#37: Over the past year, I've become a lot more interested in finding legitimate ways to generate sources of truly passive income from vacant land.

(Show Notes: https://REtipster.com/37)

Now, to the average real estate investor, the words "cash flow" and "vacant land" do NOT go together, but if you know where to look and how to find these kinds of properties, there are actually a ton of opportunities out there.

There are actually a lot of ways to do it, and one such way is to invest in own land that is leased out to the owner of a wind farm development.

Essentially, the landowner can earn revenue from the lease (which typically lasts for 35 years or longer) and through a small percentage of the royalties from the energy that is generated and sent into the power grid.

Depending on the size of the wind farm project, it's not uncommon for these leases and royalties to produce anywhere from $20,000 - $50,000 for the landowner. And the landowner doesn't have to do anything. They simply own the dirt and collect the money each year.

Sounds pretty simple, right?

Well, there's A LOT more to the story, and in this episode - I talk with Tao Kong (COO of Alcen Renewable) and we uncover a lot of the details behind how wind energy leases work, what kinds of properties make the most sense for this type of development, what markets make the most sense to start looking in (and which ones to avoid), and a lot more.

This was one of the most interesting conversations I've had in a long time, and if you have any interest in passive income, land investing or renewable energy, I think you'll enjoy it too.

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