3 Ways to Utilize Your Land
So the auction is over, the settlement is complete and you finally have that perfect piece of vacant land. Now the question is what should you do with it? Many people who buy land on Bid4Assets report having bought it for a fraction of market price. Buying land at a discount at auction leaves you more capital to develop or otherwise improve the land for profit.
A new piece of vacant land is a blank canvas, often with many unique possibilities. Some investors want to resell their property (either on Bid4Assets or through an agent) for a profit. Others may plan to build their dream home or a rental property. Regardless of what your plan is, the most important thing is to have one. With that in mind, here are just a few ways you might put your land to good use.
The #1 reason people invest in land is for development. Whether you want to create a dream home for your family or develop something you can sell for maximum profit, don’t let your investment sit unutilized. Your local chamber of commerce may be able to help you find local real estate developers and home builders.
If you’ve bought vacant land located within walking distance of a major attraction, such as a sporting arena, a theatre, or a popular downtown area then you control a space where people frequently need parking. Check with the county planning office to see if parking (be it event parking or ongoing) is an acceptable usage for the property. Land can be easier to rent than homes and commercial buildings as it requires the most basic amount of maintenance.
When possible, renting land is a great way to produce income while your property appreciates. Properties can be rented to campers, for parking, or for an assortment of commercial uses. It’s important to check with the county to make sure any land usage confirms with the zonings and that you have any necessary permits.
No matter what you ultimately choose to do with your land, the most important thing is to do your due diligence and have a clear plan. We love to hear from our auction buyers, if you have a great land success story, please email us at [email protected] and tell us about it!
Top 5 Reasons to Invest in Land
Vacant, raw, bare, undeveloped … these are generally not words you would associate with an exciting investment opportunity. But when you pair those words with land, you get one of the most stable and overlooked, long-term real estate investments available.
Bid4Assets hosts thousands of vacant land auctions every year and 2017 is shaping up to be no exception, offering many unique opportunities to investors nationwide. With that in mind, here are five reasons why you should consider adding land to your portfolio this year:
1) Vacant land can be a no-fuss investment.
Vacant land means simplicity and stability. You don’t have to deal with any of the problems that can come with owning other types of real estate. There are few, if any repairs, no tenants, no renovations and no utilities.
2) Land is cheap to own.
After the initial investment, raw land property taxes are typically low. There are no mortgage payments, no monthly bills, and the insurance is minimal if you choose to have it at all.
3) Buying land can be extremely easy.
Companies such as Radius, a frequent lister on Bid4Assets, make finding your next great land deal as easy as buying a new DVD player on Ebay. You can browse from your favorite living room chair, review pictures and due diligence, and place your bid, all from the comfort of your own home.
4) Land is a tangible asset.
While your stocks can become worthless paper overnight, you’ll never face that problem with land — it’s still there. Land is a solid, tangible asset. It doesn’t wear out, it won’t break and no one is going to walk off with your land in the middle of the night.
5) “Buy land, they're not making any more of it.”
This famous Mark Twain quote may sound cliché, but land is a finite resource. As a population grows and the demand for land rises, and that trend isn’t going away any time soon.
So, if you’ve overlooked vacant land as an investment opportunity in the past, there’s no time like the present to start. Many great deals are already available on Bid4Assets and only a click away.
This article was provided in part by Radius, a third-party real estate company that is not affiliated with Bid4Assets. To see auctions they currently have available on Bid4Assets click here. http://www.bid4assets.com/v5/search/#t=s|s=645650|sc=bidclosetime|so=ASC
JUST ANNOUNCED - New Counties Added to Tax Sale Calendar
|MARIPOSA COUNTY, CA|
The Treasurer-Tax Collector's Office of Mariposa County, California is offering 6 tax defaulted properties for auction online.
Starts: October 25, 2014 at 11:00 AM ET (8:00 AM PT)
Bids start as low as $3,555
The Treasurer-Tax Collector's Office of Calaveras County, California is offering 65 tax defaulted properties for auction online.
Starts: November 14, 2014 at 11:00 AM ET (8:00 AM PT)
Bids start as low as $100.00
The Treasurer-Tax Collector's Office of Nevada County, California is offering 45 tax defaulted properties for auction online.
Starts: November 15, 2014 at 11:00 AM ET (8:00 AM PT)
Bids start as low as $1,700
The Pierce County Assessor-Treasurer is offering 261 tax-foreclosed properties for auction online.
Starts: November 17th, 2014 at 11:30 AM ET (8:30 AM PT)
Bids start as low as $1,214