Land development creates homes and places of business that allows us to survive and move forward. It is critical in the growth and progress of our society. Without those who are willing to assume the many risks of land development and investment, we doul not be where we are today.
Developing raw land is an extremely profitable business because it has to do with commercial real estate which is very valuable in and of itself, but also because there is a certain amount of risk that comes along with land development. Not everyone is capable of looking at the facts, conjecturing about the future, and able to make a move to capitalize on a specific piece of property. There are simply too many variables that could go wrong- and will go wrong, if you do not know exactly what to look for. Experience is truly the only way to feel confident in such a huge investment. Even the best of land developers make mistakes and can lose out on a lot of money.
Risk is what makes land development so profitable. There are simply not a lot of people who would be able to handle that type of risk easily. So what type of risk would you be looking at as a land developer?
The first and...
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