Vacant land is one of the most overlooked and misunderstood investments in the world.
Some people think vacant land is a “weak” or even pointless investment because :
1-It doesn’t make an income.
2- It Just sits there, and nothing occurs.
3-It Flat out boring.
It’s an inappropriate misconception since the truth is, vacant land is capable of producing some severe cash flow. It’s one of the best investments on earth because of its latent nature and versatility.
The stability and simplicity that come with owning the land, bought at the proper price, can far outweigh the multiple problems that come with any other type of real estate. 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!
- You Don’t Require to “Do” Anything to vacant land.
Forget construction and renovations! You don’t require to know anything about how to rehab a property yourself. You just need to know whether property is suitable for what you want to utilize it for?”
- Raw Land Is a “Hands-Off” Investment.
Have you had enough of dealing with problem tenants? How about bugs, toilets, mold, lawn care, Burst pipes, leaking roofs, broken furnaces, and other issues that come with owning buildings? Vacant land doesn’t involve ANY of such problems. when you purchase it… it sits there, and nothing occurs.
- Land Owners Are Greatly Inclined to Sell
Vacant landowners are always absentee owners. Therefore, it is common they try to sell it when they don’t live inside or near the property, simply because there’s less of an “emotional connection”. In lots of cases, you’ll find that sellers decide to sell their land for pennies on the dollar—since they don’t live anywhere near it or have no income for them. Consequently, they are much more apathetic about it. If you find these people, you will have incredible deals.
- Land Investors Have Very Little Competition to Deal With.
Are you bored of dealing with competition on every property you try to purchase? Are you sick of getting outbid on every good deal you’re lucky enough to achieve? There is very little competition in the world of raw land investing. Most real estate investors prefer things like houses, apartments, and commercial property since that’s what everyone else does. Most investors don’t realize the superior profits that come with land, and this can certainly play to your benefit.
5. Land Investors Call Their Own Shots.
Once you purchase vacant land the right way, it’s easy to purchase each property with your own cash and prevent dealing with banks and mortgage companies altogether.
- Once you understand how to research properties effectively, You can Buy and Sell Vacant Land Without Ever Seeing Them in Person.
Buying and selling land can be done virtually, using the tools that are available for FREE online. The attraction of vacant land is that it doesn’t have any structures. It means the inspection procedure is simple—and if you’re doing the proper research, you can easily purchase your land without ever visiting them in person.
- Add Seller Financing to the Mix and increase your income potential.
Once you merge vacant land with the power of seller financing, It can open up the doors to finding lots of buyers since most banks hesitate to lend money on vacant land. Owing to the scarcity of “easy money” financing for vacant land properties, land investors can utilize this to their benefit by charging a higher-than-market interest rate, and lots of people will happily pay it.
- Land Is Very Inexpensive to Own as a Long-Term Investment.
Once you buy a piece of land for a suitable price, there are no mortgage payments to make, no utility bills to pay, the cost of property insurance is nominal, and property taxes are very cheap. If you want to park your cash somewhere and forget about it, vacant land could be the investment vehicle you’re searching for.
- Land provides Owners with Peace of Mind.
land is tangible and a long-term asset that doesn’t wear out. Land never gets broken, stolen, or destroyed. Put all of these profits together with your ability to purchase it for a next-to-nothing price.
- They Aren’t Making Any More of It.
Most individuals don’t think of vacant land this way, however, the reality is that land is a valuable resource with limited quantities. Mainly when you buy land in the path of growth, you will find yourself with a finite asset that many other people like to get their hands on. Holding land like Stocks, bonds, mutual funds, and 401Ks for the long-term, can make a lot more profit than any other retirement vehicle out there.