Vacant, raw, bare, undeveloped … these are generally not words you would associate with an exciting investment opportunity. But when you pair those words with land, you get one of the most stable and overlooked, long-term real estate investments available.
Bid4Assets hosts thousands of vacant land auctions every year and 2017 is shaping up to be no exception, offering many unique opportunities to investors nationwide. With that in mind, here are five reasons why you should consider adding land to your portfolio this year:
1) Vacant land can be a no-fuss investment.
Vacant land means simplicity and stability. You don’t have to deal with any of the problems that can come with owning other types of real estate. There are few, if any repairs, no tenants, no renovations and no utilities.
2) Land is cheap to own.
After the initial investment, raw land property taxes are typically low. There are no mortgage payments, no monthly bills, and the insurance is minimal if you choose to have it at all.
3) Buying land can be extremely easy.
Companies such as Radius, a frequent lister on Bid4Assets, make finding your next great land deal as easy as buying a new DVD player on Ebay. You can browse from your favorite living room chair, review pictures and due diligence, and place your bid, all from the comfort of your own home.
4) Land is a tangible asset.
While your stocks can become worthless paper overnight, you’ll never face that problem with land — it’s still there. Land is a solid, tangible asset. It doesn’t wear out, it won’t break and no one is going to walk off with your land in the middle of the night.
5) “Buy land, they're not making any more of it.”
This famous Mark Twain quote may sound cliché, but land is a finite resource. As a population grows and the demand for land rises, and that trend isn’t going away any time soon.
So, if you’ve overlooked vacant land as an investment opportunity in the past, there’s no time like the present to start. Many great deals are already available on Bid4Assets and only a click away.
This article was provided in part by Radius, a third-party real estate company that is not affiliated with Bid4Assets. To see auctions they currently have available on Bid4Assets click here. http://www.bid4assets.com/v5/search/#t=s|s=645650|sc=bidclosetime|so=ASC