Land a good Investment ??

[Tim Wenger]

Currently own 3x Short-Term Rentals and 1x Long-Term Rental. 

I have an off market deal for 12acres of vacant property near a small town in Colorado. Total asking price is $32,000, seller financing over 10years. I have no experience investing in vacant land. I'm researching ways to make vacant land cashflow. Open to any ideas, resources or suggestions from people who have experience investing in land. Thanks for your time! My budget is limited as I just setup a new rental. 

[Austin Hendrickson]

I've got a decent amount of experience investing in land. It's a niche real estate play and it really depends on the specific piece of land. Most of my deals are residential land deals that I end up selling within a few months or a year. I've also done development deals with larger builders. 
If you are purely talking about land without development then it really doesn't generate much cashflow unless its farmland, hunting etc. Keep in mind that you will be paying the property taxes with no income to offset but on vacant land they are usually reasonable.