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Updated almost 8 years ago on . Most recent reply
![Samuel Bavido's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/777882/1621497190-avatar-samuelb53.jpg?twic=v1/output=image/cover=128x128&v=2)
How can I make use of this empty plot of land?
When my wife was 15 her dad convinced her to buy a 10 acre plot in Arizona off Ebay. She paid $100/month for ten years, so now we own this little bit of land. The upside to the property is that it's about 10 miles from the entrance to the Painted Desert National Park, and it has about 150 feet of frontage on HW 40. I don't actually know the current value of the land.
What options (aside from selling) are there to do something with this? Can you take out a loan against the value of an empty piece of desert? Is it possible to use it as collateral for some sort of deal? I don't want to sell it, but right now it's just $12,000 sitting there doing nothing, and that irks me.
If this was your land, what would you do with it?
Most Popular Reply
![Samuel Bavido's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/777882/1621497190-avatar-samuelb53.jpg?twic=v1/output=image/cover=128x128&v=2)
*Business idea: buy a used well digging rig, purchase desert land off Ebay, dig a well, cap it, and resell.