Investing in quarter-acre vacant lots in fast-growing resort communities has proven to be a successful and profitable strategy for many investors. By targeting lots in newer resort communities with amenities like lakes and golf courses, investors have been able to quickly grow their portfolios and generate tax-free passive income. Here are the key details of how this investment strategy works:
– Investors target sellers of vacant lots priced below $10,000 in cheap resort communities with limited development
– Investors offer to purchase the lot for a fraction of the price with a down payment and pay the remaining balance over a set number of years
– Using self-directed retirement accounts that allow for real estate investments, investors are able to control a $10,000 asset with only a $500 down payment
– By selling the lot with enticing sales techniques, investors attract buyers who may not have the means for a traditional down payment or credit check
– Investors mitigate risk by retaining ownership of the land until the buyer has made their final payment, doubling their initial investment through appreciation and earning 10% interest annually for five years, resulting in a 100% return on investment.
Overall, investing in quarter-acre vacant lots in resort communities has proven to be a lucrative and low-risk investment strategy that allows investors to build wealth through real estate while generating significant returns over time.
You can read this full article at: https://papersourceonline.com/how-i-turned-500-into-a-real-estate-fortune/(subscription required)
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