If you’re a real estate investor and you’re wondering what your next investment should be, have you considered investing in land? It’s an often-overlooked investment with a lot of potential, and it’s a simple way for someone to extend their real estate investing portfolio in a different direction. Here are 4 reasons to add land to your investment portfolio in Myrtle Beach .
Some investors will ONLY invest in land, yet many investors don’t even think of it. If you’re an investor, have you considered investing in land? There are many reasons why a land investment might make sense for your next acquisition.
Here Are 4 Reasons To Add Land To Your Investment Portfolio In Myrtle Beach …
Reason #1. Diversify From Structures
We all know that diversification in your portfolio is a good thing but when you invest in real estate, how do you diversify? One way is to invest in raw land instead of land with a structure. Land with structures (whether residential or commercial) can be a lot of work and have a high cost just to maintain. But land without any structures is much easier and cheaper to maintain – you may only need to mow the lawn and that’s it! We’re not saying that you shouldn’t invest in real estate with structures, but it’s nice to have an investment where the structure isn’t a worry.
Reason #2. Long Term Play
Investing in land can be a long term play, especially if you buy outside of a city. Some investors will buy empty plots of land near a city and then wait. It might take a few years but as the city grows, a well-chosen plot of land could be in the path of development. Before you know it, the city has grown up around that plot of land and it’s now worth so much more.
Reason #3. Quick Flips
Land can also be an ideal investment because it provides the potential for quick flips. You can acquire land very cheaply, make a few small improvements, and flip it. The profit won’t be huge but if you do this right, you can make decent money. A good example might be when you acquire an infill lot that is overgrown with trees and bushes. You might buy it, clear the land, and sell it for a small profit to someone who wants to develop the land.
Reason #4. Multiple Exit Strategies
Raw land investments have multiple exit strategies: you can keep it for yourself and enjoy the land recreationally (strategy #1) before deciding what to do next: you could sell the land the way it is (strategy #2), or subdivide the land and sell it in pieces (strategy #3), or even start building on the land yourself to sell (strategy #4) or rent (strategy #5). There are so many ways to make money from investing in land.
Land investments are a compelling way to invest. If you’re looking at your next investment, these are 4 reasons to add land to your investment portfolio in Myrtle Beach .
Want to check out what land might be available to acquire in Myrtle Beach ? We can help with that. We have a list of land investment properties that we’ll share with you. Just let us know that you want to see the list by calling (843) 256-8393 or by clicking here to fill out the form.