Private Air New York

www.privateairny.com Private Air | Summer 2024 81 Words By: Eric Metzger, CEO & Founder, MRLO Partners, Author of Landing Legacy – Mastering the Art of Statement Properties Centered Around God's Gift of Mountains, Rivers, Lakes, and Oceans A s a true land investor, your acumen in delving into each layer of analysis, while having the vision to see the potential in a parcel, will elevate you from a crowded arena to an esteemed echelon in the realm of land investment. Investing in land is an intellectual pursuit, a game of wit and skill. Your ability to discern value where others see none, to see potential where others find risk, turns land investment from a game of numbers into an art form. As with all art forms, mastery comes not just from talent but from a deep understanding and practice of the craft. Land investment is a pursuit of a deeper understanding that transcends the superficial veil of market prices. It is an art that illuminates the true essence of a piece of land, well beyond the sticker price. In the mind of the artist, market forces and intrinsic value combine to create and reveal the true value of a parcel of land and portend its potential while providing a glimpse into the possibilities. We've all heard the expression, "Everything is worth what its purchaser is willing to pay for it." at famous quote isn't just true for existing or developed property, it especially holds for the art of land valuation. Unfortunately, land investment is still permeated with conventional wisdom and continues to rely on outdated traditional practices. Among these are appraisals, a longstanding touchstone of land valuation. Yet, as an investor stepping into this realm, it's important to ask, "Does the conventional lens of appraisals truly capture the essence of land's value, or does it merely skim the surface?" INVESTMENT ULTRA-LUXURY LAND INVESTMENT: PIONEERING PRESTIGE IN STATEMENT PROPERTIES

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