Land Investing?

[John Chin]

What is your opinion about investing in land?

I've invested with an overseas company before and it worked out ok. The return was decent, but my friend who invested with a local Edmonton Company is receiving a $100,000 cheque just after 4 years now when he initially invested $45,000. When he did tell me this, it did intrigue me to learn more and i met with someone from that company and he showed me quite a lot of good opportunities and confidence.
Especially seeing investors getting a return more then double their original investments in 4 years.

It does seem more easier then going out and doing all the work of researching and purchasing my own land and rezoning and getting ASP's approved etc etc to make a profit which i don't have time for, since they apparently develop themselves.

Anyways, from this information does this sound like a pretty reasonable good investment i should consider?

[Ryan A.]

It all depends on who you're investing in, right? Is somebody developing and selling the land? What are they building? What is the company's track record? Can they offer previous investors names so you can check their credentials? Most investors need reassurance.

There's always good deals out there, just use common sense and do your homework.