Mark J. Podolsky explains why water access makes or breaks a rural land purchase. Drilling a well can cost tens of thousands of dollars, and without potable water on-site or the ability to drill one, the land is basically only good for camping.
Tip #4
March 28, 2012
800-428-3760
Hey, it's Mark the Land Geek again. And we're going to talk about tip number four, which is near and dear to everyone's heart. The importance of water. So let's get started. So all this time I've been talking about fatal mistakes. I see the average real estate investor making online a good question to ask your seller. And it's a mistake not to ask the seller this question is, what's the water like? Is it potable? That is, can I drill a well? Can I drink that water? A lot of times you're going to find that some of these rural areas, it's going to take tens of thousands of dollars to drill down far enough to tap water. We can't go very long without water. So unless you have another option available to you such as trucking in your water, or you have some different type of plan with that property where your water needs are going to be scarce, don't buy that property. It's the basic building block of life and we need it. Property that we can't access water on. We're not gonna be able to put a home on it, we're not gonna be able to raise animals on it, we're not gonna be able to do very much on it. It's camping property, basically. So ask your seller how deep is the water table in this area and can I drink that water? So there you have it, water is the key and another key to life is control. Which is why I love buying land with stocks or bonds. You don't know what's going on in these companies when you make an investment. But raw land, you've complete control. You pick the location, you can make improvements if you want. You can choose what you pay for it, how to finance it and structure it. There's tons of flexibility and control with land and real estate. And you know, study after study says, you know, it's not money that makes us happy in life, it's a sense of control. If you want to learn how to get even more control of your life and your finances, learn more about the Land Geek elite coaching program. Give me a call, free 15 minute consultation and we'll talk about all types of strategies that I use for the last 11 years. And I've made tons of mistakes in that time, but I've learned from them and I'm going to pass all that wisdom on to you so that you can really make a huge difference in not just your life, but everyone else's life that you encounter. And it's just that's really why I'm doing this, so give me a call. 8004-2837-6080-0428-3760. And let's see if the land business is right for you.
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