The answer is to buy land near the edge of a growing city.
“All a man has to do to become rich in America is to find out where people are going, get there first and buy land.”
General Douglas McArthur
The pressure of an exploding population on unimproved land places the owner of that land in an enviable profit-making position that will never again exist. Once the land is improved the original opportunity is gone.
With pre-developed land, the affordable initial investment can ‘control’ excellent located properties through leverage.
No other method of investment allows the average individual as great an opportunity of having so much potential wealth for so little cash.
LAND BANKING–
THE BEST KEPT
SECRET IN REAL ESTATE
“Land Banking” is the practice of buying pre-developed land in the path of growth. Historically, some of the largest fortunes have been made in Land Banking by the Vanderbilts, Rockerfellers and in California, Leland Stanford. Peter Lynch of Fidelity Magellan fame recognizes Land Banking as one of the best places for your Real Estate asset allocations
