Lots for sale... Buy or Pass?

[David Gjeldum]

Hey all,
Today I came across a few empty lots for sale.

I checked out the properties online. They are about 1.5 hrs away from where I live, in towns with a population around 15,000. They are in neighborhoods with houses around them (most likely developed land). There are three total.

Lot #1 is listed alone for $3995. 75'x140'. It is in a new neighborhood, in a gated sub division with a private lake, golf courts and parks. Lots in the same neighborhoods are listed (but have not sold) for 5- 12k. Homes listed for sale in the same neighborhood range from $128k - $300k.

Lots #2 and #3 are 50'x150', in a different town, and are 1.4 miles apart from one another. They are listed for $5k together, or $3k individually. They don't seem to have much value, because HOUSES in the area range from 20k-147k.

I have no intention of living in these towns. I do not have the experience to build houses or manage a project of that scope.

I have the cash to buy some (or all) of these properties... But I think the best option would be to pass these up...

My question is... Is there any benefit to buying and holding land?
Are there any ways I can get some profit out of these lots? Possibly wholesale them?

Thanks for all replies!