Archive for the ‘Dirt Cheap Land for Sale’ Category

Where can you Find Cheap Investment Property?

When looking for cheap investment property, many people spend time sifting through classified ads and real estate websites in hopes that they’ll find that special rental property that will boost their monthly income and make for a great future return. Owners of rental property must make sure the house is up to code, that appliances receive the proper maintenance, and that tenants are properly taking care of their rented portion of the property. While rental properties can be good investments, they require a great deal of time from an individual.

Years ago, investors began buying cheap investment property in the form of undeveloped land. Rugged and barren, these parcels of land are usually priced by the acre. Many of the plots are large in size, some measuring more than 100 acres. One of the major points about property like this is that it needs no upkeep. There is no maintenance for owners to perform. Unlike a rental property, the land requires nothing of its owner. Individuals who have purchased property like this know that the investment is sound and stable. It’s because of inflation that the value of the property increases. By investing money in this type of land, many have protected their capital from the effects of crippling inflation that the U.S. dollar experiences each year.

Those hoping to find solid ground where their money can accumulate value should consider purchasing cheap investment property. Some of the best buys in this type of property can be found in Wyoming, South Dakota, Texas and Oklahoma.

To view cheap investment property for sale click here.

Where can you Find Land Dirt-Cheap?

Recently, nervous investors have been jumping off the stock market rollercoaster and fleeing the deflating housing market. So the question is, where can a person invest now and be sure the value of the investment will increase, without the loss risks associated with other investments?

The answer lies in buying land dirt-cheap. Land in the “middle of nowhere” that’s barren and undeveloped. So how can the value of land purchased dirt-cheap increase?

Consider this example: In 1963, Robert P. McCullough, a Los Angeles real estate promoter, purchased 3,500 acres in an isolated area of the Arizona desert and began building Lake Havasu City. Initially, building lots were offered for sale at prices as low as $4,995 each. The city was programmed to attract 75,000 people by 1980. People ridiculed Mr. McCullough and called him a daydreamer.  When there was no stampede of people wanting to settle there, Mr. McCullough decided he needed a promotional gimmick. He purchased the London Bridge, and at a cost of $8 million, he had it shipped from England to Lake Havasu City.

Today, Mr. McCullough has been dead for many years, but Lake Havasu City, and the surrounding Mohave County, are booming and no longer in need of promotional gimmicks. The population of the county is 198,000, there is a community college, and lots can sell for as much as $200,000 and homes as much as $750,000 – all located on what once was land dirt-cheap.

Here’s a different example: Most of the far-western counties of Hudspeth, Culberson, Loving, Reeves, Jeff Davis and Presidio, in the State of Texas, are considered to be barren and worthless. This region is sparsely populated, and the infrastructure of utilities, power, water and roads is very limited. In 1990, you could purchase land dirt-cheap there for as little as $15 per acre. Today, the region is still sparsely populated and the infrastructure is still very limited. But now, this “barren and worthless” land sells for as much as $500 per acre.

What makes the price of land dirt-cheap rise? The answer is “time.” Over time, prices inevitably rise. If an investor can purchase land dirt-cheap and hold it long enough, the price could increase substantially. Land dirt-cheap is inexpensive to acquire and exciting to own, because no one can predict with certainty how that land may be used in the future or how much the value may increase.

In the last 100 years, many investments have disappeared, and their investors have been wiped-out. But every acre of land dirt-cheap that was purchased 100 years ago still exists and is valued at a higher price.
To view land dirt-cheapCLICK HERE.

Cheap Country Land, Where to Find it!

The Civil War ended in 1865, and soon thereafter, the great westward expansion began. Thousands of people headed west seeking cheap country land to settle and the chance to start new lives. These people planned on farming, grazing cattle, harvesting timber, mining for gold and silver, building railroads, starting businesses and constructing towns—all of which required large tracts of low-priced land.

During this migration westward, into an untamed and unforgiving wilderness, a code of conduct began to emerge. The code dictated that a person should “carry a firearm for protection, offer assistance when needed, mind his own business, and acquire cheap country land.”

The Homestead Act of 1862 made it relatively easy to acquire land in the Western United States. A person who was 21 years of age or older and had never taken up arms against the U. S. government could claim 160 acres, located west of the Mississippi River, from the federal government for $1.25 per acre. The claimant had to improve the land and live on it for five years. The $200 purchase price could be paid with a small down payment and the balance could be paid over time.

More desirable land, priced from $2 to $10 per acre, also could be acquired from railroads, land speculators or the states.

The Timber Culture Act, passed in 1873, made additional land available. Under this act, homesteaders could acquire another 160 acres if they planted trees on one-fourth of the land. Any potential settler, including foreign immigrants, could claim land under this act.

The Desert Land Act of 1877 provided 640 acres to a husband and wife who agreed to irrigate the land within three years. The cost of the 640 acres was $1.25 per acre.

In 1878, when the Timber and Stone Act passed, even more land became available. This act provided that federal lands “not suitable” for farming, could be acquired for timber and mining operations. The cost was $2.50 per acre for 160-acre tracts.

In summary, during the last half of the 19th Century, millions and millions of acres of cheap country land were transferred from the federal government to private ownership.

To view properties for sale, CLICK HERE

Cheap Land for Sale Versus Expensive Rural Property

Let’s compare very cheap land for sale with the opposite end of the spectrum, very expensive land for sale. The latest Land Report Magazine (Winter 2011) listed the 10 most expensive rural properties for sale in the United States.

The 10 most expensive rural properties ranged in size from 1,750 acres to 55,700 acres and were priced from $1,000 per acre to $100,000 per acre. Total sales prices were $44 million to $175 million. The properties were mainly located in Wyoming, Montana, Colorado, New Mexico, and West Texas.

Who or what establishes the sales price of 1,750 acres near Jackson, Wyoming at $100,000 per acre, or $175 million? Basically, the sales price is determined by what one multimillionaire or billionaire agrees to pay another multimillionaire or billionaire. In other words, it is a very tenuous, somewhat illusionary, market. These properties are purchased with discretionary funds that can easily dry up during economical recessions. Paying $100,000 per acre for 1,750 acres with the expectation of a quick profit would be exceedingly risky. The price could just as easily sink to $60,000 per acre, resulting in a capital loss of $70 million.

Very cheap land for sale, properties selling for $300 to $400 per acre, very seldom, if ever, decline much in value, as they are already priced at the very bottom of the scale. Furthermore, there is safety in the number of people who would have the interest and the financial means to purchase $300 to $400 per acre land. Conversely, how many people in America would have the interest and the financial means to write a check and pay $175 million for 1,750 acres of rural land?

To view very cheap land for sale, please click here.

Tags: , ,

How to Make a Profit on Dirt Cheap Land!

If a person can acquire enough dirt cheap land and hang on to it for a long enough period of time, it would be literally impossible to not make a substantial sum of money on the investment. In order to understand this concept better, it would be important to read the fascinating life story of Mr. Jay Cooke.

Jay Cooke was born in 1821 and eventually opened a banking house, Jay Cooke & Co., in Philadelphia. During the Civil War, he was the most prominent financial backer of the northern government and the Union army. He became known as the “Financier of the Civil War.” It was his railroad dealings after the Civil War, however, that made him more of an historical figure.

In the late 1860s, Cooke became involved with the Northern Pacific Railroad. The plan was to build a railroad from Duluth, Minnesota to the Pacific Northwest. Cooke agreed to take over the financing of this enterprise by selling enough bonds, backed by a 50-million-acre land grant provided by the federal government, to pay for the construction of the railroad. If any private individual in American history ever had control over so much dirt cheap land, it was Jay Cooke.

Cooke first personally acquired hundreds of lots in Duluth and then started marketing the railroad bonds all over the United States and Europe. Sadly, the timing was terrible, as the business climate turned cold. The economy was shaken by Jay Gould’s attempt to corner the gold market; a fire broke out in Chicago, leveling three-quarters of the city; another fire soon erupted in Boston, destroying its commercial center; and the Franco-Prussian War ignited in Europe. The financial Panic of 1873 followed, resulting in the collapse of the Jay Cooke & Co. banking empire. Soon thereafter, Jay Cooke went bankrupt.

However, a statement Jay Cooke made several years before proved exceedingly prophetic: “There is not the slightest probability of there being any cessation in the legitimate demand for land unless the world comes to an end.” Well, the world didn’t come to an end and the hundreds of lots Jay Cooke purchased in Duluth back in the late 1860s became very valuable, and he regained substantial wealth. Cooke proved that dirt cheap land will always produce a profit; it’s just a matter of timing!

To view dirt cheap land for sale, please click here.

Where do you find the Cheapest Land for Sale in America

There has been cheap land for sale in America since the Pilgrims landed at Plymouth Rock in 1620. The big variable, of course, is that the word “cheap” meant different prices at different stages in America’s history. The constant factor, however, was that what seemed like a cheap land price in one period in time ALWAYS became substantially higher at a future point in time.

Let’s take a short walk down memory lane regarding some land sales transactions and prices.

  • In 1626 Peter Minuit purchased Manhattan Island from the Indians for $24. There are 23 square miles in Manhattan or a little less than 15,000 acres. Thus the price amounted to approximately 2/10th of one cent per acre.
  • In 1803, President Thomas Jefferson paid Napoleon Bonaparte $15 million for more than 500 million acres of land constituting the Louisiana Purchase. The price was approximately three cents per acre.
  • In 1853, The United States acquired from Mexico almost 19 million acres in southern Arizona, known as the Gadsden Purchase. The price was $10 million, or a little over 50 cents per acre.
  • During the last half of the 19th Century, the railroads were promoting and marketing millions acres of land in the Western states for $1.25 to $2.50 per acre.
  • In the first half of the 20th Century, ranchers, settler, and speculators purchased millions of acres in the Western states for prices ranging from $5 to $25 per acre.
  • In the second half of the 20th Century, some of the same land acquired for $5 to $25 per acre was resold for $25 to $250 per acre.
  • Today, in the first few years of the 21st Century, it is becoming more and more difficult to find tracts of unimproved acreage anywhere in the United States for much less than $500 per acre.

To view some cheap land for sale in America, please click here.

Cheap Land Sales in Rural Areas

Cheap land sales have historically generated opportunities to build substantial personal wealth. The secret to making money from inexpensive land is buying large parcels of low-priced rural land. There is a surprising amount of profitable, cheap land for sale in rural areas of the U.S.

Some land investors make the mistake of looking at the parcel price rather than the price per acre. Like buying items for sale at wholesale prices, buying land in “bulk” is much cheaper and will yield higher profits when resold in smaller parcels.

A great investment in any economy, inexpensive land offers protection against inflation. Just as many wise investors amassed enormous fortunes from property purchased during the Great Depression, property bought at depressed prices during a major recession can yield impressive sale prices when the economy recovers.

Unlike commercial real estate or rental properties, rural acreage is generally a much simpler investment. Although researching local subdivision laws before making a purchase is essential, low-priced rural land is less bogged down by bureaucracy and involves much less risk of property damage.

Rural property often brings other financial advantages. Rights to certain natural resources may be obtained, and sometimes buyers may even elect to engage in cattle-grazing operations. Generating meaningful wealth is still an option for many, even without a business degree or millions to invest. Cheap land sales can help build a nest egg and ensure a bright financial future.

To view cheap land sales, please click here.

What is the Price for Really Cheap Land

What price would be considered as “really cheap land” in the United States of America? That price would be under $200 per acre. The United States contains approximately 2.2 billion acres (3,500,000 square miles), and probably less than 1/50th of 1% of this land, or around 500,000 acres, could be purchased today for that price.

Twenty-five years ago, there were millions of acres available for sale in all of the Western states for under $200 per acre. Land for such prices is shrinking fast and rapidly becoming unavailable. This is another subtle and underlying evidence of what inflation is doing to land prices.

There are 46 out of the 50 states where it is probably impossible to find land anymore for under $200 per acre. Wyoming, Texas, Nevada, and New Mexico are the only states where land can still be found for that price. If another caveat is added—states where subdivision laws allow the easy parceling of large tracts into smaller sizes for resale—then only Wyoming and Texas would qualify.

If anyone doubts the above facts, then following would be a simple method of verification.

  • Google “land for sale under $200 per acre” (then separate all the misleading ads for “$200 per month payments,” “$200 down payments”—and see what is actually for salefor under $200 per acre).
  • Check classified ads in newspapers (both major newspapers and small weekly newspapers) all over the Western states and see if you can find any land for sale under $200 per acre.
  • Phone real estate brokers throughout the Western states and tell then you want to buy land anywhere for under $200 per acre—You probably won’t have any of these brokers phoning you back.

If you can find and purchase some really cheap land anywhere in the United States, then hold it long enough, history has proven it would virtually be impossible to lose money on such a transaction.

To view some really cheap land for sale, click here.

Tags: ,

Cheap Acres For Sale

It would be quite difficult for a person of average financial means to purchase expensive acres, costing thousands of dollars per acre, and requiring all cash. On the other hand, it would be relatively easy to purchase cheap acres for a few hundred dollars per acre, utilizing easy seller financing. There is a big difference between purchasing 80 expensive acres for $1.2 million cash ($15,000 per acre) – or purchasing 80 cheap acres for $36,000 ($450 per acre) requiring only $1,000 down and monthly payments of just $350.

The United States of America was, from its inception, a large speculation seeking cheap acres and other riches. It was a speculation for Christopher Columbus, for the kings of Spain, France and England, and for the early colonists.

Speculating in cheap acres was big business in early colonial America. Two important objectives of the first 13 states were the settlement and cultivation of good lands, and the establishment of commerce. In the early part of the 1800s, however, there were far more fortunes created by acquiring cheap acres than by engaging in commerce or starting businesses.

George Washington, himself, before he entered politics, was one of the most active speculators in cheap acres. Washington, even while President, purchased 3,000 acres in the Mohawk Valley, located in the State of New York with money borrowed from George Clinton. Clinton was the first governor of New York and the fourth Vice President of the United States. Subsequently, Washington sold about two-thirds of the property at a profit and repaid the loan. He also bought lots in the newly created City of Washington.

By the time Washington’s two terms as president were up in 1797, he was a very wealthy man as the result of his years of dealing in cheap acres.

There are still wonderful opportunities to make substantial sums of money buying cheap acres. Obviously prices are much higher today than in Washington’s time, but there is also a much bigger market for cheap acres today. Prices are all relative to the times, but the opportunity remains!

To view cheap acresCLICK HERE

Tags:

How and Where to Find Cheap Land

What is cheap land?

Cheap land is not cheap per-parcel; rather it is cheap per-acre. A small quarter-acre lot picked up at a tax sale for $995 is not really cheap land. The price per-parcel is cheap, at $995, but the price per-acre is $3,980. To find cheap land, you must find a cheap per-acre price. For instance, 643 acres for $118,955 is a much more expensive per-parcel price, but the per-acre price is very cheap at only $185.

Where can you find cheap land?

Land that is truly cheap — land that is priced under $250 per acre – is close to becoming extinct in the United States. The few tracts of land for sale today at this price are found mainly in Texas, Wyoming, South Dakota, Nevada and New Mexico. And this price will normally only be available on tracts of 10,000 acre sizes or larger.

How can you find cheap land?

The best ways to find cheap land are checking advertisements in small newspapers in rural areas of these states; talking with real estate brokers who specialize in large tracts of land; and searching the Internet.

What good is cheap land?

If you find cheap land, you have found one of the few assets known to man that can’t be stolen, destroyed, outdated by new technology or reproduced – and in future years, it is guaranteed to still be here and to be worth more money than it is today. So the answer is that cheap land is a very reliable asset to hold for the long-term — and in the meantime, it can be used and enjoyed.
To find cheap landCLICK HERE.