Land Creates Millionaires - Land Banking is Buying Land in the Path of Growth

Land Banking is the strategy of buying and holding pre-developed land for future sale. Land desirable for "Land Banking" is that which lies directly in the growth path of rapidly developing cities. The key is to identify these parcels well in advance, wait for their values to mature, and realize a significant profit upon the sale. California is growing by six hundred thousand people per year and half of that growth is coming to Southern California. "There is always a path of growth in California." Historically, Residential Real Estate and the stock market have not appreciated at nearly the rate of pre-developed land in the path of growth of the Los Angeles metropolitan area. ...

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