Land investment offers several avenues to enhance your real estate portfolio. Raw land deals necessarily include becoming intimately familiar with Fort Myers zoning for residential, multifamily, commercial, or agricultural, or even for the land’s natural resources. Other aspects of land use are for the public, such as schools and parks, open spaces, and even the right of way to individual properties.
Land allows you to build passive income. Passive income will enable you to live out your retirement in the style you’ve become accustomed to on your terms. Raw land is relatively easy to acquire, and there is no fierce competition found in raw land investing as in the rental housing sector of investment properties. Hence, bargains are not as difficult to attain. Additionally, land requires a low level of maintenance as opposed to structures. There are no tenants to worry about, and there is an excellent variety of possibilities for using the land to increase your cash flow. Read on to learn more about five ways to capitalize on raw land in Fort Myers.
Flip It
Land flipping can be a compelling investment option for both new and seasoned investors in Fort Myers. It offers a chance to capitalize on the potential of the city’s real estate market through a process that’s often simpler than traditional house flipping. Unlike houses, which require significant upfront capital for repairs and renovations, land typically requires less money to buy. Additionally, there’s generally less paperwork and pre-closing tasks involved with land acquisition. This streamlined process allows you to focus on finding undervalued properties, purchasing them at a bargain, and then reselling them for a profit. You can even explore offering owner financing to attract buyers. This strategy allows you to spread out the sale price into installments while still earning interest on the total amount. With its lower barrier to entry and potentially faster turnaround times, land flipping can be an attractive avenue for investors seeking to diversify their portfolios in Fort Myers.
Divide It
Buying a parcel large enough to be subdivided can be a strategic land investment in Fort Myers. Instead of purchasing a single property, you acquire a larger lot with the potential to create several building sites. This allows you to capitalize on the land’s value in a unique way. The process involves subdividing the raw land into multiple, smaller, and potentially more marketable properties. This can be more attractive to a wider range of buyers compared to a single large parcel. By managing the subdivision project effectively, you can see a significant return on your investment. This involves careful planning, navigating legalities, and ensuring the subdivided lots comply with zoning and development regulations. However, with the right approach, subdividing land can be a lucrative way to maximize the value of your real estate investment in Fort Myers.
Develop It
You’re right, developing raw land can be a complex undertaking. But with the right preparation and knowledge, it can be a rewarding venture that capitalizes on the potential of a growing city like Fort Myers. The key is to be thorough in your research. This due diligence process involves understanding the legalities of the land, including zoning restrictions and environmental regulations. You’ll also want to assess the physical characteristics of the land itself. Is the topography suitable for your development plans? Are there any natural resources or features that could impact construction costs or timelines? By taking the time to fully understand the property, you’ll be well-positioned to develop a realistic and achievable plan for transforming raw land into a thriving development.
Hold It
Holding onto land long term is a less complicated method to capitalize on land in Fort Myers. However, you shouldn’t automatically discount this option. The potential for high returns on the investment is quite attractive. While cities and populations may grow and expand, there is a limited supply of land. While structures may deteriorate and decrease in value, land continues to appreciate. A carefully calculated investment in raw land will become a high-demand location and bring an excellent return on the investment given time.
Work with a Pro
From zoning approval to a development project on a large scale, there may be no better advice you receive than to team up with an experienced investor. Investing always carries risk. However, when you set out to capitalize on land in Fort Myers, there are rookie mistakes that you can avoid by working with a professional full-time investor agent, like the pros at Core Real Estate Properties. For more experienced investors, why limit yourself? Expanding your investment team allows the ability to increase your portfolio to a scale impossible to manage on your own.
Ready to capitalize on land in Fort Myers? Core Real Estate Properties has inventory available for you to get started. From funding to locating property in Fort Myers for a specific need and every aspect of the deal, Core Real Estate Properties will help you get the job done right. Call Core Real Estate Properties at 239-360-3176 or send us a message today!