Busy Week. We sold two pieces of vacant land yesterday, one was purchased with funds from my ROTH IRA and the other was purchased through one of our companies. Doing land deals inside your ROTH is a great way to build your future and work toward your retirement goals. These were both half acre lots in the same subdivision in a rural county in North Florida. Not a big profit, but one is a quick flip and some more cash into my IRA. The profits from the other one go back into one of our companies.
Frankly I wasn’t expecting to sell either of these that quickly, but our vacant land is selling as quickly as we list it. The profit on one is only about $6,000 and about $7,500 on the second one, but these were easy deals and I didn’t work very hard to acquire or sell either one. Just a few pieces of very targeted direct mail (under 150 pieces) and we got the one deal. The other one was purchased for past due taxes.
We have an awesome sales team in place. They will close fairly quickly since both buyers are paying cash. They are also paying closing costs. Both are closing in two weeks. We also got two more pieces of vacant land from this mailing but we are keeping those to lease. They are larger pieces of vacant land.
Folks if you are not doing vacant land deals along with your house deals you really are missing the boat. We do small deals and big deals with vacant land and everything in between as long as the numbers work.
Take a second to check out my website at www.vacantlandgold.com to see what vacant land deals can do for you in your real estate investing business. If you use coupon code “vacant” between now and Monday July 11th, you will also get a discount on my system of $200.