March 28, 2022 – Washington County, WI – Vacant land can become an income-producing asset. I’m here to share with you 4 ways you can get started making money on your land TODAY.
1. Buy/Sell Land
There’s only so much land to go around. As cities grow there’s a need for more land. This causes appreciation in an area. Just like home values, on average, are always increasing, so does the value of land. You can buy and hold land until that value reaches your desired return.
2. Leases
More common in our area is leasing land for farming and hunting. For farming, this is usually a set dollar amount per acre per year. For hunting, it’s generally a set dollar amount per year or season. Both lease values will be determined by the quality of the land.
3. Storage
A popular trend is providing space for people to store their larger items. Boats, campers, ice shanties, etc. all need a place to be stored when not in use. Even some businesses need extra space. This extra space could be turned into cash flow.
4. Timber
Your property’s timber has value. Timber needs to be managed properly for a profitable harvest. Some owners will have professionals manage the timber for future growth and harvests.
IMPORTANT TIP: Be sure to check with all governing bodies on the allowed uses for the land.
Have some follow-up questions? Send me an email at: al@landandlegacygroup.com, use the subject line:Â LAND.
Al Wisnefske
Broker/Owner | Land & Legacy Group LLC
Click Here to learn more about selling your property.
Al Wisnefske is the Broker/Owner of Land & Legacy Group and has been named a Top 500 Broker by Milwaukee Real Producers. His #1 philosophy is: “Relationships over Transactions.” Through his LEGACY Process, he helps rural property Buyers and Sellers build and sustain their legacies. This has provided him and his company with numerous raving fans. He is a multi-million dollar producer specializing in land, farm, and country home sales in Southern Wisconsin.