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Monthly Archives: June 2017

Raw Land Income

Storage

Have you noticed how many mini-storage rentals there are? If you have a building on site, this is also a potentially lucrative way to make extra money. These days, no-one seems to have enough room to store their stuff, making storage space a realistic way to earn some extra income. It may even be a wise investment to have a building put up if one does not exist. Those with an old barn could store four wheeler or boats during the off-season, making it one of the easiest ways to make extra money using your land (or trailers, campers, snowmobiles, classic cars -just about anything you can think of).

Camping

If you have level, open land that would be suitable for erecting tends, you should look into the logistics of starting a basic campground. Depending on the current condition of your property, it is possible to start up a campground with little start-up money. Usually to get started you only need stakes to make the sites, some campfire rings and a port-a-potty. There are so many free and inexpensive ways to advertise these days such as Craig’s List and backpage.com that you can at least place an ad and see what kind of interest it generates. If there is interest in your area, you have a pretty simple way to generate passive income without having to make a large upfront investment or doing expensive upkeep.

Logging

If your property includes wooded areas, it would be smart to get a few quotes from different logging companies to see how much you could earn from the timber. In order to preserve the value of the land, as well as for environmental reasons, I do not recommend that you clear-cut the land. However, you may be able to log part of it and preserve some of the wooded areas. You might want to look into logging companies that cut sustainably by selectively harvesting only certain kinds of trees. This protects the value of the land as well as lessens the negative impact on the environment. Just do a Google search on “sustainable logging companies” in your state.

Flea markets

If your land is in a high traffic area, I suggest that you look into renting it out as a flea market. Do you know how many small tables you can fit on an acre of land? Even if you charge just $15/day for each vendor and you have 20 vendors for the first year, you are already generating an additional $300/day which comes to more than $2,000/week. This is a very low-cost way to make use of your land while helping out local vendors and consumers alike. As usual, do some research on the logistics before diving in.

Cropland

Depending on the kinds of farming that exists in your area, there may be individuals or larger companies looking to lease land short-term or long-term for farming purposes. If you have tillable land, it would be worth your while to place an advertisement in the local papers as well as places like Craig’s List and backpage.com to see if you get any hits.

Buying Rural Property

One of the keys to getting a really good deal on rural or mountain property is knowing the market. By doing a lot of research online and in the newspaper, talking to agents and driving the area, you’ll get a good sense for market prices. This means that when you see a good deal, you’ll know immediately. When a property is listed for sale at a great price, it won’t last long. That’s why it’s so important for you to do your upfront research so that you will recognize it when you see it.

Once you find a potential property, there are some things that you want to be on the lookout for from the beginning. First, make sure that property is really in an area where you want to spend time. If you’re going to live there and work somewhere else, you do need to take into consideration your commute time.

Make sure that you understand what the water source is for the land. Some people are completely shocked and upset when they purchase property without realizing that it is serviced by a well or will require thousands of dollars to bring water onto the property. In fact, there are many counties in the country that will not give someone a building permit unless and until the property owner can prove that they have a good water supply.

Another thing to be mindful of is access to the land. You’d be surprised at how many people try to sell property that is basically landlocked. For instance, you want to check and see if you’re going to have to share a main driveway with any other property owners. If so, find out who is responsible for maintaining the driveway. This can often be a source of contention between property owners.

Finally, when buying rural or mountain property, make certain that you know if there are any specific regulations or covenants that govern your property. If it’s a smaller piece of land surrounded by other properties, there may be certain guidelines that you have to follow. While this can protect you from looking at junky properties around you, it can also prohibit some of the things that you may have wanted to do when your property such as storing an RV or putting up outbuildings.

Managers Approach Land Investments

equity index (performance adjusted for inflation) generated an annualised return of only 0.1 per cent. Bonds did better, with an annualised return of 6.1 per cent, benefiting from a low-interest rate environment that could change soon. Real assets including land can and often do perform much higher.

• Land assets are hedges against inflation – Real assets, including land, tend to rise in value with inflation. Fund managers value such things as farmland and forestry holdings because their products rise with inflation and increased yields (food and wood) over time as well. Considering strategic land investments, which prepares and converts raw land adding into housing-ready developments, the demand for housing and price increases that outpace inflation drive home this point.

• Land assets are non-correlative to financial markets – Land itself lost little value in the financial crisis while the financial markets were in a tailspin.

But to be clear, working in land investments comes with requirements:

• Illiquid, for better or worse – Almost all real assets cannot be disposed of easily. Investment in a joint venture land opportunity, for example, will come with contractual time parameters. It may be that the investor can exit after 18 months or after several years. Real estate investment trusts (REITs) are the exception, traded as market securities (and as such are subject to price volatility).

• Requires specialised skills – the predispositions of local planning authorities, home site design and infrastructure. It’s far from a market security buy-sell scenario – and just as importantly, it rewards strategic and creative thinking.

Free Land Really Exist

Property identification if the first and primary step for you where you need to show your selectivity and undergo some detective work in order to identify a suitable plot of property for you to stake a claim on.

An unclaimed property always has some signs which one can identify. Overgrown gates and gardens, shrub lands, unused garages, broken or bordered up windows, even unused commercial premises and industrial buildings can be examples of such signs.

Always remember that these signs are not very obvious. So if you drive around your neighborhood, you will surely miss these subtle hints. You need to walk around the locality to be able to spot such signs.

You need to do the Registration Check once your property identification is done. That is, you need to contact the local land registry in order to check whether the said piece of land is already registered or unregistered. It may also be that the status is pending first application.

Firstly, if the status is that it is already registered it might be that the owner has died and has no relatives of his or maybe that his relatives do not want this plot of land. The case may also be that the owner has permanently shifted abroad abandoning this piece of land.

Firstly, if it is registered this could mean a number of things like the owner has died and had no relatives, the relatives may not be interested in their share of the land or property or it might be that the owner may have just simply abounded it and moved abroad.

If the Land registry tells you that it is ‘Pending first Application’, they essentially mean that someone else has already beaten you to the land and claimed it before you. What you should do in such a case is let go of this plot of land and search yourself another unused and abandoned plot instead.

Once, you have checked the registration status of the promising piece of land, you need to trace its original owner next as because you will be asked to provide evidence of having contacted the person while you go ahead to stake a claim on any land.

An effective strategy would be to ask the immediate neighbors regarding any information about the owner. If they fail to give so try asking the post office, probate registry office (if he is dead), local landlords, milkman, newsagents and the like. You might also go and check the electoral roles.

Though it is not mandatory to provide any documents to the land registry, it is always better if you maintain an evidence of your claim commencement date. You can do this by drawing up a document and asking two of your friends or colleagues to sign as witnesses.

Doing things like putting up a fence or in fact a ‘No Trespassing’ signboard are good ways to find out quickly whether there are at all any owners to the plot of land.