land properties? Should we buy raw land because it is scarce or because of other factors? This book covers

these issues and popular myths including, but not limited to:

Myth 1: All Real estate equity is important including rural land property.

Realty 1: Equity is an ILLUSION and it doesn't matter when we concern ourselves with rural land and

servicing a need for people to live. Cash flow is more important.

Myth 2: Buy land including rural land because it is scarce. This is a no brainer.

Realty 2: For rural land, it depends on several factors including access, layout of property, location, development

potential, and price.

Myth 3: Price of the property is the most important part of any real estate purchase including rural land.

Realty 3: Althought important, price only accounts for 20 percent of the overall analysis.

Myth 4: Intelligence is the most important trait needed to succeed in the rural land property business.

Realty 4: From personal experience, Persistence, Patience, and People(People skills) are more important.