Buying Land is a BAD Idea. Do This Instead!
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- Опубликовано: 9 мар 2024
- 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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I truly believe buying land as your first investment is a Terrible Idea. What do you think? Leave your thoughts in the comment section below
I like the specification on 'first investment'
I my self am a living example, I'm doing a watchman job in the UAE at the beginning of 2023 i purchased a piece of land worth $ 4000 it's now 1 year down on the road. I'm not earning from it yet for the business in 1yr i can be able to expand, So land as the first investment can really stop 🛑 your Cashflow.
Dr.Daniel having you will make me succeed and reach my goals.
@@GoldfarmUgGod bless you
I want to buy it for farming as my first business
My comments is that you make no sense
Land is a safe investment, having your own land gives you the freedom to build permanent structures which help you utilize the space and earn more.
I know a lot of poor people that own land in the city center,since it’s a safe investment do that
@@aggreypayo5440 Land in the city is worth fortunes, some people keep land to pass it onto their kids, people have different goals in life, not everyone is obsessed with money but to each his own, i also know people who tried businesses and ended up with nothing, everything collapsed.
@@aggreypayo5440To each his own, everyone has different goals in life, i also know people who tried businesses and lost it all, Land in the city is worth fortunes.
@@aggreypayo5440 To each his own, everyone has different goals in life.
@@aggreypayo5440We all have different goals in life.
Guys, buy land.
😂😂😂😂😂😂
watching this while waiting for my title deed in tbe office😂😂..but i have to do so since i want my own home
This man is very humble,i met him in tororo and stopped him to appreciate him,i was so happy to meet and greet my online teacher 😂
Is he from Tororo
No, from mbale
You think deep economically and you're not stingy with your knowledge. May God bless your kind heart.
Thank you
Remember you started farming on
your father's land,you never
rented....
Me i first bought 1 acre,utilized it optimamly,the profits i got from my acre helped me buy another land from my desirable place
Which project did u do on that land.. and after how long did u accumulate the money to buy another piece
@@latelateshow.5523 I did poultry(layers) and piggery full time.I first earned from selling piglets (NB:I started with 20 pigs inclusive 5 males,310 layers),later on I started selling eggs.All this happened within 1 year 8 months
this man started business but he didnt buy land not because he already had his farthers land the point is he started abusiness to generate income thus he can be able buy land any time ihave seen very many people who regreat of buying land first 😊their frienfs who start their business are much far better some one who has business can grow faster than one who bought land as an investment bampita ashro sitya loss
Great insights..I wish I knew this earlier. I feel I made a mistake in buying land first, but it's a mistake I won't repeat.
Well, each day is a learning day
Refreshing. Thanks Sir!!!
Thanks Dr Masaba you're one in a million
That's your opinion I respect it but as it stands in Africa Land is a must have whether domant nor developed I salute
Living in Africa without land is useless life.
Thanks dr Daniel for the knowledge dished out. God bless you
Always a pleasure
Cash is always king. HOWEVER I moved money from my savings account earning pittance in a US bank and parked it in the purchase of an acre of land in Africa…close to the airport. Every time you blink its value goes up. Five years from now I doubt I will be able to afford the same acre of land unless I win the lottery!
Awesome. But your case if far from ideal. The fact that you could put money and are very comfortable waiting 5 years means that you had many options. It's different if this is the only money you have.
Correctly said,if you have extra bit of it then buy that land because you still have remaining money to cater or do business or cash flow stuff
Gold is always King (not cash)!
10000%
I needed to hear this,thank you
Thank you Dr Daniel. I enjoy your contents and never miss one of its. Greetings from France. I hope I will meet you during my next journey in Uganda. God bless you.
What you're saying makes sense. My question is about developing land you are renting. How do you drill borehole, build structures on someone else's land, but those things are essential for the business to function. What happens when you eventually have to leave.
If you look hard enough, it's possible to find people with literally all the facilities you need but are not using the place. Maybe due to cash issues. They are usually willing to let u rent it for a while.
Yo cash inflow will pay all yo development expenditures in short time.
@ Not Logical At All.. Buy Your Land And Be Safe, Paying Rent Can Finished Little Money @@DrDanielMasaba
Thanks for the powerful advise
Great insights Dr. Masaba.
Thank you
Great Mr. Masaba ❤❤
in my life I had never got a real practical person like this Dr. LONG LIVE HEALTHLY DR.
Very true.
I learned my lesson the hard way.
Well, at least it was a lesson
Land is a fixed asset that can be used as collateral security in acquiring a loan
Wapi fine in one way or the other you are right but me in 2013 I bought 100 acres of land very cheap I planted a forest of eucalyptus I've been making money in the tress actually the money I used in buying I already got it in selling trees actually times 3 or 4. Now the land appreciated like 10times now. It depends anyway. Buying land is the most idea I have ever done one can't go wrong.
Josephine good job
Correct and makes sense ,thanks Dr. Daniel
You're welcome
Thanks for good advice
Hi Dan, am am early subscriber right from farm up,
Big fan and practitioner along the lines of your content,
The world should be proud of this value.
Well am setting my self for content creation, I have deeply done some bulky research, but I just need to perfect mu editing skills just like you do...
Any local relatable clues you can hit on around Kampala???
Regardless... Big thanks doc.
Welcome aboard! Clues about what exactly?
You've given me a couple of good insights
Nothing is guaranteed. Even life is a risk on its own. Choose what works for you and live life joyfully and peacefully. Not everyone is business oriented, others don't desire to acquire or amass wealth or riches in life. Just do what works for you as long as you are healthy.
I choose to fall under Dumb people such that i can make it to the top 🔝.
Buying Land is the biggest Evil 😈 . Thanks Dr.Danile
Always so glad to have you❤
True u have to be careful with land coz its not liquid it can be a liability instead of asset when it cums to land u need deep knowledge first and a solid plan
I really see the point in what you are saying,thank you.
This is very true Dr
Great video loaded with business consulting knowledge. All I thought was if you could change the title, so that it can flow with all the information we have learnt. EG Liquid Money/Cashflow better than Savings on Land
If it was like that I wouldn't have watched it. I was attracted by the "do not buy land" title and wanted to hear the why? A simple proposition but seems to oppose common sense and knowledge. That tempts people to watch it.
Very informative
Thanks for sharing
A pleasure
@@DrDanielMasabayou are WRONG
I've been watching you for almost two years now but never comment or write something ! Damn it's like you are talking to me. OMG . I'm in the USA for many years and I use my money anytime to buy land in Africa! And I'm here stressing about working overtime and paying bills . Yes my land in Africa can cost more than $90000 if I sell it. ..I ask myself questions after watching your video . Then why am I here when money is sitting somewhere doing nothing ! Thank you bro for this video .Happy Ramadan 🎇
Thank you. I love the illumination. At least there is something to ponder upon. Happy Ramathan to you too.
No comment. Thank you Dr. Daniel.
Good advisor sir many people never knows
Great idea is here
Thank you mr Dan
Welcome
Dr. Masaba, you're a brilliant man that understands Business and Economics. I wish I knew you earlier in my life, I would have been rich by now. I still have hope of making it in life with your help. Thank you and may God continue to bless you.
You are very welcome and you will make it
Thanks for your idear sir
Well explained I was confused of the way am thinking
Alright!
Am here to learn 😊
I understand dr isn’t saying you shouldn’t get a land but he wants us to understand the opportunity and power of cash flow which I didn’t know before but I understand better now thanks you sir
You're welcome
Every one has a different success story this is one of them to inspire others to not give up...thanks
Absolutely!
This video must get 1M views
Educative ❤
To me renting a land for farming business is big risk. that a farm must a void can you imagine you build all the things that is needed on that land.then the owner want his land what are you going to do with all the buildings?is better to buy you're on land no matter how it takes you will start your business without any problem
My small pottery farm is under construction on my own piece of land so I drill a bore hole because am far from water source around my area.
I wish I can start with 500 birds but am struggling 😅
@@macab345Don't start with 500 birds. 200 is a good number to start with then you will just need one employee who you can show the ropes to running the poultry your way.
By the time the project is into it's second year you may then up to 500 birds,employ one or two more hands and make the initial employee a manager of some sort .
If you're struggling to buy 500 birds it will be a shattering struggle if the birds start dying. 200 birds are easier to manage to get used to being a poultry farmer.
Thank you for your advice 💗
But Doc ..... this information is of much help, right now i can get to decide on what i will do when the right time comes.
But tell me who edits these videos of yours. I think they are awesome very communicative from my video editing small skills that i know
This is very insightful🙏🏾
Glad it is
Good exposure
sometimes you can buy land because you want that land, without considering the 5 factors.
Thats ur opinion..land is the best investment bro. 😮
Hi Dr. Daniel, what about the big farm? You've not made any video of it lately
Oh yes. But I'll soon make some
Seeing the thumbnail, i thought why you are talking about land in bonsai related video.😂
Some reacting emotionally and not reasonably. The talk does not say buying land is always a bad idea. But if that is your first money you get and you have no chances of getting money in the near future, starting a business on rented land or using your parent's land may be a good idea as to be assured of continued cash flow and later on you can keep on buying your own land. Buying land is almost always a good idea, but not always as the whole talk elaborates. Listen carefully from the beginning to the end .
Thanks for watching
U are an inspiration
Thank you, Dr. For the brilliant idea.
Having got that information. Can l invest now without having business.
Yes, absolutely
Thank you very much doctor for explaining about buying land and I am one of them who was trying to buy, but I understand very well and I now have to make money online first, wonderful advice, I love that, I Leteni Pittard connecting from PNG,
You're welcome
Great idear
I get you man
How are you Danniel, I'm running a shop in Kenya, would you please help me know the way to make it a bigger company. Thanks
What does the shop sell?
I agree 💯.
It exactly happened to me sometime back. I poured all my hard earned saved money into plots of land then after a little while I ran short of cash to solve a few major setbacks which proped up. I learned a hard lesson. Not to pour all but a little bit then stay with some bit of cash saved because cash is the king,it solves almost all issues coming up in life.
True. Cash is king. If you are disciplined with it, you'll go places
good lesson learnt and applies to everything always have a surplus
A lot of rare circumstances, this left me confused
Land is king its the only thing man cant create...the land God created long ago is still the same thing...land is as important as water and air ...buy land
As long as land is not being used in production,it is called a dead asset
Hello sir I have a question.How did you manage to save your first capital.Through the bank ,sacco or fixed deposits or cash am finding it hard to save little by little,I would like to follow through your footsteps.kindly.Am your addent fan from Kenya I have more than 100videos especially from this channel and farm up.
I was earning a salary. I'd just leave it on my salary account. Discipline
Dr Daniel,I'm saving thru a bank account, but I heard a Money market fund will yield more on savings,but I'm an amateur, what's your take? Thank you.
Doctor Thax for the presentation kindly recommend me to where I can buy F1 kroilers breed
Please doctor Dan which layer feeds can I buy at cheeper price so that I can mix My self because I have no any machine
Go for feed concentrate for layers otherwise the rest are tiresome.
The opportunity cost of buying land is cash flo forgone. Vice versa is true
It's your opinion. Because you were blessed to have a father who already had hectares of the land you use to do your farming. So why advise the public not 🚫 to buy Land. I think it's selfish honestly speaking 🗣️
It's clear you didn't understand the video!!
Thanks
This is pure truth, buying land depends on what you want to do with it. Those who buy land and leave it idle that's a dead capital. Nowadays this life need cash flow to grow and multiply your money. Have made a mistake as well investing on land, the money i spend on the land if I had invested on bonds would have doubled the amount in four years. The land haven't appreciate doubled of the amount i paid for it.
you did not buy in a prime or strategic location
Have just subscribed went through you videos All I can say who ever it is editing is good
Thanks
Imagine paying a loan on idle land..not me
If you do not intend utilizing the land immediately then it can be a waste of money. Leasing land does not tie you up and you can have a return on investment in just a few months by growing a crop. I totally agree with you Dr.
Thank you for watching and your contribution ☺️
New subscriber❤
Welcome aboard!
How about if you buy the land and develop it and actually use the proceeds to contribute to reimburse the loan? Just thinking outside the box.
Awesome idea. But if you could develop it, highly unlikely that you'd opt for a loan yo finance it
You are not land or real Estate specialists. One man bought 100 acres for 50M for 5 years later the land was sold at 800M now tell me was that money sleeping or making money passively daily in 5 years
I think you didn't understand his video. He's not saying don't buy land. He's saying we should consider certain factors before we do cause not all pieces of land will bring you money and that some will have to grow their money before buying land.
I've seen people who bought land and then sold it but still ended up broke in their old age.
In short, don't just wake up and buy land cause everyone is saying buy land.
Who is this one man? I doubt this story is true.
I do not use salary to pay down my landed property... Interst made from business on monthlies is used
Mr Daniel ur right
Great idea, big up dr Daniel
Big thanks
@ Buy Land If You Can Afford To Buy It, Renting Land Is Dangerous.... Especially In Cities
I just come to RUclips to watch your videos
I prefer to rent farm at first, make more money then buy land for an expansion. Thank you Dr Daniel
You're welcome
This applies to the youths with little to buy and develope the land immediatelly
I know at the end of the day, he will say buy land, after years of research I did: I conclude that land, bitcoin and resourceful company share is another way of deflation
Do not buy an asset with your pressure money if you are thinking of long term
That's your unique case cause you had a trustworthy relative plus one thing you keep off your discourse is that you have a filthy rich business partner. That doesn't however mean you don't have great practical points!
All cases are ideally unique. None is the same. But it's about the underlying principles, not the specificities
True❤
This one na werey economists😂 abeg shift jorr
Dr have 5m as capital can you help me on how to start my layers poultry farming
In as much as you have a point same you dont look at it in from a long term investment level. Is it investment wise to take loan to buy land? Noooo!!! So ur heading really doesn't match all you saying. If you working getting salary it is wise to save to buy land. U talking about development, wil u buy land in an underdeveloped area and not farm on same land? Pple can buy lane even in develop area while still working and lease or rent it out to earn rental passive income. Once a strategy works for you doesn't mean that is d best strategy to generalised. We have pple who take loan with interest from bank to buy land n engaged in land flipping, buy and resell and they make fortunes out of it without owing the bank a dine, will those pple now come out and say taking loan from bank to buy land is the best?? Same Noooo!!! Everything is about individual passion and knowkege acquired to strategized!! Like me if i get loan from a bank i know land to buy to make good returns n pay bank back but not everyone can cos i have my own link of client already..We shld teach pple how to maximize and not handly all topic about finance..You into farming biz better you stick to that n enlightened people how they can make use of that one plot laying idle or the space left on a plot after building a house on it. I love your channel but we need learn from one another..Great job
Reading this, you've just echoed what I said in the video. Awesome 👌🏽
If i have my 10m ugx and i want to start a farming business how can i use it to succeed "I have no land"
I've made videos about that on the Farm Up RUclips channel. Check them out
There is something spirtually wrong about buying land. We must avoid investing too much of energies into any one thing. You loose balance in life. When you buy land it will take a lot of your attention that you could have used for other things. Land can even cause a lot conflicts in the family after you are gone.
Dr, Daniel I think you missed the 2nd factor be because I didn’t see it
I hate to admit it but you're right. Buying land depends on individual circumstances. As a start up or someone with limited capital, then land is not for u
with land u can never go wrong cause any business needs land to be set-up including farming. so there's no way that land is a bad idea ,that mentatlity has left many to die in rentals all their life cause they do n't have space to build on a business
I thought you could only expand your farming business with more land