Land investment offers several avenues to enhance your real estate portfolio. Raw land deals include becoming intimately familiar with different counties in Arkansas and their zoning for residential, multifamily, commercial, agricultural, or even for the land’s natural resources. Other aspects of land use are for the public, such as schools and parks, open spaces, and even the right of way to individual properties.
Land allows you a pathway to build passive income. Passive income will enable you to live out your retirement in the style you’ve become accustomed to on your terms. Raw land is relatively easy to acquire, and there is no fierce competition found in vacant land investing as in the rental housing sector of investment properties. Hence, bargains are not as difficult to attain. Additionally, land requires a low level of maintenance as opposed to structures. There are no tenants to worry about, and there is an excellent variety of possibilities for using the land to increase your cash flow. Read on to learn more about five ways to capitalize on vacant land in Arkansas.
From beginning investors to experienced investors adding to your real estate portfolio, why not start flipping to capitalize on vacant land in Arkansas? While flipping houses may be familiar to you, land too can be flipped for a quick profit. Typically, entry into land ownership requires much less capital and a great deal less paperwork and pre-closing work to be done. You can often purchase land at a bargain, then resell or even offer owner financing and earn interest on the sale for many years to come.
Buying a parcel large enough to be subdivided is another excellent way to capitalize on vacant land in Arkansas. Subdividing land is a complicated transaction. However, with proper management of the project, there is a potential for high returns on this type of investment. The raw land is subdivided into multiple properties and sold. Reach out to the planning and zoning department in the county you’re interested in to find out about their process for subdividing land.
Developing raw land may sound like a daunting task for newcomers. However, there is no reason to avoid this fantastic opportunity to capitalize on the ground in the state of Arkansas. Hard work pays off, and when developing land, this is especially true. You will need to perform extreme due diligence to ensure you have a plan and you’re prepared for every step of the process. Rezoning your land parcel and developing it can be extremely lucrative.
Holding onto land long term is a less complicated method to capitalize on vacant land in Arkansas. However, you shouldn’t automatically disregard this option. The potential for high returns on the investment is quite attractive. While cities and populations may grow and expand, there is a limited supply of land. While structures may deteriorate and decrease in value, land can continue to appreciate depending on the location. A carefully calculated investment in vacant land can become a high-demand location in the path of growth and bring an excellent return on your investment in given time.
Work with a Pro
From zoning approval to a development project on a large scale, there may be no better advice you receive than to team up with an experienced investor. Investing always carries risk. However, when you set out to capitalize on vacant land in Arkansas, there are rookie mistakes that you can avoid by working with a professional full-time investor, like the pros at Global Abundance LLC. For more experienced investors, why limit yourself? Expanding your investment team allows the ability to increase your portfolio to a scale impossible to manage on your own.
Ready to capitalize on vacant land in Arkansas? Global Abundance LLC has inventory available for you to get started. From funding to locating vacant land properties anywhere in the United States for a specific need and every aspect of the deal, Global Abundance LLC will help you get the job done right. Call us at (800) 953-2124 or send us a message today!