Need Innovative Strategies for maximizing profit off empty land

[Gaston Barua]

Hello BP! I have come across an opportunity to acquire a large quantity of vacant land at a very minimal cost. We are in the process of doing our due diligence to ensure the land is in a desirable location. My question is: if we decide to pull the trigger on this deal what are some creative strategies to optimize my return on this land? (We currently don't have the budget to develop it ourselves, but that would be the next step. ) Any ideas would be great! Regards, Gaston

[Gaston Barua]

@Jay Hinrichs The land is actually in Peru, South America. Its about 24 acres worth. It was offered to a relative of mine as payment for services rendered, meaning we risk losing nothing here. The current owners of the land inherited it and are very poor so have not been able to develop it or do much with it at all really. The town is a growing area and is bringing in lots of tourism. There are a lot of different crops that are planted in that area as well. 

Like I said we are in the process of figuring out the details at the moment. Just trying to get some ideas for proven successful tactics for making land a profitable investment. 

Thanks for your input!

Gaston