3 Ways To Utilize Your Land

So the auction is over, the settlement is complete and you finally have that perfect piece of vacant land. Now the question is what should you do with it? Many people who buy land on Bid4Assets report having bought it for a fraction of market price.  Buying land at a discount at auction leaves you more capital to develop or otherwise improve the land for profit.

A new piece of vacant land is a blank canvas, often with many unique possibilities. Some investors want to resell their property (either on Bid4Assets or through an agent).  Others may plan to build their dream home or a rental property. Regardless of what your plan is, the most important thing is to have one. With that in mind, here are just a few ways you might put your land to good use.

DEVELOPMENT

The #1 reason people invest in land is for development. Whether you want to create a dream home for your family or develop something you can sell for maximum profit, don’t let your investment sit unutilized.  Your local chamber of commerce may be able to help you find local real estate developers and home builders.

PARKING

If you’ve bought vacant land located within walking distance of a major attraction, such as a sporting arena, a theatre, or a popular downtown area then you control a space where people frequently need parking. Check with the county planning office to see if parking (be it event parking or ongoing) is an acceptable usage for the property.  Land can be easier to rent than homes and commercial buildings as it requires the most basic amount of maintenance.

RENT

When possible, renting land is a great way to produce income while your property appreciates. Properties can be rented to campers, for parking, or for an assortment of commercial uses.  It’s important to check with the county to make sure any land usage confirms with the zonings and that you have any necessary permits.

No matter what you ultimately choose to do with your land, the most important thing is to do your due diligence and have a clear plan.  We love to hear from our auction buyers. If you have a great land success story, please email us at service@bid4assets.com and tell us about it!

This is intended as a means of communicating with our buyers and sellers. If you have a topic you would like to see us cover on this blog, or any questions about the site in general, please get in touch at service@bid4assets.com

Top 5 Reasons to Start Investing in Land

Take a good look at the image above. To some this may seem like a boring barren piece of vacant land. But to the observant investor, this is one of stable and overlooked, long-term real estate opportunities available today.

Bid4Assets hosts thousands of vacant land auctions every year and 2017 is shaping up to be no exception, offering many unique opportunities to investors nationwide. With that in mind, here are five reasons why you should consider adding land to your portfolio this year:

1) Vacant land is a low-energy investment.

Vacant land is not an investment that will require a great deal of your time or energy. You won't have to deal with the problems that typically come with owning other types of real estate. There are no  repairs to pay for, no tenants to pry rent from, and no renovations to oversee. With land, you will get all the value of owning a new property with none of the headache.

2) Land is cheap to buy and cheap to maintain.

In addition to saving you headaches, land investments can also be great financially. There are no mortgage payments or monthly bills required for you to maintain your property, and insurance is both minimal and entirely optional. What's more, land can be extremely cheap to buy as long as you invest intelligently (with a little help from Bid4Assets). More on that in later posts.

3) You can buy land in a matter of minutes.

With companies such as Radius frequently listing new vacant land auctions on Bid4Assets, finding your next great land deal can be as easy as buying a new iPhone on Ebay. You can browse from your favorite living room chair, review pictures and due diligence, and place your bid within minutes, all from the comfort of your own home.

4) Land is a solid and stable asset.

With land you will never run the risk of your  investment becoming worthless over night. No matter what the state of the market may be, your land will always be there. It doesn’t wear out, it won’t break and no one is going to walk off with it in the middle of the night. Land offers stability that few other investments can due in part because... 

5) “Buy land, they're not making it anymore.”

This famous Mark Twain quote may come across as a cliché, but land is a finite resource. We will never discover a new mass of land that no one knew existed before. What is in the market is in the market. As the population grows demand for land will continue to rise and neither trend is going away any time soon. 

So, if you’ve overlooked vacant land as an investment opportunity in the past, there’s no time like the present to start. Many great deals are already available on Bid4Assets and only a click away.

This article was provided in part by Radius, a third-party real estate company that is not affiliated with Bid4Assets. To see auctions they currently have available on Bid4Assets click here.

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