7 Ways to Make $1,000 per Month From Land

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Some people would have you believe that land can't generate passive income (like a rental property can)... and those people would be WRONG. In this video, I'll give you 7 (actually, 8) solid examples of how vacant land can generate a long-term, consistent, and sustainable source of income for years into the future.
0:00 - Intro
0:23 - Strategy 1
1:47 - Strategy 2
3:24 - Strategy 3
4:20 - Strategy 4
5:05 - Strategy 5
5:53 - Strategy 6
7:10 - Strategy 7
7:56 - Strategy 8 (BONUS)
Of course, not every idea is feasible for every situation, but if the zoning rules allow you to accomplish these objectives, you could be well on your way to earning new income streams from dirt!
#landinvesting #landinvestment #landinvestor #landflipping #landflip #passiveincome #recurringincome #realestateinvesting #realestate

Пікірлер: 278

@varghen0 4 жыл бұрын

1. Land Flipping 2. Airbnb 3. Parking 4. Storage 5. Mobile Homes 6. Green Energy 7. Outdoor Advertising 8. Farming

@MsBillionaire1989 4 жыл бұрын

Thanks !

@oliver-ty3im 4 жыл бұрын

Noice somebody actually reads descriptions of videos

@jenny-DD 2 жыл бұрын

A guy who actually has some sense - nice You must be a cute Asian or white guy with a fake name for security

@austingreene1101 2 жыл бұрын

I have land I'm trying to turn into a airbnb .. I just have to much money outcome and not enough income to build on it yet 😩 but these videos help keep me pushing

@fence29 Жыл бұрын

Many thanks Henrique, this was very helpful.

@supergflexxx 4 жыл бұрын

Land by the interstate with solar or wind can also create your own EV Super charging stations which will be on the rise!

@obiedashinobi1322 3 жыл бұрын

Indeed

@feliciahepburn2854 3 жыл бұрын

Just watching this. Can you elaborate? I’ve heard minimal information on it.

@jayc5099 3 жыл бұрын

Great idea dude!

@lexc.7991 3 жыл бұрын

@Crypto KO Yeah, can you elaborate any more on this? Do you have any more insight you can share?

@904lifestyle 3 жыл бұрын

Interesting idea.

@LandElevated 4 жыл бұрын

This is a great guide. It's nice to learn about how you're developing the land after you bought it. We're going to start sending our customers to this video so they can learn more about what it takes to develop their own land.

@Retipster 4 жыл бұрын

Great idea! You're more than welcome to share it around. :) Thanks for watching!

@vanessaf7412 3 жыл бұрын

Never thought about monetizing land in some of these ways! You definitely opened my eyes to more ways to create different avenues of passive income/wealth. Shifting my mindset/perspective!

@floridanews8786 Жыл бұрын

Same here, I have alot of property here in Florida and don't want to sell it. Looking for ways to keep it and make an income

@NatalieOman 3 жыл бұрын

WOW- I didn't even think of some of these options. Thanks for the Tips!

@Retipster 3 жыл бұрын

Thanks for watching Natalie!

@tfodexo7132 5 жыл бұрын

Free game! God Bless You brother. Saving up money rn for land.

@teestreet3685 3 жыл бұрын

No such thing as free game it costs your life

@ryanthepianoman27 3 жыл бұрын

Can we partner?

@jsaesthetics5189 2 жыл бұрын

Land is so cheap where I live. I snagged a 50 acre forest for 36,000, cut and sold a quarter of the trees then built a big house. The house cost me about 200,000 but I rented it out for 1100 a month. It won’t take but 24 years to see huge profits.

@ChrisInvests 5 жыл бұрын

I'm working on my passive income sources. I have a few sources now and I just started my channel on personal finance!!

@obiedashinobi1322 3 жыл бұрын

Stay powerful

@GrowthMindsetProductions 4 жыл бұрын

I *really* enjoy the quality and variety of educational videos on this channel. All I can say is *keep* *it* *coming* ! :)

@Retipster 4 жыл бұрын

Great to hear! Thanks for letting us know!

@v.prabhuv.prabhu2823 4 жыл бұрын

@@Retipster Dear sir your from where and I want to speak with you to make business

@olusabaolukayode9191 3 жыл бұрын

Thank you for this great and valuable advice. I have gained a lot from your lecture. Land is a great asset.

@Retipster 3 жыл бұрын

Thanks for watching!

@Nustechnologybahamas 5 жыл бұрын

THANKS FOR THE INFORMATION, I REALLY WAS OUT OF IDEAS WITH MY 1.3 ACRES OF LAND IN THE BAHAMAS.

@savelikeaprowithleah5157 2 жыл бұрын

Super Informative!Thanks for Sharing!

@Retipster 2 жыл бұрын

Sure thing! Thanks for watching!

@justusethis2379 4 жыл бұрын

Thanks man. I learned new things today

@dhand34 4 жыл бұрын

Hey did you ever find out if the private road was a right of way easement to the property ??

@e2daz265 4 жыл бұрын

Good luck to all of you on your journey I hope the best and nothing but positivity for all of you !!!

@Retipster 4 жыл бұрын

Thanks Edgar! Same to you.

@nandorueda6296 3 жыл бұрын

Remember the permits for the cities For some Bussines the land have a commercial area

@bigboi3339 5 жыл бұрын

Your ideas are genius!! Thanks man

@Retipster 5 жыл бұрын

Thanks for watching!

@vr4class885 5 жыл бұрын

Great video! Any suggestions on how to find (cheap) land for sale?

@Retipster 5 жыл бұрын

Yeah, actually. This blog post explains the way I got started: retipster.com/delinquent-tax-list - or you could also try this approach: retipster.com/findingmotivatedsellers1

@zshell-thomas2358 8 ай бұрын

Great advice! Thank you.

@Retipster 8 ай бұрын

Thanks for watching!

@thinkforyourselfjohn3163 3 жыл бұрын

Great information. New subscriber. Thank you !

@Retipster 3 жыл бұрын

Thanks for subscribing!

@DairysEntertainment 5 жыл бұрын

Great ideas, I love it. Do you have any videos on what categories or characteristics you consider before purchasing land? How you evaluate what they maybe worth based on location etc and how you come up with a offer after all is said and done. Do you use an agent as a middle man or do you make all the deals on your own. Thanks for the awesome video and info!

@Retipster 5 жыл бұрын

Thanks! I don't ever use agents, as they generally don't bring much value to the table in terms of land expertise (at least, none of the ones I've met have been able to do this). As for researching, you might want to check out this blog post: retipster.com/fastresearch and as for making offers, check out this one: retipster.com/offerprice - hope that helps!

@vaubanschwarzwald3058 4 жыл бұрын

Kick ass video. Very educational. Thanks 4 sharing.

@Retipster 4 жыл бұрын

Thanks! I appreciate that!

@wrightinvestments9072 5 жыл бұрын

Great video. Recently started in property investing. Love the many ways of going about what you need to do. Airbnb is great.

@solo127 4 жыл бұрын

Wright Investments hi can I ask how it’s going and how you like it?

@FindMoreLocalCustomers 5 жыл бұрын

Thanks Seth ~ I appreciate you!

@Retipster 5 жыл бұрын

Thanks Bobby! I appreciate you too man.

@jimnicricket369 4 жыл бұрын

Very informative bro

@thesuitshow9944 Жыл бұрын

I’m thinking about using the tiny home option as I live in the Cotswolds (in the uk) so we tend to get a lot of people staying here

@ashleygore5744 2 жыл бұрын

Thank you for your great advice!!

@Retipster 2 жыл бұрын

Sure thing!

@setapart33 5 жыл бұрын

Thanks very informative.Do you personally prefer unrestricted land or restrictions?

@Retipster 5 жыл бұрын

unrestricted in most cases

@flowersfromh-evanlakshmi7577 3 жыл бұрын

I created a 2nd home in my 2 acre land, so both homes are rented out. I also rented out two spots for RV parking space and I have a marijuana green house which has a permit. It looks tacky though. If you are into interior designing and gardening i do not recommend these ideas. I love gardening and interior designing so I am in the process of buying a 2nd home which has a cottage style home and a manufacture home in the same property. If everything goes well with escrow I will use this property as an outdoor wedding venue and events. I am thinking of creating the cottage home into a tea house for parties the house and garden for the wedding venue. I also want to set aside a space in the garden and create a Japanese tea house. Just a few more ideas to add to the list.

@jakedonahue2275 2 жыл бұрын

Martin County, Kentucky!! Next big place for real estate in five years. Calling it now. Solar power company coming in, infrastructure spending coming in.

@WallStreetIceCream 3 жыл бұрын

What states are good to look for land ? What are some keys to look for ?

@blessedbythebest1003 4 жыл бұрын

Interesting ideas. Gracias

@babes4615 3 жыл бұрын

Love your idea .

@theforbiddentruth7766 4 жыл бұрын

Hi Seth. I loved this video!

@Retipster 4 жыл бұрын

That's great! Thanks for watching and letting me know!

@jonathandillon1524 2 жыл бұрын

I made my first million investing in stock as a beginner, the secret is making proper researches and division of labor

@dovieursery7130 2 жыл бұрын

that's true, did you trade your self ?

@jonathandillon1524 2 жыл бұрын

@@dovieursery7130 No I hired a Pro to assist Mack Daron Wilson look him up

@dovieursery7130 2 жыл бұрын

@@jonathandillon1524 I see his Profile , its impressive , thanks

@donnettefortino8142 2 жыл бұрын

his last conference before corona break was very informative ,, I look forward to seeing him again in New york

@jenny-DD 2 жыл бұрын

When you woke up -and realized you were late for your McDonald's shift Did you get fired ?

@tresoville2692 2 жыл бұрын

Great video

@xavianhammett248 5 жыл бұрын

how do you get the companies to pay you for yo land? how do you make ah lease with them by email, calling what??

@CokeysCasino 3 жыл бұрын

Get a commercial realtor or triple net lease broker

@khaldounelbey3968 5 жыл бұрын

"Who would want to buy in a place like Detroit"???? Detroit is a veritable gold mine, buddy.

@amplifiedbible07 5 жыл бұрын

Really?

@khaldounelbey3968 5 жыл бұрын

Really. Detroit, is 140 sq miles., sitting on a river of commerce flowing through the St. Lawrence Seaway. You could place Manhattan, Boston, and San Francisco inside of Detroit with room to spare...plenty of land for commercial or residential development opportunities in addition to the existing stock. Stop believing what you see on tell-lie-vision. If I only show you images of ugly people daily for several years, you will begin to conclude that the world is only populated by ugly people.

@jerryrolon9902 5 жыл бұрын

@@khaldounelbey3968 aye bro iv been saying this forever lol...i would by up most of Detroit houses cheap.. buy the whole block and or blocks..then start building after clean up then sale all the new houses stores whatever...but it takes $$$ to make $$$ n im broke lol just always having ideas...

@yoganathankarthikesu8921 5 жыл бұрын

Khaldoun El Bey not any more , it’s now been belittled by the sun belt.

@khaldounelbey3968 5 жыл бұрын

@@yoganathankarthikesu8921 You know not of what you speak on.

@HotOffThePressFilms 3 жыл бұрын

What about very rural area land for sale or rent? Does the same thing apply?

@Retipster 3 жыл бұрын

It could. Just depends on the features and allowed uses of the property.

@mjwmontgomery 2 жыл бұрын

Your a genius.

@a1jones 3 жыл бұрын

Looking to use my dad's va loan to buy some land thanks for info

@12vLife 4 жыл бұрын

But what about zoning? I'm looking at some cheap commercial land in central Florida to use for storage and to park and sleep in my truck sometimes. Maybe rent spaces to truckers and RVs. Not much is going on in the neighborhood and the lot is only 1/2 acre lot. I would install bathrooms, showers and laundry machines. Nothing too big - maybe 20 spaces and mostly and initially so i can use it and get around all the laws that stop you from living in your truck or van. Wondering about Zoning and business license challenges and strategies on this.

@Retipster 4 жыл бұрын

Zoning is definitely an important consideration, and it will play a big role in what you can/can't do with a property - so you'll want to verify that your plans are okay with the zoning department before you get too far down the road with buying a property and/or setting it up for your desired purpose.

@MusafirsSoul 2 жыл бұрын

Which states are rv/trailer friendly for Airbnb purpose?

@landforsalebydannnylanddot8351 5 жыл бұрын

Seth! Amazing.... I agree with Veronica... You are BRILLIANT! Ha! ~Your new student!

@Retipster 5 жыл бұрын

You're too kind Daniel. :) Thanks buddy!

@landforsalebydannnylanddot8351 5 жыл бұрын

@@Retipster You're welcome, Seth. The truth is easy! 🤓

@Brian-mc4pd 4 жыл бұрын

What about the mineral rights. Years ago we bought 26 acres in western NY and our lawyer (old family friend) was very specific about making sure we owned everything. We didn’t even know that was a thing that existed. Can you explain a bit about that? Is it a county or state thing? We are looking at buying other land in other states and our friend is retired. Is this an issue when you buy your land? Great videos by the way. Nice and clear thanks

@Retipster 4 жыл бұрын

The mineral rights matter IF you're planning to drill or mine the property (or if you're depending on lease income for the mineral rights). If those things don't matter (i.e. - you're just planning to use the surface of the property, which is what most people do) then the surface rights would be all that matters in 99.9% of cases.

@electroclassics 2 жыл бұрын

Imposible to find land with minerals rights. Here in Florida I try to find … and ALL of them keep their right since 1971

@lucid6192 2 жыл бұрын

So how would I be making money if they park on my land?

@marceliarakoski6394 Жыл бұрын

Thank you for information it was very helpful for me make extra money so I don’t have to struggle so much

@Retipster Жыл бұрын

Thanks for watching! I'm glad it was helpful.

@prettythang_bnicole 3 жыл бұрын

I learned so much in this video

@Retipster 3 жыл бұрын

Awesome! I'm so glad to hear that!

@chancem7135 3 жыл бұрын

I’m going to make an Airbnb when I move next year for hunting

@Retipster 3 жыл бұрын

Cool! Sounds like fun. Best of luck to you!

@Pam0284 3 жыл бұрын

How do you know where a cell phone tower or solar farm is going to go, though, in order to buy the land first?

@Retipster 3 жыл бұрын

You'd probably have to make some calls to the local utility company and/or cell company to see what they need and what they can work with (if anything).

@carlalong4075 Жыл бұрын

Do campers need a septic tank or what set ups ?

@user-vh2ui2it3i 2 жыл бұрын

great honest video

@Retipster 2 жыл бұрын

Thanks for checking it out!

@sarthakdixit2161 4 жыл бұрын

I am amazed... so creative ideas really ! 😃

@Retipster 4 жыл бұрын

Glad you enjoyed it! Thanks for watching.

@sarthakdixit2161 4 жыл бұрын

@@Retipster Thanks for sharing 😊

@russlejones5337 4 жыл бұрын

🤯! Thank you!

@jenniferoviawe 5 жыл бұрын

These are great ideas. I just put a doen payment on this piece of land in texas and I was thinking of how I can make passive income so that I can use the money to pay it off.

@Retipster 5 жыл бұрын

That's great to hear Jennifer! Good luck with your property in Texas.

@tweezzytwezz9605 2 жыл бұрын

You drive trucks jennifer

@soniaarmstrong8742 3 жыл бұрын

Hi i have a private island can u help to find a in vestor in sri lanka

@Weljefedk 2 жыл бұрын

i am about to buy 9 acres for $500,000 1 acres comes with 2 double wides that have 2 cashflowing tenants cashflow is $2,300 monthly how would you make this a 10x investment ? would you build a storage unit/ multifamily?

@void________ 3 жыл бұрын

If you use it as a parking lot you also need insurance.

@Myesctacy 3 жыл бұрын

i live in the iddel of texas with no citys near by only farming

@funkjames Жыл бұрын

Can you elaborate on which zoning is necessary for each of these projects?

@Retipster Жыл бұрын

Billboards and storage will almost always require commercial zoning. Airbnb or hipcamp would be residential (assuming short-term rentals are allowed). Farming would be agricultural. Green energy could be a mix, depending on where and how it's applied. To some extent, it depends on the municipality and what each zoning classification allows in those areas.

@seairagoosby8287 Жыл бұрын

Wow this is awesome thanks so much

@Retipster Жыл бұрын

Thanks for watching!

@clambert2020 5 жыл бұрын

Very good information that has practical application. Thanks do much!!

@Retipster 5 жыл бұрын

Glad to hear you enjoyed it! Thanks for watching!

@drabdell 2 жыл бұрын

Thank you

@qmyers367 2 жыл бұрын

If anyone buys a vacant lot in the middle of the city, I guarantee they aren’t trying to figure out how to make money off the property.

@MobileHomeGeek 6 жыл бұрын

This is gold👊

@Retipster 6 жыл бұрын

Thanks Ryan! I thought so too. :)

@MobileHomeGeek 6 жыл бұрын

REtipster Green energy sounds/outdoor advertising sounds very interesting..any info on where i can research more information about it..im in the dfw market!!😎

@Retipster 6 жыл бұрын

I don't have a ton of info on this, but you might find this article helpful with regard to the wind energy option: retipster.com/windfarm101

@MobileHomeGeek 6 жыл бұрын

REtipster thanks😎👊

@benjamindejonge3624 Жыл бұрын

So I’m a European, I’m probably never there or come over , what do you advise me

@grantguy8933 2 жыл бұрын

What about renting out to hunters for deer season.

@Retipster 2 жыл бұрын

Another *perfect* example. I'm surprised I didn't include that in this video! Thanks for chiming in. :)

@grantguy8933 2 жыл бұрын

@@Retipster thank you for all the good work.

@mdmahafuz5060 3 жыл бұрын

Your advice is nice and very fine planing.Thanks for your videos.

@void________ 3 жыл бұрын

Some land has to be zoned for tiny houses.

@marydoherty9188 3 жыл бұрын

i live in the uk and just found my american birth dad after a 20 something year search, nice to know im part american :D he is not in good health so i just bought 5.82 acres in the suthern missouri ozarks for somewhere to stay when i eventually can get over there to meet him face to face for the first time in my life ( prob wont happen tho because of his health) i have the land on seller finance but im hoping to eventually be able to do some sort of 'property development for profit' then re invest again if it works out right the first time round lol

@Retipster 3 жыл бұрын

Sounds like a cool plan, Mary! Best of luck to you.

@marydoherty9188 3 жыл бұрын

@@Retipster ty :D

@chelo52k 3 жыл бұрын

I am interested in buying a cheap land that will be a nice residential area in 3-5 years, where can I see this opportunities? When I Google it, a lot of trash comes up, I am looking for a nice future project without paying the price of the fully developed area, not interested in mayor cities, more like wooden areas Thanks

@Mike_Greentea 2 жыл бұрын

I'll tell you for $99.99.

@goranbezjak9830 10 ай бұрын

Very good information. Thank you. I would like to know if there is a right of pre-emption in the United States of America, such as "farmer status". I am from Slovenia, EU. I buy land often and I'm also a farmer. In our country, when buying agricultural land, regardless of the set price, priority is given to neighboring farmers, farmers and so on. When buying forests, priority is given to the one who owns the forest closer to it. Even among farmers, there are different pre-emptive rights. It is also intended to combine land into larger areas. If the farmer does not compete for the agricultural land or forest, the seller can sell the land to anyone. The price of land in our country is increasing. In recent years, by approximately 100%. The current price of agricultural land varies between 2 - 5 euros.

@kimreese8745 4 жыл бұрын

So many kinds of ways ideas interesting....

@Retipster 4 жыл бұрын

I know! It's pretty cool, isn't it?

@veronicamorgan7052 5 жыл бұрын

Dude you're brilliant..love your ideals.thanks ..

@Retipster 5 жыл бұрын

Thanks for watching Veronica!

@zanb5397 4 жыл бұрын

Hi my grandfather has 20 acres of land, no one is using the land. I would like to create passive income. How do I find people that want to rent the land?

@Retipster 4 жыл бұрын

That depends on the zoning, location, and highest and best use of the property (among other things)... would need a lot more information to offer any real suggestions.

@davidmadison6345 3 жыл бұрын

How much ? Themadisongroup99@gmail.com

@infinitelove3221 4 жыл бұрын

Very interesting.

@Retipster 4 жыл бұрын

Glad you think so Grace!

@forfreedomssake4315 3 жыл бұрын

Thanks

@LaughLounge11 3 жыл бұрын

my dad owns 13 hectares and im thinking of ways i could earn from it by not selling it.

@Glebiys 4 жыл бұрын

I found few lots in California and would like to find who owns it and make an offer. How to find who owns and their contact info?

@edwardsencion6167 3 жыл бұрын

Go to the city or call the city if your out of state. And ask who owns it?. For a small fee they will give you a print out, or verbaly give you the info over the phone after you pay the 5 dollar fee, more or less depending on the state. I get info for 50 cents per property. Good luck.. Ps its in the tax office have adress ready for them

@NadyaPena-01 2 жыл бұрын

You don’t even need to go to or call the city office. Everything is online now. What you do is google the county’s GIS or tax map. It should take you to a section of the county website where you can view a map of the area and you can click through the land lots and see the information you’re looking for!

@morningstarfromdawn6764 3 жыл бұрын

What about set up a cemetery?

@Retipster 3 жыл бұрын

That could work too. I hadn't even thought of that.

@edwardwhite221 5 жыл бұрын

Seth, you sound like the college educated weekend warrior for sure. What you are touching on in this video isn't where the real money is. You look for the low quality junk that's cheap. This stuff will never morph into high end development property. It will be purchased by a duck hunter or someone who prefers the wet landlocked low ground. what you need to do is research before investing. Target speculation and time will make you the best return but plan on paying fair market value for the stuff just outside of the rat race. An hour out or the edge of a popular county. this stuff will most likely get state and federal utilities in the near future and speculators that you beat to it will be willing to pay more for it. It sounds like you have a small business account so im not sure if this game is for you or not. I've been in a long time and turned profits in 8 states. Been there, done that. too much to teach you here but good luck. I enjoy your videos. Keep them going my friend.

@cabazaingram9703 5 жыл бұрын

Edward White teach me you ways I’m just now starting and I’m 26

@factfactory575 4 жыл бұрын

Hey wanna be my mentor?

@edwardsencion6167 3 жыл бұрын

Help !!!!! Lol ... Just what ive been Looking for.money isnt Everything but its up there with oxygen, you need it to live

@fluffyhoneytina 3 жыл бұрын

Can I have yard sales or rent the lot to a taco truck.

@Retipster 3 жыл бұрын

Not a bad idea! Of course, it all depends on what the local zoning will allow and any other restrictions they may have, but you could always give them a call and see if this kind of use could work during certain times of the year or certain local events.

@lr9673 2 жыл бұрын

How much income can be had monthly from renting 5acres to a farmer?

@Retipster 2 жыл бұрын

That depends on a variety of factors. Is it irrigated or non-irrigated? What state and county? What's the historical crop yield? What crop is the land good for (or is it better for grazing)?

@prodigyxl Жыл бұрын

My only concern about flipping lands is that you may lost greater opportunities by not owning it anymore.

@Retipster Жыл бұрын

Yeah, it's possible. There's really an opportunity cost both ways, depending on whether you sell it as-is or try to force the appreciation higher in some way.

@sithuon6306 5 ай бұрын

Hello nice to see you here, actually I'm living in Cambodia, I like watching your videos so I have question, are you interesting to do investment in my beautiful country?

@antoninoarato 3 жыл бұрын

Lol you're the guy that offer me $900 for my acre of land . I just sold it for 40k for the 2 building lot.

@Retipster 3 жыл бұрын

Good for you! Way to hold out for the better price.

@Aury2508 3 жыл бұрын

When is youtube going to let us watch a video and then go to our notes 📝 at the same time on our phones.

@BeefStewy 3 жыл бұрын

Most newer Samsung phones allow you to do this.

@eibbor171 4 жыл бұрын

if your land has trees can you cut them down ? lets say hypothetically you "own" the land can you cut them down or is Big Govt get in the way of that or some bullshit law i live Sask,Cananda by the way

@edwardsencion6167 3 жыл бұрын

Yes you can do as you please!! The joys of ownership!!! Cut it down, cut it up, sell fire wood.

@afaleteozero6517 2 жыл бұрын

Sadly some of thoose tips do not work in germany..

@carlel4219 3 жыл бұрын

dont forget the property taxes !!!!!!!!!!!!!!!!!!!!!!!!!!!! or they will take it away from you if you dont pay. Also, people who smoke and might set the place on fire. or who refuse to pay the rent will present you with a challenge. You might also have to face dangerous trespassers with the local authorities and courts not responding as fast or favorably as you might like to. There are risks.

@ciaoamerica71 Жыл бұрын

Lots that are 'dirt cheap', no pun intended right?

@kaylorpaniagua1242 3 жыл бұрын

Seth, thank you for the awesome videos. I followed your advise back in 2016 and have bought and resold land. Thank you! Question about another way of making money from land. I have a rock and sand contractor wanting to to dig a 4 acre pond on my 24 acre property which is out off town limits (Texas). He says he will pay X for dump truck taken out, and that he will build me the pond. It would be a 4 month project. It just sounds to good to be true? Have you heard of anyone buying dirt from a property owner and paying them to take it out? I am beginning my research, but if you or anyone has any info on this I am all ears. Thank you.

@Retipster 3 жыл бұрын

Hi Kaylor, thanks for the nice comment! Yes, I actually have heard of this. There's a local gravel company near me that has dug out 3 large lakes over the past 30 years. All they wanted was the gravel, and once they were done, they created a lake from the hole they dug in the ground. This kind of thing can actually bring a lot of value to an area if it's planned out well... a big housing development was built around one of these 3 lakes and the developer made a killing (all from property that had a much lower value before the lake was there). So yeah... I think there's potential to this, as long as there's a clear plan and everyone knows what they're doing. If you end up doing this, let me know how it goes! Sounds like a cool project to learn from.

@kaylorpaniagua1242 3 жыл бұрын

@@Retipster - That's awesome to know that it's actually legit and could be a good opportunity for property value. The gravel company took soil samples today, so I will surely let you know how it goes. Just wanted to get your take on it, because if it sounds to good to be through it probably is. I will take the advise on planning and make sure that they have a solid one. Thank you for the great feedback. :)

@taylorsessions4143 2 жыл бұрын

@@kaylorpaniagua1242 hey, just curious if this panned out for you?

@timeslidr9063 5 жыл бұрын

A scammer sold an acre of land to my parents for $5000. My parents didn't know that it would fail the perc test but it did and when they tried to sue the person for their money back, they filed for bankruptcy leaving my parents devastated. They eventually gave the property to me. I want to do something with it. I was thinking of storage or making a solar farm. It's at the end of a small trailer park. I was thinking I could sell energy or storage space to them. How do I go about finding out if I can do that or not?

@michaelbacile8439 5 жыл бұрын

Call the city to discus your idea. If they okay it then you’ll contact the trailer park owner and present them with the idea. If they agree then it’ll be up to you for coordinating permits and installations

@hithere3143 5 жыл бұрын

timeSlidr Clever solution.

@natashaw1050 5 жыл бұрын

How was the sale a scam? Not being funny- I'm asking bc im new to looking at raw land

@timeslidr9063 5 жыл бұрын

@@natashaw1050 They said it would pass a perc test but it didn't. They lied to us. My parents should have known better to not trust what the seller was saying but they didn't know. It was pre-internet.

@natashaw1050 5 жыл бұрын

@@timeslidr9063 thanks for replying!

@PaulLadendorf 4 жыл бұрын

Funny, none of those options are viable on either of the two properties I own. Airbnb would be the only real possibility and they are too far from the city for that.

@Retipster 4 жыл бұрын

Yeah, some properties are pretty restrictive in what they can be used for (bummer, I know). I've found that (generally) the more rural a vacant lot is, the more flexible it tends to be in terms of uses.

@karenpatterson3726 5 жыл бұрын

what to do if they owe back taxes on the land? someone contacted me about a vacant residential lot and they owe back taxes.

@Retipster 5 жыл бұрын

That's a fairly common scenario (in my experience, anyway). When I encounter these, I plan to pay them off and I factor it into my offer price and overall investment.

@karenpatterson3726 5 жыл бұрын

@@Retipster So i found out the back taxes are 16,000 and they have the vacant property listed for sale on zillow for 17,700. in your opinion is this a good deal?

@Retipster 5 жыл бұрын

@@karenpatterson3726 It depends who is going to pay off those taxes. If it's you (the buyer) will have to cover that cost PLUS the purchase price, then no - it's not (not unless it's worth FAR more than the $17,700 they have it listed for). Even if the seller is planning to pay them off, I still wouldn't consider that a "good deal" unless the property's real value is far in excess of their listing price.