Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

46
Posts
17
Votes
Jesse Lewis
  • Real Estate Agent
  • MS
17
Votes |
46
Posts

I have Land and No Use for it

Jesse Lewis
  • Real Estate Agent
  • MS
Posted

Good morning 

    I hope we are all well. Today I want to figure out how to generate revenue from vacant land that I own. I have about 5 acres of rural land. Previously farm land. This land has not been used for a while and as of right now, I am not putting it to any productive use. So I have 5 acres of land that I have no use for. 

Goal: I would like to be generating $1000 or more in profit per month starting in the next 30 days.

Ideas: I am thinking of the following possible uses for this land.

1. Rent out space as campsites. (VRBO, Airbnb, hipcamp)

2. Self storage

3. Rent out space to farmers.

4. Rent out space as a gun range.

5. Rent out space to people who raise animals/cattle.

Challenge(s): The biggest issue is not knowing where to look or start.

Where do I find farmers? Where do I find companies and individuals looking for what I have? What questions do I need to ask that I have not thought of? Who would/should I look to as a mentor paid or unpaid that would know what to do?

I am open to any and all ideas.

Most Popular Reply

User Stats

45
Posts
37
Votes
JT Olmstead
  • Specialist
  • Mesa, AZ
37
Votes |
45
Posts
JT Olmstead
  • Specialist
  • Mesa, AZ
Replied

Hey Jesse!

With a 30 day timeline your options are quite limited.

Assuming your zoning is some version of Agg then here are my suggestions on options to pursue. Many will take longer than 30 days but are among the fastest to cashflow or profitability.

1.Rent out space as campsites - As you noted, this can be done on a few sites. You'll need to verify the local regulations on this but assuming they're favorable this is probably the fastest path to cashflow.
2. Farmland/Cattle Land - The key here is going to be finding the right lessee to approach. Start with checking the ownership of the land near yours.
3. Hunting Lease - 5 Acres isn't usually considered large enough to hunt in most places but there's a small chance this could work
4. Gun Range - While there is a possibility here I would recommend steering clear of it due to a host of other problems and would likely spawn from this
5. Logging - Again, 5 acres is small here but If the timber type is of high value and you have enough timber you might be able to capture something

Those options above have the possibility of being able to be completed in under 90 days. There are lots of other options but the timelines and capital requirements are much higher. Things like Self Storage, Solar/Wind Farms, Gravel Pits, Etc.

Loading replies...