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You can grow things on it. You can rent it out as parking or storage areas. You can use it for local sales (farmer's markets, swap meets etc.). Mostly depends on location and size.

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Q: How can you make money on vacant land?
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Can you get a mortgage to buy a vacant lot?

I just bought a vacant lot with money I borrowed (a personal loan) from my credit union. The bank and mortgage company I checked with said they no longer do land loans.


Do you have to insurance on vacant land in Chicago?

It honestly depends why you want to have insurance on the vacant lot. Is it because you want to start a business on the land or make a garden or have parties or even make the place a party home for when anyone is having a party and they want it to be outdoors you could rent the person vacant lot. Then yes I would because if someone was to vandalize or destroy your property would have no way to recover the place,or find the person and make the person pay back. Plus it would be easier to have insurance to save time, and money!


What is the general liability class code for vacant land?

49451. Vacant land. Rural including products and/or completed operations


Insurance on vacant land?

Coverage for truly vacant land is automatically extended from most homeowners policies at no additional cost. The catch is that vacant land is considered land free from any man made structures and activities, which would include fences etc.


Does real estate development include the purchase of vacant or raw land?

Real estate development includes the purchase of vacant or raw land


What liability insurance coverage can be obtained for vacant land?

Whatever coverage amount you wish and that the company will accept, You can obtain liability insurance on vacant land.


Is vacant land in another state covered for liability on a homeowners policy?

A standard homeowner's policy covers liability claims arising out of any vacant land owned by and insured.For coverage to apply, the land must be truly vacant, not used for farming, no structures, etc.


How do you make sentences for vacant?

The dilapidated building was obviously vacant.


Can you file bankruptcy if you own vacant land?

Of course


What can you do on your vacant land without the permission of the local authority?

sit..................


How can you buy land without a house so you can tent it or build your own?

By going to a real estate office and telling them you want to buy vacant land. You pick out the land you want, get financing if necessary, and close on it. Lots of people buy vacant land.


What country has the most vacant land?

Mongolia is widely regarded as having the most vacant land in the world, with vast areas of remote and uninhabited territory.