It’s been said before – vacant land is one of the most overlooked and misunderstood real estate investments in the world.
Whenever I discuss the buying and selling of LAND, I get a lot of blank stares. There seems to be a widespread assumption that vacant land is a “weak” or even pointless investment because;.
- It doesn’t produce income.
- It just sits there and nothing happens.
- It’s flat out boring.
The truth is – some vacant land is capable of producing serious cash flow and the rest of it is one of the best long-term investments on earth because of its hands-off nature and versatility.
Don’t you just love the fact that land just sits there, and nothing happens?
The simplicity and stability that comes with owning the right piece of land, purchased at the right price, sometimes outweighs the myriad of problems that come with other types of real estate. If you have overlooked raw land as a viable investment opportunity in the past, take a few minutes and get educated about what land is all about!
Here are 8 reasons you should consider investing in land:
1) With Vacant Land, You Don’t Need to “do” Anything to the Property.
Forget construction! Forget renovations! You don’t need to be an expert or know anything about how to rehab a property yourself. In most cases, you really only need to know one thing: “Is the property suitable for building?” As long as someone else can build on the land if/when they want to, a huge part of the battle is already won.
2) Raw Land is a “Hands-Off” Investment.
Have you had enough of dealing with tenants, toilets, bugs, mold, lawn care, leaking roofs, bursting pipes, broken furnaces, and the hundreds of other issues that come with owning buildings? Vacant land doesn’t involve ANY of those things. Once you buy it… it sits there, it behaves itself, and nothing happens.
3) Land Investors Call Their Own Shots.
When you buy vacant land, you buy each property with your own cash and completely avoid dealing with banks and mortgage companies. When you know where to look for great deals on land, it requires very little start-up capital to get your business up and running. (could you afford $500 per acre?)
4) When You Learn How to Research Properties Effectively, you can Buy and Sell Vacant Land Properties Without Ever Seeing Them In-Person.
Using the tools that you and I have available for FREE online you can purchase vacant land. The beauty of land is that it doesn’t involve any structures. This means the inspection process is VERY simple – and if you’re doing the right research, you can easily buy your properties without ever visiting them in person. (That does not mean you shouldn’t hire a professional to check it out for you).
5) Add Seller Financing to the Mix and EXPLODE Your Income Potential.
When you combine vacant land that you own with the power of Seller Financing, it’s a match made in heaven. It can open up the doors to finding MANY more buyers because most banks are very hesitant to lend money on vacant land. Due to the scarcity of “easy money” financing, a land investor can use this to their advantage by charging a higher-than-market interest rate and many people will gladly pay it. Seller financing is also a great way to create multiple streams of passive income that act like rental properties but come with virtually none of the typical headaches that rental properties are known for.
6) Land is Very Inexpensive to Own as a Long-Term Investment.
When you buy a piece of land, there are, no utility bills to pay, the cost of property insurance is nominal (if you have it at all) and property taxes are extremely cheap. Plus there is almost never a mortgage payment. If you want to park your cash somewhere and forget about it, vacant land could be exactly the investment vehicle you’re looking for.
7) Land Gives its Owner Peace of Mind.
Think about it – land is a long-term, tangible asset that doesn’t wear out, doesn’t depreciate, and nothing can get broken, stolen, or destroyed. Put all of these benefits together with your ability to buy it for next-to-nothing… and can you think of a better combination?
8) They Aren’t Making Any More Of It.
Most people don’t think of vacant land this way, but the reality is that land is an extremely valuable resource with limited quantities available. Especially when you purchase land in the path of growth, you will find yourself with a finite asset that a lot of other people want to get their hands on. Stocks, bonds, mutual funds, and 401Ks all make sense in certain scenarios, and so does land. If you go into this with the intent of holding the right property for the long-term, it can make a lot more sense (and be a lot more profitable) than any other retirement vehicle out there.
If you want more information on investing in vacant land please contact me.
Do you have a need for commercial / industrial / retail buildings or land? Are you ready to buy or sell a home? We can help you with that, safely… just call us at 702 SELL NOW or click on this link to my website http://www.702SellNow.com
Choose to have an amazing day….Jeff