I’ve used Simplifile for awhile now and it’s been great.

Cool stuff Kevin!

I’ve had good success with Thumbtack also. Many have websites to show off their portfolios.

Hi Abhinav, It’s rare that contracts need to be recorded except in a few states, otherwise the answer is no, you will want to avoid recording with the county revealing the details of your terms. Do your homework especially in states such as Colorado, Texas and Florida as they have some very specific laws on how to handle installment sales. There…[Read more]

Green would anything less than about 45 but 30 DOM or less is ideal.

When you advertise on FB Groups, it’s best to tailor the “copy”/verbiage to be on a much more personal nature. Such as “I am selling my property in XXX for XXX”…. Keep it shorter and add only a few of your best photos. Don’t make it look like you’re a big time company. I’ve done very well with FB advertising but have had to wade through a lot…[Read more]

Just close it. Same as if you had a Purchase & Sale Agreement. I don’t use any written agreements other than the offer letter on most of my self-close transactions. Plus you already have the numbers and details on the Option.

Y/Y means “Year over Year” percentage increase or decrease in the indicator value shown. If the number is positive, say for example Y/Y = 2.5%, then there has been a 2.5% increase this year vs. what it was last year. Same for M/M being Month over Month percentage indicator value.

I also vouch for Scott Todd’s Accounting for Land Investors course. I use it in tandem with QuickBooks Online. It’s really clear and concise and makes it easy for my CPA at tax time. Nice input Micheal and Rod!

Bei, I would call the buyer to make sure that it is his or her ad, which it may not be. I’ve had scammers in the past copy my previous ads with associated photos, etc. and put their phone number on it and to try to get a down payment or re-sell to some other unsuspecting buyer. It is rare but I would check.

Otherwise my contact says that a sale…[Read more]

Depends on the state of your land purchase. As an example for the state of New Mexico and their Taxation and Revenue Department’s “TERMS OF THE PROPERTY TAX DIVISION PUBLIC AUCTION SALES”, states in line item #2 that only delinquent taxes, penalties and interest in the form of a lien against the property will be “extinguished”…but none other.…[Read more]

My favorite crazy response back from a seller was my offer letter back with a huge “NO” written across it and included a cut-out coupon for “ONE TACO BUCK” good for $1 at Taco Casa. I have that cherished response pinned on my whiteboard.

Seriously….if that guy is that torqued-off about a simple offer, I would call him back and say; “What was…[Read more]

Chris & Andrea, there was a good recent posting on this topic. See post 18541 found using the key word search above. Here’s the link:

Seller backed out because of $10 deed language

This should help! 🙂