I have Land and No Use for it

[Jesse Lewis]

Good morning 

    I hope we are all well. Today I want to figure out how to generate revenue from vacant land that I own. I have about 5 acres of rural land. Previously farm land. This land has not been used for a while and as of right now, I am not putting it to any productive use. So I have 5 acres of land that I have no use for. 

Goal: I would like to be generating $1000 or more in profit per month starting in the next 30 days.

Ideas: I am thinking of the following possible uses for this land.

1. Rent out space as campsites. (VRBO, Airbnb, hipcamp)

2. Self storage

3. Rent out space to farmers.

4. Rent out space as a gun range.

5. Rent out space to people who raise animals/cattle.

Challenge(s): The biggest issue is not knowing where to look or start.

Where do I find farmers? Where do I find companies and individuals looking for what I have? What questions do I need to ask that I have not thought of? Who would/should I look to as a mentor paid or unpaid that would know what to do?

I am open to any and all ideas.

[JT Olmstead]

Hey Jesse!

With a 30 day timeline your options are quite limited.

Assuming your zoning is some version of Agg then here are my suggestions on options to pursue. Many will take longer than 30 days but are among the fastest to cashflow or profitability.

1.Rent out space as campsites - As you noted, this can be done on a few sites. You'll need to verify the local regulations on this but assuming they're favorable this is probably the fastest path to cashflow.
2. Farmland/Cattle Land - The key here is going to be finding the right lessee to approach. Start with checking the ownership of the land near yours.
3. Hunting Lease - 5 Acres isn't usually considered large enough to hunt in most places but there's a small chance this could work
4. Gun Range - While there is a possibility here I would recommend steering clear of it due to a host of other problems and would likely spawn from this
5. Logging - Again, 5 acres is small here but If the timber type is of high value and you have enough timber you might be able to capture something

Those options above have the possibility of being able to be completed in under 90 days. There are lots of other options but the timelines and capital requirements are much higher. Things like Self Storage, Solar/Wind Farms, Gravel Pits, Etc.