How to build wealth through property investing – without sacrificing your lifestyle ?
So why do property investors buy homes rather than just land?
The reason being is that in a residential property investing we need a two-fold strategy, yes only the land does appreciate in value but we need to create a mechanism for servicing the cost of holding it, vacant residential land will not entice anyone to rent it from us because they have no need for it, for this reason, we build a house on it, now people will want to rent it from us and pay us a substantial amount so we can then cover our servicing costs of holding the property.
This is the reason that I strongly advocate investing in detached residential properties only where there is a substantial land component, the more land the better. Just imagine if you owned one flat/apartment in an ageing block of 20 flats, your portion of land ownership would only be 5%