Raw Land as Passive Income

[Matt Anderson]

Hey guys, my family has owned about 15 acres north west of Austin, Texas for 30 years now. Ive been looking into ways to monetize the property through a passive income method, as I do not have time to be there running an operation. So far I have come up with seasonal Christmas tree farming. If anyone can give some ideas on how I could generate a steady passive income in the Austin area with 15 acres, it would be greatly appreciated ! Cheers 

[Gonz Trevino]

Hey there! That is great that your family has land. That is a very valuable area. Here are a couple of places to look into some potential strategies:

- Have you investigated who owns the nearby land? If you are lucky it may be a farmer or rancher who may be interested in leasing your adjacent land and expanding their business operations. You can lease the land to them to grow crops or raise cattle.

- Have you looked at all your alternatives? It would not be very expensive to purchase a few shipping containers and make a small cabin for people to vacation to if you have some extra capital and a nice area there with good greenery. It can be marketed internationally as a vacation rental on VRBO, Homeaway, AirBnb, etc.

- RV Park, Trailer Park, Storage, and a few other rental businesses should not be too difficult to do. You can also find people who need somewhere to store big vehicles like boats and RV's.

- Can this possibly be leased out for hunting? Can this possibly be leased out for camping?

- Sell the Timber / Wood. If you play your cards right you can harvest and sell a lot of Timber.

- Do any frequented roads pass by your property? Sell billboard space!

- Can this be leased to energy companies? Solar / Wind companies may be interested. Please do research if you do this as some energy companies like Solar companies will want a 20+ year lease at times. Make sure you will not use that land for a while.

- If it is fenced you can lease it to local horse or cow owners that need a place for their cattle to graze temporarily. They will mow your acres for you and make you some money. It'll usually be a short term lease but can make you some immediate money.

- You can farm / cultivate / raise cattle yourself. Start your own business. Get creative! Get the entrepreneur bug going!

- Get it surveyed. Find out if there are any minerals you can mine. You might get lucky.

- Many landscaping and construction companies need place to store things like dirt, rocks, wood, supplies, etc. Connect with those companies and see if you can strike a business deal.

Good luck! Just some ideas off the top of my head!