From “Air” to “Dirt” — Why Land Is the Ultimate Store of Wealth in Real Estate

In a world obsessed with cap rates and rental yields, the most patient and powerful investment isn’t a building—it’s the dirt beneath it.

Key Lessons from the ‘Real Deal’ Book (Drawn from Deal 11, Deal 32, etc.):

• Buildings Depreciate, Land Appreciates: Our Toronto Queen Street and Austin subdivision deals prove that strategic land holds generational value.
• Location Over Everything: Even a narrow, aging building in a transitioning neighborhood can outperform a shiny condo in a stagnant market.
• The “Builder Exit” Mindset: Some assets aren’t meant to be sold on the open market—they’re meant to be sold to a developer.

Actionable Takeaway:
Shift your mindset from buying units to buying dirt. Look for parcels with future utility—alleys, subdivision potential, or rezoning opportunities.

Interested in building a portfolio that lasts decades, not just flips? Let’s explore land banking strategies in growth markets.