Are you thinking about buying empty land? It can be a compelling investment for some investors. If you’re thinking about it, here are 6 reasons we’re buying bare land in Arizona and New Mexico…
When most people think of real estate investing they think of houses… or maybe apartment buildings. But at Lands For You, we like to think about LAND! It can be a very compelling investment for many investors. Here are…
6 reasons we’re buying bare land in Arizona and New Mexico
No one is making more land! The land we have is all that’s available to us! This means that the supply is always dwindling but demand has never been higher… and declining supply and increasing demand help to drive the value of land investments upward.
In many cases, raw land can be a very affordable investment (especially with owner financing!), especially when compared against a property that has a house built on it or gets city services. You might even be surprised at how low some properties cost and can be acquired for! (If you want to see our inventory of affordable raw land, click here and enter your information into the form).
#3. Exit Strategies
If you own a house as a real estate investment, you’re pretty much stuck with renting it out or selling it as your only choices. But with land, you have so many more exit strategies available that you might not be aware of. Yes, you can rent it out… in many different ways (for recreation, hunting, farming, etc.) You can develop it (such as subdividing it and building). You can even just buy it and hold it. Or, you can consider it as a personal investment and enjoy the land yourself. And there are many more options available. (And you can always mix and match these strategies, too.)
#4. Growth Opportunities
Raw land is perhaps the most basic real estate investment you can get. But the great thing is: even making very simple improvements to the land – perhaps clearing it or fencing it – can help to increase the value of the land quickly. Of course, it really depends on what you plan to use the property for but our point is that you can do a number of things to grow the value of your land.
For buy-and-hold investors, raw land is a very easy and simple investment. You buy… and then do nothing! Raw land requires little or no work or upkeep (just pay the minimal taxes), which means you can own a whole bunch of land and never wear yourself out like you would if owned a whole bunch of houses.
Look beyond just the potential financial return on investment (ROI) and consider the “fun factor” – your own enjoyment of your land can also make it a great investment! With an investment in vacant land, you now have a place to get away from the business of the city, go on picnics with the family, or maybe go camping!
We love raw land as an investment and we’ve just shared 6 reasons we’re buying bare land in Arizona and New Mexico and think you should consider it too!