Investing your money by purchasing land can be a very fruitful and sensible investment. However, once you have the land, you don’t want to just let it sit there until you want to sell it for a profit.
Thankfully, there are many ways in which you can make money off your land to boost your income.
In this article, we will look at how you can turn your piece of land into a passive income that makes your investment even more profitable.
How To Make Money On Your Land Quickly
There are multiple ways to make money off your land quickly. Best of all, most of these options require very little or no work on your part.
Hosting Billboards
If your land is near a highway, hosting a billboard can be a great way to make some money fast.
Advertising companies are always on the lookout for new places to advertise their products or services. If your land borders a busy highway, they could be interested in your location.
The amount of money that you get paid will depend on the advertising company that wants your land and the location of your land in relation to a major highway or freeway.
Provide Storage
Another way to make some quick cash from your land is to provide storage for other people. You can achieve this by building a large structure on your property.
People who own RVs, boats, and heavy machinery such as farm equipment are always looking for somewhere to store their vehicles.
Open A Campsite
If your land is near to hiking trails or other outdoor attractions and local points of interest, setting up a campsite can be a great way to make money fast.
It is important to make sure that you have toilet facilities and water access set up on your property for any potential guests.
You may also need some form of insurance to protect you and your assets in case of injury or theft that occurs on your land.
Harvest Timber
If your land has established trees growing on it, it is possible to make money through harvesting timber. The best thing about this option is that you don’t have to do any of the work yourself.
Plenty of lumber companies are constantly on the lookout for timber that they can harvest. The amount of money that you are offered for your timber will vary, depending on the maturity and quality of the wood.
The more mature and high quality the timber, the more money you can make. You should contact your local department of conservation to inquire about selling timber.
Make Money By Leasing Land
Another easy way to make money off your land is by leasing the land to someone who needs it. Again, this is an option that means you can be very hands off with your land.
Lease To Farmers
If your land is located near a farm, you may have some success in leasing your land to farmers. The farmer will care for the land and cultivate it to grow crops.
All you have to do for this option is set up a lease between you and a farmer. The larger your plot of land, the more profitable it will be for you.
One of the main perks of this option is that when you want to sell the land, you can either sell it to the leasing farmer, or the fact that the land has been tended to can fetch you a higher price.
Host Bees
If your land isn’t really suitable for grazing animals or growing crops, leasing to beekeepers can be a profitable option. This is a great option if your land borders an orchard or has a specific type of flora nearby.
Depending on the flora or type of orchard that is nearby, beekeepers will pay a significant amount of money to lease your land for their bees thanks to the honey that they will make.
Rent Your Land As Pasture
If your land is already a pasture or is suitable to be a pasture, this can be an easy option to make some money. You can rent to farmers and livestock owners that have cattle or horses that need land to graze.
It is important to note that this can cause long term damage to the land which can affect the price you get if you choose to sell the land.
Lease To Hunters
This is another option that can be highly profitable, however, it is important to ensure that you are compliant with local hunting restrictions before deciding on this option.
You also need to check that prospective hunters all have valid permits. This can be a great option for you if your land has a significant population of game animals.
Adding a cabin with some running water and electricity can make this an even more profitable venture.
Rent Allotment Plots To Gardeners
If your land is close to an urban area, it can be highly profitable to turn the space into allotment gardens or a community garden.
People are becoming more and more interested in growing their own fruits, vegetables, and flowers but don’t always have the outside space to do so. This can be a great opportunity for your land.
Make Money By Subdividing
The ideas mentioned above are all great ways to make money from your land while maintaining ownership. However, one of the best ways to make money from your land is by selling it.
If your land is in a highly desirable location, you can make a lot of money by subdividing your plot and selling it off in sections.
With this method, you also have the option to keep a portion of your land for yourself while selling off some to make a quick profit.
Final Thoughts
There are so many different ways that you can make money off your land, decide which options works best for your needs.
All of these methods of making money with your land are quick and most require very little effort on your part.
As a current Mortgage Underwriter with 15 years of experience, I have seen my fair share of money-related issues. Whether that be high levels of debt, not enough credit, or simply a lack of funds - I’ve had clients who fit into these categories.
Here I will share tips, tricks, and experiences on how you can get yourself back in control of your finances.
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