If you're looking to get into the real estate game, investing in undeveloped land is a great way to start. It's much cheaper than developed land and could have massive potential for growth - but there are still key steps that need to be taken before taking the plunge! Here are thirteen things every savvy investor should consider first.

1. Establish a clear goal.

Before starting any investment venture, it's important to have a clear understanding of what you're trying to achieve with your purchase. Are you looking for passive income through renting out or leasing the land? Are you looking to build a home or other structures on the property? Or, are you simply looking for appreciation in value over time? Having a clear goal will help you narrow down your potential properties and ensure that you're making an investment that aligns with your long-term goals.

2. Research zoning regulations.

When investing in undeveloped land, it's important to understand the local zoning regulations that apply. Some areas may require a certain amount of acreage, while others may have restrictions on what type of structures can be built or used on the land. It’s also important to consider future changes in zoning laws; if something is planned for construction nearby, it could potentially affect your investment.

3. Consider potential return on investment (ROI).

When evaluating potential properties, it's important to consider the return on investment for each property. Different land types may have different ROIs based on their location, zoning regulations, and other factors. Knowing your expected ROI will help you make a more informed decision when investing in undeveloped land.

4. Obtain professional advice.

Investing in undeveloped land can be complicated, so it's important to seek professional advice from an experienced real estate agent or attorney. They can help you better understand the local and state regulations that apply, as well as provide insight on potential ROI for various properties.

5. Study the market trends for undeveloped land.

It's important to understand the current market trends for undeveloped land investments in your area. Prices can vary greatly based on location and other factors, so studying and keeping up with the local market will help you make an informed decision on when and where to invest.

6. Evaluate the potential risks of undeveloped land investing.

Investing in undeveloped land can be risky, and it's important to understand what those risks are before investing. Risks may include environmental hazards such as flooding or soil contamination, or zoning restrictions that limit future development. It’s important to do your due diligence when researching potential properties in order to mitigate any potential risks.

7. Analyze the long-term benefits.

When investing in undeveloped land, it's important to consider the long-term benefits of your purchase. Will you be able to develop and build upon the property? Are there any tax incentives available for developing the property? Answering these questions will help you understand the potential long-term benefits of your investment.

8. Consider other financing options.

Raw land investments can be expensive, so it's important to explore all of your financing options. Some investors opt for traditional bank loans or private lenders, while others may consider tax lien certificates or seller financing. It's essential to understand all of the available financing options and choose the one that best meets your needs.

9. Develop an exit strategy.

Before investing in undeveloped land, it's important to develop an exit strategy for when you want to sell or transfer the property. You'll want to consider factors such as market conditions, potential buyers, and your overall goals for selling the property. Knowing how and when you'll be able to exit your investment will help ensure that you're making a smart decision.

10. Monitor the local market and laws regularly.

Investing in undeveloped land is a long-term investment, so it’s important to stay up-to-date on any changes or regulations that may affect your property. This could include zoning restrictions, new development projects, or other changes in the local market that could affect the value of your investment. Staying informed will help you maximize the ROI for your undeveloped land investment.

11. Take advantage of resources and networking.

There are many available resources to help investors learn more about undeveloped land investing, from online blogs and forums to local real estate associations and networking events. Taking advantage of these resources can help you stay informed about the latest trends and information in the undeveloped land investment market.

12. Work with experienced professionals.

Investing in undeveloped land is a complicated process, so it's important to work with experienced professionals throughout the process. This includes real estate agents, lawyers, appraisers and other experts who can provide valuable guidance and advice. Working with experienced professionals will help ensure that your investment is successful in the long run.

13. Invest for the right reasons.

Ultimately, it's important to invest in undeveloped land for the right reasons. Consider why you're making this investment and what you hope to achieve by doing so. Setting realistic expectations and understanding your motivations will help ensure that you make smart decisions about your undeveloped land investment.

These are the steps to consider when investing in undeveloped land. Taking the time to understand each step and being prepared with a comprehensive plan will help ensure that you make the best possible decision for your investment. With patience, research and guidance from experienced professionals, you can be confident that your un