Archive for May, 2014

Benefits of Cheap Wyoming Land

In order to have the best chance of making money investing in rural land, three conditions are required.  First, a large supply of acreage is needed. Next, the prices must be relatively low. Finally, there must be a minimum of restrictive zoning and land use regulations in effect. Of all the states, perhaps cheap Wyoming land offers the best opportunity in this regard.

Only the larger Western states would offer the first criterion, but only Texas, South Dakota, and Wyoming combine the last two conditions of relatively low prices with a minimum of restrictive zoning and land use regulations. South Dakota and Texas basically have very few subdivision regulations, and Wyoming land is exempt from subdivision control if sold in 160-acre sizes or larger.

New Mexico has a large supply of relatively low-priced acreage—but there are restrictive subdivision regulations. Arizona land is priced too high. Nevada land is relatively low-priced, but state laws prevent the division of land into smaller than 640-acre sizes. Land in Colorado, Idaho, Montana, Oregon, Washington, and Utah is all higher priced, and in addition, these states have restrictive subdivision regulations. Alaska, surprisingly, is also higher priced and contains more restrictions that Wyoming, Texas, or South Dakota. Furthermore, Alaska can be extremely cold and frozen, and it isn’t considered that easy to access by people in the lower 48 states.

Wyoming, however, has it all! It is relatively easy to get to; land prices are among the lowest in the nation; there are no subdivision regulations for land 160 acres in size or larger; property taxes are very low; and there are no state income taxes.

Those interested in low priced rural land certainly need to investigate all the opportunities available with cheap Wyoming land!

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Wyoming Land for Sale Offers Exceptional Opportunities.

Wyoming is called the “Cowboy State” and is the epitome of the Old West. As late as 1919, just after World War I, Cheyenne still had more horses than cars. The state is the 10th largest in geographic size, with 98,000 square miles, yet it has a population of only 540,000 people, the least of all 50 states. With so much land and so few people, it is easy to understand why Wyoming land for sale can offer exceptional opportunities.

Wyoming is also known as the “Equality State” because Wyoming women were the first in the nation to have the right to vote, to serve on juries, and to hold public office. In 1894, Estelle Reel became one of the first women in the United States elected to a state office, that of Wyoming State Superintendent of Public Schools. In 1924, Mrs. Nellie Tayloe Ross was the first elected woman governor to take office in the United States.

The state is very conservative politically, and the last Democrat to win a presidential election was Lyndon B. Johnson in 1964. Since then, Wyoming has voted Republican in every presidential election.

Regarding rural land investments, some of the lowest-priced land in the United States of America can be acquired in the southern part of Wyoming, along the I-80 corridor. If a person knows where to look, land can still be found in that region for under $300 per acre, or even cheaper. Not only are land prices very appealing, but property taxes can be as low as 10 cents to 20 cents per acre annually. Finally, subdivision regulations are among the most lenient in the nation. As long as land is divided into parcels that are larger than 140 acres in size, there are very few bureaucratic restrictions or controls.

If a person can find Wyoming land for sale under $300 per acre that can be purchased under beneficial terms, then future profits are simply a matter of holding the land for a long enough period of time.

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Wyoming Land for Sale at a Cheap Price

Most Wyoming real estate investors take the traditional approach of acquiring land near population centers, like Casper or Cheyenne, and then rely on future development to increase property values. Simply buying a large tract of Wyoming land for sale cheap, located in a sparsely populated area of the state, and allowing time and inflation to create higher values, probably would be boring for them.

The latter approach might be boring to some, but it is an infinitely safer and more reliable method of making money, over the long term. Consider that nothing has to happen, and the owner doesn’t have to improve or develop anything, in order for a tract of cheap acreage to increase in value in future years. It has been proven time and time again that through the years, paper currency always becomes worth less and less, and finite assets such as land always become worth more and more. Therefore, time becomes the ally when buying and holding cheap land.

Conversely, there are countless cases where real estate investors have acquired expensive land near major cities, only to go bankrupt when the economy took a nose dive, politics prevented a needed zone change, building plans weren’t approved, or the financing suddenly became unavailable. While it is certainly possible for urban developers to make substantial sums of money over a short span of time, there usually is a lot more risk and turmoil involved.

Buying a large tract of Wyoming land for sale cheap, even in the middle of the remote Red Desert, and hanging on to it for many years, is almost a “no-brainer” to create greater future values. As history has proven, it is virtually impossible to lose money owning cheap land, if it is purchased cheaply enough and held long enough!

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Wyoming Land a Unique Investment

What makes Wyoming land so unique for investment and speculation opportunities is the abundance of “checkerboard” land created by the Pacific Railroad Act of 1862. Approved by the United States Congress and signed into law by President Abraham Lincoln, this bill gave 10 miles on either side of the tracks—later increased to 20 miles—to the railroad companies to help offset the cost of constructing a railroad to the Pacific Ocean. The United States Government retained half of every township given to the railroads by keeping alternate sections. This resulted in the ownership of these townships resembling a checkerboard with every even-numbered section retained by the government and every odd-numbered section owned by the railroads. Through the years, the railroads resold most of their holdings to private buyers.

For private owners in the checkerboard area, there is a disadvantage offset by a huge benefit. The disadvantage is that it is almost impossible to secure “insurable access” through Bureau of Land Management property; therefore, power and utilities seldom are available, and banks won’t loan for construction where there isn’t insurable access. “Physical access,” however, is a different matter, as access to private property has never been blocked since the Pacific Railroad Act of 1862 was passed. Furthermore, title companies will insure ownership of private land in the checkerboard.

The huge benefit for private owners in the checkerboard is that the public can’t cross private land to get to public land, but private owners can cross public land to get to private land.” This amazing policy results in private owners being able to access millions of acres of public land that the general public can’t get to, enjoy or even visit (because to do so would constitute trespassing on private property)!

This unique ownership feature, coupled with a low purchase price, makes Wyoming land in the checkerboard area an asset that can offer substantial future potential. Where else in the entire United States of America can one find more land for less money?

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