U.S. News & World Report

Investors looking for creative ways to maximize returns in a competitive, hot-selling real estate market may be interested in buying vacant land, which has the potential to create outsized returns when held or improved.

“A client of mine purchased a downtown Atlanta vacant lot in 2012 for $1,500 and was recently offered $80,000 cash and decided to hold out for more," says Bruce Allen, a real estate agent and attorney for Re/MAX Town and Country in Atlanta.

But experts say the asset class is unique and requires utmost caution and diligence. Unpredictable market trends over the long-term with few opportunities to earn income from vacant land make investing risky if not done right.

Experts offer the following advice before investing in vacant land. Click here to read the full article.