Do you realize that you can build your fortune through buying vacant land ?
You are saying : “ No way !!” I am saying : “ Yes … WAY !”
There are lots of great ways to make a lot of money in real estate , not the least of which is buying and selling vacant land . This is an effective way to do real estate deals with no hassle , no rehab , no insurance and no worries of vandalism and theft . Plus , there is virtually no competition for these properties since many investors are simply not going after this incredibly lucrative portion of the market place . I was actually in the real estate business for several years before I discovered this very profitable part of the market . In addition , in this current market , buying and selling vacant land is another good strategy to continue making money in the real estate business .
If you live in an area that is particularly rural , then buying and selling vacant land is a more lucrative means of doing real estate deals . Since it can be more difficult to find homes to purchase in more rural areas , vacant land is definitely the way to go . There are several different ways to find vacant land deals .
One is to simply drive around and look for them . However , since it can be kind of difficult to find addresses for properties this way , it is probably a much better idea to create a direct mail campaign to the owners of vacant land . Some of the parameters I use for this list are outofstate owners of vacant land , especially those with past due tax bills or people who have inherited vacant land . These are some of the most lucrative deals out there . Be especially aware of those properties that front main highways since these will create even more valuable deals for you .
In many cases , these owners have inherited these properties and they are not interested in doing anything with them . They are usually tired of paying tax bills , so they stop paying them altogether . They are usually highly motivated sellers and fairly easy to deal with . In fact , in many cases , they may have never even seen the property and are unable to give you directions to it .
This is when it becomes really important for you to be able to work with your tax assessor ’ s office and get a mapping program so you can locate these properties with just the parcel identification number . There are also some national companies that can provide information such as mapping programs for you for a monthly fee . This tool alone has saved us hundreds of man hours and hassles in locating properties . In the case of vacant land , unless you know exactly where it is , one piece pretty much looks like another .
Image by Albrecht Fietz from Pixabay
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