Land investment can be a profitable venture that many budding entrepreneurs may want to dip their toes into. But there are also many myths and misleading ideas keeping them from doing so.
Let the professionals at Santa Cruz Properties help ease your nerves and dispel 6 land investment myths that can keep you from following your dreams. And when you are ready to make that jump, remember that we have plenty of gorgeous owner-financed lots in Hidalgo and Starr counties.
Don’t Believe These Land Investment Myths
- You Need a Lot of Money to Invest in Land
- You Need Special Knowledge to Invest in Land
- All Land Investment is Good Investment
- Land Investment is Too Risky
- All the Best Properties are Already Owned
- Investing in Property Means You Have to Be Hands-On
One of the biggest myths is that you need to be extremely wealthy in order to buy any type of land. Fortunately, this is not true. There are several options available to individuals interested in purchasing land including working with real estate specialists like Santa Cruz Properties. You don’t necessarily need to have hundreds of thousands of dollars at your disposal. Our team can help you to purchase a reasonably-sized lot for your needs through our owner-financed options.
Of course, whenever you get involved in any type of business venture, it is important to educate yourself on the topic. But that doesn’t mean there are secrets that only a select few know. A thorough understanding of the pros and cons of owning land, along with any risks involved, should be sufficient to help you make the right decision.
When scouting land to buy it’s very important that you take into consideration a few things such as: location, the state of the property, and pricing. Investing in land can be very fruitful, but first, you need to make sure that the land itself is in good condition and could be effectively utilized or resold for profit.
Of course, like any other investment opportunity, investing in land does have some risks. You shouldn’t let these scare you away, however, because believe it or not, real estate markets are a lot more stable than other financial markets.
While you may not find the perfect piece of land right off the bat, the truth is that you can create quality and value by updating and taking care of your property. The real estate market is constantly growing and changing, and there are plenty of opportunities to sell your property – regardless of where it’s at.
Winding up as the caretaker for the land that you’ve invested in is not always the case. Although this situation does occur for some, you can simply own the land while someone else does the heavy work. If you decide to build residential living spaces on your land, or if you bought land with residential living already on it, but you don’t want to deal with tenants, you can higher a property manager. This can leave you free to handle other responsibilities while not having to be too hands-on.
Don’t let the myths of owning land scare you away. Santa Cruz Properties has owner-financed properties to help you reach your goals.
If you or anyone you know is interested in purchasing property, contact your realty specialist here at Santa Cruz Properties today! We’re ready to help you bust more myths and guide you to becoming a landowner.