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KW Land Team is a dedicated group helping land buyers and sellers throughout Kentucky. We have a strong reputation in the real estate investment community and land investment community for our ability to find great investment opportunities. We can help you find the right land – large or small. We will help you find the perfect piece of property whether you are looking for hunting land, recreational land, cropland, timberland, or the perfect site to build a home.
Source: https://www.kwlandteam.com/
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Local governments establish rules and zoning regulations in Kentucky about how land in their jurisdiction can be used. Most people are aware that there are limits such as what can be built in a residential area versus what can be built in a commercial area. However, there are many other zoning factors you should consider before buying vacant land.
Understanding the zoning requirements is imperative before you purchase any parcel. You don’t want to find out after you purchase that you can’t do what you had intended with the land. Read on to learn more about what you should watch out for!
Zoning 101
The planning department divides land up and determines how it may be used. Thier ultimate goal is to create economically viable areas that work for all types of land uses. They aim to create spaces for residential, commercial and agricultural uses. Planning boards will often subdivide these zones further, R1, R2 etc. These subdivisions further determine what can be built. For example: Only detached, single family homes or multi-family units. Townhouses, condos, apartments, the number of stories, manufactured homes, etc.
Special Circumstances & Variances
As with anything, there are always exceptions to the rules. If you are seeking an exemption, you will need to present your case to the planning board. They will review your plans and reasoning and determine if you will be allowed the special permission you are seeking. If they do not approve, you typically will have the right to appeal (and improve) your case, but you will have to decide if pursuing the matter further is worth your time and money.
Also, you will notice that there are exemptions for buildings that were erected before an area was zoned a specific way. For example, you might see a house in the middle of a business district. This doesn’t mean that you will be able to build a house there too.
Divide and Conquer?
If you are buying a large parcel, and are thinking about sub-dividing and selling the lots individually for a profit, there are a few things you should know. There are additional rules that typically apply in these situations and we strongly suggest you work with the county closely and consult a land professional such as KW Land Team before you purchase with the intent to divide the land. This is a strategy used by land investors who have a good grasp on the market, they can see the value in the individual lots before the area becomes developed.
Manufactured Homes, Tiny Houses, & Shipping Containers
If you are looking to put up an alternative style home, you should make sure it will be compliant with ALL zoning regulations. Check to see if a pre-fabricated home is permitted and then take it one step further by contacting the planning board and sharing with them what you would like to do. You want to cover all bases and be fully compliant should a complaint arise. Once you have a go-ahead, it is safe to purchase the property and build your structure. Tiny houses, shipping container homes, and other alternative domiciles are becoming increasingly popular. However all too many people don’t have the proper clearance to put such a home on a piece of land, and unfortunately, they get stuck moving the home and being burdened by additional fines and fees.
Are you looking to purchase land in the area? If so, we would love to help you find your perfect parcel! Fill out this form to let us know what you are looking for, or give our office a call now to speak with someone in our office! (270) 791-2538
If you’re thinking about investing in vacant land but don’t want to spend your own money to do it then make sure you read this blog post ASAP because we reveal 4 ways to buy investment land with little or no money down in Kentucky!
Ways to Buy Investment Land with Little or No Money DownInvesting – it’s not just about buying low and selling high, it’s also about buying the smart way and even using as little of your own money as possible. If you want to buy investment land, vacant land, or raw land, there are many ways you can do it without using very much (or any) of your own capital! Here are 4 ways to buy investment land with little or no money down in Kentucky.
No Money Down Secret #1. 100% Financing
In many cases, getting financing on an investment requires a down payment. So, a $50,000 investment property might require a $10,000 down payment with the other $40,000 financed. However, in some situations, you can get financing from a financial institution or a private lender that covers 100% of the loan. Therefore you don’t have to put any money down. So that $50,000 property can be yours by spreading out the full price in a series of payments.
No Money Down Secret #2. Seller Financing
You do not need to go to a bank or a private lender to get financing. Instead, you can simply ask the seller for financing, which means: instead of you paying the seller the full selling price of the property today, you make payments to them (instead of a bank) over a period of months or years for the property. Many sellers are open to this strategy, which makes it a great strategy if you can’t get (or don’t want) a traditional loan.
No Money Down Secret #3. Partnerships
What if you find a property that you really want but you can’t get a loan or seller financing? You can always partner with someone and use their money to buy the deal. You’re still getting the property for no money down… at least, none of YOUR money! In a partnership, you simply arrange some kind of deal where both you and the other party benefits. For example, maybe they give you a loan (like a private lender) or maybe they get a percentage of the profits when you sell the property, or perhaps they get some other consideration. There are so many ways to structure the partnership!
No Money Down Secret #4. IRA/401k
Many people look for “no money down” deals because they don’t have the liquid cash on hand. But many people don’t realize that you can invest in real estate in your IRA or 401(k) (with some limitations). So, if you want to invest in vacant land, you may be able to use your IRA money to get the deal… this is a type of “no money down” deal because it’s more like a “no cash required” deal (since your money remains inside your IRA).
Summary
Savvy investors know that investing in real estate is about buying at the right price with the right mix of capital. Many great investments are made even better by buying them with little or no money down so make sure you know these 4 ways to buy investment land with little or no money down in Kentucky.
Want to see what vacant land investment opportunities are available in ? Click here and fill out the form or call our team at (270) 791-2538
If you’re a real estate investor and you’re wondering what your next investment should be, have you considered investing in land? It’s an often-overlooked investment with a lot of potential, and it’s a simple way for someone to extend their real estate investing portfolio in a different direction. Here are 4 reasons to add land to your investment portfolio in .
Some investors will ONLY invest in land, yet many investors don’t even think of it. If you’re an investor, have you considered investing in land? There are many reasons why a land investment might make sense for your next acquisition.
Here Are 4 Reasons To Add Land To Your Investment Portfolio In …
Reason #1. Diversify From Structures
We all know that diversification in your portfolio is a good thing but when you invest in real estate, how do you diversify? One way is to invest in raw land instead of land with a structure. Land with structures (whether residential or commercial) can be a lot of work and have a high cost just to maintain. But land without any structures is much easier and cheaper to maintain – you may only need to mow the lawn and that’s it! We’re not saying that you shouldn’t invest in real estate with structures, but it’s nice to have an investment where the structure isn’t a worry.
Reason #2. Long Term Play
Investing in land can be a long term play, especially if you buy outside of a city. Some investors will buy empty plots of land near a city and then wait. It might take a few years but as the city grows, a well-chosen plot of land could be in the path of development. Before you know it, the city has grown up around that plot of land and it’s now worth so much more.
Reason #3. Quick Flips
Land can also be an ideal investment because it provides the potential for quick flips. You can acquire land very cheaply, make a few small improvements, and flip it. The profit won’t be huge but if you do this right, you can make decent money. A good example might be when you acquire an infill lot that is overgrown with trees and bushes. You might buy it, clear the land, and sell it for a small profit to someone who wants to develop the land.
Reason #4. Multiple Exit Strategies
Raw land investments have multiple exit strategies: you can keep it for yourself and enjoy the land recreationally (strategy #1) before deciding what to do next: you could sell the land the way it is (strategy #2), or subdivide the land and sell it in pieces (strategy #3), or even start building on the land yourself to sell (strategy #4) or rent (strategy #5). There are so many ways to make money from investing in land.
Summary
Land investments are a compelling way to invest. If you’re looking at your next investment, these are 4 reasons to add land to your investment portfolio in .
Want to check out what land might be available to acquire in ? We can help with that. We have a list of land investment properties that we’ll share with you. Just let us know that you want to see the list by calling (270) 791-2538 or by clicking here to fill out the form.
There are many ways that you can invest in real estate – from residential to commercial to multifamily… and one often overlooked way to invest is a land investment. Are you looking at buying vacant land for investment in ? If so, keep reading because this blog post will walk you step by step through the reasons that you might consider holding vacant land in your portfolio.
There are many reasons why someone might be interested in buying vacant land for investment in …
Reason #1. Land is one of the original investments!
Long before people were flipping houses for network television, investors were staking their claim on raw, vacant land and building their fortunes on it. All the way back to ancient times, kingdoms were built on the value and opportunity that land presented… even raw and undeveloped land had perceived value.
Reason #2. Land is a scarce commodity
Land is scarce… no one is making any more land. The more people own, the less is available (it’s a simple issue of supply and demand). So by investing in land, you are banking on the land supply to continue dwindling, which tends to cause the value of land to trend upward. While there are no guarantees on any investment appreciation, the historical trends indicate that a lower supply and increase demand push prices higher.
“Yes, I want to learn more about buying vacant land for investment in .” << If that’s you, click here now and fill out the form and we’ll get in touch.
Reason #3. Multiple exit strategies
One of the most exciting reasons to own land is that you have many options to profit and benefit from the investment. If you invest in a house, your only options are really to rent it or sell it. But with land, there are many more exit strategies. You can build on it, you can subdivide it, you can rent it out to farmers, you can even sit on it and wait for an urban center to come to you. Of course it all depends on where the land is exactly and what the bylaws are, but you do have multiple exit strategies when buying vacant land for investment in .
Reason #4. Enjoyment
Another reason to think about buying vacant land for investment in is the enjoyment factor. Depending on where your land is, you may be able to enjoy the land for yourself (such as for hunting, fishing, camping or just relaxing) before you make money from it. Of course this may not work in every situation but it is a consideration!
Reason #5. Less work
As far as investments go, a vacant land investment is not very much work at all. In many cases, it’s a “buy and hold” or “set it and forget it” investment so you can buy and then wait. And any upkeep you may have to do is often minimal.
When it comes to real estate investing options, buying vacant land for investment in is a very compelling investment for many reasons.
Want to learn more about buying vacant land for investment in ? We’d love to talk to you about how we can help. Click here now to fill out the form or call (270) 791-2538 to speak to us.
If you own a piece of land and you’re thinking of selling or even just wondering how much it’s worth, then you need to find information about how to determine the value of land in Kentucky. In this blog post, you’ll read our best advice about how to do that…
What You Need To Know First About How To Determine Value Of Land In Kentucky
The very first thing you need to know is: it’s an art and a science. There are many factors that go into the valuation of land and there is never one single number that you can definitively say, “THIS is what my land is worth.” So we’ll give you some of the factors below but be aware that when it comes to how to determine the value of land in Kentucky, you’re really looking at an approximate range.
Market Price Is One Way To Determine Value Of Land In Kentucky
Economists will tell you that the best way to know the value of your land is to sell it. The price that someone is willing to pay is the value of your land. Of course, you might not be ready to sell (perhaps you’re just trying to see how much you can get for it) but certainly the most definitive answer you can get is how much someone is willing to buy your land for. But as you’ll soon see, there are other important factors as well…
Online Prices Shouldn’t Be A Way To Determine Value Of Land In Kentucky
When you’re thinking about valuing your property, one of the first places that many people look is at some websites that claim to give you the value. (Zillow is one such site but there are others.) Use these numbers with caution! They are derived from a number of factors and should only be considered one piece of information in a much larger puzzle. These numbers can be wrong by as much as 50% in some areas.
Agent Market Valuations Are A Simple Way To Determine Value Of Land In Kentucky
Many real estate agents offer free market valuations to homeowners and land owners. So you may consider calling up an agent and asking for a market valuation. The agent will then look at data from similar properties that have sold recently in the area and they’ll use that as a way to help you determine the value of your land. Again, it’s not a perfect number (since factors change) but it’s a good starting point if you are looking to list your property with an agent.
Here’s The Most Important Way How To Determine Value Of Land In Kentucky
The best judge of the value, though, is YOU. Three people looking at the same piece of land will get very different valuations – if one is a farmer wondering how hard it will be to clear the land and grow a crop, and if another is an owner who wants to build a retirement home in the wooded area, and if a third is a property developer looking to divide up the land and develop a subdivision. Each one will value the land according to their needs. So what do YOU see yourself using the land for? (And remember: value is not always a financial number but also includes the time, effort, and potential enjoyment you can get from the land).
If you want to talk about land with us, we’d love to connect with you. Perhaps you have a piece of land to buy or to sell, just click here to enter your info and let us know about the property you want or you own and we’ll get back to you quickly.
If you’re looking for land to buy, you should know there are several ways to search for it. In this blog post, we’ll cover how you can go about finding acreage for sale in Kentucky. Keep reading to discover some of the best sources…
Many Ways To Find An Acreage For Sale In Kentucky
An investment in land is a smart investment. There are many reasons why you might want to acquire a piece of land – perhaps you’re looking to use it for your own personal use – from farming to recreation to retiring, or maybe you’re looking to develop it as an investment that you hope to eventually profit from.
You might be looking for raw land; maybe you’re searching for farmland or empty land, or perhaps finding acreage for sale in Kentucky is your goal.
Whatever type of land to look for, here’re our 4 sources of places you should look.
#1. Finding Acreage For Sale In Kentucky In Classifieds Ads
There are many online classified ads (such as craigslist or the online version of your local newspaper) as well as classified ads in the print version of your local newspaper. Just start searching through their classifieds to make a shortlist of acreage land for sale in your area. You won’t get a lot of detail from the ad but it may tell you how big it is and how much it costs.
#2. Finding Acreage For Sale In Kentucky By Asking
Don’t forget the old “tried and true” method of finding something for sale… by asking for it. You can ask your friends and family, post on social media, tap into a network of real estate investors (which you might find at a local real estate investing association), or just ask everyone you meet – from your dentist to your dry cleaner. Just ask! You never know what you might find. And even if the person you ask doesn’t own the land, they may know someone who does. Of course, you can always ask us! Just pick up the phone and call us at (270) 791-2538 and see what we have available. Think of us as your “on-call” real estate network!
#3. Finding Acreage For Sale In Kentucky By Driving Around
Get in your car and drive. Drive into the rural areas of the state and look for two things: first, look for “For Sale” signs that owners may have posted on their land; second, look for land you like and then approach the owner and ask to buy it (this really works!) Driving around can be a time-consuming method but it’s also a great way to get out and enjoy Kentucky (bonus tip: bring along your spouse and kids for a fun family outing!)
#4. Finding Acreage For Sale In Kentucky By Reaching Out To A Land Seller
While the above 3 ways can be useful to find some land, you may not always get the widest options, the most variety, or even the most attractive prices. But if you reach out to a company like us here at KW Land Team through this site, you can access our inventory of acreage land in Kentucky to find the right one for you.
To get in touch and to view our inventory, click here to enter your information or pick up the phone and call our office at (270) 791-2538.
When some people think about buying land, they just think of a big, empty area. But land investing is way more detailed than that, which is good news because it gives you, even more, exit strategies. When you’re thinking about investing in land, here are 4 types of popular land investments and how to evaluate them.
4 Types Of Popular Land Investments And How To Evaluate Them
#1. Infills
These small properties exist in town and are often an undeveloped piece of land in the middle of a suburban area, such as the 42101 or other areas. When looking at these properties, consider how easy it is to build and whether the area is in a desirable location. Infills can be a fast, simple way to make money on building if you can build affordable and sell quickly.
#2. Subdivision Development
These tracts of land can be quite large and hold the promise of building a subdivision of houses. When evaluating this land, make sure that city services can be affordably extended to the area, and city bylaws allow you to subdivide the land. Some large subdivision developments around the country have stalled because city services couldn’t affordably be extended to the land.
#3. Commercial Development
Raw land can be turned into a warehouse, factory, storage facility, shopping space – even a restaurant, mechanic shop, or doctor’s office. When evaluating the potential of commercial development land, consider whether your preferred development will work on that land. For example, if you plan to build a shopping mall, is there road access and shoppers who live nearby?
#4. Recreation
Not all land needs to be developed. You may choose to acquire land and instead of seeking out a financial ROI, you may want to invest in land and hold it… but use the land for your enjoyment. This is a legitimate and very common reason to invest. When evaluating this type of land, ask yourself whether you’ll be allowed to build a cabin or hunt and fish on this land and whether it’s safe to allow others to do so too.
Summary
These aren’t the only ways to invest in land but these are 4 types of popular land investments and how to evaluate them so you can build a portfolio of profitable land investments. Start here and grow from here!
Are you ready to acquire more land or maybe you just want to see what land investments are available to consider how you might invest? Get in touch with us to see our list of available land investments. You can call us at (270) 791-2538 or click here now and fill out the form and we’ll get you access to our list of land investments.
When some people think about buying land, they just think of a big, empty area. But land investing is way more detailed than that, which is good news because it gives you, even more, exit strategies. When you’re thinking about investing in land, here are 4 types of popular land investments and how to evaluate them.
4 Types Of Popular Land Investments And How To Evaluate Them
#1. Infills
These small properties exist in town and are often an undeveloped piece of land in the middle of a suburban area, such as the 42101 or other areas. When looking at these properties, consider how easy it is to build and whether the area is in a desirable location. Infills can be a fast, simple way to make money on building if you can build affordable and sell quickly.
#2. Subdivision Development
These tracts of land can be quite large and hold the promise of building a subdivision of houses. When evaluating this land, make sure that city services can be affordably extended to the area, and city bylaws allow you to subdivide the land. Some large subdivision developments around the country have stalled because city services couldn’t affordably be extended to the land.
#3. Commercial Development
Raw land can be turned into a warehouse, factory, storage facility, shopping space – even a restaurant, mechanic shop, or doctor’s office. When evaluating the potential of commercial development land, consider whether your preferred development will work on that land. For example, if you plan to build a shopping mall, is there road access and shoppers who live nearby?
#4. Recreation
Not all land needs to be developed. You may choose to acquire land and instead of seeking out a financial ROI, you may want to invest in land and hold it… but use the land for your enjoyment. This is a legitimate and very common reason to invest. When evaluating this type of land, ask yourself whether you’ll be allowed to build a cabin or hunt and fish on this land and whether it’s safe to allow others to do so too.
Summary
These aren’t the only ways to invest in land but these are 4 types of popular land investments and how to evaluate them so you can build a portfolio of profitable land investments. Start here and grow from here!
Are you ready to acquire more land or maybe you just want to see what land investments are available to consider how you might invest? Get in touch with us to see our list of available land investments. You can call us at (270) 791-2538 or click here now and fill out the form and we’ll get you access to our list of land investments.
Investing in land can be a great way to boost and diversify your portfolio. It is a fairly low-maintenance and hassle-free way to increase your assets and overall wealth. In our latest post, we will take a look at some of the pros and cons of land investment in !
Land investment is often times overlooked, however it can be an excellent asset to any real estate portfolio. If you want to begin your investment journey, add to a portfolio, or find smart ways to diversify, land can be an excellent way to go.
Pros:
Low Cost
Land is cheap in comparison to other types of investments. Many people will find they only need to save up for a few months in order to generate enough cash to buy a lot. This opens the door to many people who want to begin investing but weren’t sure how to get their foot in the door. If you find the right property, you can buy low, sell it off or develop it, and use the profits for an even larger investment. Before you know it, you’ll be a real estate mogul and it all would have started with one small patch of dirt!
Low Maintenance
When you buy land, the is pretty much no work involved. It just sits there until the time is right for you to cash in. You might have to deal with small things, like keeping the lot free of brush and trash if it is in a residential neighborhood. You will not, however, need to deal with bad tenants, repairs, maintenance, or damage to your property.
Lower Taxes
Property taxes are much lower for land as opposed to lots with structures. Land can be a few hundred while a home can be a few thousand. These low holding costs are another reason why people love land investment so much.
It Can Be Developed
You can opt to develop the land yourself, adding a residential or commercial building depending on how the land is zoned. By creating something where there was once nothing, you will be able to generate tremendous profits renting it out or selling it off.
Make It Income Producing
Many people avoid land because it does not bring in any income. However, you can find creative ways to make it work for you. You can lease it to a neighbor so they have more room for their car or children’s play area. If it is a large parcel, and if it is allowed, you can lease the land to a hunter. You can use the lot for parking during special events if it is in a commercial area. There are many creative ways to make your land generate income.
Cons:
No Income
Land doesn’t typically bring in income unless you get creative with it. Of course, there are some exceptions as noted above, however, most of the time the property will sit until it is developed or resold. This is why you should look for land in developing areas, selling when it becomes a more “in demand” location.
Slower Appreciation
The value of land may not rise as quickly as housing would depending on your market. The profits you do see will likely be smaller than what you would find with a residential home.
Overall, adding land to your portfolio is a very safe and practical choice for new and seasoned investors. It is an excellent way to get into real estate investment as the costs to get started are very low in comparison to other types of investments. You should always keep land investment in mind when purchasing real estate.
Interested in land investment? We can help! Contact us today to learn more! (270) 791-2538
People invest in a lot of things; stocks, bonds, businesses, homes… But often times the benefits of land investment go over-looked. So why buy land? Because it is a safe and steadily appreciating investment that requires little to no maintenance.
Check out our latest blog below to learn all about the benefits of land investment!
Highly Motivated Sellers
Historically, some of the most profitable real estate deals have been found in land investment. Land sellers often have a low attachment to the property and will be open to hearing most reasonable offers. If they live out of state or in a location far from the land, they will feel even less attachment. Usually, land doesn’t generate the emotion that a home does.
Look for these “absentee owners” to find some great deals on land! KW Land Team works with land sellers every day, and we can help you find the lot you’ve been looking for.
You Can Start Small
Typically getting a loan to buy land is more difficult than getting a traditional mortgage. You will need near perfect credit to get a loan for a lot. Because of this, many people buy land in cash. Don’t let this intimidate you! Depending on where you’re located, you can find a building lot for only a few thousand dollars.
Plus, when you pay in cash you are not throwing away money on interest payments or biting off more than you can chew. Paying in cash makes the process run smoothly and quickly!
Less Competition
The land market statistically has fewer buyers. People often overlook land as they are looking for investment properties that will provide them with a steady income. To these investors, land investment is boring. The land does not make you money each month (unless you are leasing it to a rancher or farmer, etc.) but it will, however, make you money on the backend once the property sells.
The goal is to see the potential of a parcel of land that nobody else does. Research the area, and learn about future developments. Position yourself to buy land that is soon to be “in demand!”
Low Maintenance
Land is relatively low maintenance in comparison to other real estate investments. The beauty of buying land is that you won’t ever have to make repairs. There are no leaky rooves or faulty electrical circuits. Depending on the location, you might need to pay the city for routine maintenance, mowing and clearing if the lot becomes overgrown.
Other than that, expenses are typically non-existent. Land is something you can usually buy and walk away from. It is a “hands-off” investment that basically sits there. When you are ready to sell, there it will be, just as you left it.
Low Risk Over The Long Term
As we said above, land investment can seem boring. But sometimes boring is good. Most land will appreciate year after year. The longer you hold, the higher your profit. However, you will want to ensure your property tax payments don’t negate your profits. Land is often times a long term investment. Purchasing low in an up and coming area, then selling high once the land is in demand, is a quick and profitable way to invest in real estate.
If you are looking to buy land for your own use or as an investment, KW Land Team can help you find the perfect parcel! Fill out this form to let us know what you are looking for, or give our office a call today! (270) 791-2538
If you’re thinking about investing in raw land, empty land, and farmland, then you’re potentially weighing your options and deciding, “Is farmland a good investment in Kentucky?” In this blog post, we’ll help you answer that question for yourself…
If you’re asking, “Is farmland a good investment in Kentucky?” then you should be applauded for two reasons – first for looking at making a real estate investment, and also for performing your due diligence.
To help you perform your due diligence, here are two key factors you should consider (and you might be surprised by these factors because they’re not always talked about…)
Is Farmland A Good Investment In Kentucky — What Will I Be Using The Farmland For?
Maybe you plan to farm it. Maybe you want to rent it out to other farmers. Perhaps you plan to build a cottage and retire. Maybe you want to subdivide the land and develop it into a subdivision.
The first step is figuring out what you plan to do. Knowing this will help to narrow down which farmland choices are appropriate and which ones aren’t (For example, if you want to subdivide, you’ll probably want to make sure that there are city services out to the land.)
If you want to invest and you’re thinking of investing in farmland, but if you’re not quite sure how you plan to use the investment, that’s okay. You can always call us at (270) 791-2538 and talk to our team about some of the ways that our clients are investing in farmland in the area.
Is Farmland A Good Investment In Kentucky — There Is No Bad Investment
If you’re asking, “Is farmland a good investment in Kentucky?” then here’s something that might surprise you: there is no BAD investment. All investments can be “good”… in the right hands.
A great piece of farmland might be a great investment… for one investor (but a less than perfect investment for a different investor). It depends on your own goals and desires and what you want to do. You may have investment goals that don’t really work well on one piece of farmland but can be great on a different piece of farmland. So before we get to the answer to the question in the title of this blog post, we need to address one important question you should be asking, “What will I be using this land for?”
Overall, farmland can be a good investment in for you if you do your due diligence, take a strategic approach, and first figure out what you plan to use it for – and then if you make sure that you work with the right team to help you achieve your investing goals.
To find out more about our inventory of farmland in , and to talk about your investment goals (and some investment strategies) with our team, click here to enter your information or pick up the phone and call (270) 791-2538.
If you’re a real estate investor and you’re wondering what your next investment should be, have you considered investing in land? It’s an often-overlooked investment with a lot of potential, and it’s a simple way for someone to extend their real estate investing portfolio in a different direction. Here are 4 reasons to add land to your investment portfolio in Kentucky.
Some investors will ONLY invest in land, yet many investors don’t even think of it. If you’re an investor, have you considered investing in land? There are many reasons why a land investment might make sense for your next acquisition.
Here Are 4 Reasons To Add Land To Your Investment Portfolio In Kentucky…
Reason #1. Diversify From Structures
We all know that diversification in your portfolio is a good thing but when you invest in real estate, how do you diversify? One way is to invest in raw land instead of land with a structure. Land with structures (whether residential or commercial) can be a lot of work and have a high cost just to maintain. But land without any structures is much easier and cheaper to maintain – you may only need to mow the lawn and that’s it! We’re not saying that you shouldn’t invest in real estate with structures, but it’s nice to have an investment where the structure isn’t a worry.
Reason #2. Long Term Play
Investing in land can be a long term play, especially if you buy outside of a city. Some investors will buy empty plots of land near a city and then wait. It might take a few years but as the city grows, a well-chosen plot of land could be in the path of development. Before you know it, the city has grown up around that plot of land and it’s now worth so much more.
Reason #3. Quick Flips
Land can also be an ideal investment because it provides the potential for quick flips. You can acquire land very cheaply, make a few small improvements, and flip it. The profit won’t be huge but if you do this right, you can make decent money. A good example might be when you acquire an infill lot that is overgrown with trees and bushes. You might buy it, clear the land, and sell it for a small profit to someone who wants to develop the land.
Reason #4. Multiple Exit Strategies
Raw land investments have multiple exit strategies: you can keep it for yourself and enjoy the land recreationally (strategy #1) before deciding what to do next: you could sell the land the way it is (strategy #2), or subdivide the land and sell it in pieces (strategy #3), or even start building on the land yourself to sell (strategy #4) or rent (strategy #5). There are so many ways to make money from investing in land.
Summary
Land investments are a compelling way to invest. If you’re looking at your next investment, these are 4 reasons to add land to your investment portfolio in Kentucky.
Want to check out what land might be available to acquire in Kentucky? We can help with that. We have a list of land investment properties that we’ll share with you. Just let us know that you want to see the list by calling (270) 791-2538 or by clicking here to fill out the form.
Thinking about what to invest in, in Kentucky? You might find this interesting: vacant land is a compelling opportunity right now. Make sure you read this blog post to learn 4 reasons why investing in vacant land in Kentucky might be a viable option.
When you ask some real estate investors what you should invest in, they’ll probably tell you that you should invest in houses. However, that’s not the only way to invest! There are many different viable investments, including commercial property, vacation property, and even vacant land!
Vacant land may provide one of the most compelling investment opportunities right now. Here are 4 reasons why investing in vacant land in Kentucky might be a viable option.
4 Reasons Why Investing In Vacant Land In Kentucky Might Be A Viable Option.
Reason #1. Real estate prices tend to go up
No one is making more land, yet there are more and more buyers. Therefore, the price of real estate tends to go up. (Sure, there are prices variations in the short-term but over the long-term, prices tend to rise.) Therefore, an investment in real estate has historically provided a positive return.
Reason #2. Multiple exit strategies
Investing in a rental property or vacation property gives you just one way to make money – rental income! But when you invest in vacant land, you can sell it, rent it, develop it and rent it, develop it and sell it… and more! The sky’s the limit, which means you have more ways to create a positive return.
Reason #3. Popular growth
In general, the population grows faster than it declines. Some of this growth is from people moving from one area to another, and a lot of this growth is from babies being born. Well, those new-to-the-area people will want houses, so will the families with babies… and someday those babies will grow up and want homes of their own! Owning vacant land positions you to serve any of these groups that you choose.
Reason #4. Market ups and downs
You might be reading this and wondering if the market is not very good and whether you should wait to make the investment. However, just remember this: all markets are different and local markets don’t necessarily follow the national economy. Besides, markets may go up and down but, over time, economies tend to rise. Therefore, if you buy during a market decline, that’s great because you bought low and you can wait to sell high; or, if you buy during a market rise, that’s great too because you have many ways to add even more value during a period of increased demand.
Summary
From residential to commercial to vacation properties – there are many compelling investment opportunities but these are 4 reasons why investing in vacant land in Kentucky might be a viable option for you.
Want to see what vacant land investment opportunities are available in Kentucky? Click here and fill out the form or call our team at (270) 791-2538
If you want to invest in vacant land or agricultural land, the first step is FINDING the investment! In this blog post you’ll read about 4 resources you can use to find farm and land investments in Kentucky.
One question we’re asked all the time is, “KW Land Team, we want to find vacant land, raw land, undeveloped land, and agricultural land… but we’re not sure where to start looking!”
Great question! When it comes to residential properties, it seems like you can always find listings, but with vacant land it’s a little harder. So we like these 4 resources you can use to find farm and land investments in Kentucky…
4 Resources You Can Use To Find Farm And Land Investments In Kentucky
Resource #1. Word Of Mouth
One great but often overlooked resource is simply word of mouth. Reach out to your network – at work, among your friends and family, and on social media – and ask them if anyone knows of any available vacant land or farm land for sale. They say that everyone knows 200 people, so if you ask 200 people and you’ll be sourcing from tens of thousands of people… and someone probably knows of a piece of land for sale!
Resource #2. Internet
The internet is a powerful place with a lot of information at your fingertips. There may or may not be a specific website dedicated to the kind of land you want in the specific Kentucky area you’re looking, but if you search “vacant land in Kentucky” or “investment land in Kentucky” or “farm land for purchase in Kentucky” you’ll probably find many leads that you can follow up.
Resource #3. Real Estate Agent
Ask your local real estate agent if they’re aware of any vacant land for sale. If they don’t know of any right away, they’ll have access to a network of agents who can probably source the land for you. (Just be aware, though, that you may have to pay more for this land because of the agent’s help, versus any land you find on your own.)
Resource #4. KW Land Team!
Yes, you can always reach out to us here at KW Land Team! We work with many buyers and sellers all over Kentucky and we always have a constantly-refreshed inventory of land investment opportunities that buyers like you are investing in. So get in touch with us at (270) 791-2538 and we’d be happy to show you what properties are available.
Summary
Investors have no problem finding residential investments but vacant land investments and farm land investments can be a little more difficult to find. That’s why we like these 4 resources you can use to find farm and land investments in Kentucky.
Want to see what vacant land investment opportunities are available in Kentucky? Click here and fill out the form or call our team at (270) 791-2538
Looking to invest in undeveloped land? Read this blog post to learn how to weigh these 5 site characteristics before buying raw land for development in Kentucky (including the 42101)
Want to buy land within the Kentucky area? A lot of investors love vacant land as an investment! If you’re thinking about doing a land deal, make sure you weigh these 5 site characteristics before buying raw land for development in Kentucky.
Weigh These 5 Site Characteristics Before Buying Raw Land For Development In Kentucky
Site Characteristic #1. Legal Area
In many residential areas, boundary markers like fences, sidewalks, and roads mark the legal boundaries of a home. But with vacant land it’s not always as clear. Depending on where the land is, it can be difficult to tell where your property ends and another one begins. Before you even invest, make sure you know exactly where the legal boundaries of your property are so you don’t develop beyond those boundaries.
Site Characteristic #2. Zoning
Municipalities will zone different areas in order to control growth. After all, no homeowner wants a garbage dump or noisy factory beside them! Zoning will restrict what you can build.
So, if you’re investing to develop the land, or if you’re planning to sell to a developer, make sure you know what can be built on the property.
Site Characteristic #3. Drainage
When it rains, a lot of the water soaks into the ground. But in a heavy rainfall, not all of it will immediately soak in! When it rains, or when the snow melts, where does the water go? Knowing the drainage lines of your property will help you know where to develop (so you don’t build a house whose basement always floods!)
Note: even if you don’t like the drainage line, you can often change it (within reason); however, it’s good to know where the water drains before you start building any structures!
Site Characteristic #4. Stability for structures
Vacant land has so many promising possibilities but not all land is appropriate for every use. The make-up of the soil will determine if and where a structure should be built on the property, and even how deep you need to dig for a sturdy, dry structure.
Site Characteristic #5. Path of growth
Want to know the best place to buy vacant land? It’s easy: in the area that’s going to be developed in the future! The value of your investment will rise as demand increases for the land around it. So, determine the path of growth so you can know where your next land investment should be.
Summary
Vacant has historically been a compelling investment. (After all, ALL land was vacant at some point!) If you want to buy land within the Kentucky area, make sure you weigh these 5 site characteristics before buying raw land for development in Kentucky.
Want to see what vacant land investment opportunities are available in Kentucky? Click here and fill out the form or call our team at (270) 791-2538
Whether you are looking to purchase a piece of land as an investment or as a place to build your dream home, there are some things you must know before buying. KW Land Team is a team of local land professionals.
In this blog post, we have put together some of our favorite tips for buying land.
Tip #1: Make A List of What You Want
Are you buying the land as an investment? Or as a recreational or building site for yourself? The land’s use will determine exactly the types of land you will want to focus on. A few things you should consider are:
Price. Sure this seems obvious, but you will want to set a maximum budget and stick to it. If you are planning to build, you don’t want to blow your budget before you’ve even broken ground. And if you buying for investment, you should know the exact price you can purchase in order to sell for a solid return. Stick to your guns, and don’t go over-budget.
Size. How much land do you need? You might think you want several acres until you see the maintenance that will be required. Maybe 1 or 2 acres would better suit your needs. Or maybe you want to build a decent sized home, and still, have a big yard. An oversized lot might be perfect.
Dirt & trees. What kind of soil is on the property? Is it sandy or clay? The actual dirt on the land can cause issues with building and have a huge effect on what you are able to grow on the property. Many buyers love seeing a lot with trees or a house painted a certain color.
Tip #2: Educate Yourself
There are many variables to consider when making a land purchase. Often times there are many things people will over look. Buying land in about more than just location.
What type of access does the property have? Ideally, your land should accessible via a road. However, if it’s not, you will need to ensure the proper easements are in place so that you may transverse another’s property to get to yours.
Does the property have a clear title? Liens and other encumbrances can cause a big headache if they aren’t dealt with before closing.
Zoning. Sure your land might be zoned residential today, but what if there is a zoning change planned for the future? Make sure you know of any potential zoning changes so you don’t get stuck with land you can’t use.
What are comparable properties selling for? Do not go by what they are listed at, but rather the actual sales prices of some comparable lots.
Covenants are basically the rules of the land. If you want to have a small farm, the rules might say you cannot. Or if you want to build a three-story home, you might not be able to. Make sure you understand all the rules placed upon the land by local authorities.
You will want to make sure you understand your water rights. Let’s say you bought 2 acres for your small farm, but then you find out that you are only allowed to irrigate an eighth of it. You will have a lot of dried up farmland on your hands.
Tip #3: Work With A Pro
Tips for Buying LandThe process of buying and selling land is quite different than buying a home. Because a realtor might receive less commission when working with land, they typically don’t put in as much effort into understanding the variables. Working with a team of highly skilled professionals, such as the team at KW Land Team will help you to make the best investment possible.
A land professional will help educate you on all the points above and make sure you find the best property possible when looking to by land. Find a Realtor who specializes in helping people buy land is a must. They can help answer any questions and help you find the perfect piece of land to YOUR needs.
KW Land Team can help you whether you are looking to buy or sell land in the Kentucky area. Fill out this form, or give our office a call now to find out how we can help you! (270) 791-2538
There are many ways that you can invest in real estate – from residential to commercial to multifamily… and one often overlooked way to invest is a land investment. Are you looking at buying vacant land for investment in Kentucky? If so, keep reading because this blog post will walk you step by step through the reasons that you might consider holding vacant land in your portfolio.
There are many reasons why someone might be interested in buying vacant land for investment in Kentucky…
Reason #1. Land is one of the original investments!
Long before people were flipping houses for network television, investors were staking their claim on raw, vacant land and building their fortunes on it. All the way back to ancient times, kingdoms were built on the value and opportunity that land presented… even raw and undeveloped land had perceived value.
Reason #2. Land is a scarce commodity
Land is scarce… no one is making any more land. The more people own, the less is available (it’s a simple issue of supply and demand). So by investing in land, you are banking on the land supply to continue dwindling, which tends to cause the value of land to trend upward. While there are no guarantees on any investment appreciation, the historical trends indicate that a lower supply and increase demand push prices higher.
“Yes, I want to learn more about buying vacant land for investment in Kentucky.” << If that’s you, click here now and fill out the form and we’ll get in touch.
Reason #3. Multiple exit strategies
One of the most exciting reasons to own land is that you have many options to profit and benefit from the investment. If you invest in a house, your only options are really to rent it or sell it. But with land, there are many more exit strategies. You can build on it, you can subdivide it, you can rent it out to farmers, you can even sit on it and wait for an urban center to come to you. Of course it all depends on where the land is exactly and what the bylaws are, but you do have multiple exit strategies when buying vacant land for investment in Kentucky.
Reason #4. Enjoyment
Another reason to think about buying vacant land for investment in Kentucky is the enjoyment factor. Depending on where your land is, you may be able to enjoy the land for yourself (such as for hunting, fishing, camping or just relaxing) before you make money from it. Of course this may not work in every situation but it is a consideration!
Reason #5. Less work
As far as investments go, a vacant land investment is not very much work at all. In many cases, it’s a “buy and hold” or “set it and forget it” investment so you can buy and then wait. And any upkeep you may have to do is often minimal.
When it comes to real estate investing options, buying vacant land for investment in Kentucky is a very compelling investment for many reasons.
Want to learn more about buying vacant land for investment in Kentucky? We’d love to talk to you about how we can help. Click here now to fill out the form or call (270) 791-2538 to speak to us.
Who else is looking for information about how to buy land cheap in Kentucky? In this blog post, we’ll walk you step by step through the process of buying cheap raw land in and around Kentucky.
Step 1. Figure Out Your Land-Buying Goals
People buy land for different reasons. Perhaps you are a real estate investor who wants to make money on your land investment. Or maybe you want land that you can hold onto, which doesn’t require a lot of work, that you can retire on someday. Or perhaps you are an outdoors person who wants a piece of empty land that you can use for recreational purposes.
Before you buy any land, you need to figure this out first because your desired outcome or “return” will depend on your goals.
Want to buy to subdivide, develop, and sell? Then you’ll probably want property that is relatively close to a city along the path of growth.
Want to buy to hold onto someday for your retirement? Then you’ll probably want something that is far enough way to be peaceful yet will be close enough by retirement to get the infrastructure services you need.
Want to buy land for recreational purposes? Then you’ll want something that you can drive to but is far enough away that your use of it won’t break any city bylaws.
Step 2. Find A Seller
Once you’ve figured out what you’re looking for in a raw land investment, find a seller with some inventory to help you. You might have to review a few different raw land investment opportunities before you choose one so make sure you choose a seller with some inventory. At KW Land Team, we have raw land in our inventory and we can walk you through the process of how to buy land cheap in Kentucky. Click here now and fill out the form to learn more.
Step 3. Close The Deal
A good raw land seller will help you get everything in order so you can purchase the land. Select your land investment and close on the deal, filling out the paperwork promptly and working with your seller as well as any financing company or private investor who might be partnering with you on the deal.
Step 4. Enjoy And Benefit!
The deal will probably close fast and now it’s time to enjoy and benefit from your land investment. Start deploying your land investment plan, perhaps by subdividing the land or going out for a day to enjoy the fresh air. Get to know your land and the possibilities it presents for you.
Summary
Wondering how to buy land cheap in Kentucky? Follow these 4 simple steps and in no time at all you’ll be standing on your very own vacant land investment.
Click here now and fill out the form to talk to our team, or call us at (270) 791-2538. We have land investment inventory and we can show you how to buy land cheap in Kentucky right now.