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"There was a vacant
lot
opposite my home which could have been bought for five thousand
dollars. A
month ago, a man bought it for twenty-eight thousand, two weeks later,
it sold
for sixty thousand. I take off my hat to him. He saw it was a gold
mine! It
didn’t look to me like any thing more than a vacant
lot".
Bruce Barton,
considered a
man of many talents, having been a successful Advertising Executive,
Religious
Writer, Copy Writer and United States Congressman, was cited as having
related
the above story.
According to
investment
experts, land investment profits are generated by an immutable law
which says: “Real
Estate values must rise in areas where population increases at a rapid
rate. If
the present rate of growth continues, which seems almost certain, many
people
will make a great deal of money on land investments.” Being
aware of this
natural law and being aware of what is going on in Pahrump must be the
factors
that fuel the rush of investors to buy land in Pahrump. The town has
been cited
as a “boomtown”
by the Wall Street Journal, and the
next
“ Henderson
”
by the Las
Vegas
Sun, it, being the second fastest growing community in the whole
country today.
Investors from all over the country, and many others from outside, have
been
very active in the Pahrump real estate scene.
Investing in Pahrump
land
is
not only for the big investors. There is room for every one depending
on one’s
purpose and budget. As an example, one can purchase a quarter-acre
vacant single
family residential lot for less than $20,000, depending of course, on
location
and availability or proximity of utilities. There are several types of available vacant land
based on their
designated uses, like a multi-family lot- for apartment rentals,
starting at
$35,000, commercial and industrial lots, which cost more, or raw lands,
which are
usually undeveloped and comes in big parcels.
It may well be
reassuring
too, for the would be investor, to reflect on what Marshall Field, the
founder
of a chain of department stores and the wealthiest man in Chicago in
his time,
had to say about real estate; "Buying
real estate is
not only the best way, the quickest way, the safest way, but the only
way to
become wealthy".
***Investing in Land - Precious Properties***
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