Cashflow from raw land?

[Ramon Cuevas]

Hello BP,

I recently listened to a podcast which featured Mark Podolsky a.ka the land geek and he discussed a strategy to cash flow from raw land. If I understand correctly, he is purchasing vacant lots at a discount and owner financing them at a higher price and creating cash flow. Anybody has any experience with this strategy? I bought 5 acres last year to build a home but have since reconsidered. I am considering selling it with owner financing or establishing relationships with builder/developer and maybe partner on a deal to try and develop land for new construction.

Any ideas/suggestions will be appreciated.