Latest Activity
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Milan started the topic You can make minimum 25K acquisitions, what do you buy? in the forum **Ask A Question** 6 hours, 51 minutes ago
Let’s say you have 100K and you can make only 25K acquisitions. That gives you 4 shots.
What type of land do you buy? What are the comps and what do you sell it for?
Is it the classic buy for 25K, comps 100K, sell for 50K?
Or would you do different numbers?
Steve? Jill? Others?
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Milan started the topic Question for Steve and Jill in the forum **Ask A Question** 7 hours, 47 minutes ago
Ok if no one is asking questions, I’ll keep asking.
Questions for Steve and Jill.
Jill you’re a mountain land kind of girl. What land or lands did you keep and didn’t sell from your past aquisitions and why? Tell us little about them.
Steve you’re the little house in the prairie land kind of guy. Which land or lands did you keep from your lo…[Read more]
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Milan started the topic Operating as non LLC with high umbrella policy insurance in the forum **Ask A Question** 16 hours, 7 minutes ago
I don’t know much about this at all. But my simple brain tells me that my umbrella policy won’t insure the LLC business.
But if I own the land in my name and I get sued, will umbrella policy kick in? Anybody has experience or knowledge about this?
I operate exactly like this. All land flips are in my name and I have high umbrella pol…[Read more]
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Milan replied to the topic Insurance Required For Land in the forum **Ask A Question** 16 hours, 26 minutes ago
I don’t operate as LLC and I purchased umbrella policy for 2 million from AAA provider for $250 per year.
Will this cover me if something happens? I don’t really know. But it’s cheap so why not?
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Jeff Unruh replied to the topic Insurance Required For Land in the forum **Ask A Question** 20 hours, 44 minutes ago
Thank you all for the responses!
Jeff Unruh
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Luke Smith replied to the topic Insurance Required For Land in the forum **Ask A Question** 1 day, 4 hours ago
I shopped some umbrella policies. They want me to tell them the land ahead of time or charge more for a rolling inventory. Update them on the holdings along the way. Seemed like a great idea but hard to take to the bank in practice.
If you keep investments to riskable sums then llc’s and other entities can be a more effective ring fence of…[Read more]
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Luke Smith replied to the topic Forecasting: Days on Market in the forum **Pro-Only Members – Ask A Question** 1 day, 4 hours ago
The laws can even change on you in the mean time like one county just did to me. Yes split to not really splittable any more.
It’s good to plan just leave lots of room for error.
I’m learning to look at days on market at what price for what you get a lot more than I ever noticed before.
Also how many units are you buying in one area? You…[Read more]
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Nathan Gregory replied to the topic Forecasting: Days on Market in the forum **Pro-Only Members – Ask A Question** 1 day, 10 hours ago
I’ve done about a dozen deals, the quickest sold in 1 day, and my longest was 12 months. Really hard to forecast as raw land isn’t a very liquid market and market dynamics in a particular county can change when you are investing there.
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Kevin Farrell replied to the topic Insurance Required For Land in the forum **Ask A Question** 1 day, 12 hours ago
Jeff – Some carry insurance others do not. I do not carry any insurance on any of my land investment properties. You will have to assess your own risk tolerance.
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Jeff Unruh started the topic Insurance Required For Land in the forum **Ask A Question** 1 day, 14 hours ago
I understand that an LLC will protect our personal financials (I believe), but my question is if someone has seller financing with you or someone illegally is on your property and they get hurt, how do you protect yourself from being sued?
Do people carry a policy for each property or do they carry one massive policy?
Thank you for your…[Read more]