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When considering the purchase of a large parcel of land, it would be wise to think about a technique which has some degree of risk but tremendous profit potential. It is called the land option.
What is an option? It is siniplv a legal paper that gives you the right to purchase a given parcel of land for a given price during a specified period of time, but not the obligation to buy the land. The cost of the option is generally applied to the purchase price if you exercise the option, if you do not exercise it. the option money is forfeited.
Why is it a good technique to use? Because you “reserve" land at today's price for
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