Investing in vacant land that is in a distressed situation with the owner is great way to start investing in real estate. Since the land is undeveloped, you don’t have to worry about potential pit falls of something wrong with any type of structure on the land, it’s bare land. As with any listing on foreclosure.com, since the listing is in some stage of foreclosure or bankruptcy, the lender will typically market the listing well below market value which will be a great way to get instant equity when you purchase the property. The end goal is purchasing land with the expectation that its value will increase over time, allowing the investor to profit by selling it later at a higher price.
Locating vacant land is just like locating any other typical real estate listings, find areas that you like, drive around those locations or use real estate websites, like foreclosure.com, that list out potential deals in your area. Remember, finding a good deal involves a little work, research, and sometimes creative approaches to locate properties. Additionally, always conduct due diligence, inspections, and consult with real estate professionals or advisors before making any purchase decisions.
Click on a state or county link below to begin searching for land for sale near you.
