Description
Why buy rural land over other real estate investments? Is there a rationale used for buying rural land properties? Should we buy raw land because it is scarce or because of other factors? This book covers these issues and popular myths including, but not limited to: Myth 1: All Real estate equity is important including rural land property. Realty 1: Equity is an ILLUSION and it doesn't matter when we concern ourselves with rural land and servicing a need for people to live. Cash flow is more important. Myth 2: Buy land including rural land because it is scarce. This is a no brainer. Realty 2: For rural land, it depends on several factors including access, layout of property, location, development potential, and price. Myth 3: Price of the property is the most important part of any real estate purchase including rural land. Realty 3: Althought important, price only accounts for 20 percent of the overall analysis. Myth 4: Intelligence is the most important trait needed to succeed in the rural land property business. Realty 4: From personal experience, Persistence, Patience, and People(People skills) are more important.
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