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How to Buy Plots of Land for $100 or Less

CEO Khai Intela
I recently came across an article about billionaire media mogul John Malone, who has become the largest landowner in the United States. His latest acquisition in New Mexico increased his total holdings to over 2.2...

I recently came across an article about billionaire media mogul John Malone, who has become the largest landowner in the United States. His latest acquisition in New Mexico increased his total holdings to over 2.2 million acres. While some speculate his intentions, Malone himself believes that now is the perfect time to invest in land due to low borrowing costs and prices.

This got me thinking, land is a valuable commodity that will become even more essential in the future. However, buying land can be expensive, especially if you don't have millions of dollars to spare. So, I embarked on a fun experiment to see if it was possible to purchase a plot of land for less than $100. And guess what? I found success in the most unexpected place... eBay.com.

Ebay, known for its weird and unique goods, also offers small tracts of land for sale at incredibly low prices. While most of these plots may not be worth much now, it does make you wonder if they could become valuable in the future. After all, if you can buy property below market value, who knows what it could be worth someday?

Take a look at these screenshots I captured from recent auctions that closed for less than $100:

Plots of Land Plots of Land

Before you jump into buying land on eBay, here are a few tips to keep in mind:

Tips Before You Buy

1. Read the Auction Details

Make sure you carefully read all the details of the auction. Are there any back taxes or liens on the property? Are there additional closing fees? Some auctions may require a down payment with the final sales price being much higher. It's crucial to understand all the terms before placing your bid.

2. Consider Property Taxes

Many people sell their land at low prices because of yearly property taxes. These taxes are based on the appraised value of the land. If the value of your land is relatively low, the taxes may also be minimal. However, it's essential to research and understand the exact amount you'll be responsible for paying each year before making a bid.

3. Obtain the Deed

After you've successfully won an auction and paid for the land, ensure that you receive the deed. If the seller fails to provide a deed, contact PayPal immediately to reverse the transaction.

4. Be Patient

Buying land is a long-term investment. While there may not be immediate interest in your land, its value could appreciate over time. Patience is key when it comes to land investments.

So, do you think land is a good investment? Do you have any plans to buy any? Let us know your thoughts and share your experiences!

Remember, with a little bit of creativity and some careful research, you too might be able to find a plot of land for $100 or less. Happy land hunting!

Caption: Plots of land available on eBay for $100 or less.

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