Unless you really love the location, I’d sell it for retail value and reinvest in something that you’re more interested in.
this post was submitted on 24 Nov 2023
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What state?
Why are you buying it if you don't know what to do with it?
I had some money I wanted to invest and I found a good opportunity. It's not that I don't know what to do with, I do have my ideas but I wanted to hear others who may have more experience with it
Any advive would be useless without knowing more details. Is your land in Cape Cod or on an active volcano?
Location as always makes a huge difference.
Sell crack
This should be in an REI sub, not entrepreneurship. This is an investment not a business unless you’re planning on making a business out of flipping land, in which case it’s still better suited for REI subs.
Don’t spend anything that doesn’t objectively increase its value. Make sure you CAN build a permanent structure on the lot before anything and have it surveyed, then you can start cleaning it out if you want to.
Son, if you can't tell the difference between a foot and a square foot, boy, are they going to see you coming.
Hold on to it, keep it managed, and sell it later. Maybe put a couple of air bnb cabins on there to pay for the upkeep.
If it's being developed in the area, then there is a chance somebody may make you an incredible offer in the future.
If there's any surf there build a surf camp and make it a travel destination.
Where is it in Europe?
I'm not an entrepreneur myself but camper are a huge thing nowadays. I would consider to transform it in a camping spot for tents/campers. Must invest a little to have decent toilets, electricity (maybe put solar panels on your toilets) and clean water which if you are in Europe shouldn't be that difficult to achieve. I give you a link for a video of a person who did it for a national park: https://youtu.be/1pgeUWAyUDE?si=-m3CC9kLwMlxGehJ
P. S. I'm not the author and I'm not promoting anything or anyone, it's just that I think that this woman does great content. Hope you like it too :)
Where is it?