Why Rich People Buy Raw Land
ฝัง
- เผยแพร่เมื่อ 11 ก.ย. 2024
- Have you ever wondered why wealthy people invest in raw land? In this video, we'll explore the reasons behind this investment strategy and how it has helped many individuals build their wealth. From the potential for significant returns on investment to the ability to have complete control over the property, buying raw land provides a unique opportunity for investors to diversify their portfolio and hedge against market volatility.
Don't Get BLINDSIDED By Hidden Costs When Buying Land • Don't Get BLINDSIDED B...
The Truth Behind Property Ownership: Is the Land REALLY Yours? • Do You Really Own Your...
NEVER Buy Affordable Land Without Knowing This • NEVER Buy Affordable L...
Keep Connected with us...
Home Page: www.wayneturner...
Facebook: / turnerrealestategroup
Instagram: / therealwayneturner
LinkedIn: / wayneturner333
Twitter: / wayneturner
Pinterest: / wayneturner
TikTok: @therealwayneturner
DISCLAIMER The contents of this video are for strictly educational and entertainment purposes. This video is not intended to provide financial, accounting, tax, or legal advice. For financial or legal advice consult with financial advisor or lawyer.
"Buy land. They ain't makin anymore." ~ Will Rogers
Elon Musk is Not Buying any land and Not Owning any houses 🙄
Mark Twain.
@@brianoconnor2623 It is definitely a Will Roger's quote
I believe Mark Twain got it from Will.
MARK TWAIN SAID THIS 100 years ago
Undersea volcanos entered the chat.
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I've been trying to grow my portfolio of $560K for sometime now, my major challenge is not knowing the best entry and exit strategie;s ... I would greatly appreciate any suggestions.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience. If you're new to investing or don't have much time, it's best to get advice from an expert.
You're absolutely right about that
the power of compound interest and the long-term potential of investing in index funds like the S&P 500. For many, passive investing in broadly diversified funds can be a reliable strategy over time.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
I'm actually interested in this idea of investing through an analyst. Sounds like the most sensible thing to do in the market right now. Could you give me a pointer to who you work with, please?
My wife and I purchased a parcel of "raw" land in 2016 to build our retirement home. I always wanted to build our home with my own hands. This is year 8 of a 5 year plan. The first year was just clearing brush, downed trees etc.. We are currently nearing completion of our "Mountain lodge style Timber Frame cabin" made from lumber I milled myself. With the help of our sons and some amazing friends. It is "debt-free" as are we. We've rented our entire lives in the SF Bay Area. We sacrificed home ownership for our kids so they could go to descent schools and live in safe neighborhoods. Renting in those area was always expensive but doing it in the Bay Area prevented us from being able to save to buy a home here. That's OK. The dream of building my own home has become a reality and has been the greatest adventure of my life, shared with those I love. Follow your dreams and don't be afraid. Magical things will happen. Stop trying to save the world and just be the Hero of your own life. The world has always been a wasteland. What you make of your life matters. You save the world by your example. It's that simple. Good luck.
Wisdom!! Wisdom!! Thanks for speaking.
Great life story. Where did you buy your land?
@frankharder338 Near Flagstaff Az.. In the pines of the Kaibab National Forest
@@timcisneros1351 Many thanks and all the best.
"...The world has always been a wasteland..." Let me call you a waaaaaaaaahmbulence... 🙄
If I was rich I'd buy a ton of land too!
Just from little then see
You're gonna pay a lot of taxes and accountant fees 🙄
And you would inherit have last government regulation associated with that land, and you would making a deal with the government to pay the taxes on that land for as long as you own it or you will find out who really owns it, and it won't be you.
@@fortunatusfortunatusDon't worry
Rich people never pay taxes
Me too 😂
Back in the day, when I purchased my first land and home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Anticipate rising home prices due to inflation, potential economic fluctuations, and Federal Reserve actions, emphasizing the need for expert financial advice amid uncertainties.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
‘Sharon Marissa Wolfe’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I searched her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.
I've earned $17,000 this year, in 5 mos, on my half-acre, hosting campers. I bought the adjacent 5 acres with a 3BR/2BA, turning house into a lodge for campers to cook, watch tv, will rent out rooms to those not wanting to rough it. I take it over July 1. I am 8 miles from beaches, downtown.. it's about to get real 🔥
What part of country are you ?
John, great minds think alike- I literally thought of doing this last week.. I’m currently working myself to the brink and going to go on a land purchasing spree for myself but also for investment opportunities- I only care for land and dividend stocks.
That gives me inspiration. Good thinking.
How do you find campers or how do they find you?
Bought 40 acres...23k northern az...installed water/electric/septic....Iove spending the summers there.....If I never make a dime I love spending time on my land..$200 a year in taxes..
1st Generation of Billionaires were Industrialists, 2nd were from IT Companies and 3rd phase of billionaires will be produced by owing Agricultural Land. Save this comment and see it happening in next 20yrs.
next 5 years
👍👍👍
So true
True
Is this why modi was sellling land to adani ambani.
In 2021, we sold our house, and used every penny of equity to buy a farm about 30 minutes away from our new home (on a smaller acreage); while taking a mortgage at 2.75% on the new home.
The overall property values on both purchases has more than doubled in value since then.
Land will likely never decrease in dollar value now that the currency has been terminally crippled.
Smart move
Thank you for sharing your life experience.
You are clueless, because you’re a DEBTOR! 🤡🤡🤡
Wow !
Amazing great information. Thank you
Here is why we invest in land.
1. They aren't making any more of it and everyone needs it.
2. It is taxed at a very low rate vs houses or other things you can put your money in.
3. You can earn money on it
4. You can hunt on it, do what you want on it, enjoy freedom.
5. You have no liability as long as you don't improve it.
6. There is passive income if you log it
These big land owners you mentioned also have something else in common, their land holdings are a small percentage of their overall holdings so while the size of holdings are large it's relatively small in investment percentage of wealth.
Actually they buy this ammount of land to controll raising cows stuf like that, Bill Gates is one of them which want ot controll world´s population, this guy is evill in person.
You are very wise...have 4 acres I've been sitting on for 20 years...people thought it was a waste and should have bought something more attractive like an expensive waterfront cottage like everyone else....can't stand being like everyone else! Thank you for the validation!!!!!
Hopefully you don't go to your grave with it.
Not much sense holding it and letting it go up in value if you don't actually benefit from it.
Only saying that because I know someone who's done similar and they don't have much time left.
I have 20 Acres Here in India In Northern Most Ferile Region Full of Rivers I don't know But I inherited this land as in India there is no inheritance tax on it and I think I am in 15 Gen.. who inherited the land but yeeah It reduced from 200 to 15 coz of Ceiling act 😂😂
@@TheRashtravadi9how the price can reduce man land prices always grow with time nuh
@@tracy419you forgot how generational wealth works
Standing in your own big land it feels so good
No disrepect intended, we're just the tenants. The g-man is the owner.
Stop paying property taxes and you will find out who is the real owner
@@vertihvost7675 This guy has not mentioned Taxes or Insurance for visitors once .... my taxes triples in one year, who know what they are doing next. This guys is talking like he was born with money, forgets the real life costs . Imagine the insurance it would be to charge people to camp and have fires on your land. Kind of miss information on this video.
Great video! For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
Do you mind sharing info on the adviser who assisted you?
The one thing to keep in mind with buying raw land is the yearly property tax. And sometimes maintenance if you buy land in areas where that needs to be done. The nice thing about owning gold or stocks or govt bonds is you typically don't have to pay taxes on it yearly, just when you sell it. So if you aren't making money on your land to offset the ownership costs, it can be a problem till you can realize the final gain. Also the transaction fees can be higher on land. Not saying it's a bad thing, my folks have some land, but make sure to do your research and understand the total cost of ownership
Or you can be a billionaire and not pay any taxes at all
I own 40 acres of raw land and have a local farmer use it for cattle grazing and pay about $53 a year in taxes.
I get timber credit on land in national forest area and my tax bill is $17 a year, not kidding
They buy because there are no people on it.
@@bemame0119 so unfair
I am buying forest just to protect it.
Liar liar
@@America-he5tz can you give me a reason why I bought it. Also take in account that the Belgian law is quite strict. You can't do anything with forest. Unless for wood. But woodstoves are generally banned in the cities...
Oh but it will all be under water soon
Protect it all you want. Sooner or later it will burn or you will die and wont be able to do a darn thing about it. Why hoard property you cant use? Sell it to a hard working family that can use it.
Good luck with billionaires throwing lasers on it... 2030's agenda...
I bought raw land for hunting and I love working on my property, seeing trees I plant grow, making better wildlife habitat to see more game, it’s peaceful, has almost doubled in value since I purchased it, I absolutely agree owning land acreage is good
What state did you buy in?
Over last 2.5yrs I've bought 4 properties totaling 66acres. 2 of those had 600sqft and 750sqft cabins that are Airbnb's, they generate $60k per yr.
how much did u spend on the 2 that had cabins on it
@@jod1731 $130k and $162k
What state are you located in?
I’m nowhere near that I only have 7 acres in different states. I want to get more though.
I’d rather have the farmers own the land with their families that care about humanity and the food they produce,eat themselves and share the love,sweat,blood & tears with humanity!….and then all of us reward them by paying them what they deserve for growing what nurtures our bodies!!!!!!!#GMOFreeCrops
This is scary. Rich people pay politicians to make sure they get access to taxpayer funds first when banks shutter or they're in jeopardy of losing all their money. I feel bad for the lowest paid workers that may be affected, but not CEO's. A lot of them have created this abusive corporate pay structure where they are paid 300 to 400 percent the salary of entry level workers. Most add very little value. They posture and perform with speeches, meetings, and excessive travel to provide the appearance of working hard. It's a con.
@Mary Kane Please can you leave the info of your investment advisor here? I’m in dire need for one.
@Mary Kane Thank you! I just looked up sofia online and researched her accreditation. She seems very proficient, I wrote her detailing my Fin-market goals and scheduled a call.
Should be 300 to 400 ‘times’ instead of ‘percent’😂
" Most add very little value. "
How a person lacking schooling thinks.
"It's a con."
Proving the above.
Scam thread
I bought a 1/2 acre lot from a guy who didn't want to deal with it 3 years ago for $100. Literally a few days before covid started. Sold it a few months ago for $19,500. :) Probably could have got a few more grand if I waited a bit more.
I was originally just going to use it as a place to cut firewood, which I did for the 3 years I had it. $100 won't get you even one pickup truck full of firewood...
where in the US?
@@STTEBID North Carolina. Certainly the weirdness of covid is what drove the price up, but even without that I would buy it again! :)
How did you find that deal?
@@internetpointsbank You gotta be in the right place at the right time. If you want any kind of deals in real estate you have to watch your local market on a near daily basis for years, before you can determine if something is a good deal or who is offering one. You gotta talk to people, not just browse the internet.
It sounds nice but it isn't actually that amazing of a deal - a few months before that I bought my house, and in the same time the value went from around $155k to $325k, I didn't even do any maintenance or repairs during that time!
Don't forget your taxes. Government is making it more and more difficult to be able to afford land through property taxes. We have allowed things to get out of control!
Yep. Gotta pay the taxes or they’ll take it.
The Native Americans and Hawaiian have allowed things to get out of hand, with the white people killing them and stealing all of their land.
@@TheRealWayneTurner so that land is not really yours.
In one way or another the government owns the land and you are renting it.
@@danwelterweight4137 Bitcoin is digital property 😊 secured by unbreakable encryption and the strongest computer network this world has ever seen. And you can hold your own key's.
@@btdoe3259 Advancement of quantum computers, super computers and AI are going to make codes obsolete very soon.
So I wouldn't be putting my life savings in something so sketchy.
Furthermore, Bitcoin is a scam. It has absolute no tangible value.
It only has value because somebody says it does.
It's only value is based on the notion or promise that someone else will pay the same or even a higher amount that you paid for.
At any time the value can drop to $0
I bought land - if nothing else , I can sleep on it !
Thanksfully, here in Tanzania many people own their own ancestral land and it has nothing to do with monetary richness. Land belongs to no one but nature...and when we die we each go back to the land!
Great video : I invest in land with a condor or Townhouse on it. I need cash flow--tenants pay me monthly to reside in it for a month--the next month, they pay me again & I still own the property. Additionally, I get to pay less income taxes because there is an imaginary cost called " depreciation..' Y'all don't get to "depreciate raw land". Blessings to all that read this .
See i plan to buy land to make sure that i have a permanent place to live because i hate having to buy a house rather than just building one but also setting things up so i can live in peace.
That’s wise.
Wish i could buy alot to keep these fn developers from building houses and garbage dollar generals every 2 miles down the road
Hi Wayne as a land owner for more then 20yrs i agree with you. I have seen my land more then triple in the cost i paid.
5% interest for 20 years, yields a 2.6 times return.
You have earned 5% or less return on your land investment,
once you consider associated costs, property tax, you earned even less.
Basically a bad investment compared to putting it into tbills or the bank.
Plus liquidity can be an issue when it comes time to sell.
Why arent you bottling water like this video clown suggests, lmao.
How much property taxes or other costs like mortgage interest have you paid.
That can easily reverse. Interest rates were at 5,000 year lows by 2021. Housing will probably lose 95% of its value and land will lose most of its value too, if we crash into a global, deflationary depression.
As Scarlett O'Hara's father said in "Gone With the Wind," land is the only thing that lasts.
Words of Advice: If you still paying your high mortgage of thirty years or more It is a long time to wait or never. There is no such guarantee if you stay in your job forever! The back-up plan on the other side is to have your own land you can afford and paid it all one time. You can build a farm, raise your own food, water, and electricity. It is good feeling without the headache of paying bills monthly. Independent and free. Simple living.
Yes, but I’ve known people who are buying land and later the taxes were so high they had to sell at a loss!
There are a lot of things to consider when buying property. Liens, what (regulations) you can build, terrain or wetlands. Whether or not, you can have a tiny house on the land.
Pro Tip: you can't own land. you can only own the paper the State conveyancers draw up and attach to that parcel...
I've bought 200 acres over the last 3 years. Going to build on 40 and just bank the other 160 for now. Taxes are almost nothing.
What state if you doing mind me asking?
@@722marine AZ
Hey how are you? I’m a real estate agent and I’ve been looking into land for several clients. Trying to make this a great year! Let me know if there’s anything i can do for you or if you have any awesome tips to share I’m all ears
What part of AZ? My mom wants me to move to Arizona, but I don't like the Phoenix area.
@@MissDebi I'm North of Kingman but I am completely off grid and way out. Phoenix sucks, I agree. I would look at Northern AZ like Kingman, Flagstaff, Winslow, Sedona, Prescot, etc. You will actually get seasons including some snow!
I own one because I could not think of anything else to do with my money 😂😂😂
Hi ., thanks for sharing
I been buying land at age of 21 now 44., been building and developing. Your info is good
Thanks for watching!
Sold everything and bought 20 acres. Started a homestead.
Smart
Correct me if I'm wrong but the moment you build a house on it, it'll jack up your property taxes 10x or more. Living space tax they say in some states.
Before you think you can buy a piece of land and “do anything with it” you better check zoning laws and maybe more importantly find out whether the EPA has any authority over it. I know a guy that bought a suburban lot through an agent, got all the necessary city permits and hired an established builder to build his home only to find out a year later 1/3 of his lot was classified as wetlands (even though it’s never wet). The EPA and Army Corps of Engineers came down on him like a ton of bricks threatening to tear his house down. The real estate agent and city just shrugged it off. Ultimately after a year of stress he wound up giving money to a “land bank” as a credit with the understanding he can’t touch half his back yard. If you saw the lot I’m talking about you’d shake your head. It’s not even rural. Just a suburban lot with neighbors on all sides. So remember, if you’re going to buy land you MUST do your own due diligence. If you mess up it’s on YOU.
Hi, what was the purpose of giving the money to a "land bank"? Thank you
@@ptrgr72 To buy carbon offsets. In other words if you ruin the environment in a way that displeases your masters at the EPA they can either have the damage restored at your expense (which may involve tearing down your house) or, if they’re feeling benevolent they’ll send you to a land bank whereby you hand them a wad of cash and they say they’ll use it to fund an environmental project that they deem will appropriately offset the damage you caused. During his hearings they looked my friends straight in the eyes and said, “it’s not about the money.” So anytime you’re buying land you must have an EPA audit done as part of your due diligence. Never assume that just because the realtor brokered the transaction and the city granted permits and the bank gave you a loan and the builder built the structure that the Feds can’t come down on you like a ton of bricks. Due diligence is all on you.
Food will be very expensive in the future.
some of this is just not accurate... for one, you can't do just whatever you want on land you own (zoning)... and second, the bond market does affect real estate, as a young person, I know that my own 401k is pushing the price real estate up with all the REITs out there competing with me to purchase a home to live in
We've got a depression on our hands. Those B&B dreams are going to crash and burn because who can afford it? When people can't feed their families, they will poach by necessities. Inflating the price of land will help insure that happens
get out of your "horizontal row" of apartments and buy a Real house.
@@ronaldwoofer5024 I'm a retired senior living in my vehicle on less than $900 per month. I'd love to have a bit of land just to park on that no one could tell me to leave... land with a well would be a dream come true 💚 I can promise you this; if I did have land, I wouldn't just "hold" it with so many people, made in God's image, lining the streets of our cities like trash. That would be disgraceful. People risk life and limb to save a stray dog or cat but not a human being. I don't smoke, drink or do drugs, the same is true of many homeless, especially seniors. Before you tell people what they ought to do, walk just a mile in their shoes...
@@SaintTrinianz Lots of owner financing land for sale - where you can park your vehicle.
@@SaintTrinianz I love love my two water wells. Nothing like free water to irrigate the crops.
The unfortunate part is that even if that happens, like everything else in life - one person's loss is the wealthy/ ultra wealthy person's gain. They will swoop in and gobble up all of these failed real estate investment projects of the middle class and rich-lite. Then they will be more than happy to do nothing with this land other than use it for tax shelter purposes or related for decades/ generations to come.
In escrow for 10 acres a couple hours north of Austin. Had a bunch of cash parked at Vanguard that I'm not about to invest. Don't like the markets now or the economy. Figured I might as well put it in dirt. We'll see if that works out for me.
If you look into how Gate assembled so much farmland you will find out he bought it from a Canadian pension fund who in turn bought it from an American hedge fund.
Something like that .....
We bought a 10 hectare land we are truly lucky to have land. Watching all the way from Vanuatu
As someone curious about real estate and investing this was a very quick and comprehensive introduction! Thanks for the summary!
First, love your videos. You "seem" very genuine and honest. "Walk the land, talk to neighbors." As for land as an investment, Dad and I did the math to diversify our portfolio. An investor might make a good profit off of land in an UP economy, but your money is far better in mutual funds. Once again, love the vids where talk about mold, does it perk, water damage.
Not sure why this is shocking news. Rich people have always bought and owned large amounts of land, it didn't just start this year.
An additional consideration is the new economy that they are trying to get to. If they get their way it will be digital credits effected by carbon credits. Land, for those you mentioned will create a positive carbon credit in this economy. If you don't not own something that generates carbon credits, then you will be held to your limit of what is given to you.
Me, you and Ted combined have the most land in the US. The Turner's are taking over.
Because land is the basis of all wealth. The value of a Kingdom is the value of its land.
Land, land, LAND. No secret. Period. ☝🏼👍🏼👏🏼
I bought almost 30 acres of heavily wooded land, 10K marketable trees near Houston. I got a AG exemption so it cost $30 a year in property tax to hold it. I have not figured out a way to monitize it though. I spoke to a big company to put batteries on it for Ercot but the rep lied to me so that is on hold. Any ideas?
I had a ranch in Colorado that was contiguous with Ted Turner's 1.1MM acre ranch. His Elk were on my lawn every morning. He charged $15K to shoot one. i have amazing pictures though.
Like Wayne said , do a camping BnB .
Those elk are just as much yours as they are his. The $15k he charges is for the right to hunt on his land not for an animal itself. You could probably find someone to give you $15k to shoot one out of your front yard.
I would have charged him $15,000 every time I caught one of his elk on my land.
15k people have lost their minds. 15k for free meat 😂
Batteries? With work you can create a "regenerative asset." Anything that doesn't grow with water and sunshine isn't a long term investment that regenerates. Think on it. Selling it off to a developer for a lump sum is a one time deal. A lifetime of production is wealth that spans generations, beyond yourself. Literally an "evergreen" business.
If i had millions or billions @ my disposal I’d buy up much land as I could also but in a well informed and very savvy way!!!!
I think often people are buying land for the 1031 tax exchange. They've sold other commercial property and don't want to pay capital gains, so they can put it into an exchange. I know I've done it. The bummer is now the price of land is so high it doesn't make an ROI for a small farmer to buy it. Therefore, there are very few small first time farmers.
They're going to run into a rude awakening when they realize they're paying taxes year after year after year on an investment that returns no income. We folks in the city see this all the time. City people come out, buy up a lot of land, maybe even homestead, then find they miss being 5 minutes from the pizza place and Walmart and don't like that 45 minute commute to town.
I would love to own my own land.
I think billionaires know that land is an asset that can't be duplicated or inflated. The supply of it is only as much as there is. Land is where we get everything we need to survive.
Super rich ripping land off hands average people by speculating? Kind of sick, uf you ask me. Fewer hands every year consolidating properties....
Farmers were busted out of their livelyhood by corporations.
Its a mad mentality of an already billionaire wanting to own, just to profit by renting....first the cities, but that wasn't enough...."let's get it all!"
The sheer blunt force trauma effect of this information in less than 9:00 is staggering! Thank you Sir.
Ty!
walking in ur own big land feels good, thing i wish some fools can understand when i say buying agricultural land is good for life
Hi Brother., great video. I'm just starting out at 57 years of age buying land. I'm buying land in Arizona. Once I bought my first plot of land I was hooked. You talked about the business idea of an Airbnb. My thoughts excaly. Take care. Hawk out!!
In 2010 I bought 20 acers for $2525/acer. Today, I would not entertain an offer to buy it for less than $7500/ acer.
Those must have been some really nice fancy computers to want to buy 20 of them at once! ;)
@@Ralphfili Sorry.... It's the best I got from my Public school education....
@@mikebraun9673 You are a land lord and. no. one cares how u spell acres. Congratsss bro
It’s pretty simple the land will go up bc it almost never goes down. So eventually companies or people will go to them and pay ridiculous amounts to build on
Yeah and after while there's not going to be enough land to grow anything on
If land is being sold from one person to another, how does that decrease the amount of land available and bring the price up? All land is already owned either by individuals, corporations or the government. I would think that the only thing that might affect the price is if the government makes more land available for the other two?
Many reasons, but one is that as the population grows, the demand for land grows. Land is needed to build homes, businesses, growing food, and just general infrastructure. It’s supply and demand, and in regards to your questions, it’s not that supply changes, because with land, it is constant. Demand is the variable
@@matikalt1243 Supply definitely changes too, just usually not as much and/ or as often. Coastal properties being eroded/ swallowed up by rising sea levels, weather changes and natural disasters leaving some places destroyed or no longer viable living areas due to increased flooding potential or temperature increases/ decreases having knock-on effects. Over farmed or polluted land becoming non-arable/ infertile. Sometimes it takes years before a community realizes their homes have been built on top of a toxic waste dump or before some other environmental hazard is brought to light which subsequently renders all of that land essentially worthless for the foreseeable future. Then there are the issues related to infrastructure/ land development that can make once non-habitable areas habitable and vice versa. There are countless reasons why supply is not a constant when it comes to land.
I'm new to stock market /Crypto and would like to invest but I've go no idea on how to make good profits. Pls what's the best approach you'd recommend?
Wow I'm just shocked some one mentioned expert Mrs Evelyn Vera name i thought I'm the only one trading with her
How does this Bitcoin stuff work, I am interested and willing to invest heavily as I have heard too many testimonies
I met Mrs Evelyn Vera last year for the first time at a conference in BELGIUM. I invested $35,000 and traded in one month, making close to $198,500.
I'm from CANADA, I and two other of my friends tried her immediately we testified, she's performing wonders. I know she can't see this right now but she is changing people's lives.
In India we also have this fascination of buying land
I can listen to this guy all day
You don’t pay property tax on agricultural land..
Problem is when end of the year comes, you’ll owe a bunch of property taxes.
Not true. Raw land has very low tax rates. Get your info straight
@@remyruff low tax rate doesn’t equal zero. You’re still essentially holding land that doesn’t make you any money and basically praying one day it’s worth something - while paying taxes on it every year. Better off putting money in the stock market, probably a better gamble. Lol
I pay $1,400 a year in taxes for 15 acres with a cabin. My apartment in NJ is 30 min from NYC and cost $1,500 per month.
@@dirtycommtroop yeah if you buy land in undesirable areas than the property taxes will be less. But also means you’ll be holding the land for a very long time before it appreciates… heck may not even appreciate in our lifetime.
Only time I’ve seen people make money is when they hold land next to a large expanding city, then they’ll actually get million+ offers for the land from the state.
@@LordLoMR2 oh yeah. I use it for enjoyment and will retire there. So it's a long term investment for me. There are people across the river in NY that are developing 2 acres at a time, building small farm houses and selling for +- 700k. If I wanted to sell today I'd make a killing but that's not what I'm doing. At least that's the plan.
Id buy land if property taxes on it wasn't 6 months savings every year.
Get an AG exemption. 1975 property tax rates.
Taxes are $788 a year on my 402 acres of mountain land. It's in Land Use, as it's a tree farm. There are 6 million board feet of huge timber on it. The gubment will get their shekels as I process any timber.
There are a lot of problems with this rational. For one, good luck getting permits to pump water for bottled water. Also be careful which rights go with the property they are all separate, water, air water etc.
I feel like the benefit of buying raw land decreases when you can only afford 10 acres or less. Sure, it's still a hedge against inflation, but if I only have 50k to spend, I'd rather invest it in survival gear, a down payment on a proper farm, or a down payment on a multi family rental property.
Excellent suggestion.
The other issue is that land has low liquidity. You can't sell a little of it during hard times, you have to sell the whole thing, basically.
@@Excalibur2 or dont sell and use the land as a tool to generate income.
@@brianwalker8759 if it's raw land, it might take significant investment to become valuable, and if you're on the edge of being able to afford it, suddenly you could be stuck selling the whole thing.
@@Excalibur2 Sure thats true. But not always. I live on very little money. So I suppose for me I can think of a whole lot of ways to extract money out of land if I had. (I do have 10acre about 3 miles out of the city) Small rc airplane park, or a rc dirt tract, or a bmx track, you pick it strawberry patch, blueberry, lavendar, blackberry, cows,bunny rabbits, Rv park, trailor park,Shooting range, start a haunted house/forest,Start a compost farm, camping for fee, small green house an seeds(walmart sells baby plants 5 bucks each) It's not hard to come up with ideas and not all of them require lots of money to start. Im 46. I got out of prison in 2005 with 100$. Ive never had any credit what so ever so when I get something I keep it forever. If you cant afford it now, keep saving till you can. Course maybe not time for that now if money crashes...
Like everything else, water is worth what someone will pay for it. It is false to assert that water is worth $9.60 a gallon when you can walk into a grocery store just about anywhere in America and buy water for $2.00 to $3.00 a gallon or less.
12.13 acres of land, with 2 houses located in the property - 707 and 713 Johnston Waxahachie Texas 75167. Restrictions make it where you have to purchase both houses. 707 Johnston, is a beautiful house with an attached shop of some sort, or even turn it into a horse stall, mechanic shop, etc. Ideas are endless. the 713 Johnston, is a beautiful, updated house, with brand new kitchen counters, cabinets, floors, etc, and appliances remaining.
Unlike many other investments, well chosen land can be a big part of your survival plan if the SHTF. Provided you have the right land and the skills to put that land to work during dire times.
Can someone please explain why farmland is a better investment than land with a house or building on it?
I’ve heard of farmland being converted into distribution centers, shopping malls, or residential but it never goes the other way. My guess is it’s because agriculture is the least productive use for land.
Am I missing something? Why is farmland more attractive than land zoned for other things? Seems backwards to me.
They're not necessarily buying land to make huge profits, its just about storing your value somewhere. You have to remember that when you have billions, you cant just put that in a bank. Its not safe in a bank, and also will lose value to inflation. This is why the super rich diversity to relatively low risk low yield assets, its just about keeping your money safe
Raw land buying, has easy of conversion and government have less restriction
Buying real estate is simply one of the best ways to become financially stable!
A gallon of water is closer to 2 dollars... You are mostly paying for plastic and transportation for individual bottles of water...
That doesn’t work in Australia.
Must get approved by local government to rent your land out for recreation use, then there is the high insurance cost associated with it.
Same in the US. Those who don't do that are operating illegally according to the IRS (taxes). At least in 3 states I have lived in.
I don’t see how this is anything new. I grew up eating donated food, dumpster food and on government food stamps (the old paper kind with colored bills that looked like actual money) and land ownership had the same impact and appeal back then (1980’s-1990’s).
For someone to not have these values and views of land, means they’ve been sheltered and accustomed to having raw land all their lives.
This is something that would be obvious to those who have not been able to afford land in their lives. You did a great job illustrating the importance of raw land and its ownership, and I thank you for that as it helps those to appreciate their land more.
Thank you Wayne for this very interesting report.
Long time ago, I sold a farm land in South of France next to an hotel 15 times more expensive than
its intrinsic value just becoz hotel needed my land to land and take off his clients coming
with helicopter.
I had this mind set to invest in land in USA for long time before it became very popular
just becauseI was thinking what is luxury, good and very suitable for me.
Calm and Space.
Land is definitively a very good asset.
Even more I imagined listening to your good advices, possibilities are huge.
They want to control your food and your water. Then they can decide to let you live or starve
Yep, better get your boosters
Buying raw land is a good way to keep wealth until further industrialization would need more land
I have 3 acres on hilltop view in muenster texas,but no money to build on it. I may have to sell it😢
They are also buying the water rights under the ground ( aquifers and cisterns).
Coz they have liquidity. They don’t build on EMIs.
❤ I appreciate the insight, that was informative. I always see them say "dont uy raw land". U brought up some great points. I live in Houston, Texas! Im hoping to buy some land this summer near Conroe. 🙏 Please GOD & Thanks
I’d love to help! www.ContactWayne.com
THX WAYNE... ALOT OF PEOPLE ARE LOOKING FOR A RAW PIECE OF LAND BEFORE SHTF...
Land is like Gold, or bitcoin, the supply is not unlimited, but has unlimited Life span. Unlike money, or Buildings, shares in Companies. Land has become a commodity. Agricultural land is especially limited, consider Russia and Ukraine situation.
I’m going to look at land next week. I’m going to buy the largest parcel I can, as close to water as I can manage to use in multiple ways.
Food farming is the new gold.
Those are good recommendations for wealthy people that worth $5 millions and up. The current best diversity in investing are RE, Gold, crypto.
You know, if someone is buying the land, someone is selling it. I don't think we can say that buying land is a trend.
I have a little house on the Prairie.
I have the prairie, thinking of a little house on it.
If “stuff hits the fan,” who will enforce land ownership laws and rights?
Other land owners and the morally bankrupt sellout peasants who work for them (who themselves hope to one day become land owners by doing what the land owners ask them to do and say). The same way it's worked since the dawn of human civilization up to this day. Never under estimate the level of greed and dishonor when it comes to the average person.
Because it is a finite resource, and there are no taxes or fees for owning too much.
A gallon of water is $9.60 🤣 I just bought a bunch of gallons of water at the store for $1.20 each. I guess that was the deal of the century. 🤑🤣🤣🤣🤣
Bottled water!
Nestlè pays $503.71 per million litres, that's approx 270,000 gallons which is just shy of 0.002 (1/5 of a penny) per gallon. While I agree land is one of the best assets, I believe he's missing the mark as to why the elite hord land.
But, if you look at the 20oz or liter bottles of water, then sell anywhere from 1 dollar to 3 dollars a bottle. If you break gallon down, you'll get those 6 bottles. Simple math. You're only looking at it as a consumer, as most do.
That's a real liquid assets .
@@piotr.leniec-lincow5209 le fromagè
A friend of mine inherited a house lot in FL his father bought, probably 30yrs or so ago. Today I'd say it’s worth around $45-50K. Let’s say he originally paid $4K for it, if the same was invested into a mild risk diversified mutual fund, how much might the $4K have grown compared to the house lot that he had to pay annual property tax on for 30yrs or more?
Umm.. actually t-bills are yielding over 5% right now and is probably one of the best places to put your money at the moment