They say the root of all wealth is in land, but is that really true? As a potential buyer I wanted to know if financing a land purchase would be good for my portfolio and decided to check it out with my calculator. I first averaged out my current investments. I assumed a 10% average on the retirement's accounts and stock market over the next twenty years as well as 3% on my savings. Next I used a property for sale in Arizona to calculate the land values for the last twenty years. It was an increase of 20%. Finally I had to consider the interest on financing a land purchase which can vary greatly depending on who the seller. I found a company selling the above lots at zero interest (www.sunsiteslandrush.com). I could not believe anyone would offer real estate today for no interest and no money down so I had to check them out. They were a member of the BBB, Arizona Chamber of Commerce and several other organizations. In the end it makes sense to purchase land as part of my investment portfolio and I choose Sunsiteslandrush.com because of the great zero interest offer.
Financing A Land Purchase
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August 2010
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