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The Hidden Benefits of Raw Land Investing - Why You Need Vacant Land In Your Real Estate Portfolio - YouTube
Channel: REtipster
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hey there this is Seth from the re
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tipster blog the next few minutes I'm
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gonna hit a few key reasons why I
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believe vacant land is the ultimate real
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estate investment and frankly if you've
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never bought vacant land or if you
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haven't even considered it you need to
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I'm gonna explain why you know I think a
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lot of people and they hear the words of
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vacant land they just kind of write it
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off and don't even consider it and it's
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mainly because they hear those words and
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I just think you know vacant land is
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boring it just sits there nothing
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happens it doesn't produce income what's
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the point you know but I'll tell you
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right now vacant land can produce a ton
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of cash flow and a ton of income if you
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know what you're doing now I'm not sure
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what kind of experiences you've had in
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your life with things like rental
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properties you know commercial real
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estate other types of buildings they
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have to keep up and maintain but if you
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know anything about those types of real
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estate I'm gonna tell you right now
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boring is a good thing right I love the
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fact that when I buy land it just sits
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there in nothing happens it's awesome
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and you buy it you don't really have to
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do anything to it if you buy a piece of
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land at the right price and buy the
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right price I mean a very low price
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buyers welcome out of the woodwork it's
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just a matter of whether or not you
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bought at the right price to begin with
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obviously this is a key component of any
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real estate investment and land is no
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different if you buy it the right way
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there's no reason you can't flip it for
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a profit without doing
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anything I don't have to deal with any
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stress I don't have any monthly mortgage
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payments to make I don't have to lose
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sleep at night wondering whether
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contractors and tenants are going to do
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what they say they're going to do you
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just buy it get the deed and you can
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resell it another one of the key reasons
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why I love buying vacant land properties
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is because I don't have to deal with
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competition if you've ever tried to get
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a smokin awesome deal from the MLS you
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probably already know it can be really
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hard competition is not a good thing it
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makes your life hard it makes my life
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hard so if you can cut through then just
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eliminate it all together why not do
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then all these other people are out
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there focusing on houses and buildings
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and things like that the people who are
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buying big land are really focusing on
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that niche they have the playing field
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with themselves because there's just not
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that many people out there focused on
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that particular type of property
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probably the number one reason why I
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love vacant land at the other day
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because when you buy it for next to
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nothing like I do and when you sell it
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with seller financing you can make a ton
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of money and you can make it as passive
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income you can buy these properties sell
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them with seller financing and they
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essentially become kind of like little
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rental properties only with none of the
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headaches that rental properties are
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known for in this kind of scenario
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it's your borrower's responsibility to
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take care of that property these people
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have a vested interest in the property
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because if they don't do this stuff and
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if they don't pay you they're going to
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lose everything in their minds they
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actually have ownership of this
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these people tend to treat your property
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much different than a tenant would if
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they were renting it from for obvious
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reasons this is a great thing and it
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takes a lot of the hassle out of your
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hands but the money keeps coming in
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because the work is done and they have
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to pay off another one of the hidden
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blessings in all this it's that
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generally speaking if your borrower ever
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stops making their monthly mortgage
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payment you know everybody's worst
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nightmare it's actually not that bad of
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a thing and in fact it can even be a
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good thing like the matter is you do in
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essence have a collateral position on
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this property if they're stopped making
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their payments you can repossess the
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property keep all the money does your
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borrower has paid you to date and then
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resell the property all over again
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there's a lot of times when you can have
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a really profitable deal on your hands
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and then once your borrower defaults you
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can even double or triple what already
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was a very profitable deal so if you
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kind of follow what I'm saying here when
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you buy a land when you own a free and
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clear you can sell the seller financing
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you are in a very very very good
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position and it is very hard to get hurt
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in this process a really cool benefit
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about vacant land is that there's
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actually a lot of ways that you can buy
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and sell these properties without ever
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seeing them in person this is a little
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bit different from houses and rental
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properties and things like that because
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essentially all your buying and selling
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here is dirt what this means is there's
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just far fewer factors and issues that
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can go wrong now do you have to research
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vacant land
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absolutely there's a lot of things you
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want to look into before you buy it but
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the great thing is you can look into a
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lot of these things without actually
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going to the property and seeing it in
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person things like Google Earth things
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like agent Pro 24/7 calling the County
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Courthouse calling the County Clerk's
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office calling local Realtors and
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getting them involved there's a ton of
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ways to find out everything you'll ever
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need to know without you having to
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travel out there and be there in person
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you can do this kind of business from a
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long ways away you don't have to be
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buying these properties in your backyard
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another great benefit about vacant land
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is that it is extremely inexpensive
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tamal just give an example of one that I
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own the annual property tax bill for
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this is $80 ok I've got another one
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where the annual tax bill is $36 and
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again all the properties that I buy I
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don't have any mortgages on them because
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of the fact that I can get them for so
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cheap you can buy land for thousands or
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even hundreds of dollars it's just not
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that hard to own free and clear which
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means there's just very little that you
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have to worry about and pay for on an
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ongoing basis and yet another reason why
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it's not a bad idea to buy a vacant land
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is because they aren't making any more
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of it okay
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unlike houses unlike the stock market
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unlike gold and silver and all these
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other investments land is one of the
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only things out there where there is a
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finite amount of it especially if you
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can buy a land in the path of growth you
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can find yourself with an asset that a
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lot of people desperately want to get
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their hands on now some of this takes a
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little bit of foresight in looking for
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the right things
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but I'll say right now it's really not
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that hard to find properties that are in
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the panther growth and that a lot of
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people are very likely to want in future
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years another great thing about land is
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that it's very hands-off there's a lot
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of scenarios out there where you can buy
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a piece of vacant land and then lease it
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out to a third party kind of like a
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round property with none of the
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headaches and they will pay you just for
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the use of your dirt for example cell
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phone towers wind power companies
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during hunting season you can leash your
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land the hunters farming is one of the
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most common examples of this obviously
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if they're going to pay you and if
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they're going to do all the work and if
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they're going to maintain everything
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that's not like a pretty good deal to me
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I don't know about to you but if someone
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offered that to me for my dirt I would
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gladly take it so as you can see vacant
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land investing it just makes sense these
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properties are not hard to get you can
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get them for very cheap very hands-off
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there's very little you have to do it's
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very inexpensive to hold the finite
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asset they aren't making any more of it
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I mean meat I go on my hope is that
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you're starting to understand why vacant
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land makes sense and why it's a possum
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no brainer investment again a lot of
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people don't get it and at the end of
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the day I guess it doesn't bother me but
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my hope is that you'll think a little
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bit more about it because really it can
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make a lot of sense for you especially
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if you know how to buy a ripe buy it for
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the right price and really utilize it
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and start making some passive income
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from it thanks again for stopping in
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hopefully this video is helpful to you
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got any questions or comments please
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feel free to leave below I'd love to
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hear your thoughts on this if you think
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I'm missing something you think I'm
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wrong if you've got a different
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perspective or if you've done this kind
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of thing before I'd love to hear about
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it thanks again I wish you all the
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success in the world let's stand thought
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you kid see ya
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you
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you
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Oh
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