Are you looking for land as a way to make money? Below is information about how to find good land investment opportunities.
If you want to buy raw land as an investment, there are several ways to find good options. You can use a land sale website to help you find good deals in areas across the country. Also, there are databases out there that were made by land flippers that can have some good opportunities.
Another good possibility is looking at county tax sale records. Property taxes are a regular expense that even a land investor must pay eventually. The landowner might let the taxes go, and that can put the parcel up for a tax sale. That can be a way to get good land cheap.
Also, keep a lookout for land for sale through direct marketing. Sending letters to potential investors can be a good way to find good deals. You might even be able to score a lower price with enough haggling.
How to Invest
There are several ways to invest in raw land. The first is to flip land. This is one of the simplest and most popular choices. The idea is easy – getting a parcel of land cheap and selling it for more money later. You can find cheap land at tax sales or foreclosure auctions.
Flipping land for a profit can be as easy as buying it low this year and selling it high next year. But some of the most money can be made by getting the needed entitlements to the land so it is more marketable. Entitling might include getting the property zoned, cleared so it can be developed or permitted for commercial or residential builders. Doing this work will save a new buyer time and money, and you can charge a higher price.
Another popular option is developing raw land. This can be very profitable, but you need to know what you are doing. If you are interested in developing residential or commercial property, buying raw land with the right location and zoning will be part of the process. The other popular way to make money with buying land is a long-term buy and hold strategy. You may want to develop the land later, or wait for demand to rise as development increases in the area. Note that you need to pay taxes and keeping the property maintained according to local regulations.