I’ve been getting a lot of questions lately about specific issues regarding to land. I thought I would share so everyone could benefit.
Question:
I’m new for land investment and would like to start bidding land online. Has anyone had this experience and is it worthy to invest in land? I’m in California and wondering does it make sense to invest land in other states.
Answer:
Hi. I started investing online with land since 2001. I love investing in land simply because it’s an asset that I don’t have to actively maintain. With a house or other type of structure, you have to deal with ongoing maintenance and a tenant. Plus, unlike everything else in life land is the only thing that lasts. My advice to you would be to start investing in your own backyard. Whether you realize it or not, you are the local expert. If you start investing other states, you will be competing against the local experts and that’s much more risk than I’d like to see anyone take when when investing. In fact, I created a free ebook at www.3fatallandbuyingmistakes.com to help newbie land investors get started and avoid making mistakes. Buying land outside of areas they are familiar with is one of the classic mistakes.
