A
Almost any
property is capable
1. Contract With a Cell
Phone Company
of turning a viable
ROI if managed There are some 300,000 cell
with savvy and towers in the US at present,
foresight. Even bare vacant land and that number is growing by
can turn a profit if you know around 10,000 new towers per
where to look for the right kind year. If you have vacant land
of customer. in a strategic enough location,
given the right zoning
Making money through real requirements are not an
estate is as old as real estate obstacle, you can make a lot
itself (which is to say, “as old as of money by letting a cell
dirt”), but we want to present phone company build a tower
here three often unthoughtof on your land and then
ways you can turn a profit from collecting ongoing rent for the
your land and/or building. use of your land.
If a cell phone company
approaches you with an offer,
that makes it a lot easier (and
gives you more “negotiating
clout”), but you can also
advertise or contact
companies to make offers.
But don’t cut yourself out of a
solid profit margin needlessly.
Rent is this niche area varies
greatly, from $100 to $50,000
per year (not month). In fact,
you’re better off talking to an
expert consultation firm to find
out how to get the most cell
tower rent before making any
final decisions and signing on
the dotted line.
3 Unique Ways
to Turn Your
Property Into a
Moneymaking
Machine