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5 Differences Between Owning Land and Single-Family Properties in Columbia

Investors who have followed a well-devised investment strategy will find themselves entering their golden years with a healthy nest egg and a monthly income that will allow them to enjoy their retirement with complete control of their future. Diversifying your investments among different market sectors is the key to building your real estate portfolio security. As you gain experience and knowledge in each market sector, you can move on to the next and create a bright future for yourself and your loved ones. However, no matter what asset you invest in, it pays to avoid costly errors by seeking the advice of professionals. Today we will explore two fantastic investment opportunities, so read on as we explore five differences between owning land and single-family properties in Columbia.

Cost

Raw or undeveloped land is a relatively low-cost asset that investors can often attain without a loan. 

Developed properties with single-family homes require much more capital, making the cost of the investment one of the most considerable differences between owning land and single-family properties in Columbia. Because professional investors like those at Cash Home Buyers live and work here in Columbia, their fingers are on the pulse of current market values. They are knowledgeable about upcoming zoning, plans for growth, and changing trends.

Maintenance

There is typically very little maintenance required to hold land; some may require regular mowing and clearing of underbrush. As a result, investors can expect the expenditures for maintaining a single-family rental property to run at about one percent of the home’s value per year, a significant difference between owning land and single-family properties Columbia.

Taxes

Taxes assessed on vacant land are typically meager than the annual property tax bill when improvements, which is another difference between owning land and single-family properties in Columbia.

Income

The monthly income that your investment can generate is another significant difference between owning land and single-family properties in Columbia. While the cash flow generated from vacant land can cause its source of income, single-family properties draw the attention of investors because of the higher potential level of monthly cash flow they can generate. The monthly receipts are nearly pure profit once free and clear of a mortgage, and with proper planning, this phase of ownership can coincide with your entry into living life as an entirely passive real estate investor. It’s easy to see how important it is for investors to build a competent and efficient team over the years. One they can rely on, like the professional investors at Cash Home Buyers, with the team to back up your dream.

Competition

The competition among buyers is another of the differences between owning land and single-family properties in Columbia. The majority of buyers on the market are looking for four ready to move into single-family homes, making competition for raw or vacant land much less intense. Whether you’re buying land or jumping into a bidding war for a single-family property, when you work with a professional investor like those at Cash Home Buyers, you’ll benefit from their high-level skills and ability to maintain a professional demeanor despite the most emotionally charged outbursts from sellers during negotiations.

Cash Home Buyers‘s highly experienced professional investors at Cash Home Buyers can help you explore the differences between owning land and single-family properties in Columbia. When you work with Cash Home Buyers, you bring a full-service team of pros from across the industry ready to move swiftly on potential investments. So working with one of our professional investors when you’re buying land or single-family properties will give you the peace of mind that working with seasoned investors like those at Cash Home Buyers can provide.

Contact Cash Home Buyers at (803) 889-0840.

Ben Lovro

Ben Lovro is an entrepreneur with a vision to improve neighborhoods and revitalize the communities that we live in. He has a clear passion for people and has developed effective strategies and real estate solutions in todays rapidly changing market. He is committed to being a lifelong student of Success Strategies and Leadership. Knowing what you want is perhaps the most important step in self-development; this takes much persistence and self examination. Once your desire to serve God overwhelms all other desires, you begin to step into your purpose and your mission in life changes. To be fulfilled in life you have to grow. The art of fulfillment is what develops our life into an expression for others to follow. Some of our greatest moments come from facing our fears and doing the things that scare us the most. You have been given one life, and one chance to tell your story. It's never too late to become the person that want to be.

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