Don’t Be The “Greater Fool”

The trick with vacant land is to understand why it’s vacant in the first place. You must have run across quite a few vacant lands that seemed attractive at first glance, but eventually you discovered that the reason nobody was using them was because you CAN’T use them. If one

(or more) of the issues are prohibiting someone from putting a property to good use, believe me – you don’t want to find out after you already own it.

When some people look at the prospect of owning land, they get wrapped up in the dream of property ownership. The idea of owning a large tract of property can seem very appealing, even if it is of no practical use to them. This kind of trap is especially easy for people to fall into with land, because it’s a low maintenance property and doesn’t seem complicated (even though there are a lot of factors to consider).

MANY people buy into the dream of property ownership – even if the investment makes absolutely no sense from a financial standpoint. If you don’t believe me, check out this guy who sells property on the moon:

Unfortunately, many parcels of land are sold to “the greater fool”. When people don’t do their homework and think things through, they can get hurt. Don’t be the greater fool. Always be sure you have done a reasonable amount of research and don’t take on a property until you thoroughly understand what you are getting into.

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