Investing in Land

I've enjoyed looking at land for over 30 years. I look mostly at raw land in the Rocky Mountain area. The five parcels I have bought for investment purposes have usually doubled my money. When buying land as an investment one needs to understand an exit strategy that fits that particular property. It may be the best way to profit is to buy low and sell high. You may need to hold it a year or more to accomplish that. Or maybe the best profit is in building on the land by speculating that a new home on it would make for the biggest profit. You might be able to develope the land into a subdivision and make big money selling off the building lots. With any of these methods you must be aware that land has holding costs. You usually don't receive any income on raw land. You also don't have any renter headaches with raw land. Just be sure when buying land you can handle the holding costs like, taxes, mortgage payments and other fees that might be tied to that particular property. If you pick the right piece of land and do everything right you can make a huge profit with few headaches.