How would you like to live on the water? This is a dream that most people want to fulfill at some point and that is why I highly recommend buying real estate on the water. Not only will this give you a better home right now, it will also be better when it comes time to sell it. Just keep in mind that real estate on the water is very limited and that is why you need to get it now and hold onto it as long as you can.Why Buy Real Estate On The WaterBetter View – One of the reasons why you should buy real estate that is on the water is because it will come with a much better view. When you are looking at another house right in front of you that won’t get you the biggest price tag, a view of the water will though. This is why a lot of people like to buy real estate on the water because they know that once they are done enjoying it, then they can sell it for a huge profit to somebody else that wants to enjoy the water just as much as they did.Higher Resale Price – Did you know that a view of the water will yield you a much higher retail price once you are ready to sell it? This is a good reason to buy houses on the water because you will be able to get more out of it when you are ready to sell it. Just keep in mind that it will cost more at first but it is well worth it in the end.Always Wanted – Being that real estate on the water is in limited supply, they are always wanted and because of that you can get a great offer if you own a nice property. This is why many people look for real estate on the water because they know that they might spend a little more for it at first but once somebody comes along and wants it, they will more than get their initial investment back.Buying real estate on the water is not for everybody and it will matter where your property is located. If you are buying a piece of property on the back of a swamp, then that might not increase the value that much, however, if you are buying a house on the water in Malibu, then the amount will increase drastically. Just know where is the best place to buy a house and how important water is in that area.
Buying land at public sales can be very rewarding and profitable if you get the right property. Tax forfeited land are is every state there is, and they are ready to be sold to the right bidder and the highest bidder. Buyers beware: Buying tax forfeited lands at tax sales isn’t what it was a few years ago. Today there are still many lots available to offer some profit potential.Distressed real estate is always a attractive deal, with a few exceptions. Do your homework with any real estate venture, it will save you money and time. One key factor to understand when buying real estate and tax forfeited lands: Back taxes can exceed potential value, and zoning restrictions may prevent development for profit.Best deal: Vacant land(tax at a low rate) in an undeveloped area targeted for build-up.Always investigate property before buying and with the utmost discretion to avoid alerting competitive bidders. My best way to determine the property value is its usefulness to me. Its not always good to calculate its investment value based on the inflation rate. Money intended for real estate investment might be used more profitably in other ways. Inflation may not affect a particular property because of location or other reasons.The rule of many best selling authors is to always seek advice from a lawyer, my advice….. set a price and stick to it, turn this into a budget project. Best way to make money in real estate or tax forfeited lands: Buy when times are so tough that insurance companies and banks are taking possession of properties they don’t want and are trying to sell them off quickly. The best places to look are regions that have experienced major economic dislocations.