Lucerne Valley Land Investing in Known for alfalfa CA Real Estate and land, Land Article Part 1

Buying Lucerne Valley land is simple, but one mistake can become a poor investment. For example, vacant land can have several unforeseen problems. In the high desert, we have yucca trees which are protected by law. Special permits are required to move them and only by a yucca tree specialist, even if the yucca trees are dead. A costly simple oversight.

Sources offering foreclosures, tax sales, auctions and bankruptcies. Many of these properties have hidden problems. So you could be buying someone's problem. Before wasting a lot of time, you need to answer one question. Why did the owner loose the property? From experience, Tom can tell you that most of the good properties are gone before you ever see them. That's why the "so-called experts" make their money selling books and foreclosure lists.

Some people sell land using LAND CONTRACTS. Land contracts are usually used to finance land sales. Key issues to know: 1) A Land contract is another way of financing property without using a deed of trust. 2) Land contracts gives the note holder (property owner) more security because the owner can retain title until the note is paid in full. 3) In a land contract since the buyer does not a deed, the buyer has some limited use to the Lucerne Valley land. 4) Land contracts can be written vague, so the buyers should understand the terms in detail..

More people have been financially successful in Lucerne Valley real estate than any other investment. So why do people shy away from investing in Lucerne Valley land? There are several reasons, but the major reason is lack of knowledge. Most people have been sold that if you buy this land today, it will be worth millions tomorrow. This is called speculating. Speculating is buy today and HOPING the value will increase someday.

Tell us that real estate will increase in value over time, so speculating in Lucerne Valley land should make us money. NOT ALWAYS TRUE! Speculating is the #1 reason why people buy land and are disappointed. Most people know someone who bought land years ago and these people are still waiting. Speculating has given Investing In Lucerne Valley Land a bad name.

You have to have a strategy, a plan of when you will sell. Your plan needs to define your target buyer (Commercial, Industrial Development, Retail Stores, Manufacturing, Office/Warehouse Facilities, Business Park, Airport Complex, Residential), all cost, zoning and demographics so that you can determine your purchase price. Always remember, the money is made in the buy and not the sale. The sale is the payoff for making the right buy. This is called investing, not speculating.

If your thinking about buying Lucerne Valley land, building a home and then selling it for a profit, consider this... You're too late... We already have numerous homebuilders that have many years of experience in this business. If you have never built a home and sold it, how can you compete against the experts? These builders know all the in's-&-out's of the business. As a new business venture, your idea sounds very risky...

That you may be able to build multiple homes on a parcel. That's, most likely, after you have rezoned the parcel and have applied and have received an approved tentative tract map. This requires money to hire an engineering company and takes at least a year or so to get approvals from the city or county. Only after you get an approved tentative tract map, will you know how many homes can be built on a parcel.

That Lucerne Valley land is already zone for track homes. WRONG... We have RAW LAND that is zoned for rural living. For example: The SB County has a zone called RL (Rural Living). This zone allows one dwelling per parcel. The parcel can be 10 acres, but only one home can be on it. The land will probably be re-zoned one day, but today it's one home. Investors buy and sell land based on future potential growth. Developers buy land, rezone, re-parcel and sell to builders. Builders buy lots that are ready to build.

Lucerne Valley Land Part 1

Investing in land