What can be done with vacant land??

[Drew Bell]

A friend of mine is receiving a few acres of land from family... What can he do with vacant land? I know its all about location... but they're in the middle of no where lol

[Jay Hinrichs]

building lots no matter were they are at have a few strategies

1. in a fairly desirable area hedge against inflation  tax's usually pretty low not a worry.

2. sell on contract to someone who wants to eventually build on it... get monthly cash flow and usually a little premium in pricing.

3. sell for cash reinvest.

If we are talking about Florida land or lots say in a place like Lehigh acres and an area with no city sewer there are little thousands upon thousands of those lots sitting vacant they are traded at tax sales and by some who buy and resell for installment sale to those who think they want to retire there.. its the land game

watch the movie Glenn Gary Glenn Ross you will get the idea..  classic movie and VERY TRUE... I grew up in a land family and its accurate as heck.