Table of Contents
Owner Financing
Owner financing is where the seller puts the property for terms, where the buyer make regular payments until it is fully paid. With this, you can recuperate your initial investment from buying the property in the down payment.
This method is a great way to create passive income for yourself. With no worries of any damages to the property itself.
Land That Have Natural Resources
Comparatively you can focus on land that you can get Mineral and Oil rights. This method requires in-depth research when potentially buying land, possibly hiring surveyors for the land, as it is a bit speculative.
Fortunately if you’re hunch is correct and the land contains Minerals and Oil, you can then sell your Mineral and Oil rights or leasing them to a company and getting residual income.
Leasing Hunting Land
A Hunting lease is an agreement between you(the owner of the property) and hunters or lessees that allows them to go to your property for hunting on your land for a specified amount of time.
When the contract ends they can re-lease the property or you can lease it again to another party, giving you residual income in the process.
Convert Your Land Into a Hunting Tour
Alternatively you can convert your Land into a hunting tour for a more personal touch to your property. If you have a lifestyle that is closely related to the wilderness, you can make a career out of it.
Leasing Farming Land
Another way is to lease your land to farmers. If your land has good soil, the weather is optimal, and is a great place for crops to grow, leasing it to farmers is great idea.
When it comes to leasing your land to farmers, you can expect them to re-lease your land again because they are also profiting with you leasing off your land. A great way to get recurring revenue.
Growing Crops on Your Land
Otherwise when you don’t want to lease your land to farmers, you can just grow crops on your land yourself. Making it into your lifestyle, selling your crops to a local market or joining a co-op.
Doing a Specialty With Your Land
A popular thing that has been happening that has been going around lately, is when people buy land they will put a specialty on their land. They might put a tiny home in that land, create Airbnbs, and many more on their land.
If you are interested in developing land and real estate, this method helps with that. To a more cheaper level than to put something like a log cabin.
