News

My favorite types of real estate deals are the ones where I get properties free. The most common way people get free real estate is through inheritance. Unfortunately for me, I have no rich uncles to leave properties for me to inherit.

Real estate is the most powerful wealth creation tool. If used correctly, you can create your own inheritance. Deals involving raw land are some of my favorites, and should be considered by anyone looking to invest in real estate. Here are several types of low- or no-cost land deals and some guidance on how to pursue them.

Raw Land

The opportunities to make money on rural raw land are just as abundant as they are with urban properties, and with fewer usage restrictions. If you look at a map of the U.S., 80%-90% is undeveloped rural land. Yet the competition for these opportunities is virtually non-existent.

Even if you do not have the liquidity to make an initial purchase, you can often structure your acquisition using owner financing. Sellers of rural land are much more open to selling land using seller financing with deferred payments and deferred interest accrual than sellers of urban real estate. I have purchased land with as little as a $1,000 down payment with the first payment not due for 90-180 days.

Source :https://www.forbes.com/sites/forbesbusinesscouncil/2022/10/12/how-to-acquire-investment-property-at-low-or-no-cost/?sh=3a0d270a33f2&fbclid=IwAR0n_gZn1qW31ZIshtEktp4uzEE1wbKFlOGvCoI6W11F3QIT1GGAkQQC8M4

Tags: Real Estate Business