If you had $15,000, where would you invest it, General Motors or Bel Air Land?
As we all know there is limited amount of Vacant Land left. Particularly in the Greater Los Angeles area there is less and less of it available. I have been selling these investment lots for over 13+ years it takes a long time to sell, it is not as liquid as Stock, nevertheless I never had anyone loose money on it. Every one has increased their net worth over the years. Including in today’s economic times, I found it to be a solid investment.
The value has been solid and not volatile. Can you build a home on it? It does not pencil out yet, since you have to build a road to the land. If you accumulate enough parcels, where you can build 3-4 homes then you can divide the cost of the road amongst the homes and then it will pencil out.
If you like to buy for long term investments, this is the safest way to go. This is better then Gold, Silver or Stocks, since there is no volatility. If you are interested get in touch with me.
If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at EndreBarath@TheMLS.Com or visit one of my websites at http://www.endrebarath.com A pet friendly Realtor who contributes from every one of his commissions to Local Animal Rescue Organizations!