A small-scale land investment bible centered on real-world examples
All about profitable land for your retirement!

Why "Small-Scale Land Investment"? The author, a veteran real estate investor and developer with 18 years of experience, wrote this book to share his methods and know-how for building wealth through small-scale land investment, serving as a guide for novice investors.
The author, who has experience in various auction investments, including commercial properties, houses, and land, says that he turned his attention to 'land' due to the many shortcomings of commercial properties and houses.
What are the advantages of land over commercial and residential properties?

Once a commercial space becomes vacant, it may not be rented out for several months at the very least, or even for over a year.
Also, the management fee is much higher than that of a house, and various taxes are also high.
Housing is highly competitive, so the winning bid is high, profits are low, and depreciation exists.
If it is not a house to live in, you have to rent it out, but if there are leaks or defects, it is difficult to deal with and manage them.
On the other hand, land is incomparable in terms of profitability.
Since there is little competition, the winning bid is low, and since it is not leased separately, there is no burden on management.
Above all, it has the advantage of being relatively free from government policies, regulations, and market conditions.
If you can grab a property with good liquidity, you can make several times the profit in a short period of time, and if the economy improves, land prices will naturally rise, allowing you to expect even greater profits.

Some say that a lot of money can be tied up because land cannot be leased, but that is not true.
We need to break down preconceptions first.
If you get a re-appraisal six months to a year after winning the auction, you can raise more loans and recover your entire investment.
Best of all, you don't have to worry about it while you have it.
Of course, there is a lot to study to buy good land that you don't have to worry about.
The small-scale land investment cases and know-how covered in this book will be of great help.
This book is full of small-scale land investment examples that will surprise anyone who has ever dabbled in this field.
This is the ultimate small-scale land investment bible, tailored to the eye level of beginners, so that anyone can easily put it into practice.

According to data from the Korea Real Estate Board, land prices have been steadily rising every year.
Although there are regional differences, broadly speaking, the land market has steadily risen without experiencing a recession even after the 2008 global financial crisis.
Looking at the land price fluctuation rate, land is more stable than other real estate products, and although it stagnates depending on market conditions, it rarely falls.
--- p.20

Many people think that investing in land requires a lot of money.
I can confidently say that it is possible, even with small amounts.
If you look at self-made multi-millionaires, they didn't start out with a lot of money and become land tycoons.
In the past, whenever people had spare money, they would buy land and achieve the wealth they have today.
In other words, what's important is not money, but attitude and vision.

--- p.53

Before selling real estate, I assume various sale prices and calculate the capital gains tax for each.
That way, no matter how much is negotiated, you can immediately estimate how much net profit you will make after deducting capital gains tax.
If you do not do this and trade based on your mood without thinking, your net profit may be less than you expected later.
In my experience, I've always regretted negotiating without calculating the cost in advance.

--- p.138

First, I checked the location on the map.
I thought it was okay because the road was long and the land shape wasn't bad.
After that, I went to the land connection site and looked at the land map.
A blue solid line was seen passing next to the land in question.
It felt strange.
When we checked whether it was a 'river zone', we found that more than 90% of the land in question was a river zone.
“Well, well, well,” he muttered to himself and immediately turned his attention away.
Land along riverine areas should be avoided as development is not possible.

--- pp.174-175

A blind spot is generally a piece of land that is not needed, but it may be a necessary piece of land for someone who owns the land surrounding it.
Another way is to purchase a blind spot and negotiate with the surrounding landowners to purchase only the portion connected to the road.
By changing my perspective like this, I began to see the blind spots that I had previously considered worthless in a different light.
I invested in blind bets many times and got great results, which made me more confident.

--- p.207

The reason I signed a contract for that land was because it fit my investment principles.
My investment principles are preservation of principal, immediate profit upon investment, high principal recovery rate, and high liquidity.
The probability of failure is low because we maintain investment principles.

--- p.274