Savvy real estate investors who seek to diversify their portfolios understand the potential returns and the unlimited number of creative
uses that land can offer. Often, these entrepreneurial investors combine
other business interests with creating wealth through their real estate
investments and develop a parcel of land to grow their business
further.
Whatever your investment strategy may be, you should have a plan that you follow step by step before ever looking at any land to avoid making
a mistake that could be financially devastating. Regrettably, history
tends to repeat itself. Therefore, it’s wise to enter this venture with a
keen awareness of land investor errors, learning from the errors of
others instead of your own. So read on as we explore these four common
mistakes to avoid when buying land in Belleville.
Financing
When buying land in Belleville, a common mistake is shopping without the available funds to purchase and develop the property or arranging to
finance with a lender. This scenario can lead to an emotional letdown
as you realize you’re looking at properties that are out of your price
range. A great way to avoid such an experience is by starting your
property search with highly seasoned local professional investors like
those at Cardinal Creek Properties, who will help guide you to various
financing options. In addition, a professional investor from Cardinal
Creek Properties can help you examine your financial situation and
understand the development costs. When you work with a professional
investor from Cardinal Creek Properties, you’ll know how much you can
afford to spend on the land, hold the property and still bring your
plans for the parcel to fruition.
Not A Profitable Investment
Failing to select the right location that will return the highest profit on your investment dollar is one of the common mistakes to avoid
when buying land in Belleville. However, a professional investor like
those at Cardinal Creek Properties will help you understand the
long-term value of the land and how its location affects your intended
plans; for example, if you are building a manufacturing facility, is the
location close to major thoroughfares.
Not A Fact-Based Decision
Even for highly experienced land sales and familiar with the market, buying land without first performing a feasibility study and then
following up with a CAD or critical area designation study is an all too
common mistake when buying land in Belleville. Regrettably, these
owners will be sticking themselves with a piece of land that they will
likely be unable to sell quickly and cannot develop. You can avoid this
costly misstep by working with a professional investor experienced in
land sales and development, who will help you perform due diligence and
run the numbers like those at Cardinal Creek Properties.
Going It Alone
Failing to work with a network of the most highly regarded pros in the land industry to help bring your vision to light is one of the
biggest mistakes to avoid when buying land in Belleville. Working with a
professional investor like those at Cardinal Creek Properties can save
you valuable time by zeroing in on the right property for your budget.
In addition, we will save you money because at Cardinal Creek
Properties, our professional investors never charge commissions. Helping
investors like you earn the highest possible returns on your real
estate investments is our motivation at Cardinal Creek Properties. And
don’t forget to ask about our current inventory of the best investment
land available in Belleville.
When you work with Cardinal Creek Properties, you work with a full-service team that moves swiftly to handle everything for our
investors while explaining the process step by step; we make the land
investment process easy. Call Cardinal Creek Properties at (314) 467-8137.
