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One of the nice things about investing in land is that it rarely presents management problems. However, since it will produce no income, it should be bought only if you are financially able to carry the debt.
For the typical investment, you have to put down cash amounting to 25 per cent to 50 per cent of the total cost of the land, with regular payments on the remainder until the entire debt is paid. But if you prefer to pay taxes on a long-term capital gain, rather than ordinary income, then land can be an attractive investment.
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