Plenty of real estate agents earn passive income by renting out investment properties, but did you know that there’s a way to generate passive earnings without the hassle of renters?
- County research is a crucial part of the process for purchasing land. Look for vacant properties with delinquent taxes as they’re easier to buy at a low price.
- Always offer less than the land is worth. If you don’t buy your properties at a discounted price, you’ll never be able to turn a profit.
- Emphasize seller financing while marketing. This is the key to generating passive income via land resale and will broaden your buyer pool.