Considering that vacant land is one of the most limited resources in the United States, it is one of the safest and secure investments you can make. Because of the finite amount of land, and the inability to make more of it, land is becoming more and more sought after.
Vacant land is probably the only real estate investment that does not have any cons. It’s pros are considerable: no buildings to worry about maintaining, it won’t burn a hole in your pocket with ridiculous expenses, and you don’t have to do anything with it if you don’t want to!
Being that land is becoming scarce, investors are growing more and more attracted to it. A definite benefit of vacant land is the fact that there are not buildings, meaning there is little to no maintenance compared to other common Real Estate investments. There are no leaky roofs to fix, unclogging of pipes or replacing carpet to deal with. Minimal upkeep is the beauty of a vacant land investment and if you work with a reputable seller you can generally get vacant land at a discounted price.
A couple of the easiest options to make money on vacant land are; leasing your land to a farmer, leasing your land to a rancher, selling wood from your property, renting your land to a solar company, or renting it to a hunting club. All of these options are simple ways to make a passive income off of your vacant land.