4 Uncommon and Lucrative Real Estate Investments
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When it comes to real estate investing, most people think only of rental properties, fix-and-flip opportunities and other investments involving standard housing. The truth, though, is that there are many types of real estate investments. Here are four uncommon and lucrative real estate investments you may never have heard of before.
Most people think that the only way that you can have a lucrative real estate investment is either by commercial leasing or flipping houses. These are definitely very popular ways that you can get into real estate. When you flip a house you increase the value of the home. If you rent it out while the value skyrockets then you can make hundreds of thousands of dollars in a transaction. There are other creative ways that you can make money that won’t have as many competitors looking for the same opportunities in your area.
While most people think that farmers own the land they work, a surprising amount of farmland in America is rented or leased. According to USDA statistics, 39 percent of America’s farmland is rented. If you have the means to buy and rent out farmland, it can produce a steady income with minimal upkeep expenses. Farmers also tend to become long-term tenants, making this rental market more stable than the traditional business of renting out apartments or single-family homes.
Wind Turbine Leasing
If you own land in the right parts of the country, you may be able to reap a significant amount of money by leasing it out for wind turbines. Developers pay landowners for the rights to put up wind turbines on their land. While the exact rates for these leases vary, they usually amount to several thousand dollars for each turbine.
Hunting Ranches and Fishing Resorts
If you’re an outdoor enthusiast, you might enjoy being the owner of your own hunting ranch or fishing resort. Visiting sportsmen often pay large sums of money to hunt or fish in new areas, making these kinds of properties quite profitable. Once you find a piece of recreational land for sale and put up cabins or a lodge, you’ll be able to yield return on your investment in the form of hunting or fishing fees.
For investors who want to make money off of property while also being active business owners, an event venue can be a good option. By building or buying a venue and renting it out for weddings, concerts and other events, you can make a good return on your investment while also building an active business by offering other services to your renters. While running an event venue isn’t for everyone, it can be a rewarding and lucrative opportunity for the right kind of investor.
These are just a handful of the many uncommon real estate opportunities investors can take advantage of. If one or more of these investments interests you, there’s a good chance you’ll be able to make a strong return on your investment.
Kara Masterson is a freelance writer from Utah. She enjoys Tennis and spending time with her family.
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