Land can become a fantastic investment. Many of the world’s wealthiest individuals have made their fortune from buying and selling land. Year over year, land typically produces income for those who rent it or develop it. As the supply of land decreases while the demand increases, land can continue to increase in value over the long term.

Owning land is the quintessential American dream. When you own land, you own a part of America. When you purchase land in the U.S., it is yours forever unless you sell it. There are many reasons why land is beneficial. A few of the most popular reasons for buying land include:

● To pay for a child’s college education or your retirement with the profits from selling land

● To custom-build a home for a vacation, retirement or primary residence

● To use for sporting activities such as hunting and fishing

● To realize tax advantages

● To use as an investment for a self-directed IRA