One of the reasons that people purchase raw land is because they see it as an investment. And, truthfully, owning raw land is one of the ways in which you can make a profit. Because there are several ways in which to earn extra cash via your ranch, farmland, or riverfront parcel, here are a few ideas that you might find interesting.
As the owner, you can finance your land as part of a sale. Doing so will allow you to gain a profit from your investment while enjoying tax benefits. It’s true. Consult with a lawyer to help you draw up a land sale contract that’s acceptable and beneficial to you and your buyer. Remember that you’ll have a long relationship with whoever he or she is.
Lease Your Land
Perhaps you haven’t considered the aspiring farmers who need a place to raise their increasing breed of livestock, or the experienced hunters in search of land to boost their adventure experience; nevertheless, there is a market in which you can lease your land for month to month, bi-annual, or yearly contracts.
Auction It Off
If you have a massive amount of land, you can divide it into pieces and auction it off as individual parcels to corporations, businesses, or the public.
Sell to a Land Investor
For a quick, no-hassle cash profit, you can sell your land to a land investor. This is especially beneficial if you have no use for the land and don’t plan to develop or manage it. With a land investor sale, you’d get 5%-25% of the fair market value of your land, a guaranteed seven day closing date, an elimination of closing fees, and cancellation of your debt on the land. If you need help selling your land this way, contact Lucas Properties LLC for more information.