Land ownership should be making you money. Easier said than done, the many different options for achieving cash flow can seem overwhelming. Here are three ways for you to turn your land into a cash-flowing asset.
Venues can be an excellent way to produce more income. Build a celebration venue that is suitable for large gatherings in today’s climate. Not only will the infrastructure add value to the property, now you can host weddings, birthdays, baby showers, company Christmas parties, and more!
Photo by @71west via Instagram
Another excellent way to produce cash flow from your land is to build a tiny-home community. In a 5-acre lot, you could fit approximately 3-5 tiny homes. Not only will the new tiny-properties add value and appreciate over time, now you can become an Airbnb Host to rent out your properties throughout the year.
Photo by @aussietinyhouses via Instagram
If building on your land isn’t the option for you at this time, here’s an eco-friendlier way to produce income from your land.
Photo by @nikijabbour via Instagram
Growing your own food is simple and with a little research and dedication, you could be growing enough vegetables to sell at your local farmer's market. Do a little more research and find your plant niche. Many plants like Microgreens, Ginseng, and herbs, are very profitable.
Nice, makes me want to start growing lettuce!