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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.