General Concepts of Land Use and Investment 7 Regulation of land use in the private sector exists in the form of protective or restrictive covenants established by developers, restrictions in individual deeds (pri- vate deed restrictions) requiring the...
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General Concepts of Land Use and Investment 7 Regulation of land use in the private sector exists in the form of protective or restrictive covenants established by developers, restrictions in individual deeds (pri- vate deed restrictions) requiring the continuation of a specified land use or prohibit- ing a specified land use, and use restrictions imposed on a lessee in a lease contract. Real Estate Investment Objectives Real estate investors come in many varieties, ranging from the individual who buys one rundown property and fixes it up for resale or rental to the individuals or corporations who buy large commercial complexes such as shopping centers and factories. The primary purpose of any investment is to produce income or profit, bal- ancing the profit the investor desires against the risk he is willing to take. Real estate offers the opportunity to make a profit in three ways: appreciation, positive cash flow, and tax advantage. Appreciation is the increase in market value durin
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