We sold another piece of vacant land today. It was a full price offer, buyer pays half of closing costs, so I didn’t even know about it until the contract showed up in my inbox this afternoon.
It’s 1/2 acre in a subdivision in a rural area. Just land, not cleared, no utilities and it’a on a dirt road. We did nothing to it except list it and sell it. Owners in the subdivision can either put a mobile home on it or build a home. My buyer is going to build a home on it. I am excited for him and I am excited for us because it’s a nice profit on a piece of land we didn’t own very long and one simple piece of direct mail to find this one and others.
Total profit on this one will be around $6,900. That’s the cool thing about buying and selling vacant land, when you buy for dimes on the dollar not every sale has to be a home run. Kind of a buy low sell low on this particular piece.
Larger pieces of land bring bigger paychecks. Total cost of the mailing to locate this property and three others so far was $147.00. Yeah……I’m good!!!
For all the information you need on buying, selling and leasing vacant land check out my website at www.vacantlandgold.com I share with you all the techniques I implement to find these pieces of vacant land, lots of unique ways to sell vacant land and even more creative ways to lease vacant land. That’s where the long term income is and I love that too!!!