Updated almost 8 years ago on . Most recent reply
What can be done with vacant land??
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
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- Real Estate Consultant
- Summerlin, NV
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#1 All Forums Contributor
- Real Estate Consultant
- Summerlin, NV
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.
- Jay Hinrichs
- Podcast Guest on Show #222
