Land ownership is when a person or entity has legal rights to a piece of property. Usually when referring to a piece property you are referring to a vacant or unimproved parcel of land. Unlike a home or business which is a parcel of land that has been improve upon.
Land is generally considered to be a good investment because it tends to go up in value over time.
There are many advantages to owning land including:
Selling it later for a higher price.
Land has lower taxes than an improved property.
It can be developed now or at a late date. As the developer you cut out the middle man giving you the potential to make more money.
Generally land is a more affordable investment
It is said that land appreciates and buildings depreciate.
With land there is no need for maintenance. The Land takes care of itself!
Most investors recommend purchasing land in undeveloped areas, but can be developed later. This is a way of getting in on the ground floor. Financing land can be done a lot of times through the seller. This is a good use of funds. When possible use other peoples money, this is a good investment strategy. Land is a passive investment. You usually don't have to do anything! Just sit and wait.
Timing can be important. Have you ever let an opportunity pass you buy and then said years later "I could have owned there!" The right time to invest is now! Later will be too late.
Ron Freeman Investments has a lot of great properties that are available now with low prices and terms that will suit your budget.