As you follow the writings of LCF Group (we own rural real estate and market it "For Sale by Owner" www.va-mountainland.com),you will see how we begin with a vision for a certain type ofinvestment,and then follow through to the end with reporting, thenre-investing, a satisfactory profit.
Whenyou dream of an investment in rural real estate, understand that thesearch is an important step in the investment process, and that "rightthinking" during this time will pay dividends in the future:
Weplan to document our finding, purchasing, developing, marketing andselling of "Old Crooked Road Farm" (pictured above) in Franklin Countynear the Blue Ridge Parkway-- please understand that we have alreadyinvested time by cultivating personal relationship with its priorowners to come to a mutually beneficial agreement for our purchase ofthe property. Over the years working with real estate, suchrelationships have been the key and often endure for some years beforethe transaction, and a great many years after. The reward of thisrelationship goes beyond just buying the land, and often results inreferrals of one kind or another.
The number of sourcesfor property to buy are many, and listings are endless, so a goodrule of thumb is to begin with a broad selection (so you feel like yoursearch was comprehensive) and then narrow it quickly.