When it comes to real estate investing, there are many different ways to invest and grow your portfolio. Government land for sale is one of the unique opportunities that real estate investors can take advantage of. It’s also one of the most overlooked. However, in recent years, more and more investors have discovered the benefits of investing in government land for sale. These properties are affordable compared to other types of real estate investments, and they often come with various perks. If you’re interested in learning more about why so many investors believe that government land for sale is a smart investment, keep reading to learn everything you need to know before making that decision.
What Is Government Land for Sale?
Government land for sale is a type of real estate that is still owned by the government. Depending on the specific type of government land, it could be unoccupied public land, government-owned buildings that are being sold, or even land that a government agency is currently utilizing. The good news is that the government usually doesn’t put a lot of restrictions on these properties. This means you’ll have much more freedom regarding how you want to invest in government land for sale. Generally speaking, government land for sale can fall into one of two categories. You could purchase surplus government property, land the government no longer needs. Or you could be buying land from a government agency, typically leased land.
Purchasing Government Land for Sale: Pros and Cons
One of the best things, when you purchase government land for sale, is its affordability. Depending on the specific property and the government agency you’re purchasing it from, the prices of these properties can start at as low as $1. When purchasing government surplus property, you’ll likely be paying a lot less than you would for a typical piece of private real estate. Government agencies are always looking for creative ways to cut costs, so they’ll often offer these properties at extremely low prices. Another perk is that there aren’t a ton of restrictions on these properties. When most investors purchase private real estate, they often have to jump through a lot of hoops, and they may even have to navigate a long and complex due diligence process. But government land for sale is a lot different. When you buy from a government agency, you can usually skip a lot of the red tape and due diligence processes that you’d normally have to navigate.
How to Invest in Government Land for Sale
There are two main ways to start investing in government land for sale. Before you dive in, it’s important to note that each type of government land for sale comes with its own pros and cons. If you’re interested in purchasing government surplus property, you’ll want to look for sales advertised online. You can search for these sales on websites like GovSales.com or GovLiquidation.com. You can also search for local sales in your area by contacting your state’s department of general services. If you’re interested in purchasing land from a government agency, you’ll want to contact the agencies in your area to find out if they have any properties for sale. You can find a list of state agencies in your area online. Just keep in mind that it’s best to start this process as soon as possible, as some government agencies won’t accept new purchases until their current contracts are up.
Why So Many Investors Are Excited About Government Land for Sale
One of the biggest reasons why so many investors are excited about government land for sale is the low minimum investment requirement. This means that these properties are a great option for new investors who might not have enough cash to invest in other types of properties. Another reason why these properties are so exciting is that they come with low risk. Many government agencies don’t require a down payment, which means that you won’t have to risk as much of your cash upfront. Investors also love that there aren’t many restrictions with government land for sale. With private real estate, you have to navigate a long due diligence process to make sure that the property is sound. But with government properties, things are a lot simpler. Since fewer regulations and restrictions exist, many of these properties come with very minimal due diligence processes.
Government land for sale is one of the most unique and exciting types of real estate investments out there. These properties are often very affordable and come with very few restrictions. However, it’s important to note that government land for sale isn’t right for every investor. Before you dive into these properties, you’ll want to ensure that they’re right for your investment goals. Now that you know everything you need about government land for sale, you can start exploring these properties yourself. With so many benefits, low investment minimum, and low risk, government land for sale is a great investment opportunity for new and experienced investors.