Mike replied to the topic Share your favorite EXCEL Macros, hacks, shortcuts! in the forum **Pro-Only Members – Ask A Question** 1 day, 18 hours ago
I have a handful of macros I use to scrub the data.
1) Remove duplicates. I remove duplicates by name and also by mailing address.
2) Calc offers. Based on the county I’m looking at, I try to frame my offers by size and sometimes by town (depending on the county).
So when I do my research, I come up with a grid:
These are the low end retail…[Read more]
Mike replied to the topic Real Quest Pro new interface released – No Improved % filter of 0 to 0 allowed! in the forum **Pro-Only Members – Ask A Question** 4 months ago
I haven’t done a ton of counties but of the 20+ or so I’ve pulled, I don’t think many of them have land use that you can rely on. i.e. Vacant land is rarely used to specify vacant land only. If you do, you’ll leave out a ton of records. Most of the times, I see things like Residential or other stuff where it basically covers everything under the…[Read more]
Mike started the topic Real Quest Pro new interface released – No Improved % filter of 0 to 0 allowed! in the forum **Pro-Only Members – Ask A Question** 4 months ago
I have been doing data pulls last week and this week and today they popped up the new
interface for real quest pro on me. It was similar enough that it wasn’t a big deal
but then I tried pulling records and now there is a HUGE problem.
I was unable to get any records for any counties (even the ones I did last week) when setting the filter…[Read more]
Mike replied to the topic easement on the deed for a 140 acre land locked property in OR in the forum **Pro-Only Members – Ask A Question** 4 months ago
I just ran into a similar issue myself and got some help from some fellow la members.
You can pay a title company to do a preliminary search specifically to determine if there is legal
access to the property and, if so, to have it identified.
Given the size of the purchase, I’m assuming you’re going thru title. Interestingly enough, the…[Read more]
Another way to do it is to partner with someone that does some things better than you do and that you do some things better than they do. Or maybe its more that they enjoy doing certain parts of this business that you don’t and you enjoy doing certain parts that they don’t. Then you both put up the money and split the profits 50/50.
A perfect…[Read more]
If the county is telling you the taxes have been redeemed and are now up to date, you’re good to go.
I wouldn’t even bother asking the seller for a receipt. The county wouldn’t like.
What would the back taxes actually be anyway if he hasn’t paid? Typically, the vacant land stuff
is like $100 or less.
I’d definitely move forward especially if…[Read more]
The beauty of it though is that even if you make a mistake, sometimes all it takes is one good deal and you can try again.
A few months back I sent out a 1700 mailer to big acreage stuff. Priced too low. Didn’t get a single acceptance thru my deadline. Then about a month later, somebody contacted me and took my offer. Bought for 7800, title…[Read more]
I disagree. I think there are some counties that you can definitely use assessed values on. And in fact, I would suggest they’re even better than doing it by hand against landwatch and the like. For me, I can do comps from landwatch at county and then city level. But thats about it. Trying to do comps at the APN level is a nightmare. But some…[Read more]
Mike replied to the topic Do you price your land based off of what you paid or the market? in the forum **Pro-Only Members – Ask A Question** 4 months, 1 week ago
Here’s where I think that doubling your money comes into play.
No matter how you cut it, the market is going to determine what you sell it for.
If the market has a bunch of 5 acre lots selling for 3k to 6k, you do not want to come in and try to
sell your lot for 7k.
But lets say you buy that lot for 800. You could sell it for 2,500 and still be…[Read more]
I don’t know hes asking for description advice here. Paid ads require some parameters be configured to help the ad show up on the right person’s facebook. I’m not that familiar with the targeted ads either. But I would guess something like the geography of the user (i.e within 120 miles of Belen), interests of maybe camping, hunting, RV owners…[Read more]
Here’s how you can tell if your filtering criteria is the problem.
1) Remove the assessed value parameter. You don’t need to block that out at all.
2) Don’t set anything for Land use as you want to see how many lots you actually are returning.
Your filter should be vacant land (i.e. improved % = 0) AND the lot acreage size of 4.5 to 6.
That will…[Read more]
When I pull records in landwatch for a certain county to get a sense of pricing, I also look at the individual towns as they let you filter by town. Sometimes, there are certain towns in acounty where the pricing is significantly different. And then I price accordingly. i.e. Sometimes I see where town 1 has prices for 4 to 6 acres of 3k/acre and…[Read more]
Mike replied to the topic Can you separate a parcel wrapped into a home mortgage? in the forum **Pro-Only Members – Ask A Question** 5 months ago
I see this in blanket loans with sfh’s. Typically, the bank will allow the seller to sell an asset (either house or other lot) out of the loan. When the seller got the loan, the bank hopefully allocated a portion of the loan towards the value of the separate lot. When the seller goes to sell the lot, the bank will require a certain portion of…[Read more]
Why would you not resend corrected offers to those people? Ultimately, if you picked a county and specific property type and thats all there were, I would correct it and resend. You obviously spent some time identifying a certain area and niche and believed there were some good deals to be had there.
The significant bump up in your offer may be a…[Read more]
So the 30 acres isn’t good for much of anything but maybe hiking? What kind of margin are you looking at for the 30 acres? One thing you could do is low ball the house at say 10k, and then when you buy it, add an easement on the house lot to get to the 30 acres. Then sell the house for say 5k and be done with it.
Now you’re 30 acre parcel would…[Read more]
Mike started the topic Attributes are how critical? And is anybody else but me struggling here? in the forum **Pro-Only Members – Ask A Question** 1 year, 10 months ago
This is a two parter. Is anybody else struggling with this but me?
Feels like I’m the only one that this thing doesn’t work for at all.
And, a quick question on attribrutes.
To start. I’m more than a bit discouraged with this land investing thing quite honestly.
First mailer in wisconsin busted.
Did a consulting call and sent out mailer 2 to…[Read more]
Mike replied to the topic Risks Associated With Letting People Build on Owner Financed Properties in the forum **Pro-Only Members – Ask A Question** 1 year, 10 months ago
I’m not an attorney either. But here is what I “think” (key word is think). 🙂
1) There is a big difference in categorizing improvements from clearing brush versus building a home.
Clearing brush is not an “improvement” that would likely be covered by your contract anyway.
Improvements are typically thought of as building/adding something…[Read more]
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