Is it good idea to investment on land

  1. profile image44
    warispunjabthaaposted 7 years ago

    Is it good idea to investment on land

    in neighborhood had big homes actually called denver Nc .lot home forclosed in that area.this land is also forclosed and bank owned.Hao fee is 1275 anually.What you this if we got that $ 20,000 to 25,000.keep it for a while and sethen probility to make some mone out of it.Main purpose is to get $100,000 in next 10 years by spending $20,000 cash today

  2. profile image52
    fallsfellaposted 7 years ago

    A piece of land that has the potential for future development is always a good investment.

  3. Alternative Prime profile image75
    Alternative Primeposted 7 years ago

    The Earth is made up of 2/3 water and 1/3 land.

    We have way too much liquid and so little land available to develop. With a constantly growing worldwide population, I would buy undeveloped land, as long as it was in a sensible location, and that's just a matter of personal preference.

    Natural disasters such as floods etc. can happen anywhere in any town across the U.S. and the world for that matter. It's something to consider but always remember just because an area is not designated a "flood zone" doesn't mean your home can't get flooded out.