When it comes to investing, vacant land is a valuable commodity to consider.
Often one of the most overlooked real estate investments, it’s less expensive than purchasing developed property.
You don’t have to run out and purchase hundreds of acres. A quick check of your local listings you can find a parcel for a reasonable price.
Seth Williams who specializes in buying and selling land writes:
Vacant land is capable of producing some serious cash flow and it’s one of the best investments on earth because of its hands-off nature and versatility.
If you’ve overlooked raw land as a viable investment opportunity in the past, you need to take a few minutes and get educated about what land is all about!
One of the benefits of vacant land is the freedom to create what you want depending on zoning restrictions.
You have a blank canvass to work with!
Precondo points out that land steadily appreciates:
The great thing about land is there will always be a use for it. So, if you put some research into the area your land is based in, along with the types of usage it would suit – it could generate some future income.
There are land investors who bought plots many years ago, who are now able to retire from the value, so it’s definitely worth researching.
Vacant land is fairly easy to manage as an investment. You don’t have to worry about any of the concerns which come along with managing a rental property.
If you’re just getting started talk to your Real Estate agent so they can guide you in your search.
An extremely valuable resource, vacant land slowly appreciates in value over time.
Mark Twain said it well: “Buy Land. They’re not making it anymore”