REI Wealth issue 56 Digital - Ladies Who Rock REI | Page 40

because many of your competitors are simply not thinking about purchasing vacant properties . They are missing a huge opportunity since these properties are usually easy to purchase and reasonably easy to resell at huge profits . Vacant properties can be a big “ bonanza ” for you ! For more information on marketing to the owners of vacant properties as well as all kinds of sellers and lenders , visit my website at www . vacantlandgold . com .
Image by RAEng _ Publications from Pixabay
A better technique would be to hire an engineer to take a look at the property , determine its best use , possibly change the zoning , and then do the other things necessary to get the property ready for development , such as splitting the land into smaller parcels and then reselling it . This is one of the best ways I know to build in huge profit margins without ever touching the property yourself . I find this to be a really lucrative way to handle properties especially when you are buying in an area that is an hour or more from where you live . In my case , my vacant land business is about three and a half hours from where I live most of the time .
Another technique you can employ to make vacant land work for you is to explore the possibility of leasing land you own . This way you make cash flow on the property on a monthly basis and you still own the land . For example , you could lease a piece of land for RV storage . We have leased land to someone who needed extra room to expand a worm farm business . On another occasion we leased property we had with many pine trees to a company that harvests pine straw . A billboard company leases a property for a billboard that we own on a main highway . The possibilities are endless with a little ingenuity .
Another real advantage to working with out of state owners of vacant land is that you will run across investors who purchased groups of properties a long time ago so they have several properties with a lot of equity in them to sell . This creates wonderful scenarios where you can purchase multiple lots at well below current retail . The seller still makes money on the deal , creating a win­win solution for both parties . That ’ s what the real estate business is all about , creating win­win solutions for all of the parties involved .
If you live in an area where there is a lot of vacant land , these techniques are definitely worthy of looking into
MEET KATHY KENNEBROOK
Kathy Kennebrook is the ultimate success story . She spent over 20 years in the banking industry before discovering the world of real estate . After attending some real estate seminars this 4 foot 11 mother of two got really excited and before you know it she ’ d bought and sold hundreds of properties using none of her own money or credit .
Kathy holds a degree in finance and has co­authored the books ­ The Venus Approach to Real Estate Investing , Walking With the Wise Real Estate Investor , and Walking With the Wise Entrepreneur which also includes real estate experts Suze Orman , Robert Kiyosaki , and Dr . Wayne Dyer .
She is the nation ’ s leading expert at finding highly qualified , motivated sellers , buyers and lenders using many types of direct mail marketing . She is known throughout the United States and Canada as the Marketing Magic Lady . She has put together a simple step­by­step system that anyone can follow to duplicate her success .
Kathy has been speaking throughout the country and across Canada for over 14 years and has shared the stage with Ron LeGrand , Dr . Phil , Dan Kennedy , Mark Victor Hansen , Ted Thomas and Suze Orman to name a few .
Kathy is going to share with you how she generates a seven figure income by mailing a handful of letters throughout the year to highly selected targets by knowing exactly what to send them , who to send them to and exactly how to deliver her message . She will teach you the secrets of pre­screening and automating your marketing and follow up systems to put your entire Real Estate business on auto­pilot .
40