Think owning land would cost a fortune? Think again! While land prices on the extreme coasts motors upward, there are millions of parcels for sale throughout the USA that can fit into anyone’s budget. There is probably a land deal that could make you a profit happening right under your nose right now. Time to wake up and seize the day!

A quick stroll along the MLS system in any state will reveal a plethora of land for sale. These parcels will be priced from as little as a couple thousand dollars on up to millions of dollars. However, this system only reveals one side of the coin. Flip it over to peer at the underside and a whole new world is revealed. Land is being sold for as little as one hundred dollars out there. The trick is finding this land for sale.

First, let’s take a look at where you can find land to make a profit on.

Newspaper

Believe it or not, your average newspaper can be a super source for hunting down land bargains. The classifieds could hold your next big land score. Aside from straight land deals, you will find notices for auctions like Tax Lien sales here.

Websites

The Internet has many websites with land for sale like MartinelliDevelopment.com. You can find great land at super cash prices and generous financing options. A quick trip to your favorite search engine can yield a plethora of results. Here are some keywords to try:

1. Land
2. Land for Sale
3. Raw Land
4. Homesite
5. Home Site
6. Land Auction
7. Parcel of Land

As your search, you will come up with many more. You can buy great land at super prices without leaving your home.

Online Auctions

First, auctions that are offline can generally be found through your local paper. Online auction places like Ebay can be a good place to find deals. If you are not familiar with auctions, make sure you read over all the rules and commitments before bidding. You should have a set final price in mind and never go over it. The whole point of buying at an auction is to get a good deal.

What to look for.

So now that we have ways to find super deals on land and build our wealth, let’s look at some things you want to look for in a piece of land.

Body of Water – In general, a piece of land by water is more valuable because water is a common link between us all. You would be hard pressed to find someone who does not want land with water on it or by it. Unless the water is a hazard site, try to find parcels near it.

Proximity – Land that is within a 2 hour drive of a major populous point can be valuable. This is a short drive for many and owning good relaxation land is a great idea. For example, if you had land by a lake and that lake was within 2 hours from a major city, it could be very valuable.

Utilities – Not all land in America has all the common utilities available to it. Lots of raw land needs to have these brought into the parcel. Factors in price would include if the utilities are to the parcel already, if they are available, how far away they are, and so forth.

Remember, when buying land, think ahead. Just because the area looks quiet today does not mean it will be that way forever. The land you are on right now was vacant at one time and now look at it! You don’t need to purchase land that is in Manhattan or the next hot spot to make lots of money. You could purchase parcels in the middle of nowhere and build wealth. For more on buying land, visit my website (JakeTruman.com).

In the old days people generally only bought land and improved Real Estate in the areas in which they lived or traveled often. Today, thanks to the blossoming of the Internet, one can purchase land all over the United States from the comfort of home. While there are some cautionary measures to be taken, the profits that can be realized are immeasurable.

Why land?

Unlike improved Real Estate (IE a house on land), raw land can be purchased for much less. When you see homes appreciate, what do you think is appreciating? Is it the decaying materials used to build the home? Is it the look of the home? In fact, the large part of the increase is because the raw land the home sits on has went up in value, which is normally due to demand.

Buying a home can be a very stressful situation. For many, this is not even an option because of large down payments needed and/or credit and employment issues. It is extremely common for raw land to be bought and sold on owner financing. If you look around, you will see millions of acres of land up for sale daily where the potential buyer simply needs to say yes and start making payments.

Land comes in all sizes, locations, and prices. You do not need to be a rich mogul to get started building your land portfolio. In fact, if you have a couple dollars to your name via cash or credit, you can start right now.

It’s all about profit!

Every single day of the year land is being sold at wholesale prices on the Internet. The Internet has made it easy for owners of land to sell their parcels and many offer their land under retail value for a quick sale. The Internet is also full of sellers who own land and don’t know the real value of their land. I have seen parcels being sold for as little as 20% of their real worth!

By purchasing land online you can gain land at wholesale prices thus gaining instant equity. Additionally, you can have enough room to sell that land at a discount to another party and still make money. Cash is king, so the more you have, the better deals you will get. However, even if you have little cash, you can still get super deals on land with owner financing.

What to look out for.

As with anything in life, there are some risks associated with buying land online. However, you can reduce or practically eliminate your risk by doing some common things. First, make sure the seller is going to issue you a WARRANTY DEED on the land you are going to by. Do not accept a quick claim deed. Ask your seller if the title has any liens, judgments, or back taxes. Sometimes the answer is yes. This is not a bad thing though. Simply figure in the amount owed into the purchase price. Many times a seller will lower the price of the land to move it before more penalties are assessed.

Many times sellers won’t have pictures of the actual lot for sale, but the general area. This normally happens with parcels that are cheaper because the seller might not live in the area and it is not financially viable to travel there to take a picture. When this is the case, make sure the place exists first and then do some research on the area. For example, go to a search engine and type in the county, city, subdivision, or other data that is identifiable like a lake.

Finally, ask the seller what the taxes and HOA fees, if applicable, are.

There are many places online with land for sale like MartinelliDevelopment.com, who offers land with guaranteed approval on financing. If you decide to try the auction route, Ebay.com is a good start. Most of the land sold here is cash only. Buying land online is a great way to make money and build a solid land portfolio for future wealth.

Copyright 2005 JakeTruman.com