My two year old and I practice “Red means STOP, Green means GO!” in the car all the time.(shane)
We like to keep things simple and easy for my simple mind to understand. We are trying to get a system down for our first and future mailers that make research in counties as easy as Jack describes in the LA 2.0 series.
Here is what we know from Jack and Jill
Shopping Land – Bullet Points (Open to input if you disagree)
1) Geography Test – Look at Census Information / County Maps
Target areas that are ‘More Green’ / Less Populated
2) Tax Test – Look at Tax Sale Lists )TaxSaleLists.com)
Find out how many tax-defaulted properties in the county that passes Step 1
More properties = Better. But ensure, that county is not densely populated.
3) Value Test – Find out how much the property is worth @ LandWatch / Others
Filter by County – Sort by Low to High – Filter by Acreage
Search for the properties & price based on the yield you are looking for.
Land Academy Results:
1-5% of all mail sent results in a purchase
Up to 25% by sending only back-tax mailers.
SO…. In your data spreadsheet, less populated=more green. More back taxes=more green. and (little help here please) the more properties that meet your desired land search for say 4-6 acres in a county= more green?
QUESTION, Has 2015 LA 1.0 Grown into a newer, better, faster, easier way to shop land? My lil experience is telling me, Rural doesn’t have to be AS rural anymore, just raise your offer % as you get closer to the big city, and back taxes are only a 5 on the 10 scale of importance when sending mail (thanks Jack) but make DARN sure when your buying, and Pricing to be honest is harder than expected to tell where LA members end and the actual going rate from realtors and such begin.
I’ll admit I’m Green at land Academy (new member) and I know the power of this group is greater than anything Chris and I could come up with so let’s talk about how y’all might turn your research data into a stop light..
I’d also love to hear about any other R,Y,G style data organizing that can help getting quality mailers out like a machine! Thanks in advance.
Ready? Green means GO!
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