Wayne Gretzky, arguably the greatest athlete that has ever dominated sports, has an amazing quote I think about all the time. He said, “A good hockey player plays where the puck is. A great hockey player plays where the puck is going to be.”
When we apply this thinking towards land investing we start to consider investments outside of the box. No longer are we interested in property that is located in populated areas, but now we are interested in where the growth is going to be a year, 5 years or 10 years from now. I just acquired property outside of Las Vegas 15 min. from Kingman, Arizona. I love the fact that the property is located near the Grand Canyon, Flagstaff and Hoover Dam.
Clearly, I’m investing where the growth is going to be not where it is! The key of course with any investment is buying at the right price. That is the difference between speculating and investing. There are no guarantees of course, but Wayne Gretzky was also famous for saying, “You miss 100% of the shots you don’t take!”
So, when you are looking at making a land investment think like the Great One and hopefully you will score a an amazing land investment simply by following the simple principal of buying where the growth is going to be not where it is now!
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