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I’ve said it before and I’ll say it again, vacant land is one of the most overlooked and misunderstood real estate investments in the world. Whenever I tell people that I specialize in buying and selling vacant land, I get a lot of
Whenever I tell people that I specialize in buying and selling vacant land, I get a lot of blank stares. I’ve found that there is a HUGE misconception in the minds of most real estate investors. A lot of people have this erroneous notion 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 just boring.
It’s an unfortunate misconception because the truth is – vacant land is capable of producing some serious cash flow and it’s one of the best investments in the world because of its hands-off nature and versatility.
I 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) can far outweigh the myriad of problems that come with owning any other type of real estate. If you’ve overlooked vacant land as an investment opportunity in the past, you need to take a few minutes and get educated about what land is all about.
Here Are 10 Reasons You Should Be 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) Statistically, Vacant Land Owners are Highly Motivated to Sell.
Why? Because vacant land owners (by default) are always absentee owners. When a person doesn’t live inside of (or even near) the property they’re trying to sell, there is less of an “emotional connection” – because it isn’t their primary residence. In many cases, you’ll find that these sellers are willing to sell their land for pennies on the dollar – simply because they don’t live anywhere near it, it’s not producing any income for them (because they don’t know how to optimize their land correctly) and as a result, they are much more apathetic about it. Find these people, and you will find some incredible deals.