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Although Raw Land can appear attractive, it is crucial to approach it with caution. Before investing in raw land, you need to evaluate all the variables thoroughly, especially if the land seems like a great deal. Some of the factors that require consideration include surveys, title policies, flood zones, quality, and suitability for your intended use. Besides, it's critical to factor in the cost of any potential improvements or upgrades that may need to be made and the value it will add to the raw land.
It's important to note that just because a piece of raw land is cheap doesn't always mean it's worth investing in. To make an informed decision that will benefit you in the long run, it's essential to vet all the variables carefully. Do your due diligence, and you'll be on your way to owning the perfect piece of raw land.
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DISCLAIMER The contents of this video are for strictly educational and entertainment purposes. This video is not intended to provide financial, accounting, tax, or legal advice. For financial or legal advice consult with financial advisor or lawyer.