I stepped out of the car and was buffeted by the desert wind.
What I saw stopped me in my tracks.
This was the first time I had been in a place where you couldn’t see a single building in every direction all the way to the horizon.
There is something truly spectacular and expansive about the desert.
It just overwhelms you with its continuity.
And I can tell you, this was not what I was expecting when I first started trading rural vacant land.
I was not expecting it to be so sublime.
But this is also why it doesn’t worry me when anyone asks, “Who would buy that hunk of dirt.”
The world is just far more beautiful than many people realize.
Although, there are some folks who do appreciate these open spaces.
Not only are they awarded sights such as the one I saw, but they are also able to turn a nice profit.
These folks are land investors, like me, and they understand the power of rural vacant land.
If you think you may be one of them, below are the top five reasons you should consider investing in vacant land yourself.
1. High Returns
I personally started land investing because I truly love rural vacant land.
However, trading in vacant land can also be highly profitable.
The return I make on my deals ranges from 2-10x and I have never lost money on a property.
There are very few investment vehicles that offer these kinds of rewards!
2. Motivated Sellers
Unlike other types of real estate, there are a number of people who really just don’t want their vacant land anymore.
This could be for a number of reasons, but usually, it is because they are paying taxes on a plot of land that they no longer have any use for.
It is also often hard to sell vacant land using traditional methods.
This means that it is possible to buy properties at great prices while also helping someone rid themselves of something that is weighing them down!
3. Low Start-up Costs
It’s no secret that rural vacant land is a lower value form of real estate than a residential or commercial building.
The upside of this is that it is more accessible to the average person than other forms of real estate.
I often buy properties for under $2,000 and exclusively purchase lots that are less than $10,000.
With these prices, you don’t have to take out a loan or have a huge amount of capital to get started!
4. Low Risk
Again, the low prices of rural vacant land can work to your advantage.
When you only spend $1,000-$2,000 on any one parcel of land, you know that you won’t lose too much money in a worst-case scenario.
You can also more easily diversify your portfolio to protect yourself from market downturns.
5. Little Competition
Because most other real estate investors are looking to buy residential or commercial properties, there is less competition for rural vacant land.
And there is a lot of vacant land out there!
This means there is plenty of opportunity to go around!
One Last Bonus
But the greatest part of land investing is that it will make you get out and see places you would likely never see otherwise.
So, if you love the outdoors, land investing can be not just a means to build wealth, but also an opportunity to see the country!
Author Bio
(Erika Benson) I am a former Affordable Housing Director for the City of New York turned full-time Land Investor. I used to help New Yorkers find affordable housing, now I help people around the US find affordable land!
I keep an active blog on my company website where I give out advice on buying and selling land. I also have a YouTube channel with over 250 videos that provide tips for land buyers and information on our properties. For more information, check out gokcecapital.com.
No Comments