What’s your thought/experience/advice on purchasing land?

[Fletcher Foroude]

Hello everyone! I have a couple of questions about investing in land with potentials for future development and I appreciate your insights/advice; 1. Have you ever used raw land as an investment vehicle? What are the cons and pros of owning land in its raw form? 2. Where are the so-called “emerging markets” for raw land? How would you identify those markets? Thanks for sharing your thoughts and experience. Fletch

[Sam Shueh]

Unless it is zoned for commercial and the development plans have been approved, I feel the long time it takes to develop ties up your savings.  You got to pay property tax on top.....