Investing in land is growing in popularity among the ultra-wealthy, who see it as a way to make money with low risk. Bill Gates, for example, has amassed more than 269,000 acres of farmland in just a few years.

Selling land fast is easier than you might think. The first step is finding a qualified cash buyer. These companies are experienced and know how to close quickly, without the need for inspections and appraisals. They can also pay a higher price for land than retail buyers, which makes them ideal for sellers who need to sell their property fast.

To find the right buyer for your land Quick Pay Land Buyers in U.S., it’s important to do some homework. Check the buyer’s business reputation and past transactions. You should also ask for references from people who have sold to them in the past. If you’re unsure whether a buyer is reputable, you can contact the Better Business Bureau or search transaction records on public record-keeping sites like idxrecords.

Buying land for cash is a popular option with many real estate investors, but it’s not the only option. If you have a good credit score and debt-to-income ratio, you can qualify for a conventional mortgage to buy land. Credit reporting agency Experian recommends a minimum credit score of 600 to 700 and a debt-to-income ratio no higher than 43 percent.

While purchasing land with a loan is less complicated than taking title in cash, it requires a significant down payment, usually 20 to 25 percent. If you’re buying a raw piece of land, or land that hasn’t yet had utilities installed, the down payment will be even greater. It’s essential to do your research before making a commitment to purchase a piece of land, as some lenders charge high interest rates and short repayment terms.

Another common way to purchase land is to take out a wrap around land contract. This financing arrangement allows the seller to retain legal title and transfer equitable title to the buyer in exchange for installment payments. Once the seller’s existing debt has been paid off, the buyer can take full ownership of the property.

If you’re considering a mortgage or wraparound land contract, it’s wise to consult with an attorney. This will help ensure that you’re working with an honest and reputable company that will honor its promises. When comparing offers, look for hidden fees that inflate the net sale price you’ll receive. Also be wary of any firm that uses high-pressure sales tactics and doesn’t provide transparent disclosures or client references.