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Banking On The Price Of US Land Rising
May 12, 2009Article by Ray Withers
Some good advice is to buy land because no one’s making any more, according to author Mark Twain.
Two big names that followed that advice were Bob Hope and Donald Trump, who both bought up huge tracts of land for US land banking in California before the cities began to expand.
The technique is called ‘land banking’ and is quite straightforward –
* Identify land in advance of the developers
* Buy low
* Hold until the value increases
* Develop the land or take your profits and sell on to a developer to take the on the hassle and risk of building
The best areas for looking at land banking are directly in the growth path of rapidly developing cities – in Bob Hope and Donald Trump’s case that was Los Angeles.Investing in US land banking, is nothing new and opportunities are still out there.Investors can stand to make a massive 233% profit from a new exclusive US property investment deal.
Fairway Residence is a gated resort community set in the heart of the established Island Green Country Club, South Carolina, at popular retirement resort Myrtle Beach, South Carolina.Investors can secure a building plot at a pre-launch price of £21,000, exclusively through Property Frontiers. The plots offer the opportunity to either land bank or to construct a luxury home and take advantage of the uplift associated with property development.
Investors will have the option to develop their plots through a joint venture between Property Frontiers and one of South Carolina’s most experienced developers Tower Developments. Options will include three and four bedroom-detached houses.The development offers world-class golf and is minutes from one of America’s finest beaches.
Unlike many land development opportunities the infrastructure and luxury facilities are already in place, including a clubhouse, indoor and outdoor swimming pools, tennis courts, a fitness centre, and a business centre.Pre-launch land plot options available from £21,000 for a limited time onlyComparables on the same development are selling for $89,000 (£63,000).This exclusive offer is limited to a few plots and represents great value for money in the current US distressed property market by coming in at 66% below market value plus offering further scope for development profits.
Island Green is set on over 200 acres of beautiful rolling hills, rivers and lakes, and offers a stunning location to relax. Surrounded by nearby golf courses, trekking and fishing locations, guests can truly benefit from its secluded location.