From the video:
There are many ways that you can invest in real estate – from residential to commercial to multifamily… and one often overlooked way to invest is a land investment.
Are you looking at investment land for sale in Pueblo Colorado? If so, keep reading because this blog post will walk you step by step through the reasons that you might consider holding vacant land in your portfolio.
There are many reasons why someone might be interested in buying vacant land for investment in Pueblo…
Reason #1. Land is one of the original investments!
Long before people were flipping houses for network television, investors were staking their claim on raw, vacant land and building their fortunes on it. All the way back to ancient times, kingdoms were built on the value and opportunity that land presented… even raw and undeveloped land had perceived value.
90% of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in real estate.Andrew Carnegie, Scottish businessman and philanthropist
Reason #2. Land is a scarce commodity
Land is scarce… no one is making any more land. The more people own, the less is available (it’s a simple issue of supply and demand). So by investing in land, you are banking on the land supply to continue dwindling, which tends to cause the value of land to trend upward. While there are no guarantees on any investment appreciation, the historical trends indicate that a lower supply and increase demand push prices higher.
For example, the federal government owns about 28% (640 million acres!) of the 2.27 billion acres of land in the US.
A lot of foreign entities are buying up US land as well. Farmland is especially popular with foreigners. And once that foreign entity buys up however many acres they want, Americans might never be able to secure that land again. So, once you lose it, you may lose it for good.
The competition is high – aside from foreign entities, the top 100 largest private landowners in the U.S. own 40 million acres. An area the size of Florida! (Or 2% of the total land in the US.) This is a huge jump from just 10 years ago when the top 100 private landowners held less than 30 million acres.
What does this mean? If you wait too long, you might miss your chance to own any Pueblo Colorado land for sale!
Reason #3. Multiple exit strategies
One of the most exciting reasons to own land is that you have many options to profit and benefit from the investment. If you invest in a house, your only options are really to rent it or sell it. But with land, there are many more exit strategies.
You can build on it, you can subdivide it, you can rent it out to farmers, you can even sit on it and wait for an urban center to come to you. (Here’s a list of 44 ideas for ways to use your land!)
Of course, it all depends on where the land is exactly and what the bylaws are, but you do have multiple exit strategies when buying vacant land for investment in Pueblo. Especially because Colorado is such a popular state, people love to travel and move there.
Reason #4. Enjoyment
Another reason to think about buying vacant land for investment in Pueblo is the enjoyment factor. Depending on where your land is, you may be able to enjoy the land for yourself (such as for hunting, fishing, camping, or just relaxing) before you make money from it. You can learn more about things to do in Pueblo, Colorado here.
Think how great it would be to have your own private campsite in Colorado.
Of course this may not work in every situation but it is a consideration!
Reason #5. Less work
As far as investments go, a vacant land investment is not very much work at all. In many cases, it’s a “buy and hold” or “set it and forget it” investment so you can buy and then wait. And any upkeep you may have to do is often minimal.
When it comes to real estate investing options, buying vacant land for investment in Pueblo is a very compelling investment for many reasons.
Want to learn more about buying vacant land for investment in Pueblo Colorado?
We’d love to talk to you about how we can help. Click here now to contact us or call (313) 349-0434 to speak to us.
Land for Sale in Pueblo Colorado
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