03/12/2019
Land Banking
The name implies almost exactly what it is. Rather than putting cash into a savings account (where it will earn very minimal interest every year) or the stock market (which has become increasingly unpredictable), some entrepreneurs have taken an alternative approach by acquiring LAND. In doing so, they have chosen to park their cash in a tangible, fixed asset – one that cannot be broken, stolen or destroyed.
Vacant land gets ignored by most new investors because let’s be honest – it just doesn’t sound that exciting. Unfortunately, this causes most people to overlook a lot of the advantages that land has over traditional real estate investments (e.g. – houses, apartment buildings, condos, etc.). Unlike most residential and commercial buildings, raw land costs almost virtually nothing to own… no utility payments, no tenant problems, no termite infestations, no leaky faucets, no broken toilets..
Think about it… you can buy a piece of vacant land today, walk away from it for 10 years and when you come back, nothing will have changed, except for its value. Can you think of a safer investment?
Check out this video by Vince Rapisura when he interviewed a lady from Bukidnon who did land banking..
Si Ma'am Venus ay malapit nang mag-retire sa GSIS with almost 40 years of service as a public school teacher. Ibinahagi niya sa akin kung paano siya nag-land...
