Buying cheap land for sale is one of the quickest ways to build wealth. It has and is used by some of the world’s most successful investors.
It’s easy to do even for small investors and has better rewards to risk than any other investment.
Here are 6 simple tips to build wealth in cheap land for sale that could make you rich.
1. Don’t Buy The Cheapest Land!
When buying cheap land for sale you don’t want the cheapest land for sale you can find.
You want it cheap with good profit potential and there is a difference.
There is plenty of cheap land available in the middle of Montana or Haiti, but what are the chances it increases in value? Not much.
Cheap land for sale is only worth buying if it has profit potential stavebne pozemky na predaj
When buying cheap land for sale only, buy land that has growth potential – this is the key to profits.
In the US and most other G7 countries the price of land is expensive already, and in many instances has low growth potential.
If you want to get more for money when buying cheap land for sale look overseas.
2. Overseas Land
Many new emerging markets not only allow you to boy cheaply but allow you to take advantage of dynamic growth economies.
A great area to consider is Central America.
Just a three hour flight away and you have the opportunity to seek 100% annual gains with low risk. Buying is easy and safe.
3. Don’t be a Pioneer
Look for a land market that’s on the move already and has an upward trend of growth.
You can buy cheap land for sale in a country that may become the next hot spot but why take the risk? It probably wont.
Most new hot spots never take off. Sure, the rewards can be big but so to is the risk.
There is plenty of cheap land for sale in Romania and that is touted as a new hot spot but don’t think I would take the risk!
Stick with markets that are on the move as property trends tend to last for decades once they are in an upward trend.
Even if you have a country showing good growth not all cheap land for sale is going to rise at the same rate and here you need to be careful of location.
Look at where the next big developments are coming, such as highways, marinas and airports, or buy near existing expanding locations.
If you do this you will be able to benefit as cheap land for sale becomes more expensive as projects complete and areas expand increasing the value of the land.
5. Use Common Sense & Draw Your Own Conclusions
When buying cheap land for sale don’t be taken in by sales talk, make your own mind up on the potential of the area you are investing in.
Will anyone want to buy the land in the future i.e will it be snapped up by developers.
Also, make sure you invest only in safe stable countries where you get the same rights of purchase as residents.
Finally, get a lawyer and Realtor to help you, its money well spent and they will make sure everything runs smoothly.
Perhaps one the best is Costa Rica. With beach front property up to 70% less than in the US it’s booming and buying cheap land for sale here is making 100% annual profits with very little downside risk.
It’s safe, stable, cheap, has a track record of growth, buying is easy and you have the same rights as residents and profit potential can be up to 100% per annum with low risk
There are many more opportunities to get cheap land for sale and make profits, but the above is a good country to start with.