If you’re ready to take the next step and dive into multi-family investments, you may be wondering where to look for your first (or next) property.
You’ve read up on land, did your research and your gut is telling you this is a great investment opportunity. Land will become more scarce as the world continues to populate at an ever-growing rate.
People are investing every day. A lot of people put their trust in a mutual fund manager that takes out a large commission. Others will only tuck away money in their 401k for retirement. The issue is that by not being a hands-on investor, you’re leaving a lot of money on the table.
Many people invest in stocks, bonds and other investment products, but one of the most important vehicles is often overlooked: land. Land is a limited resource, and owning a piece of land can be a very worthwhile investment. But, you're also taking a great risk when you invest in land.
California has the largest population of any state in the United States, and the land mass is ranked third. There are 163,696 square miles of land in the state. While some areas, such as San Francisco and Los Angeles, have extremely limited land opportunities in an affordable price range, there is more than enough land for sale.
California is wealthy, expensive and a hotspot for real estate. You'll find that there is more to California than the ultra-rich areas of San Francisco which demand million dollar investments. And California has it all from beautiful beaches to mountains and some of the largest cities in the world.
Real estate prices are on the rise, and in a lot of states, the prices for homes have surpassed pre-bubble prices. The market is skyrocketing, and this is a great time for investors that want to make a lot of money through land and renovating homes.
Situated in the northern Antelope Valley, California City has a relatively small population of just 14,120 (as of 2010). Despite its small population, the city is the third largest in terms of size – 203.631 square miles.
California has some of the fastest growing real estate cities in the United States. Southern California's real estate is soaring so quickly that condos are now over a half a million dollars in price, and this is far too high for the average person.