- 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 what I want to use it for?” As long as someone else can use the land for its highest and best use, a huge part of the battle is already won.
- Raw Land Is a “Hands-Off” Investment.
Have you had enough of dealing with problem tenants? How about toilets, bugs, mold, lawn care, leaking roofs, burst 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.
- Statistically, Vacant Land Owners Are Highly Motivated to Sell.
Why? Because vacant landowners (by default) are always absentee owners. When a person doesn’t live inside (or even near) the property they’re trying to sell, there’s 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 or it’s not producing any income for them (because they don’t know how to optimize their land correctly). As a result, they are much more apathetic about it. Find these people, and you will find some incredible deals.
- Land Investors Have Very Little Competition to Deal With.
Are you tired of dealing with such stiff competition on every property you try to buy? Are you sick of getting outbid on every good deal you’re lucky enough to find? Well, guess what… there is very little competition in the world of raw land investing. Most real estate investors have their minds set on things like houses, apartments, commercial property, because that’s what everyone else does. Most investors don’t understand the superior benefits that come with land, and this can definitely play to your advantage.
- Land Investors Call Their Own Shots.
When you buy vacant land the right way, it’s easy to buy each property with your own cash and avoid dealing with banks and mortgage companies altogether. When I got started as a land investor, I had $3,000 to my name. And to this day, I have never had to borrow money from a bank. Ever.
- When You Learn How to Research Properties Effectively, You Can Buy and Sell Vacant Land Properties Without Ever Seeing Them in Person.
A few years ago, I bought and sold a parcel of land that grossed over $44,000. The entire process took me five months from start to finish. To this day, I’ve never seen this property with my own eyes. Everything was done virtually, using the tools that you and I have available for FREE online. Remember, the beauty of vacant land is that it doesn’t have any structures. This means the inspection process is straightforward—and if you’re doing the right research, you can easily buy your properties without ever visiting them in person.
- Add Seller Financing to the Mix and EXPLODE Your Income Potential.
When you combine vacant land 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 quite hesitant to lend money on vacant land. Due to the scarcity of “easy money” financing for vacant land properties, land investors 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. Properties sold this way can act like rental properties but come with virtually none of the typical headaches that the latter are known for.
- Land Is Very Inexpensive to Own as a Long-Term Investment.
When you buy a piece of land for the right price, there are no mortgage payments to make, no utility bills to pay, the cost of property insurance is nominal (if you have it at all), and property taxes are incredibly cheap. If you want to park your cash somewhere and forget about it, vacant land could be the investment vehicle you’re looking for.
- Land Gives Its Owner Peace of Mind.
Think about it: land is a long-term, tangible asset that doesn’t wear out and doesn’t depreciate. Nothing can get broken, stolen, or destroyed. Put all of these benefits together with your ability to buy it for next-to-nothing price… and can you think of a better combination?
- 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 a precious resource with limited quantities. 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.