Posts Tagged ‘cheap land for sale’

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.

To view Wyoming land for sale, please click here.

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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Understanding Wyoming Land Prices

The State of Wyoming has a huge amount of checkerboard land ownership; therefore to understand Wyoming land prices, it’s important to understand checkerboard land ownership.

President Abraham Lincoln created checkerboard land ownership in 1862, when he signed into law the Pacific Railroad Act. The purpose of this legislation was to expand the railroads from the center of the nation all the way to the Pacific Coast. To facilitate the building of the railroads, the U.S. government gave every alternate section of land, up to 20 miles on either side of the railroad tracks, to the railroad companies. So for every township (a township contains 36 sections of land), the federal government kept 18 sections and gave the other 18 sections to the railroads.

Now, the interesting part of this checkerboard arrangement is the fact that it’s impossible to cross a township without crossing both federal lands and private lands (since they are intermingled throughout the township). To this mix, add legal precedents stating, “The public can’t cross private lands to access federal lands, but private landowners can cross federal lands to access their private lands.”

When the above is fully understood, it becomes clear that there are millions of public acres  in the checkerboard area that can’t be visited, accessed, or enjoyed by the public (in essence, the taxpaying citizens of America). But, amazing as it may seem, the adjoining private owners have every right to cross and access these publicly owned lands en route to their private lands.

Up until now, at least, the private lands in the checkerboard have been valued at less money than private lands outside the checkerboard. But assuming the land isn’t going to be used for residential purposes (it is almost impossible to get building permits in the checkerboard area), what other restrictions apply to checkerboard lands? The answer is almost none!

While Wyoming land prices in the checkerboard area can be as low as $199 per acre (if you know where to look), the land can be used for the same purposes—hunting, camping, horseback riding, rights-of-way for pipelines, cell tower leases, and recreation—that $750-per- acre land is used for. In summary, there is no greater value in Wyoming land prices than those associated with large tracts of private land in the checkerboard area.

To view Wyoming land prices in the checkerboard, please click here.

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 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.

Dirt Cheap Land for Sale in the United States?

When people see dirt-cheap land for sale, the first question they usually ask is, “But can the land be used for anything?” Following are just two historical examples to consider.

The Imperial Valley Venture

In the years between 1901 and 1907, the California Development Corporation attempted to build a water canal from the Colorado River westward into California’s Imperial Valley. The goal was to provide a source of irrigation and turn this dry, desolate and uninhabitable area into a subdivision of lush farms. Initially started by private promoters, the project eventually was taken over by the Southern Pacific Railroad with federal support promised by President Teddy Roosevelt. The United States Government owned most of the region and was offering dirt cheap land for sale at $1.25 per acre. The project failed after thousands of acres were sold and millions of dollars lost, and in 1909, the California Development Corporation was liquidated.

So what has happened to these dirt-cheap land prices during the last 100 years in the Imperial Valley? Much of the land is still without water, still desolate and uninhabitable yet it is very difficult today to find land in the Imperial Valley for less than $1,000 per acre.

Interstate Highway 80 in Wyoming

For a more recent example of dirt-cheap land for sale, consider the area along Interstate Highway 80 in Wyoming between the towns of Rock Springs and Rawlins. Local residents refer to the region as “barren and worthless.” Most of the dirt-cheap land for sale in this part of the state is in the checkerboard area (ownership of alternate sections divided between the federal government and private owners), which eliminates development potential. Known as the Red Desert, this area has no power, water, utilities or maintained roads. In 1990, land could have been purchased for as little as $15 per acre.

Today, 20 years later, ownership is still divided between the federal government and private parties, the area still has no power, water, utilities or maintained roads, and the zoning is unchanged. Yet this same “barren and worthless” land now sells for as much as $500 per acre.

If a person is seeking land for a specific use —  such as agriculture, hunting, immediate development, or a site for a retirement cabin with utilities, trees and a creek running through the middle – then dirt-cheap land for sale probably won’t fit these needs. However, dirt-cheap land for sale is an overlooked real estate niche, as a large number of people have an almost innate desire to own such properties. Dirt-cheap land for sale is inexpensive to acquire and very exciting to own, because who can predict, with absolute certainty, future usage or values?

A hundred years ago, there were many popular, prominent stocks that no longer exist. These companies went broke, went out of business or were made obsolete by technology. However every single acre of dirt-cheap land for sale 100 years ago is still here today and is valued at a higher price. The predictable thing about dirt-cheap land for sale in the United States is that it will eventually increase in value as the result of nothing but the passage of time.

To view dirt cheap land for sale CLICK HERE

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Finding the Cheapest Land for Sale in the United States

For astute land buyers it is the per-acre price that is important, not the per-parcel price. For example a 160-acre tract for $31,840 is far cheaper that a one-acre lot for $4,000. Why? Because the 160-acre tract is priced at only $199 per-acre and the one-acre lot is priced at $4,000 per-acre. Since the Pilgrims landed in 1620 and Americans began migrating west, land dealers have made fortunes buying land by the acre and selling lots by the parcel!

The term “cheap” land is relative in nature, meaning that one tract of land might be cheap compared to another tract of land in the same general location. But the term “cheapest” land is absolute in nature, meaning that no other tract of land anywhere in the United States is cheaper in price! OK, so where can the cheapest land for sale in the United States be found today? The largest selection of the cheapest land available for sale in the United States today would be in Texas, Wyoming, South Dakota, Nevada and New Mexico.

The cheapest land for sale in the United States, purchased today for a long term investment, would be one of the safest assets one could acquire and also one of the most certain assets to increase in future value. It is a safe asset to own because it can’t be stolen, destroyed by fire, mismanaged or outdated by technology. It is certain to increase in value because all that is required is inflation and an ever-expanding population, both of which are inevitable.

How did prices for the cheapest land for sale in the United States compare with the stock market over the last 50 years? In 1960 the Dow Jones was near 700, and today it is about 10,000, or 15 times higher than it was in 1960. In 1960 the cheapest land in the United States was around $5 per acre and the cheapest land for sale in the United States today is 450,000 acres in Nevada for $178 per acre, or 36 times higher than in 1960. How about the value of cash over the last 50 years? According to the U. S. Bureau of Labor Statistics it takes $7,375 today to buy the same goods and services that $1,000 purchased back in 1960. This means that inflation robbed the dollar of 86% of its purchasing power over the last 50 years.

There are 2.4 billion acres of land in the United States and 100 years ago the population was 92 million. That equated to about 26 acres per person. Today the population is 307 million people equating to only 7.5 acres per person. Can future land values do anything but go up?

Acquiring a tract of the cheapest land for sale in the United States can be one of the safest and surest methods of creating wealth over the years. In fact history has taught us that it is virtually impossible to lose money owning cheap rural land if purchased cheap enough and held long enough!

To view some of the cheapest land for sale in the United States CLICK HERE

Where to Find Cheap Property in the USA

Cheap property USA is a real estate niche that very few people understand or take advantage of. Much of the land in the USA, despite its being a well-populated country, is raw and barren. This raw, barren land is undeveloped, and few people realize the fabulous investment potential contained in such properties.

Developing this type of land would be impractical and incredibly costly. However, the value is not in development, but in simply holding for the long-term. This concept, unfortunately, is so simple that most people don’t grasp it. The act of developing land is an “operating business,” and as such contains many variables and large capital expenses. The function of buying and just holding land is a “passive investment,” and depends on nothing but the passage of time.

There are lands located in very remote, isolated regions of the United States that are quite cheap in price. They are cheap in price because a “developer” hasn’t started building roads, bringing in utilities, and so forth. Developers, however, are not philanthropists, and they will substantially mark up every dollar spent. So if a developer acquires $500-per-acre land and spends $1,000 per acre in improvements, the retail price will probably be closer to $5,000 per acre (not the $1,500-per-acre combined cost of the land and improvements). Otherwise, the developer couldn’t make a profit.

So as can be seen above, the cheapest prices available in the United States will always be for raw, remote, unimproved properties. And fortunately, it is with such properties that the greatest profit potential (for the buyer) is found.

Owning cheap property USA can be an incredible investment. It requires no business operation, no improvement capital, and relies on very few outside conditions. All that is needed is the passage of time and inevitable inflation!

To view cheap property USA, please click here.

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Where is Cheapest Land Per Acre in the United States?

Where, in the United States of America, is the cheapest land per acre? Depending on various circumstances and the urgency of any given seller at any particular time, the answer would be somewhere in Nevada, Wyoming, Texas, or New Mexico. In these four states, land can still be acquired for under $200 per acre, and in some very rare instances, for under $100 per acre. In no other state in the union—be it Arizona, Alaska, Colorado, Montana, Idaho, or Utah—can land be found for such low prices.

Occasionally, a section of land (640 acres) will be advertised for sale in Nevada for $80 or $90 per acre. However, the transaction will involve a large down payment or all cash terms; the section is basically landlocked without legal access; there are no mineral rights involved; and Nevada state statutes forbid the division of the land into smaller parcels for resale with expensive and time consuming subdivision requirements.

In Wyoming, 160-acre tracts can still be found for $199 per acre, with small down payments and easy seller financing. These tracts also involve checkerboard land where federal lands have to be crossed for access. Technically, mineral rights aren’t included, but often, exploration companies provide surface owner agreements giving the landowner 2.5% royalties.

Occasionally, land in New Mexico can be found for under $200 per acre, but terms are usually all-cash and state subdivision regulations are not conducive to splitting or reselling the land.

Texas still affords opportunities to acquire 160-acre to 640-acre tracts for as little as $200 to $299 per acre, with excellent seller financing. As in most petroleum producing states, there will be no mineral rights, but there will be recorded and insurable access, and state subdivision laws are very lenient.

In summary, acquiring the cheapest land per acre—regardless of having no mineral rights and regardless of having to cross federal lands—has historically proven to be very financially rewarding over the years!

To view some of the cheapest land per acre, please click here.

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Tips to Selling Your Own Ranch

Selling your own ranch might not be the best idea, for one very good reason. Namely, most ranchers view the value of a ranch from the standpoint of agricultural economics. In other words, what is the carry capacity (AUMs) and how much money can the operation make? That is a logical approach for a rancher because that is what ranchers use ranches for: running agricultural operations. Ranchers buy ranches and sell ranches based on agricultural economics and perceptions.

However, there is an entire different perception on the part of many investors, both domestically and internationally. These investors look at ranches and don’t see cattle grazing land; rather, they see large tracts of cheap acreage for investment purposes.

So it might make sense for a selling rancher to consider hooking up with a rural land investment firm that specifically understands, and markets, large tracts of acreage based on investment purposes, as opposed to agricultural usage. The selling rancher might be pleasantly surprised at how others view his ranch.

In other words, the selling rancher’s neighbors would no doubt value his ranch for far less, based on agricultural usage, than an investor in New York or London would, based on land investment appeal. The secret is to sell a ranch for its land value, not for its cattle grazing value.

Selling your own ranch, based on rural land investment potential, and not agricultural economics, can often turn out to be quite beneficial.

To discuss selling your own ranch, please click here.