Land investment is hotter than ever. A new generation of investors are looking to begin their portfolios and many of them are finding success through land investment. With comparatively low costs to get started and little to no overhead, investing in Framingham land has become a very attractive investment option.
Question 1: What is the end goal of your Framingham land investment?
Question 5: How will you purchase investment land in Framingham?
Before you buy land in Framingham, you need to determine how you will pay for it. If you are looking to get a loan, the process is a bit different than obtaining a traditional mortgage. Many people use cash to pay for the land they buy in Framingham. If you are not paying in cash, watch out for buyers who are. They can be some tough competition when offers are being put on the table. Many people will favor the ease of a cash sale.
Have you been following the land’s value over time? Take a look at the past value and sales records to see if it is appreciating at the level you would like it to. If the value is staying pretty stagnant, you might want to look at a different parcel for your Framingham land investment purchase.