There is a huge misconception in the minds of many real estate investors. They have the notion that vacant land is a “pointless” or “weak” investment, but the truth is that it is capable of generating some serious cash flow.
Below are 3 reasons to invest in vacant land:
- You don’t need to do anything: Forget building! Forget remodeling! You don’t need to be an expert or know anything about renovating properties. Most of the time, you just need to know one thing…Is the land suitable for building? As long as somebody else can build a new home on it when they want to, a big part of the battle is already won.
- It’s a hands-off investment: Are you sick of dealing with tenants, broken furnaces, burst pipes, leaking roofs, lawn care, bugs, blocked toilets and the hundreds of other problems that come with owning a building? Well, vacant land doesn’t involve any of these issues. You buy it, it sits there, and it behaves. Nothing happens.
- Virtually no competition to deal with: Are you tired of getting outbid on every good deal you find? Well, guess what – with land, there’s virtually no competition. You see, most property investors have their minds stuck on “apartments,” “houses,” or “commercial development” because that’s what everybody else does. They don’t understand the distinct benefits of land. You can use this to your advantage.
At 1st Choice Home Centers in Statesville, NC, we offer a variety of home styles, whether you are looking for a customized house of your dreams or a prefab home that’s more affordable and economical. We also offer financing options. For more info, please contact us.