| 1. Buy "For Sale by Owner" Properties! You have to | | | | each individual lot. For long-term investments, simply do |
| research the property and do your own due diligence, | | | | the correct research regarding location and area of |
| but you will save a good amount of money by not | | | | the land, and buy low. In todays buyers market, you |
| going through an agent, as they to make . You can | | | | can buy low, in tomorrows sellers market, you can sell |
| also go through investment companies. They usually | | | | high and make a good profit. |
| buy in bulk and pass the savings on to their customers. | | | | 5. Look for motivated sellers today. Due to the high |
| 2. Check the price of the property by looking through | | | | number of foreclosures, many people are in need of |
| similar sold properties. Check the MLS; Go online and | | | | selling their properties; You can help them by buying, |
| see what other lots are selling in the area. Make sure | | | | and get a great price to boot! |
| you do your research and know you are getting a | | | | 6. Negotiate! Do your research and try to get as |
| good deal. | | | | maximum leverage as possible so you can get the |
| 3. The best is to have your money ready and buy the | | | | best possible price. Especially if your not financing and |
| land in full, no financing. You can negotiate more and | | | | paying one lump sum, the sellers will be interested and |
| get better leverage. If you do have to finance, get a | | | | you can get a good discount. |
| low interest rate! | | | | 7. And lastly, you are the buyer. The buyer has the |
| 4. Decide if you are buying for a short-term or | | | | money, and makes the ultimate decision of buying or |
| long-term investment. For short-term, a good strategy | | | | not. Feel comfortable with your decision to buy or not |
| would be to buy a few lots to get a better deal on | | | | and with your investment. |
| each (or basically buying in bulk), and than reselling | | | | |