Buying Land is a BAD Idea. Do This Instead! (Part 2)
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- čas přidán 7. 04. 2024
- Buying Land is a BAD Idea. Do This Instead! (Part 2)
Buying land isn't the best investment idea. Do this instead
It's often been recommended that people should buy land due to its scarcity. With this in mind, you need to understand the practicality of owning land and of running a land-based business venture. In this video I break it down for you how buying land can be a risky investment because it may not generate any income and may not generate a capital gain when the property is sold.
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When you buy land for the sake of buying land, you lose money. If you don't believe it, please tell me so and why you think so.
U are right broker are not resting also i agree buy a land when u are ready to develop it.
I wish I knew this before my 25yrs.
Own a piece of earth by buying land, and trust me, the earth is owned by a few. Buy farmland no matter where the land is. I just bought 50 acres and am into maize farming and maize milling.
The problem is not buying land, the problem is when
@nkombe272 The problem is not when but now when it's still cheap. Farmland in Northern uganda two years ago, a Farmland acres was about 2m, and today it's 4m.
How about being able to buy the land without worrying about the price???
Dr Daniel,thanks for your videos. You make so much sense in them and you have inspired many of us a lot. But I must say that the title of this video is very misleading. The title should have been "DON'T USE YOUR FIRST INCOME TO BUY LAND" or " DON'T USE ALL YOUR MONEY TO BUY LAND" because this is exactly the point you are trying to make. Owning land is great but you shouldn't use all your money to buy a land if you don't have the means to utilise or develop the land. That would be tying down money, or as my grandmother would say, " putting your money in jail" 😂
But if you have money,acquire as much land as you can and quickly put them to good use in order to produce more money. I hope you agree with me.
Totally agreeing 👍
If you can, yes!!!
it is not obvious that starting a business it will succeed,it can still fail, i think life sometimes has no formula . some people start by buying a land subdivide it, sell it and get alot of money which can make him buy another land very comfortably and start a business
sure. there is no formula. It's about reasoning out the situation and going for the alternatives most likely to bring you success. Not gambling on your life though.
@@DrDanielMasaba correct
Thank you Dr Daniel for your advice.. it's so paramount
My mentality is in line with this video you've just shared Doc... For me buying land before creating more cash flow will surely cost me alot, a land is just an asset that does not even bring money.
couldn't agree more. This is profound
Thanks so much brother 💯💯💯
Thanks for sharing always
Always a pleasure
Perfect teaching❤
The part 1 of this point helped me alot to change my mind
Nice my friend
Your video quality is top-notch, and your personality shines through. Love it!
You really have avery sesentive point and few will understand you dear much respect
Thank you
It's a case by case basis, careful evaluation is indeed a must, your reasoning is good.
Awesome
Land is one of the most expensive things most will buy. Hence, it can limit your cash flow. Acquiring land could also mean a high opportunity cost, this can prevent most from leveraging business opportunities. In the long run its a choice between 'security' and opportunities.
well said.
You are a good teacher..Dr. Dan...i was inspired by you and bought 5 acres for sheep rearing and i started.. i thank God for you..❤
Wonderful!
Buy now when it's cheaper then it's will be easy to develop in future have done that at the moment I have 5 plots all of them are 60/60 and I maneged to build 3 houses in 5 years my salary $180 and I make $230 with broiler chickens after 6 weeks I know people differ the way they think.i think I did a good thing to buy when it was cheaper
How about you work on your ability to buy it nomatter the price?
Everyone has a way of doing stuff, for now I also buy and accumulate when its still cheap, the prices go up everyday. I am going to accumulate these land titles. Being out of the country, am not going to leave my money sit on my account and inflate each day.
You are correct 💯 my dear brother, buying land is not an investment o, but invest in farming and money made from farming will buy and build many houses.
This is very true
You still have to buy it. For farming to be possible, by the way its good insight 🎉
Me i stand with your point Dr
Dr Dani Tu nashukuru sana kwa elimu nzuri unayituoa Kuhusu Mafanikio Kati k a Maisha, Mungu akubariki.
Thank you
So educative
You are a blessing to me
🙏🙏
Thank you so much
You're most welcome
I agree with you 💯
Dr. I bought a land at a very high price just across my poultry farm. First year I planted corn and ginger and the profit I made was insane almost have of the cost of the land. I am now going to be buying land purposely for farming . Thanks for the video
Well done!
Yes Dr. Daniel, I still regret over $5000 i bought a plot just 15 months ago but now even if i want to sell the same plot they still pay me even more way less than i bought it. I wish i took a risk to set up a business.
But am nolonger regretting because i subscribed to your CZcams channel and soon I'll be stepping a head to my dream.
Dr.Daniel, you're so perfect i can tell you!
Oh yes. The most important thing is learn from the mistakes and let them propel you forward.
very true
Doctor Daniel we appliciate this video,i for one i buy the idea but doc can you please make for us a video on how to lease land especially in Uganda here in case someone is willing to do so please.thank you
sure. I'll consider that
You are right
Its better to create something that increases your cashflow and produces more money than to just buy land that you're not using immediately.
If the land goes up in value, our business will have also grown and we can take money out of it to buy land.
In this case we will still have a business that's bringing money in and a free land bought with the business profit.
Yes! Cash flow is King!!
Is a simple mathematics bro, and you got it just the same I actually reasoned it, you just said the fact whether anyone believes it or not
Glad to know many think the same
Did you buy the 400 acres or are you leasing out?
Bought
The mistake you can make is to buy land using your only money and be left with no More money 😅
Some one said If you can't afford to buy something thrice then you can't afford it because cash is King
You can use your cash to do anything to make more cash and get without cash you can't use land effectively and productively.
I was so judgemental at the begining but now I have understood you Doctor
First create stable sources of income then begin to buy assets later 🙏
THANK YOU DOCTOR ❤❤
Awesome. I hadn't heard about buying it thrice, but I think that's a great way of thinking about it
❤❤❤
Its true i made that mistake
never too late to learn. Your next decision will be better
PERFECT DOC 👍👍👍
a Nurse from Ghana.🇬🇭🩺🩺
Don't get demoralize from negative comments.
You are not telling us that buying of land is not good but in business perspective it is be tter to have a business that can bring you cash daily, even if it's on a rented land or house, Than having a plot and finally sell it out on emergency days.
It's better to focus on short term business for survival before going into long term business
Thank you Doc. It's My prayers that Almighty God grant you healthy long life so you can continue to save souls from poverty 🙏🙏🙏🙏
thank you. Always glad to see these awesome responses
Please can you ug not $
Says a guy who actually bought land and eventually left employment when his agribusiness started booming. SMH
😂😂
He used his father's Land abe
quite certain you didn't watch the video
@@DrDanielMasabaor he doesn't understand your point.
😂😂😂😂