Interested in Investing in Vacant Lots

[Marcus Nickson]

Hello Everyone,

I’m interested in investing in vacant lots in my local area. I’m currently living in a small town Lafayette, In but I’m also considering land investing in Indianapolis, In.

I have somewhat of an understanding of the beginning process of land investing . I know I would need to find a decent deal for a low price and basically upsell it to a potential buyer.

I’m curious about the different exit strategies and for selling the land and what is a realistic time frame of getting the lot resold to a potential buyer.

Thanks, in advance for all tips and feedback

[Joe Mclain]

Lets look at this objectively.  You make money buy buying low and selling high.   When you invest in land, you could buy a property for $500 and sell for $3000.    Now to some of the people on bp, that's not a win.  But to others on this list that's quite a return on investment.   Land is something where you don't have to worry about tenant issues, termites or toilets.  Why not start small like a lot if you don't have a lot to invest in.  Learn the ropes and then buy larger parcels.  Learn how to buy at at tax sale on the smaller stuff then grow it.   I think its a great strategy.