Investments in apartments, homes structures, commercial or residential properties is a major undertaking that requires lots of attention. There is a need to record titles, pay insurance, renters as well as sign leases. It is not difficult to locate vacant land. If you acquire it at very low cost the land can remain and draw buyers who would like to construct to purchase it at a higher price.
You won’t be competing with other buyers. Competition for buying houses and other buildings is high, which can make it difficult when you have to get the right to the land. There is competition in vacant land that’s more streamlined. It is easier to manage than other property investments.
A further benefit is that, if you use seller financing for the purpose of selling the property and then the borrower ceases making payments, it’s not much of an issue. The property could be taken back or the borrower could be able to keep their money, which means you’ll be able to decide to sell the property at a higher value.
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