Why I’ve switched to land investing

[G. Brian Davis]

Residential rentals can be a pain, between tenants, repairs, and regulations. We’re earning way higher returns on land right now instead.

I once had a professional tenant that took 11 months to remove. When I finally got them out, they had punched through every cabinet door and broke everything they possibly could in the house out of pure spite. All in all I lost $25,000 on them.

I’m sick of the BS. I’m sick of the 3am phone calls about clogged toilets or burnt-out light bulbs. I’m sick of the constant maintenance and repair costs — last year it was a plumbing problem, this year it’s the furnace, next year it’ll be the roof.

Which says nothing of growing anti-landlord regulation in the US.

My partner Deni and I are switching gears to land investing. No tenants, no repairs, no regulation.

And far less competition. With housing prices soaring, we’re looking at lots that cost a few thousand dollars, rather than rental properties that cost a few hundred thousand dollars.

Here’s an awesome case study on how one employee reached financial independence with land and quit his day job within 18 months. He followed a very specific strategy involving delinquent tax sales — if you want to follow the same blueprint check out this land investing course.

Scott earns 100-300% returns on his land investments. No exaggeration. Far cry from the 7-10% that you’re lucky to earn with rental properties!

Have you ever invested in land? What did you learn along the way, and how did it go?

[G. Brian Davis]

Quote from @Laura Stayton:

I "dabbled" in land purchases.  One I did well with (golf course community in South Carolina) and one I took a big beating on in Florida.  I like the idea of land purchases for the reasons you stated but it's tough to predict this more than homes.  What is your strategy to find solid deals?

We pulled county records and then contacted all land owners in tax default. It's just a numbers game. Helps to have alternative ways to contact owners beyond direct mail, such as SMS messages.