It is affordable. An easier way into the real estate market is buying vacant land which is cheaper compared to the land that already has buildings and other structures on it; Your insurance rates and property taxes will be significantly lower if you buy vacant land to build; If you can pay out the full amount of the vacant land in cash, it means you can immediately own your investment; When you buy land, you do not have to worry about repair works, tenants, and other issues that come with owning buildings, and it is easier to obtain a building permit.