When investing in vacant land first you should understand the zoning of the land. You need to make sure that the land is zoned for the type of development you have in mind. The second is to do your due diligence on the property. A vacant land is a great way to diversify your investment portfolio. For example, it can be an excellent hedge against inflation. When the cost of living goes up, the value of vacant land usually goes up as well. Vacant land is also a tangible asset that you can sell if you need to raise cash quickly.
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