11 Jun How important is road access in Land Property Deals
In Tax Delinquent Investment, it is important to find out if a certain property you are looking to invest in has access to a road. How would you be able to get to your property if you couldn’t find a way to get there? Road access according to
This road access is important to know if you are dealing with land properties. This should be asked from the sellers or the seller’s realtors. Why? These can be a point of reference for the value of the property and a price you will offer the seller. You should ask the seller if the road is either paved or unpaved. You should also find out if there is electricity available in the area, if not how far is the nearest power poll from the property.
One of the benefits of knowing if the road is paved, with electricity and is owned for over 30 to 40 years is that you the property will undoubtedly appraise higher. You could also forecast how much you can sell this property for in the future. It is indeed like a gem in your hands.
When you find out that the road access to their property, then you know that in the Tax Delinquent Investment business, this is a good find. You are in the business of buying low and selling fast at close to market value. Although, not having road access might bring the price of the Tax Delinquent Property way low, the selling price would also not be so profitable. This might not be well suited for your investment goals.
A prime property model you should consider to add to you Tax delinquent Investment portfolio is that the property should have the 3 basic necessities: Road Access, Electricity and water source. With these three complete amenities, you are sure to get rid of your investment in no time for a hefty profit. Your Tax Delinquent Investment property will be equipped with the essentials for selling fast and big time profits.
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