Normally there are specific reasons why a landowner gives up on their property. Some are due to financial problems, which can result in non-payment of mortgages or real property taxes and others are because of personal reasons. But whatever the reasons are and if the property is up for sale, and are interested in it there are things that you need to check before you do any investment.
One of the major things that you need to check is if the property has any environmental issues. To do that you need to visit the place personally and check with the city or county the property is located in. If you don't know what Brownfield is, a Brownfield property is a piece of industrial or commercial property that is abandoned or underused and often environmentally contaminated, especially one considered as a potential site for redevelopment. Usually cities have a list of these.
Below are some tips:
1. Check the surroundings if there are solid waste deposits;
2. Check if there are traces of industrial pollution;
3. Check if there are slum areas around the property;
4. If near if there are creeks or rivers near the property, check if there are flooding;
5. Test the water quality;
6. If if there are forest nearby check if their tree cover are green or brown;
7. Check for soil erosion if the property is sloped or nearby mountains;
8. Wildlife population;
9. Actual land uses;
10. Air and noise pollution
If the property you plan to buy passes this checklist then it is time for you to invest and make profit by reselling it to others.
About this Author
Jack Bosch began investing in real estate in 1999. Along the way he discovered a secret system of buying land for literally pennies on the dollar and reselling the property for thousands more. Since his first transaction he has personally bought and sold over 5000 properties using his fine tuned system. Jack to this day still invests and profits from real estate, however now he also offers his secret strategy of buying and selling real estate for huge profits to You! You can find his complete wealth building system at http://www.LandForPennies.com and at http://www.SecretLandProfits.com
Article Source: http://EzineArticles.com/?expert=Jack_Bosch
