Useful Real Estate Tips and Information for Buying Land

Renting Out Land – How Much Can You Be Making

You own land, and you want to hold onto it until it appreciates enough to be flipped for a profit. After all, you are making an investment, and your land isn’t making you money until you sell it. But you would be wrong if this was your attitude. Land is a great investment, but it needs to start making you money. The truth is that if you’re not renting out your land in some fashion, you’re throwing money down the drain. Property taxes alone can cause you to lose out on your land’s true appreciation value because taxes can be low or high (thousands) depending on the size of the land. A smart investor will start making money immediately by renting out their land. But how much can you really make off of renting your land? This is a difficult question to answer, and one that we’re going to try to answer from multiple different angles. Land is a versatile resource, and there are numerous ways you can rent your land out for a profit. Farmland Rental I’m going to be honest – you need a lot of land if you have hopes of renting it out. You’ll find that […]

Renting Out Land – How Much Can You Be Making

You own land, and you want to hold onto it until it appreciates enough to be flipped for a profit. After all, you are making an investment, and your land isn’t making you money until you sell it. But you would be wrong if this was your attitude. Land is a great investment, but it needs to start making you money. The truth is that if you’re not renting out your land in some fashion, you’re throwing money down the drain. Property taxes alone can cause you to lose out on your land’s true appreciation value because taxes can be low or high (thousands) depending on the size of the land. A smart investor will start making money immediately by renting out their land. But how much can you really make off of renting your land? This is a difficult question to answer, and one that we’re going to try to answer from multiple different angles. Land is a versatile resource, and there are numerous ways you can rent your land out for a profit. Farmland Rental I’m going to be honest – you need a lot of land if you have hopes of renting it out. You’ll find that […]

Renting Out Land – How Much Can You Be Making

Calculating the Actual Costs of a Fixer-Upper: What to Consider

Dreaming of buying a fixer upper and making it your own? Maybe you already have a property in mind, or have even gone as far as contacting a few contractors for an estimate. You may think you have an idea of how much the repairs will cost, but more often than not, the true costs of a fixer-upper are much higher than you had imagined. That doesn’t mean you shouldn’t buy that handyman’s special you’ve been eyeing for weeks. But it does mean that you should sit down and really calculate the costs that come along with a fixer-upper. What Can You Do Yourself? Reality TV makes home renovation look like a piece of cake. But in reality, renovations are often a tough job. They’re physically exhausting, and you never know what may pop up along the way. You need to be physically and mentally prepared for the project. Sit down and really figure out how much of the work you can actually do yourself. If you don’t have any prior experience in the construction or home remodeling field, you may be limited by what you can do. Or you may be ambitious and will to make a few mistakes […]

Calculating the Actual Costs of a Fixer-Upper: What to Consider

Dreaming of buying a fixer upper and making it your own? Maybe you already have a property in mind, or have even gone as far as contacting a few contractors for an estimate. You may think you have an idea of how much the repairs will cost, but more often than not, the true costs of a fixer-upper are much higher than you had imagined. That doesn’t mean you shouldn’t buy that handyman’s special you’ve been eyeing for weeks. But it does mean that you should sit down and really calculate the costs that come along with a fixer-upper. What Can You Do Yourself? Reality TV makes home renovation look like a piece of cake. But in reality, renovations are often a tough job. They’re physically exhausting, and you never know what may pop up along the way. You need to be physically and mentally prepared for the project. Sit down and really figure out how much of the work you can actually do yourself. If you don’t have any prior experience in the construction or home remodeling field, you may be limited by what you can do. Or you may be ambitious and will to make a few mistakes […]

Calculating the Actual Costs of a Fixer-Upper: What to Consider

Buying 3 Acres of Land – Is It Worth It to Invest?

You want to invest in land, but you don’t have a whole lot of money to spend. Most investors can comfortably afford to buy 3 acres of land, especially if you can find deals for $1,000 or even $2,000 an acre. But is it worth it to buy just 3 acres? Where can you find 3 acres of land at a price you can afford? What You Can Do with 3 Acres of Land You don’t need to buy 100 or even 10 acres of land to earn a return on your investment. Even 3 acres of land can be productive. Here’s what you can do with a 3-acre plot: Rent the Land If you don’t plan on living on the property, you may consider renting the land for hay or other crops. Renting can earn you a nice steady return, but remember, the person you rent to has a legal right to a piece of the property. If you live on the land, you may find this option to be too invasive. On the other hand, if you’re just purchasing the land to hold onto it as an investment, renting is a very viable and practical option. Raising Chickens […]

Buying 3 Acres of Land – Is It Worth It to Invest?

You want to invest in land, but you don’t have a whole lot of money to spend. Most investors can comfortably afford to buy 3 acres of land, especially if you can find deals for $1,000 or even $2,000 an acre. But is it worth it to buy just 3 acres? Where can you find 3 acres of land at a price you can afford? What You Can Do with 3 Acres of Land You don’t need to buy 100 or even 10 acres of land to earn a return on your investment. Even 3 acres of land can be productive. Here’s what you can do with a 3-acre plot: Rent the Land If you don’t plan on living on the property, you may consider renting the land for hay or other crops. Renting can earn you a nice steady return, but remember, the person you rent to has a legal right to a piece of the property. If you live on the land, you may find this option to be too invasive. On the other hand, if you’re just purchasing the land to hold onto it as an investment, renting is a very viable and practical option. Raising Chickens […]

Buying 3 Acres of Land – Is It Worth It to Invest?

Owner Financed Land for Sale – Advantages and Downsides

When you read about land investing, and even some of the posts on our blog, you’ll see a lot of talk about owner financing. You may even read that this type of financing is your best option, which may be the case if you cannot secure a conventional loan. But just like any other loan type, there are advantages and disadvantages to owner financing. What is Owner Financing? How Does It Work? Simply put, owner financing is when the buyer finances the purchase of a property directly through the seller. This type of financing is common in the land market, as it can be very difficult to obtain a conventional loan through a bank. If you don’t have cash in hand and the buyer is looking to get rid of the property quickly, owner financing may be negotiable. In some cases, part of the financing may be through the owner, and a small portion will be covered by a bank loan. The great thing about owner financing is that nearly all terms are negotiable, including the interest rate, repayment term, payment amount and the amount financed. Typically, rates are higher than conventional loans, but there are no loan fees incurred. […]

Owner Financed Land for Sale – Advantages and Downsides

When you read about land investing, and even some of the posts on our blog, you’ll see a lot of talk about owner financing. You may even read that this type of financing is your best option, which may be the case if you cannot secure a conventional loan. But just like any other loan type, there are advantages and disadvantages to owner financing. What is Owner Financing? How Does It Work? Simply put, owner financing is when the buyer finances the purchase of a property directly through the seller. This type of financing is common in the land market, as it can be very difficult to obtain a conventional loan through a bank. If you don’t have cash in hand and the buyer is looking to get rid of the property quickly, owner financing may be negotiable. In some cases, part of the financing may be through the owner, and a small portion will be covered by a bank loan. The great thing about owner financing is that nearly all terms are negotiable, including the interest rate, repayment term, payment amount and the amount financed. Typically, rates are higher than conventional loans, but there are no loan fees incurred. […]

Owner Financed Land for Sale – Advantages and Downsides

Land for Sale in Nevada – Securing the Best Deals Possible

Known as the Silver State, Nevada is home to the iconic town of Las Vegas and is the 7th most extensive state in the U.S. Although the state is comprised primarily of desert land, it still manages to attract millions of tourists each year. With a favorable climate and plenty of open space, Nevada is a great place to invest in land. While affordable land prices are attractive, there are plenty of other factors that make this state a smart choice for investment. Population and Demographics Nevada as a whole had a population of 2,890,845 as of July 2015. That’s a 7.05% (51,746) increase compared to the 2010 census. The vast majority of the state’s population growth is centered in Nye County, where the town of Pahrump has been rapidly growing since 1980. As of 2010, the town had approximately 36,000 residents. North Las Vegas and Henderson are two of the top 20 fastest-growing cities in the United States with populations over 100,000. Mesquite, which is located 65 miles north of Las Vegas, saw a spurt of growth between 1990 and 2000. Searchlight and Indian Springs have also seen exceptional growth. Per capita income is the highest in the following […]

Land for Sale in Nevada – Securing the Best Deals Possible

Known as the Silver State, Nevada is home to the iconic town of Las Vegas and is the 7th most extensive state in the U.S. Although the state is comprised primarily of desert land, it still manages to attract millions of tourists each year. With a favorable climate and plenty of open space, Nevada is a great place to invest in land. While affordable land prices are attractive, there are plenty of other factors that make this state a smart choice for investment. Population and Demographics Nevada as a whole had a population of 2,890,845 as of July 2015. That’s a 7.05% (51,746) increase compared to the 2010 census. The vast majority of the state’s population growth is centered in Nye County, where the town of Pahrump has been rapidly growing since 1980. As of 2010, the town had approximately 36,000 residents. North Las Vegas and Henderson are two of the top 20 fastest-growing cities in the United States with populations over 100,000. Mesquite, which is located 65 miles north of Las Vegas, saw a spurt of growth between 1990 and 2000. Searchlight and Indian Springs have also seen exceptional growth. Per capita income is the highest in the following […]

Land for Sale in Nevada – Securing the Best Deals Possible

Top California Areas Where You Can Still Purchase Affordable Land in 2016

What do you think of when you hear “California?” Many people think of luxurious houses, Hollywood, the busy streets of Los Angeles and, of course, the land boom that made many people wealthy millionaires. And we almost forgot to mention the gold rush. California is a very expensive state – there is no denying that – but if you are willing to move outside of the major cities, you’ll find affordable land for sale. Sure, you won’t find land on the beach for sale at an affordable price in California, but you can find land if you move just a little bit inward from these destinations. California has a little bit of everything from rolling hills to mountains and an even desert -like areas. A very diverse state, you’ll find that there are opportunities just waiting to be secured by land investors. Let’s take a look at some of the most popular areas where you can still find land that is affordable: Palmdale / Lancaster, California Located in Los Angeles County, the city of Palmdale spans 106 mi.² and has a population of over 152,000 people, according to the 2010 census. Estimates from 2013 put the city’s population near 157,000, […]

Top California Areas Where You Can Still Purchase Affordable Land in 2016

What do you think of when you hear “California?” Many people think of luxurious houses, Hollywood, the busy streets of Los Angeles and, of course, the land boom that made many people wealthy millionaires. And we almost forgot to mention the gold rush. California is a very expensive state – there is no denying that – but if you are willing to move outside of the major cities, you’ll find affordable land for sale. Sure, you won’t find land on the beach for sale at an affordable price in California, but you can find land if you move just a little bit inward from these destinations. California has a little bit of everything from rolling hills to mountains and an even desert -like areas. A very diverse state, you’ll find that there are opportunities just waiting to be secured by land investors. Let’s take a look at some of the most popular areas where you can still find land that is affordable: Palmdale / Lancaster, California Located in Los Angeles County, the city of Palmdale spans 106 mi.² and has a population of over 152,000 people, according to the 2010 census. Estimates from 2013 put the city’s population near 157,000, […]

Top California Areas Where You Can Still Purchase Affordable Land in 2016

5 Leading Tips to Consider When Buying Residential Land

When buying residential land, there are several things that need to be considered. While you may be tempted by a great deal or an excellent location, failing to do your due diligence can make you regret your decision later on down the road. If you’re in the market for residential land, keep these five leading tips in mind. 1. Never Buy Without First Inspecting the Property Never buy a piece of property without seeing it and inspecting it firsthand. Get a survey from the current owner, and walk the entire property. Surveying the land can help you pinpoint the best building location, or it can help you uncover some potential issues with the land that may prevent you from using the property as you intended, such as wetlands or environmental hazards. After walking the property, you’ll have a better idea of how much clearing the property requires and any other potential costs that may be added to the cost of preparing the land for building. Also, consider the area surrounding the property. Is it quiet? Are the neighbors friendly? Does it offer a quick commute? Is it close to amenities? Spend some time in the area at different times of […]

5 Leading Tips to Consider When Buying Residential Land

When buying residential land, there are several things that need to be considered. While you may be tempted by a great deal or an excellent location, failing to do your due diligence can make you regret your decision later on down the road. If you’re in the market for residential land, keep these five leading tips in mind. 1. Never Buy Without First Inspecting the Property Never buy a piece of property without seeing it and inspecting it firsthand. Get a survey from the current owner, and walk the entire property. Surveying the land can help you pinpoint the best building location, or it can help you uncover some potential issues with the land that may prevent you from using the property as you intended, such as wetlands or environmental hazards. After walking the property, you’ll have a better idea of how much clearing the property requires and any other potential costs that may be added to the cost of preparing the land for building. Also, consider the area surrounding the property. Is it quiet? Are the neighbors friendly? Does it offer a quick commute? Is it close to amenities? Spend some time in the area at different times of […]

5 Leading Tips to Consider When Buying Residential Land

Ensuring Conveying of All Rights and Interests When Buying a Property

When you go to buy a piece of property, you’ll do so with the intent of actually owning the land after the purchase has occurred. A major issue is that many buyers do not ensure the conveying of all rights and interests in the land prior to the purchase. When this happens, you may not own certain portions of the land, such as the minerals, or the person selling the land may not even have the right to sell the property to you. What Land Rights Need to be Conveyed? The rights to own the land should be conveyed at the time of purchasing the land. Surface rights mean that you own the “top” of the land. Essentially, you’ll own the grass, trees and any structures that are part of the land itself. All of the rights to these essential parts of the land will be owned once the title of the land has been transferred to your name. The surface of the land is normally what will be passed to the buyer, but what about what lies underneath the surface; the valuable minerals for example? What Land Interests Need to be Conveyed? There are horror stories from property owners […]

Ensuring Conveying of All Rights and Interests When Buying a Property

When you go to buy a piece of property, you’ll do so with the intent of actually owning the land after the purchase has occurred. A major issue is that many buyers do not ensure the conveying of all rights and interests in the land prior to the purchase. When this happens, you may not own certain portions of the land, such as the minerals, or the person selling the land may not even have the right to sell the property to you. What Land Rights Need to be Conveyed? The rights to own the land should be conveyed at the time of purchasing the land. Surface rights mean that you own the “top” of the land. Essentially, you’ll own the grass, trees and any structures that are part of the land itself. All of the rights to these essential parts of the land will be owned once the title of the land has been transferred to your name. The surface of the land is normally what will be passed to the buyer, but what about what lies underneath the surface; the valuable minerals for example? What Land Interests Need to be Conveyed? There are horror stories from property owners […]

Ensuring Conveying of All Rights and Interests When Buying a Property

Acres of Land For Sale – What’s The Best Acreage Size To Invest In?

If you’ve decided to invest in land, one of your first concerns may be the size of the lot. After all, the more acres you have, the higher the return – right? Not necessarily. Many investors ask what size acreage is the best to invest in, but the answer isn’t as clear-cut as you would imagine. There really is no right or wrong answer. The amount of acreage you invest in will depend on one key answer: What Will the Land Be Used For? When it comes to acreage, the primary concern is the use of the property – and your ROI goals. Farming If your goal is to farm the land and generate income, you’ll need more than just an acre of land. Micro-farms may be able to operate on 10-20 acres, but your income will be limited in this case. For traditional – and diverse – farming operations, you’ll need (ideally) hundreds of acres. Why so many acres? If you plan on raising livestock, you’ll need plenty of space for grazing. And the larger your herds and flocks, the more space you’ll need. With 160 acres, you would have plenty of space for a 50-ewe flock, a herd […]

Acres of Land For Sale – What’s The Best Acreage Size To Invest In?

If you’ve decided to invest in land, one of your first concerns may be the size of the lot. After all, the more acres you have, the higher the return – right? Not necessarily. Many investors ask what size acreage is the best to invest in, but the answer isn’t as clear-cut as you would imagine. There really is no right or wrong answer. The amount of acreage you invest in will depend on one key answer: What Will the Land Be Used For? When it comes to acreage, the primary concern is the use of the property – and your ROI goals. Farming If your goal is to farm the land and generate income, you’ll need more than just an acre of land. Micro-farms may be able to operate on 10-20 acres, but your income will be limited in this case. For traditional – and diverse – farming operations, you’ll need (ideally) hundreds of acres. Why so many acres? If you plan on raising livestock, you’ll need plenty of space for grazing. And the larger your herds and flocks, the more space you’ll need. With 160 acres, you would have plenty of space for a 50-ewe flock, a herd […]

Acres of Land For Sale – What’s The Best Acreage Size To Invest In?

Land for Sale in Pennsylvania – Great Opportunities

The state of Pennsylvania has a lot to offer to residents. Not only is the state known for its Amish community, but Pennsylvania also experiences all four seasons and has a lot of land for sale. A great state to live in, prices are much cheaper in Pennsylvania than other parts of the Northeast, and the population has grown steadily over the past 10 years. Pennsylvania Population Growth and Statistics Census information from 2000 and 2010 provides us with a general outlook of the state’s population. This information indicates that 421,325 people were added to the state’s population between both of these years. This is a growth of 3.4% over a decade. In total, the 2010 census estimated that Pennsylvania had 12.702 million people living within the state. Estimates from 2015 indicate that there are now 12.802 million people living in Pennsylvania – an increase of 100,000 people. Pennsylvania ranks as the sixth most populous state in the country, and has a total landmass of 46,055 mi.². The majority of the people, 90%, speak English, with 4.1% of the population speaking Spanish and 5.8% of the population speaking another language. Median household income in the state is ranked 26th in […]

Land for Sale in Pennsylvania – Great Opportunities

The state of Pennsylvania has a lot to offer to residents. Not only is the state known for its Amish community, but Pennsylvania also experiences all four seasons and has a lot of land for sale. A great state to live in, prices are much cheaper in Pennsylvania than other parts of the Northeast, and the population has grown steadily over the past 10 years. Pennsylvania Population Growth and Statistics Census information from 2000 and 2010 provides us with a general outlook of the state’s population. This information indicates that 421,325 people were added to the state’s population between both of these years. This is a growth of 3.4% over a decade. In total, the 2010 census estimated that Pennsylvania had 12.702 million people living within the state. Estimates from 2015 indicate that there are now 12.802 million people living in Pennsylvania – an increase of 100,000 people. Pennsylvania ranks as the sixth most populous state in the country, and has a total landmass of 46,055 mi.². The majority of the people, 90%, speak English, with 4.1% of the population speaking Spanish and 5.8% of the population speaking another language. Median household income in the state is ranked 26th in […]

Land for Sale in Pennsylvania – Great Opportunities