Real Estate Investors often hear of land banks, but most do not know what they are and how to connect with them as an investment opportunity. Many are associated with lien abatement strategies for nuisance properties. A land bank is a public or nonprofit entity created to acquire, manage, and repurpose vacant, abandoned, or underutilized properties. These properties often have been foreclosed on, are tax-delinquent, or have no clear ownership. Land banks aim to return these properties to productive use, whether for affordable housing, commercial development, community projects, or green space. How a Land Bank Works Acquisition: Land banks acquire properties through tax foreclosure, donations, purchases, or transfers from local governments. Management: They clear liens, address code violations, and maintain properties to make them marketable.... Read more
Land Banks: What are they? How do they work? How can real estate investors utilize them?
January 17, 2025
Published by Nate Marshall
