Do you have an investor looking for a good opportunity? May I suggest looking at airport and airpark properties?
An Example...
About four years ago I found a five acre parcel of land and older home (1960's) for sale in our town that just happened to border the county airport. I purchased it for $210K, with a friend we immediately split it and I kept 2.5 acres and the house, and he kept 2.5 acres for 60K - This means I now had a home and 2.5 acres for $150K. I talked my wife into selling our home to move into this home while we also worked on a "t the fence" access to the airport from our property. It took about four months to work with our local county & city for an access agreement. Once it was completed the property was rezoned as light industrial with airport access. After about two years we sold the home and were able to benefit from capitol gains as we had made this our primary residence. I then sold my 2.5 acres for $840K - not a bad return!
The purpose of all of this is to say... don't forget to look at opportunities of properties around airports for large returns. Even in a down market, a property that gets converted into airport use carries a totally different price tag from those that don't.
In our new database for Aviation Property on AviationAcres.com (Due out in the next couple of weeks) we have a field for "Airport Access" (Yes / No) - that's because if you have a property that borders an airport, but doesn't have airport access, their may be investors that are interested and we would love to know about it.
The photo above I took above is Sandpoint Idaho (with plane added for effect), I'm an Owner / Agent of Century 21 RiverStone in Sandpoint, Idaho.
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