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Imagine buying land in a growing city, and five years later that land has doubled in value. The career field that interests me most in real estate is land investment. I am interested in the factors that can cause a property to grow in value, as well as the profitable returns that are possible in this field.
Investing in land is one of the smartest things to invest it. There is a limited amount of land on Earth, and with growing populations land will only become more and more valuable. I think investing in the right types of land would be very important. I would try to look at expanding cities and buy land that is near enough to the city, so a couple years down the road when the city is expanding the land will be worth even more.
A practitioner of land investment has a fairly straightforward job. They buy land, wait however long they choose, and hopefully sell it and earn a profit. It usually is not individuals who buy land, it is usually an investment company, a bank, or some type of organization. Occasionally people with enough money can start off by buying land and hoping it earns money for them.
To be able to get a job as a real estate investor, most companies require a 4 business degree in real estate or investments. This does not apply in every situation, however, some people can get by without a degree if they start investing on their own. According to indeed.com, the average salary for a real estate investor is $66,000 a year. This salary can change based off of commission or how well the properties are doing, so the salary is not always set in stone.
This job is appealing to me because I have always been interested in investing. When I was 13 my dad opened a stock market account for me and let me make a few trades on it. I am also interested in real estate investing because I think land prices will only go up, especially in the long run, making the potential for profit very high.
As I said earlier, I would like to invest in land around growing cities and sell it later for profit. Investopedia.com had an article “10 Habits Of Highly Effective Real Estate Investors”, and one of the habits is to “develop a focus or niche”. I believe that focusing on expanding cities would be my niche. I could identify a growing city, such as Tampa, Jacksonville, or Charlotte, and buy land just on the outskirts of the city. As the city grows more residential housing will need to be set up, and that’s when it would be possible to sell the land and make a nice profit.
In conclusion, I think being a real estate investor would be a very interesting and profitable job. You never know when the land you buy will be worth double what you originally bought it for.
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