Ideas Needed for Monetizing Off Grid Land

7 Replies

Hello everyone!

My wife and I began learning about real estate investing in January. Since then we purchased two duplexes that we are BRRRR'ing and are waiting to get them rented out so we can finance them and find the next deal.

Seven years ago (before we even thought about real estate investing) we purchased 52 acres of land an hour east of our home in Winnipeg, Canada where we live.  The 52 acres consists of approx. 95% Aspen forest with about 5% Spruce in the south west corner. Both of us have studied permaculture, so based on permaculture design principles we cleared a couple acres, planted a food forest and dug a pond. Our goal was to grow our own healthy food in harmony with the land as well as build within 5 years. It's now 7 years and we still have not built.

Due to my wife's job, we don't want to move out to the country (her current 2 minute commute is hard to give up for an hour drive especially with current gas prices!)

We bought an old trailer that we have out there so we can spend the night but it's completely off grid. There's no water, no power and a composting toilet. The summer nights get quite hot and stuffy in the trailer.  Power could easily be brought in off the highway which isn't far away and a well could be dug for water.

Without living out there full time, it's hard to maintain as nature wants the land to go back to forest and the wildlife eat everything we plant. 

We have a tree house, a zipline, a fire pit and a small 15 minute walking trail through the woods I made.  As our kids are getting bigger, we have only been getting out there a couple times the past few summers.  We would like to keep this land as well as find a way for it to generate a bit of income for us.

My question to you is this...

Does anyone have any suggestions on how to monetize this piece of land as it basically sits vacant 360 days a year?  We would like to keep the whole section of land without subdividing and selling portions off. 

Thanks!

There is a website that works like Airbnb that allows you to rent spaces by the night, week or month I think. You don't even need power I think. It might be enough to pay the annual costs plus a bit more. And it would be ready for you when you are. 

i don't know the site but I'm sure someone on here does. I heard about it here. 

@Mike Reynolds I found a site called Hipcamp yesterday poking through some of the other forum posts. It sounds like what you're talking about.  I am definitely going to look into this.
Originally I was thinking more along the lines of ideas for long term rentals but this is good.

Thanks!

Originally posted by @Kevin Barske :

@Mike Reynolds I found a site called Hipcamp yesterday poking through some of the other forum posts. It sounds like what you're talking about.  I am definitely going to look into this.
Originally I was thinking more along the lines of ideas for long term rentals but this is good.

Thanks!

Yes, that is it. From what I have read on here that can work wonders for you. Maybe add a disclaimer for the zipline though lol. 

I don't think hipcamp or airbnb is necessarily the way to go on a property you don't actively manage (Live onsite or nearby, or have a property manager for).  Is let's say ~$15-40 a night- for a camp site (or 'cabin'/trailer/etc)- worth the hassle? only you can say..  Plenty of considerations with short term rentals that you might not think of initially, for example- different people coming & going all the time, does this have any impact on neighbors? Instead, I would suggest seeing if you can find a 'caretaker' / renter who wants a parking & garden space for their self-contained tiny home on wheels, trailer or rv.  (of course, there may be some code/etc limitations on how long someone might stay/live there, or limitations on what types of trailer/rv/tiny home might or might not be allowed without a permitted septic)....   That said, with the added bonus of fruit trees & garden space you may find a like-minded longer term renter.  In my area for example- I often see off grid 'tiny home parking' or 'property caretaker parking space' for rv's advertised on cl - 200-800 a month depending on the location & amenities