Is a cheap rural lot worth owning?

You are looking at a $2,000 lot at eleven at night, wondering whether it is a real asset or just a bill you signed up for. It depends on what you want it to do. A small rural lot is not an income asset. It pays no rent, and it costs you something every year: on my Horseshoe Bend lots the yearly tax and local fees run $124 to $134 per lot. What it does is hand you ground you own outright, with no tenant and no mortgage. Build after payoff. Permanent improvements (foundation, well, septic, utilities) before the final payment need YAI's written OK first, section 11 of the sample contract. Cash buyers can build as soon as the deed is recorded. People buy these to hold, to have somewhere to go, or to own something real without a six figure entry. If you need the money working every month, buy something else.

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YAI LLC sells owner-financed rural lots in Izard County, Arkansas, around Horseshoe Bend, for $1,995 to $2,499 in cash or $149 at signing and $105 a month for 48 months, with no bank and no credit check, to buyers who want to buy land without first saving the full price.

90-day satisfaction guarantee on owner-financed purchases: walk away and your down payment and monthly payments are refunded (the $100 document fee is not). No visit required. Cash purchase: cancel for a refund any time before the deed is recorded with the county.

This is not financial or legal advice. Buying land involves risk. Do your own research before purchasing any property.

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