We got another house under contract this week and bought a piece of vacant land and have another one under contract for sale. The piece of land that is now under contract for sale is the one we had multiple offers on.
The piece of vacant land we just bought will probably be leased since it has a lot of possibilities and it’s in a great area in North Florida. Right now there are lots of opportunities to buy vacant land, especially since property tax bills just went out. There is nothing that motivates a seller more than having a piece of land they neither want nor need and another property tax bill to pay. Plus we are buying some pieces of vacant land from people who just need the cash. And….buying vacant land can be easier and just as profitable as buying houses. That’s what I love about this business, so many opportunities to put together profitable deals.
And…..instead of selling off your vacant land, lease it. There are so many ways to lease vacant land. Talk to neighbors, sometimes they need extra land that is right next to theirs. You can also lease vacant land to landscape companies who need room to store rock or railroad ties or other decorative landscaping items. We have leased land to a canoe outpost, urban nurseries, an agricultural worm farmer, for parking, to pop up markets (fireworks, vegetable stands, Christmas Tree lots and most recently Tampa Bay Buccaneers gear) You can also lease to Billboard companies for long term leases or if you have a large piece of land you can lease to a company that does Solar Arrays or Wind Farming. We have even leased land to campers. So the opportunities are endless and vary a lot by region.
This is why I love the real estate investing business and I love buying and leasing vacant land. The opportunities truly are endless! For all the information you need on buying selling and leasing vacant land check out my website at www.vacantlandgold.com