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Updated over 1 year ago on . Most recent reply
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Raw land investing
I recently came across investing in raw land by buying, flipping, and selling it. Anyone who has tried this method - do you have any advice on getting started, pros and cons, comments on if it’s a good place to start my investment journey or not, or just any advice on this in general. Thanks in advance!
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@Nikki Nguyen biggest my advice would be make sure you know what you're buying and who your target audience is for selling it. Land seems fairly easy on the surface, but there can be a lot of nuances. Is it in a wetland and more or less useless unless used for recreation? Can it be built on and if so, what can be built on it? Is there a current survey available? Are there any weird easements or right of ways that would turn a buyer off? Are you comfortable holding the land and the expenses associated with that if there is no passive income such as farm leases available in the meantime?