Wednesday, January 7, 2009

LAND BANKING


Why Land Banking ?

- Low Taxes

- No Utility or maintenance costs

- Often owners are willing to offer creative and affordable financing.

Land Banking has been a popular method of holding investment funds, used by everyone from Donald Trump, Howard Hughes and Bob Hope; who all bought up large areas of land in what are now highly lucrative areas including New York, Southern California and of course Las Vegas.

Buyers need to be aware of issues such as zoning restrictions and future development in the area of interest.

During a time of uncertain banking regulations, and bank stability, land banking is one way to stay grounded in today's economy.

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