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Vacant land is one of the most overlooked real estate investments. Most, or rather 99% of people think of investing in residential or commercial properties when they plan to invest in real estate. However, buying land is so much more profitable! The notion that buying vacant land is a ‘weak’ option exists because people have the following assumptions -
- It just sits there, nothing really happens
- It does not produce any income
- It is straight-up boring
This is truly a misconception because, in reality, vacant land can seriously produce some good cash flow and is one of the best investments according to Port Aransas Real Estate.
Here are a few reasons why investing in a land is the most viable option
With the right piece of land comes simplicity and stability. When you purchase the right land for sale in Port Aransas TX and at the right price, you can overcome a myriad of problems that come with any other type of real estate investment. If you are overlooking land as a viable investment opportunity, here are a few pointers that will prove you wrong -
Land investors have very little competition to tackle with
If you are tired of the stiff competition on every property you try on purchasing or sick of getting the outbid on every good deal you are finding, then investing in land is the option you must consider. There is very little competition when it comes to raw land investment. You can take the help of realtors in Port Aransas TX and invest in land that is sure to give you a positive cash flow. Most investors have their minds set on investing in houses, apartments, commercial properties because they go with the crowd. What they fail to understand is the superior benefits that come along with the land and you can take that to your advantage.
Raw land investment is definitely hands-off
Most people are tired of the non-stop tenant problems. Also, other problems related to mold, bugs, toilets, lawn care, leaking roofs, bursting pipes, broken furnaces, and 10,000 other problems that come with owning buildings. Thankfully, these issues will be at bay when vacant land is involved. Once you buy vacant land, it just sits there and nothing happens.
When you own vacant land, you literally have to do nothing to the property
Construction at a side, renovations at a side… there is literally nothing you will have to do for rehabbing the property. In a lot of cases, you only have to know one thing - whether or not the property is suitable for what you want to use it for. As long as somebody else is able to use the lad at its best use possible, you have won the battle!
Vacant landowners are motivated sellers
Statistically speaking, vacant land owners are highly motivated sellers. Since no one lives there, the property (vacant land in this case), they have a less emotional connection as it is not the primary residence. Sometimes, you can grab a great deal because the sellers may want to sell it because they are not living near that property. Hence, you can have some incredible deals in store for you. Check out Real Estate for sale in Port Aransas right here.
When you become a pro at this game, you can effectively buy and sell the vacant lands without seeing them in person
Whenever you see Port Aransas lots for sale online, all you have to do is simply get in touch with your trusted realtor. The entire process can then be done virtually. The beauty of vacant land is that it comes with no structures. Hence, the inspection process is pretty straightforward here. When you know you have done your research right, you can easily buy vacant lands without visiting them in person.
Land investors call their own shots
When you buy Port Aransas property for sale, i.e. land, it becomes very easy to buy the property with your own money and avoid the hassle of mortgages altogether. When you know where you can grab the best deals on land, you only need minimal start-up capital to get going. And even if you were to borrow money from money lenders, taking a mortgage for land has an easy process.
When it comes to long term investment, owning land is pretty inexpensive
When you buy a piece of land at the right price, you have bare minimum mortgage payments to make. No utility bills, Minimum property insurance, and affordable property taxes. If you wish to lock in some of your cash and forget about it, buying land for sale in Port Aransas TX is the way to go about it. Simple and Convenient!
Add seller’s financing to the mix and see your income potential shoot up
When a vacancy is combined with the power of seller financing, there is nothing like it! It can open the doors for finding many more buyers because a lot of banks are often hesitant to lend money on vacant lands. Because of the scarcity of easy money, financing for vacant land properties, land investors can use this thing in their favor. They can charge a higher than the market interest rate and people will gladly pay for it. Seller financing can also be a great way to create a passive source of income.
Landowners have peace of mind
The land is a long-term tangible asset that does not go through any wear-outs and never depreciates. Nothing can be broken, destroyed, or stolen. With all of these benefits attached to owning vacant land and your ability to buy it at an affordable price, there surely is no better combination!
They are not making any more of it
Most people fail to have this approach towards land. However, in reality, the land is a very precious resource and is available in limited quantities. When you purchase land in the path of growth, you will notice that you have a finite asset that other people are still waiting to get their hands on. While other investment options like stocks, bonds, mutual funds do make sense in some scenarios, land does too. If you hold the right property for the long term, then it will make a lot of sense and be very profitable as compared to other investments.
To sum it up, here are some advantages to owning vacant land
- No dealing with tenants, and toilets
- Buy properties at an affordable rate
- Very low competition and motivated sellers present in every market
- Low acquisition cost with little to no financing required
- Very high returns even on the average deals
- The hands-free and simple property type that is quite well-behaving
Also, do not forget to check out the dos and don’ts when buying vacant land by clicking right here.
The bottom line
Right from residential to commercial to vacation properties, there are a lot of investment opportunities available out there. But the above-mentioned reasons are why investing in land for sale in Port Aransas TX is a viable option for you.
Contact Port Aransas real estate to know more about it.