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Buying land involves risks. Contrary to popular belief, land is not a failsafe investment. The Florida land boom of the mid-20’s was not the only time people lost money speculating in land. It happens every day. Here are some guidelines which may help in reducing the risk factor.
Generally speaking, the more you pay for a lot. the surer you are of getting your money's worth. If you pay x-amount of dollars for a developed lot with utility lines already in, you may be better off than buying the feme lot for one-half the amount before the roads and utilities are built out to it.
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