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Investing in land can be an incredibly profitable and rewarding endeavor. At the same time, a miscalculation can lead to losses that could bring an end to your real estate empire dreams.
Like anything there are some basic principals to follow that can help to protect you from losses and insulate you from risk.
Buying land can be one of the smartest decisions you make. Historically real estate appreciation has been one of the largest contributors to individual and corporate net worth. Land unlike residential or commercial real estate doesn’t have the expense of upkeep often required on the latter.
Buying land with NO credit check has become a more common option as the world of credit has evolved and people seek a closer relationship with their land seller.
Often times when people try to buy land, they run into the hurdle of qualifying which often times can be a challenge. Banks consider many different factors when extending credit and purchasing vacant land often times represents greater risk and therefore harder qualifying for buyers.
