"Landlords grow rich in their sleep."

"Landlords grow rich in their sleep." -John Stuart Mills, Economist and MP

When and where you Land Bank is critical to the performance of your investment. The following illustration displays the advantage of knowing where, in the development cycle, a parcel of land exists:

 
Since there is little demand or market activity with undeveloped land, and your returns on developed land are closely tied to the cycles of prosperity and down turns in the local or regional economy, pre-developed lands the choice of experienced Land Bankers. What typically occurs in the Pre-developed or Growth Phase is a series of both planned and unexpected events that causes a parcel of land to spike in value such as public notice of a zoning change, announcement of the construction of a nearby school, church or fire station; or city approval for a new retail or commercial development. Therefore the earlier you purchase a parcel in the Growth Phase the more opportunities you will have to reap the benefits of multiple spikes in value.