Get ‘Unwanted’ Land and Start One Of These 7 Businesses (It’s THAT Simple)

Summary

This video explores the possibility of owning land as a low-risk business venture that can generate substantial income. The presenter shares practical ideas such as using land for hunting, egg farming, equipment storage, goat farming, and even establishing orchards or barndominiums. With examples from real-life cases, including how people have successfully utilized their land for passive income, the video breaks down various options that range from affordable to more substantial investments. It emphasizes how anyone can diversify income through land ownership, even with minimal upfront costs or experience, and leave a lasting legacy.

Takeaways

• 😀 Owning land can be a low-risk business, allowing you to earn significant passive income with creative financing.
• 😀 You can purchase land for just a few thousand dollars and turn it into a cash-flowing asset by utilizing platforms like HipCamp.
• 😀 Kate's success story demonstrates that owning land near popular destinations can generate $1,500/month with minimal management.
• 😀 Diversifying income through real estate investments, like farmland, can offer long-term stability and lower volatility compared to stocks.
• 😀 The U.S. farmland market is shifting, creating opportunities for everyday investors to buy land from retiring farmers at competitive prices.
• 😀 You can make money from land by leasing it for hunting, farming, equipment storage, and more, depending on its location and potential.
• 😀 Starting an egg farming operation on land could be profitable, with egg prices soaring and the opportunity to produce thousands of eggs annually.
• 😀 Renting out land for equipment storage can generate significant income, with an example showing $60,000/year for 50 pieces of equipment.
• 😀 Goat farming is another profitable land venture, with the potential for milk, meat, breeding, and even value-added products like soap and cheese.
• 😀 Orchards, while requiring significant initial investment and labor, can produce consistent income over decades, especially in regions known for fruit production.
• 😀 Barndominiums, especially those with wedding venue potential, can generate substantial income with proper management, potentially reaching $150K per year.
• 😀 Automating vacation rental properties, such as through smart technologies and management systems, can turn a property into a fully automated, high-revenue business.

Q & A

What are the main business ideas for generating income from land?

The script discusses seven different ways to generate income from land, including hunting leases, egg farming, equipment rental, goat farming, running an orchard, barndominium rentals, and automated vacation rental properties.

How much did Kate invest to start her business on land, and what was her early success?

Kate bought a piece of land near Joshua Tree for $10,000, and within her first 90 days, she was earning $1,500 per month by listing it on platforms like HipCamp.

What are some of the potential benefits of investing in farmland?

Investing in farmland offers low volatility, consistent returns (averaging 11.5% annually since 1990), and it is not correlated with stock market fluctuations. Additionally, farmland provides tax advantages such as agricultural tax credits.

How does hunting on land generate income, and what are the potential earnings?

Hunting leases can be a source of income by allowing people to hunt on private land. Lease rates in places like Oklahoma have risen to around $300 per acre. For 100 acres, this could generate up to $30,000 per year.

What is the potential revenue from egg farming, and what is the initial investment?

With 500 hens, you could produce 125,000 eggs per year, potentially generating $20,000 annually at a price of $2 per dozen. The initial investment includes costs for a chicken coop, feed, and other necessary equipment.

What is the business model behind renting out land for equipment storage?

Renting out land for equipment storage allows you to charge a monthly fee for storing agricultural machinery or other equipment. For example, you could store 50 pieces of equipment, charging $100 per month per piece, which could generate $60,000 annually.

What are the steps and potential earnings involved in goat farming?

Goat farming involves raising goats for milk, meat, and other products like soap or yarn. An initial investment of about $15,000 for 15 goats can lead to revenue from milk, cheese, and other byproducts. Annual revenue could reach around $45,000, with profits around $15,000 to $20,000.

What are the long-term benefits of running an orchard, and what is the initial cost?

Orchards provide a long-term investment, as trees can bear fruit for decades. The initial investment includes the cost of saplings, irrigation systems, and equipment, which could total around $30,000. Once established, orchards can generate up to $60,000 per year in fruit sales.

How can a barndominium on land be turned into a profitable business?

A barndominium can be used as a wedding or event venue. Renting it out for weddings and other events could generate significant income, with the potential to earn between $100,000 and $150,000 annually by hosting 20 to 30 weddings per year.

How does automation work in vacation rental properties, and how can it increase profitability?

Automating vacation rental properties involves setting up systems for guest check-in, keyless entry, and other management tasks. This reduces the need for hands-on involvement, and with proper management, such properties can generate hundreds of thousands of dollars annually in passive income.