In general, when not happy with what we are currently doing we tend to look around, asking ourselves what else we can try. It's amazing where that journey can take you. Many people have found an interesting path – making money with raw land.
Sometimes we can be paralysed by the amount of options. It is so easy to get overwhelmed and end up trying nothing.This quote by Mark Victor Hansen says it all.
"Don't wait until everything is just right. It will never be perfect. There will always be challenges, obstacles and less than perfect conditions. So what? Get started now. With each step you take, you will grow stronger and stronger, more and more skilled, more and more self-confident and more and more successful."
That is why it is exciting to know how to make money in the low end of the real estate market. Quite simply there is a lower amount of money to invest up front and this will give comfort to those that are nervous to start. I love interviewing and hearing my guests stories and hearing about their journeys. Funnily enough they all started with a desire to make a difference in their lives. Some were unhappy with their jobs, their circumstances, their work hours or the commute they were making each day. They all wanted to have those special things that we all desire. Time and money, and having it lead us to the nirvana of replacing our full time job with our hobby or our special money making interest.
Raw land Real Estate investing is popular for many because it is tangible. You can see it, touch it and have title over it. Have a look for yourselves.
- Land banking – renting out vacant land – usually industrial for recurring income and creating that mail box cheque in the mail each month
- Land flipping – buying land discounted in counties Tax Deed auctions and then flipping the land and selling them on time payment setting up another stream of income
- Mobile home parks – create higher than average returns from Mobile Home Park Investing. There is always good recurring income streams to be created in the low end of the market There is always good money to be made in the low end of the real estate market. You don't have to have a shiny house to make money in real estate. Remember, it is usually the land component that keeps going up when you own property. For those who want to invest in real estate then consider raw land deals as a more economical way of starting your investing journey.