Comments on: How can I buy a cheap piece of land to get started in investing? http://taxlieninvestingnews.com/questions-and-answers/how-can-i-buy-a-cheap-piece-of-land-to-get-started-in-investing/ Current news on Tax Lien Investing Sun, 20 May 2012 15:39:56 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: Jacque w http://taxlieninvestingnews.com/questions-and-answers/how-can-i-buy-a-cheap-piece-of-land-to-get-started-in-investing/comment-page-1/#comment-81 Jacque w Sun, 24 May 2009 20:49:38 +0000 http://taxlieninvestingnews.com/questions-and-answers/how-can-i-buy-a-cheap-piece-of-land-to-get-started-in-investing/#comment-81 To invest in land, you will need at least 45% down payment. Land is a huge risk for banks, you dont have anything but the land for collateral. For Short sales, tax sales, forelosure, etc.... you will likley need all cash to purchase. What is your plan for the vacant land? If you intend to build on it, construction costs are skyrocketing while housing is leveling off. I know a builder that has 3 home on a parcel he was able to subdivide, the subcontractors have placed mechanics leins because the original estimated materials cost more then they bid the job. He currently can not break even, so its likley the houses will go to the banks. To invest in land, you will need at least 45% down payment. Land is a huge risk for banks, you dont have anything but the land for collateral.

For Short sales, tax sales, forelosure, etc…. you will likley need all cash to purchase.

What is your plan for the vacant land? If you intend to build on it, construction costs are skyrocketing while housing is leveling off. I know a builder that has 3 home on a parcel he was able to subdivide, the subcontractors have placed mechanics leins because the original estimated materials cost more then they bid the job. He currently can not break even, so its likley the houses will go to the banks.

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