Thank you for watching! If you enjoyed this video, you should watch - How I'm Investing My Money In Today's Economy: th-cam.com/video/KfdYVBJZKCE/w-d-xo.html
Land is fine if you are willing to put it into production. Grow trees on it, lease it to hunters, raise cows, etc. Most of my rich friends have several hundred acres, best part of being rich is having a big spread where you can get away from people.
Agreed. Can also use it as grazing land for tax benefits. Can buy where u are sure the government plans to expand. A better point would be "Don't invest in land without proper education." First u LEARN then u drop the "L".
I know people who lease land to farmers,solar panel companies, wind energy companies,car dealerships,timber companies ,mobile home dealers etc...I think land would be a great investment if used right!! Little to no competition in Land..give me land all day so I can make money lol
No offense but this guy should just stick with stocks. He's generalizing land when there's several different types. That's like comparing penny stocks with FANG stocks. Contact me if you'd like to learn about land in the right locations. Predeveloped land in the direct path of growth next to existing infrastructure with approved and funded plans for more developments coming in.
When buying RAW land make sure you pay attention to how your area has it "coded" it, i.e. residential, commercial, rural, agricultural, etc. Before you buy raw land, make sure that whatever you want to do with it can legally be done. Make some phone calls to your county planning office to their planner and/or engineer. Land is a great investment, IF you get the right type. BK
"People who succeed have momentum. The more they succeed, the more they want to succeed, and the more they find a way to succeed. Similarly, when someone is failing, the tendency is to get on a downward spiral that can even become a self-fulfilling prophecy." --Tony Robbins
Can we talk about how not every damn piece of land needs to have a house or hotel or business on it? I'm going to be buying land just so all these jackasses don't cut down every tree there is to make a quick buck.
Of course you are, because you have no money. Therefore you dont care how much income your capital produces. Anyone who INVESTS in land actually cares what it produces. Owning land costs you property taxes upkeep etc.
@@richardvargus7443 Your assumption that only poor people care about the environment is ridiculous, and there are other ways to make money with land that doesn't involve developing it into something soley man-made like a hotel. Examples would be orchards or tree farms or an adventure camp for kids.
I’ve got my 40 acres and I don’t regret buying it. Gonna build a shipping container home and use it as a weekend getaway. I’ll give it to the kids when I’m gone. Speculative or not. Land in a good area is a great investment.
The fact that it's a boring game is exactly why I'm interested in it. I'm too simple too take on properties. It seems like too much work haha Thank you for the video. It's nice to see a different take on the subject.
My cousin bought his first small farm 40 years ago for $50,000---he was a high school teacher who grew up on a farm...now he owns 15-- large 100 acre and 250 acre farms, makes monthly passive income from house rentals and land rental to local farmers that carry the costs/made a profit---all while the price of land appreciated from $1000 an acre to $50,000 an acre...do the math! All worth about $40 million today....
Great video, Jaspreet! You did make great points here. Some people may get confused between real estate and land investments, so this is really helpful!
No offense but this guy should just stick with stocks. He's generalizing land when there's several different types. That's like comparing penny stocks with FANG stocks. Contact me if you'd like to learn about land in the right locations. Predeveloped land in the direct path of growth next to existing infrastructure with approved and funded plans for more developments coming in.
I have land passed down from my family and while I don't have plans for it yet, I believe after I start building up my real estate portfolio hopefully we can make use of it.
I can give you about 72 reasons why you would invest in land and you’d be mad not to do so. I also own quite a chunk of real estate. Block of ocean side land I bought for 98k 2 years ago now worth 170-180. Was a mortgagee sale, highest capital growth I have on all my properties on a percentage basis right now over the two years.
The reason I buy land is to grow my own food. Can't trust many of these farmers now days that are in bed with Monsanto. Also the reason why not to many people are interested in land is because majority of banks don't loan out money on land. You have to pay cash for land.
@town crier Good thing about land is you can always pass it on to your kids. Teach them how to grow food. Also anything goes on your land. No one will tell you on what you can and can't do on it.
NAILED IT! As a real estate investor I’m looking for cash flow and/or capital gains in my investments and I normally like to see my returns as quickly as possible. All 7 of your points I agree with! Thanks for sharing!
I bought a small forest. I never worry about fixing toilets, ordering heating oil, tenants making a mess, etc. And i can get free wood or sell the wood. I never worry about company mismanagement and corruption.
if one invests in agricultural land one can collect rent from farmers who use the land to grow crops. or one can invest in agricultural land REITs such as LAND (Gladstone Land Corp) or FPM (Farmland Partners). I think the arguments you made don't fully apply to agricultural land. It can earn income without development in terms of building construction. what do you think about agricultural land as an investment?
This is the first video that I disagree with which speaks volumes of how great your channel is. Buying land like anything else is all about location if you buy in the right location at the right time especially if it’s in the city limits and it’s pretty much Buildable with utilities on site you can make a profit off of land within a couple years or less just like purchasing property it’s all about doing your research and location location location. Now I do agree you should also have property that’s cash flowing I don’t think that if you’re only buying land that’s a good move but if you’re mixing it up with flips rentals and land purchases if you’re getting it at great prices in the right location I would not advise someone against making a land purchase
With balooning population land is gold or titanium for me ...i love large spaces i can put anything or grow anything with no limit. I love agriculture and doing business . Land is an eternal asset your children and granchildren will surely love.
From my experience builders have dibs on lands. So that they can have the same agency sell the home once it's build. If there's land for sale to the general public it means builders didn't want it.. Stay away from it.
Buying real land means you don’t pay taxes on it because you OWN it. You only pay taxes on things you don’t own. It’s a common law issue (supreme court) and most people think to use fiat currency to buy land which is impossible in the first place. He’s teaching the resident/residue game which means temporary or not permanent, and this has been the crux of this country for the last 150 years since the civil war. But for most people I don’t think they will fully understand the importance of land and those across the water who you pay your taxes to appreciate it dearly.
This guy is full of do do crap! My father use to say when you own land u have everything. You can sell it,develop it, build on it, you can lease it. There are many avenues you can take.
I had a terrible experience with land, bought 6 acres years ago, intending to convert from residential to commrcial, it never happened, it depreciated drastically, from 350k to 17k.
Depending on the state, you can get get an agg exemption and pay almost nothing on property taxes. Also, you can rent the land to a farmer or rancher to maintain that exemption while making rental income. It's not hot and sexy but it's stable and a nice addition to the sexy stuff. It's called diversification, not boring.
Great video. What is your opinion on land flipping? I’m seeing quite a few YT people discussing it as better than house flipping. I guess it could work if you know what you’re doing!
I have 37 country acres mostly woods and downhill. The only thing that I can think of using it for is letting family and friends go deer hunting on it. What else do you guys think I can do with it?
Great video. Very informative. I understand all of your viewpoints. I also understand that you want a constant cash flow. But isn't land a finite commodity? The lower the supply of land, the higher the cost.
1.Raw land can still be rented recreationally or agriculturally WITHOUT any improvements. 2. You have little to no liability. 3. They’re not making anymore of it.
Idk man, my family land makes us plenty of passive income. Hunt clubs pay 4x the taxes just to lease it. And out west, they lease to grazing or farmers. My personal land actually gives me a lower tax rate because its listed as a tree farm since a majority is wooded. So no only do i get to harvest timber but i get a lower tax rate
Yes and no, im looking for something no one has touched yet. So I can develop it myself and just chat up investors. At the end of the day I want my company to control it.
You are absolutely right! I should have listened to my wife and not bought a 5-acre piece of land, but I'm hard-headed and I bought it anyway. I purchased it for $32,000. Held onto it for 15 years and paid financing fees, taxes and other expenses at a cost of about $50,000 total. I sold it a few months ago for the best offer I could get of $9,000. Deduct the taxes from last year and this year and the real estate fees, I walked away with a little over $4,000😢 Huge lesson learned!!!
Land investment is the most safest and always grow. When you have land, you have confidence, can do something in future. It will help you to feed you back. Keep some land in your portfolio. It's hot right now.
Good video, as usual, but you can cut the trees down and make money from the property while waiting to see if anybody will buy it. You made good points.
It is a different situation in my country, since we don't have taxes on lands yet, if you own less than 10k meters of undeveloped lands, so I think it's not a bad idea 🤔, moreover the majority of wealthy people are lands owners. However, I think it's much better to be a real estate developer but the issue is that you need to have a lot of cash to do so
It so happens you also must pay taxes on the land your rental property sits on also. As for depreciation it must all be recaptured in taxes at the time you sell the property
Love this! Can you create more videos based on business as well, please? DOs and DON’Ts, things new business owners should do, any course recommendations for facebook/instagram ads and SEO? Thank you!
Thanks for the tips! Ads are changing every couple weeks - so look for a course that's updated often. For SEO, read as many articles as you can that are ranking well - see what they have in common.
I know a family that became multi-millionaires overnight due to selling land. They used to be mere peasants, but they did well and bought land a little with every generation and in the meantime, the cities spread out and started merging with their land in between...
HERE IN CENTRAL FLORIDA, people have made MILLION$ on land speculating - with a "twist". They buy "raw" undeveloped land, clear it via bulldozing & burning the debris, and then PLANT PINE TREES. The State of Florida - Forestry Division will even plant the trees for FREE - but you have to give them a share of the income when you sell the trees for pulp or lumber. THAT WAY, they actually have PASSIVE INCOME - albeit, it takes about 10 years to grow harvestable trees ! (Later on, they hope to sell the land to residential & commercial developers - so they WIN both ways !)
No offense but this guy should just stick with stocks. He's generalizing land when there's several different types. That's like comparing penny stocks with FANG stocks. Contact me if you'd like to learn about land in the right locations. Predeveloped land in the direct path of growth next to existing infrastructure with approved and funded plans for more developments coming in.
Great video but you are moving too fast. You are speaking to fast. Thanks for the info!!! I did sub! But please slow down a bit so we can hear you (and catch your jokes). Oprah said get a piece of land. I want to buy to build my house. I want land to build my church.
You are under estimating how diverse your audience is. Depending on geographical locations raw land can be a very good investment. Rent to farmers, Plant pine trees, rent it to ranchers for cattle holding, harvest hay , lease it to hunting clubs for thousands per year. Not to mention if power lines or pipelines ever need to cross it , taxes are low and you don't have people complaing to you or trying to sue you every other day. Some folks like the slow motion money...
Actually, at 4:09 he says the exact opposite. Individual stocks usually have buyers immediately interested in buying, whereas with land you could have to wait years.
I was expecting a video on why you never invest in LAND (as in Gladstone) not land, and wondering what was wrong with it per your POV. Too early and need more sleep. :p
Land don't depreciate. Right. However, you can be tax free on appreciation at the moment of sale by using (exchange code ) from the IRS. Building is much lore easier lenders or builder may finance you the cost of building through some banks Etc
This could be so different around the world. What if you invest in land for the purpose of farming? Or as a long term investment as in for future developing areas?
All your points are logical and acceptable, still you or me won’t go and buy a land in a remote forest and wait for decades, right? You can let your land to a farmer and earn regular passive income too.
I completely 100% disagree with you. Land is the ultimate investment, that why you can not borrow money to buy it! You do not understand this equation completely. Where do you put serious amounts of wealth? I am not talking about @flipping_pennies now 👨🏼🌾
He has no desire to live on the land. He’s coming from an investment point of view to get that bag. If you want to live and build a home then it’s a good move
Doesn't make sense owning land if you're not intending to do anything productive on it. Just bought land but it's gonna have an apartment building with 10-12 apartments within 6months
All I'm going to say before you watch his video and listen to his reasons this guy is definitely not as successful as Bill Gates and Bill Gates along with other very rich successful people are buying all the land so I don't know if this guy has an agenda or what but I'm going to copy successful people and say buying land is actually what you should do
Although I agree with a lot of these things, I have to say some times I purchase land just to have it. It's only so much land the world has, Once you run out then that's it. So I purchase a lot at good prices.. I've been lucky enough that the city purchased land from me because it was a good location for a walking trail or park. Other than that having multiple amounts of land that I can use for person reasons is awesome enough. Especially the ones that are not restricted
I've looked into buying land its a lot of things that you have to consider. The city, county, and if they there HOA have a say as to what you can do and don't do on the land. Zoning laws for the land and changing the zoning laws cost money and in most places you have to have a specific amount of land in order to build on the land. There's utilities that may or may not be going to the land, if like me you don't care then its possible not a problem. In some cases there's a specific time frame you have to have a home built and permits have to be approved by the zoning committees. Other than that realtor fees, survey fees, closing cost, and so on pile up on the land cost and its always a long term wait until all these things fall into place. Don't forget having the land staked and soil test with mineral rights to consider. Access to the land, who owns the land, access to the land, and what vendors or services you have to use to get items and utilities to the land if you want them. Then there's rather or not the city or county has emergency services to the land available for that area you've purchased the land. Overall with all of the hidden factors in land purchase its difficult to get exactly what you want unless you do buy land in areas that are like desert or dense forest that none will bother coming out to your location to state your in violation of laws for homesite. Its odd that many locations don't allow camping on your land while you build on the land within the US.... you have to get a permit for a small construction office build that you work out of for the build of the home and renew that each 6 - 12 mo in order to see it come to pass but when dealing with people for a lingering period of time the relationship can sour if you don't move fast enough to a point the county or city take you to court or fine you none stop. Then there's taxes and back taxes that you have to worry about with the fact that some things within the location may be a danger to you like insects, snakes, and spiders. If nothing I stated seems like a hassle to anyone have at it with some "cheap" land that would be 1K dollars and accessed for 150 dollar by an accessor stating your land purchase as is really is worthless. Any realtor or wholesaler not willing to be forward with you, including the larger ones such as Coldwell Banker, Re-Max, and Berkshire Hathaway...yeah they also selling cheap land or those associated realtors that attach themselves to the big name just to get people to purchase land that is worthless. I come to a conclusion I may get the car for 2K dollars, fix it up, then camp in it for a while before the land purchase.
Thank you for watching! If you enjoyed this video, you should watch - How I'm Investing My Money In Today's Economy: th-cam.com/video/KfdYVBJZKCE/w-d-xo.html
What if its used as collateral?
The land I own is great passive income because it’s farm land.
Retweet
noice!
Fred Vanderwerf Awesome!
Farm land is not passive income.
Jim Ross if it’s bringing in income then it is. You can rent your farm land to farmers
Land is fine if you are willing to put it into production. Grow trees on it, lease it to hunters, raise cows, etc. Most of my rich friends have several hundred acres, best part of being rich is having a big spread where you can get away from people.
Agreed. Can also use it as grazing land for tax benefits. Can buy where u are sure the government plans to expand. A better point would be "Don't invest in land without proper education." First u LEARN then u drop the "L".
I know people who lease land to farmers,solar panel companies, wind energy companies,car dealerships,timber companies ,mobile home dealers etc...I think land would be a great investment if used right!! Little to no competition in Land..give me land all day so I can make money lol
Chris Gilliam Man Stuff Yes!
I agree
Am
Looking for land myself
Agreed.
Dude, please return to older video style. So much movement makes me headaches. To much pumped...
Dário Letras
I agree
I agree
No offense but this guy should just stick with stocks. He's generalizing land when there's several different types. That's like comparing penny stocks with FANG stocks. Contact me if you'd like to learn about land in the right locations. Predeveloped land in the direct path of growth next to existing infrastructure with approved and funded plans for more developments coming in.
When buying RAW land make sure you pay attention to how your area has it "coded" it, i.e. residential, commercial, rural, agricultural, etc. Before you buy raw land, make sure that whatever you want to do with it can legally be done. Make some phone calls to your county planning office to their planner and/or engineer. Land is a great investment, IF you get the right type. BK
My nick name is Bk and I love you for that reason.
Wow.. great video.. but I'm still waiting on my coffee to brew.. and you seemed like you have already drank 4 cups this morning, lol
😂😂😂
LOL
"People who succeed have momentum. The more they succeed, the more they want to succeed, and the more they find a way to succeed. Similarly, when someone is failing, the tendency is to get on a downward spiral that can even become a self-fulfilling prophecy." --Tony Robbins
Chillout Meditation Music 🙌
Can we talk about how not every damn piece of land needs to have a house or hotel or business on it? I'm going to be buying land just so all these jackasses don't cut down every tree there is to make a quick buck.
Of course you are, because you have no money. Therefore you dont care how much income your capital produces. Anyone who INVESTS in land actually cares what it produces. Owning land costs you property taxes upkeep etc.
@@richardvargus7443 Your assumption that only poor people care about the environment is ridiculous, and there are other ways to make money with land that doesn't involve developing it into something soley man-made like a hotel. Examples would be orchards or tree farms or an adventure camp for kids.
I’ve got my 40 acres and I don’t regret buying it. Gonna build a shipping container home and use it as a weekend getaway. I’ll give it to the kids when I’m gone. Speculative or not. Land in a good area is a great investment.
The fact that it's a boring game is exactly why I'm interested in it. I'm too simple too take on properties. It seems like too much work haha
Thank you for the video. It's nice to see a different take on the subject.
I don’t know. Where I live land has become a rare commodity and worth grabbing if you can.
Where is that?
@@Platos-Den hawaii
@@richardvargus7443 Hawaii is the only place I know where they're actually making more of it, lol.
Your energy is EVERYTHING!!!!! Yes!
"Earth turns to gold.....in the hands of the wise."
- Rumi
*Someone I know was looking to broker a deal on a property for 5M about 10 years ago...the other day it sold for 53M!!*
My cousin bought his first small farm 40 years ago for $50,000---he was a high school teacher who grew up on a farm...now he owns 15-- large 100 acre and 250 acre farms, makes monthly passive income from house rentals and land rental to local farmers that carry the costs/made a profit---all while the price of land appreciated from $1000 an acre to $50,000 an acre...do the math! All worth about $40 million today....
@@craighunt6098 Nice!
Win some. Lose some. Losers don't "brag". Winners brag.
You moved too much in this video I.e distracting 😬. Content is good.
Great video, Jaspreet! You did make great points here. Some people may get confused between real estate and land investments, so this is really helpful!
:)
Yeah I definitely learned something from this.
No offense but this guy should just stick with stocks. He's generalizing land when there's several different types. That's like comparing penny stocks with FANG stocks. Contact me if you'd like to learn about land in the right locations. Predeveloped land in the direct path of growth next to existing infrastructure with approved and funded plans for more developments coming in.
I have land passed down from my family and while I don't have plans for it yet, I believe after I start building up my real estate portfolio hopefully we can make use of it.
That is amazing! I'm curious did you find a use for the land?
I can give you about 72 reasons why you would invest in land and you’d be mad not to do so. I also own quite a chunk of real estate. Block of ocean side land I bought for 98k 2 years ago now worth 170-180. Was a mortgagee sale, highest capital growth I have on all my properties on a percentage basis right now over the two years.
I started off my real estate buying bare land. I buy real estate for appreciation not cash flow so that’s why. Thanks J
I personally think it depends on where you live. For example I wouldn't purchase bare land in New York but I would in Florida
The reason I buy land is to grow my own food. Can't trust many of these farmers now days that are in bed with Monsanto. Also the reason why not to many people are interested in land is because majority of banks don't loan out money on land. You have to pay cash for land.
@town crier Good thing about land is you can always pass it on to your kids. Teach them how to grow food. Also anything goes on your land. No one will tell you on what you can and can't do on it.
NAILED IT! As a real estate investor I’m looking for cash flow and/or capital gains in my investments and I normally like to see my returns as quickly as possible. All 7 of your points I agree with! Thanks for sharing!
100%!!
Some time you have to go defensive according ecconomy
I bought a small forest. I never worry about fixing toilets, ordering heating oil, tenants making a mess, etc. And i can get free wood or sell the wood. I never worry about company mismanagement and corruption.
Great video
You should invest in land when your ready to develop it other than that single family home or multi family homes can be great investments
Gen Z Investing 💯
I agree 100.
*I never understood why someone would buy land, unless they have a lot of money and can wait for someone to buy this land.* 🤔
Yeah, not for everyone!
Content is good, just please stop jumping around so much!
I dont agree on this point.
if one invests in agricultural land one can collect rent from farmers who use the land to grow crops. or one can invest in agricultural land REITs such as LAND (Gladstone Land Corp) or FPM (Farmland Partners). I think the arguments you made don't fully apply to agricultural land. It can earn income without development in terms of building construction. what do you think about agricultural land as an investment?
I love your videos but in this one you are moving so much that it is hard to follow what you are saying.
You know Jaspreet gets excited ..LOL!!! and.that's a good thing .......
You may want to slow down the video
clark clarke lol I forgot when he gets on a topic he likes haha.
Keep hustling, my daily uplifting message.
This is the first video that I disagree with which speaks volumes of how great your channel is. Buying land like anything else is all about location if you buy in the right location at the right time especially if it’s in the city limits and it’s pretty much Buildable with utilities on site you can make a profit off of land within a couple years or less just like purchasing property it’s all about doing your research and location location location. Now I do agree you should also have property that’s cash flowing I don’t think that if you’re only buying land that’s a good move but if you’re mixing it up with flips rentals and land purchases if you’re getting it at great prices in the right location I would not advise someone against making a land purchase
Why you can’t stand still.
This is exactly why Bill Gates, (third richest person on the planet) just spent almost 800m on farmland...
With balooning population land is gold or titanium for me ...i love large spaces i can put anything or grow anything with no limit. I love agriculture and doing business . Land is an eternal asset your children and granchildren will surely love.
From my experience builders have dibs on lands. So that they can have the same agency sell the home once it's build. If there's land for sale to the general public it means builders didn't want it.. Stay away from it.
Buying real land means you don’t pay taxes on it because you OWN it. You only pay taxes on things you don’t own. It’s a common law issue (supreme court) and most people think to use fiat currency to buy land which is impossible in the first place. He’s teaching the resident/residue game which means temporary or not permanent, and this has been the crux of this country for the last 150 years since the civil war. But for most people I don’t think they will fully understand the importance of land and those across the water who you pay your taxes to appreciate it dearly.
This guy is full of do do crap! My father use to say when you own land u have everything. You can sell it,develop it, build on it, you can lease it. There are many avenues you can take.
Spot on video.. couldn't be more correct, I agree on every point
Dude, please keep telling other people to not buy land. Keeps the competition down so I can keep making great land profit$
That's not true you can not deduct property taxes anymore on your annually Taxes sense 2019. Thanks to trump
I had a terrible experience with land, bought 6 acres years ago, intending to convert from residential to commrcial, it never happened, it depreciated drastically, from 350k to 17k.
Wow! What a learning experience
You bought 6 acres for 350k ? Lol
Still available for sale at $17K? I am interested 🤓
@@MisfitRecords On a boulevard ,They were going to build a new city with 20 000 homes , then the market crashed
@@anthonykallingal4263 It was sold at the auction 6 years ago, now it s worth 25 or maybe 30k.
Omg 😮 What if you want to buy Land to live on ? 🤔
*I know someone that cashed out about 1B by buying thousands of acres...*
Me to spend 9 yers back 400k
Sold 2018 1.340 mil.
Woohoo
@@shanr2343 *wow nice. Lucky you!*
1B... waaaw that's mad
Plan on developing in Jamaica. Always great content.
Don't agree totally. Lands are beating the markets
What if you buy the land, grow crops and livestock on it then sell them businesses like supermarkets, hotels, restaurants, etc?
What if you become so proficient at that, you start exporting goods?
He's talking about raw land. I have PRE-DEVELOPED land which is much different. That's like comparing penny stocks to FANG stocks. He's dead wrong.
Depending on the state, you can get get an agg exemption and pay almost nothing on property taxes. Also, you can rent the land to a farmer or rancher to maintain that exemption while making rental income. It's not hot and sexy but it's stable and a nice addition to the sexy stuff. It's called diversification, not boring.
Learned the hard way when the city wouldn't allow me to park my semi trucks on land that I bought
Land has utility if you plan to use it, low overhead cost to hold and low stress if you can’t handle dealing with tenants.
Any thoughts about buying land and building apartments/ duplexes?
This is very bad advise your giving out.
Great video. What is your opinion on land flipping? I’m seeing quite a few YT people discussing it as better than house flipping.
I guess it could work if you know what you’re doing!
its all about location, location, location.
If you mute this it looks like a music video
This is definitely a different perspective on land.
I have 37 country acres mostly woods and downhill. The only thing that I can think of using it for is letting family and friends go deer hunting on it. What else do you guys think I can do with it?
Great video. Very informative.
I understand all of your viewpoints. I also understand that you want a constant cash flow.
But isn't land a finite commodity?
The lower the supply of land, the higher the cost.
1.Raw land can still be rented recreationally or agriculturally WITHOUT any improvements.
2. You have little to no liability.
3. They’re not making anymore of it.
Idk man, my family land makes us plenty of passive income. Hunt clubs pay 4x the taxes just to lease it. And out west, they lease to grazing or farmers. My personal land actually gives me a lower tax rate because its listed as a tree farm since a majority is wooded. So no only do i get to harvest timber but i get a lower tax rate
Once I noticed he kept stepping to and away from the camera it became comical
Yes and no, im looking for something no one has touched yet. So I can develop it myself and just chat up investors. At the end of the day I want my company to control it.
You are absolutely right!
I should have listened to my wife and not bought a 5-acre piece of land, but I'm hard-headed and I bought it anyway. I purchased it for $32,000. Held onto it for 15 years and paid financing fees, taxes and other expenses at a cost of about $50,000 total. I sold it a few months ago for the best offer I could get of $9,000. Deduct the taxes from last year and this year and the real estate fees, I walked away with a little over $4,000😢
Huge lesson learned!!!
You didn’t have an exit plan in place , Land is an excellent investment. You could of sold that land on a note seller financing
@@primegotem8842 correct, I didn't have an exit plan in place and in the end, I just wanted to get rid of it and didn't know all my options
Land investment is the most safest and always grow. When you have land, you have confidence, can do something in future. It will help you to feed you back. Keep some land in your portfolio. It's hot right now.
I bought land to build a multiplex to my standards, knowing it wont cost me money down the line
Awesome!
What do you think on land for commodities portfolios?
Why not an apartment complex instead where you get cash flow (and you own the land below the building)?
Good video, as usual, but you can cut the trees down and make money from the property while waiting to see if anybody will buy it. You made good points.
It is a different situation in my country, since we don't have taxes on lands yet, if you own less than 10k meters of undeveloped lands, so I think it's not a bad idea 🤔, moreover the majority of wealthy people are lands owners. However, I think it's much better to be a real estate developer but the issue is that you need to have a lot of cash to do so
If I were rich enough I would buy and maintain land for my heirs like a BOSS!. It would be more for my legacy than a super wise investment
Raw land no. Farm land yes.
It so happens you also must pay taxes on the land your rental property sits on also. As for depreciation it must all be recaptured in taxes at the time you sell the property
Love this! Can you create more videos based on business as well, please? DOs and DON’Ts, things new business owners should do, any course recommendations for facebook/instagram ads and SEO? Thank you!
Thanks for the tips! Ads are changing every couple weeks - so look for a course that's updated often. For SEO, read as many articles as you can that are ranking well - see what they have in common.
Minority Mindset thank you so much! 🙏
You didn't really talk about income-producing land, such as farm land or land that grows timber. I'd like to hear your thoughts on those.
I know a family that became multi-millionaires overnight due to selling land. They used to be mere peasants, but they did well and bought land a little with every generation and in the meantime, the cities spread out and started merging with their land in between...
Land doesn't depreciate, yes! Sounds good until you realize the tax implications.
HERE IN CENTRAL FLORIDA, people have made MILLION$ on land speculating - with a "twist". They buy "raw" undeveloped land, clear it via bulldozing & burning the debris, and then PLANT PINE TREES. The State of Florida - Forestry Division will even plant the trees for FREE - but you have to give them a share of the income when you sell the trees for pulp or lumber. THAT WAY, they actually have PASSIVE INCOME - albeit, it takes about 10 years to grow harvestable trees ! (Later on, they hope to sell the land to residential & commercial developers - so they WIN both ways !)
My uncle once bought a land in Philippines but ended up selling it. It’s exactly what you said jaspreet!
No offense but this guy should just stick with stocks. He's generalizing land when there's several different types. That's like comparing penny stocks with FANG stocks. Contact me if you'd like to learn about land in the right locations. Predeveloped land in the direct path of growth next to existing infrastructure with approved and funded plans for more developments coming in.
@@investwithjinesh7401 I Would love to connect with please let me know how we can connect like on FB or Insta ZOOM
??? Why Guru???
Great video but you are moving too fast. You are speaking to fast. Thanks for the info!!! I did sub! But please slow down a bit so we can hear you (and catch your jokes). Oprah said get a piece of land. I want to buy to build my house. I want land to build my church.
You are under estimating how diverse your audience is. Depending on geographical locations raw land can be a very good investment. Rent to farmers, Plant pine trees, rent it to ranchers for cattle holding, harvest hay , lease it to hunting clubs for thousands per year. Not to mention if power lines or pipelines ever need to cross it , taxes are low and you don't have people complaing to you or trying to sue you every other day. Some folks like the slow motion money...
All is relative,
Nothing wrong buying property land.
But you shouldn't buy blindly for investment.
You can rent it out also.
Investing in land and investing in the stock market have alot in common in my opinion.
It would be nice , clear and informative if you explain it normal.
Seems like buying land is like buying an individual stock and waiting for it to go up.
Actually, at 4:09 he says the exact opposite. Individual stocks usually have buyers immediately interested in buying, whereas with land you could have to wait years.
Some individual stocks payout dividends so you are actually getting passive income.
I was expecting a video on why you never invest in LAND (as in Gladstone) not land, and wondering what was wrong with it per your POV. Too early and need more sleep. :p
Land don't depreciate.
Right.
However, you can be tax free on appreciation at the moment of sale by using (exchange code ) from the IRS.
Building is much lore easier lenders or builder may finance you the cost of building through some banks
Etc
This could be so different around the world. What if you invest in land for the purpose of farming? Or as a long term investment as in for future developing areas?
All your points are logical and acceptable, still you or me won’t go and buy a land in a remote forest and wait for decades, right?
You can let your land to a farmer and earn regular passive income too.
Slow down, Jaspreet, you're causing my head to spin with the pressured speech and quick movement, it's tough to watch.
Slow down, friend.
I completely 100% disagree with you. Land is the ultimate investment, that why you can not borrow money to buy it! You do not understand this equation completely. Where do you put serious amounts of wealth? I am not talking about @flipping_pennies now 👨🏼🌾
I dont buy vacant lots either. It does not cashflow, and you are stuck paying property taxes every year.
He has no desire to live on the land. He’s coming from an investment point of view to get that bag. If you want to live and build a home then it’s a good move
This didn’t age well haha
Thank you for your perspective!
Doesn't make sense owning land if you're not intending to do anything productive on it. Just bought land but it's gonna have an apartment building with 10-12 apartments within 6months
All I'm going to say before you watch his video and listen to his reasons this guy is definitely not as successful as Bill Gates and Bill Gates along with other very rich successful people are buying all the land so I don't know if this guy has an agenda or what but I'm going to copy successful people and say buying land is actually what you should do
62 years?! WTF are you talking about? Pre-developed land takes about 7-10 years on average
Build a tiny home community on your small lot, let all the hippies have drum circles in exchange for good vibes and heady jewelry. Boom. Profit.
What if you buy land and build rental property on it?
Although I agree with a lot of these things, I have to say some times I purchase land just to have it. It's only so much land the world has, Once you run out then that's it. So I purchase a lot at good prices.. I've been lucky enough that the city purchased land from me because it was a good location for a walking trail or park. Other than that having multiple amounts of land that I can use for person reasons is awesome enough. Especially the ones that are not restricted
I've looked into buying land its a lot of things that you have to consider. The city, county, and if they there HOA have a say as to what you can do and don't do on the land. Zoning laws for the land and changing the zoning laws cost money and in most places you have to have a specific amount of land in order to build on the land. There's utilities that may or may not be going to the land, if like me you don't care then its possible not a problem. In some cases there's a specific time frame you have to have a home built and permits have to be approved by the zoning committees. Other than that realtor fees, survey fees, closing cost, and so on pile up on the land cost and its always a long term wait until all these things fall into place. Don't forget having the land staked and soil test with mineral rights to consider.
Access to the land, who owns the land, access to the land, and what vendors or services you have to use to get items and utilities to the land if you want them. Then there's rather or not the city or county has emergency services to the land available for that area you've purchased the land. Overall with all of the hidden factors in land purchase its difficult to get exactly what you want unless you do buy land in areas that are like desert or dense forest that none will bother coming out to your location to state your in violation of laws for homesite. Its odd that many locations don't allow camping on your land while you build on the land within the US.... you have to get a permit for a small construction office build that you work out of for the build of the home and renew that each 6 - 12 mo in order to see it come to pass but when dealing with people for a lingering period of time the relationship can sour if you don't move fast enough to a point the county or city take you to court or fine you none stop. Then there's taxes and back taxes that you have to worry about with the fact that some things within the location may be a danger to you like insects, snakes, and spiders. If nothing I stated seems like a hassle to anyone have at it with some "cheap" land that would be 1K dollars and accessed for 150 dollar by an accessor stating your land purchase as is really is worthless. Any realtor or wholesaler not willing to be forward with you, including the larger ones such as Coldwell Banker, Re-Max, and Berkshire Hathaway...yeah they also selling cheap land or those associated realtors that attach themselves to the big name just to get people to purchase land that is worthless.
I come to a conclusion I may get the car for 2K dollars, fix it up, then camp in it for a while before the land purchase.