Blogs » Real Estate Investor » Arizona » Scottsdale » The Land Geek » Raw Land Income Ideas

Raw Land Income Ideas

Tuesday, July 10

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There are so many different ways to make money if you own
land.  If your goal is to create income
using an existing asset, you might be surprised how creative you can get even
with a small piece of land you.


Pasturing animals

If your land includes fields, you might want to take a look
through the on-line and paper classified ads in your area. More than likely you
will be able to identify horse or cow owners who are looking for space to graze
their animals.  What a fantastic way to
make money and if your land includes large pasture areas, the animals will keep
the grass down so you can even save money!


Hunting rights

If you own wooded land suitable for hunting, you can rent
your land out during hunting season. 
Best of all, you can charge by the person or charge a flat fee.  You are in control with this one, making it
one of the best ways to make extra money while maintaining full use of your
land during the off-season. If you have wildlife on your land, I recommend that
you explore this income-generating possibility.


Storage

Have you noticed how many mini-storage rentals there are? If
you have a building on site, this is another potentially lucrative way to make
extra money. These days no-one seems to have enough room to store their stuff
which makes storage space a prime way to earn some extra income.  Even if you only have an old barn or shed you
can store four wheelers or boats during the off-season (or trailers, campers,
snowmobiles, classic cars etc.).


Camping

If you have level, open land that would be suitable for
camping, you might want to look into the logistics of starting a basic
campground.  Depending on the current
condition of your property, it is possible to start up a campground with only a
small amount of start-up money. Usually to get started you only need stakes to
make the sites, some campfire rings, a port-a-potty and signs.  There are so many free and inexpensive ways
to advertise these days such as Craig's List and backpage.com that you can at
least place an ad and see what kind of interest it generates.  If there is interest in your area, you have a
pretty simple way to generate passive income without having to make a large
upfront investment or doing expensive upkeep.


Logging

If your property includes wooded areas, it might be smart to
get a few quotes from different logging companies to see how much you could
earn from the timber.  In order to
preserve the value of the land and to be a good environmental steward of your
property, I do not recommend that you clear-cut the land.  However, you may be able to log part of it
while preserving some of the wooded areas. 
You might want to look into logging companies that cut sustainably by
selectively harvesting only certain kinds of trees. This protects the value of
the land as well as lessens the negative impact on the environment.   Just do a Google search on "sustainable
logging companies" in your state.


Flea markets

If your land is in a high traffic area, I suggest that you
look into renting it out as a flea market. Do you know how many small tables
you can fit on an acre of land? Even if you charge just $15/day for each vendor
and you have 20 vendors/day for the first year, you are already generating an
additional $300/day which comes to more than $2,000/week. This is a very
low-cost way to make use of your land while helping to connect local vendors
and consumers in your community.  As
usual, do some research on the logistics before diving in.


Cropland

Depending on the kind of farming that exist in your area,
there may be individuals or larger companies looking to lease land short-term
or long-term for farming purposes.  If
you have tillable land, it could be worth your while to place an advertisement
in the local papers as well as places like Craig's List and backpage.com to see
if you get any hits.


Power leases

In this day of alternative energy, it is possible to make
money leasing rural land to wind generating companies or others within the
alternative power industry. However, the details about this are too complex to
cover in this article. I do explore these topics on my blog which you can
access through my company website or check into other articles that I have
posted here on Ezine.com on the topic.


Paintball Fields

Providing space for paintball "wars" is still a
big industry.  If you are in doubt, just
check out all the paintball fields linked through this website:
http://www.pbreview.com/fields/ As you can imagine, it does not take that much
to make your raw, rural land "paintball" ready.  Essentially you just section off all or part
of your land and rent it out to groups. 
Just to give you an idea of how it works, here is a a link to an example
of a privately-owned paintball field: http://www.actionpaintballsac.com/


Conclusion

Land is an asset especially for those who are creative and
determined enough to invest the time and energy into getting something
started.  Just be sure to do the proper
research before you get started such as finding out if you need a license or
permit and dot all your "i's" and cross all your "t's."
Good luck!


Comments

  1. Colleague_thumb_avatar-alewilliamson

    Al Williamson Reply
    almost 2 years ago

    Mark, thank you for pulling all these ideas together. This is a very useful tool.

    1. Reply
      almost 2 years ago

      Al,

      Thanks! I should have included geocaching as well. It's such a fun way to get outside and treasure hunt on open land with with a GPS unit and people love it. You could make money partnering with geocaching sites and providing your land for the scavenger hunts.

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Colleague_thumb_1378732794-avatar-frontierprop

Mark Podolsky

Frontier Properties
Real Estate Investor
Scottsdale, Arizona


Website: http://www.thelandgeek.com
Phone: 888-620-6742
Fax:

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