Buy and Hold
A popular method of land investors is to buy the land and sit on it. If you buy land for a low price, you can wait to sell it so the land will appreciate. This is not a short-term plan, though. You’ll need to be patient and wait for the right time to sell your property.
Leasing
Another common way to make money on your vacant land is to lease it. You may have purchased a good piece of farmland that is just waiting to produce. You can lease it to a farmer and reap the benefits. If you have wooded land in rural areas, you can lease the land to a hunter. This way, they pay you to use the land, yet nothing is really done to alter the natural landscape.
Quick Turns
You can also sell the land off quickly. If you find a piece of land at a steal of a price, you can opt to sell it quickly, depending on the market.
If you have questions about buying and selling land
in the Lumberton area, come talk to Heritage Realty & Insurance.
