Mike – that has happened to me and you are spot on – one good deal will pay for the whole effort. Try not to lose sleep over your mailers everyone.

Greg – I am not an expert but I can say that most of the people that I know who are doing this land business have one LLC. Pick the state and create your LLC. I started out as many of us do by purchasing the first few properties in my own name. As I gained momentum I created the LLC for the business. I think your case is a little different and You…[Read more]

Kathleen – That is a tough problem. In some counties there are subdivisions that you might sort and look up listing price or sold data by subdivision in RedFin, etc. Usually I will take a county wide average price per acre. If there is too much variation I will try pricing by zip code. You can enter the zip code in Redfin (if available) or in…[Read more]

Hey Ron – Excellent point. When I look at data from a new county I bump that value up and keeping bumping it up until the number of records stops increasing. That point is my highest value point. Then I reset the value at 20% of the highest value point.

Jordan – lets us know if you have any success with your data on this county.

Britton – I would leave them in the mailer. I have purchased from both title companies and banks.

Jordan – Sounds like you are doing it right. I suggest putting in 1 acre to 40 acres and see what you get. I may be that the county you are in does not allow splits smaller than 20 or 10 acres. If you get a big number of records for a wide range of acreage, then go back and try 10, 20, 30, etc and figure out what kind of land is available in that…[Read more]

John P – Nope. If you are selling rural vacant land nobody is driving by. As you say, it may be convenient for your buyer but you would have to pay someone to go out and put the sign on the property. And you would have to trust that they put it in the right place. They might not get it right. Use GPS coordinates.

Brandon – Purchase price and selling price are both based on the market. You have to purchase at a price that will allow you to at least double or triple your money when selling well below the market. You should buy with the idea that you know what price you can sell it for very quickly. Very cheap land you shoot for about 50% of lowest market…[Read more]

Ron – Not sure but in Oklahoma they refer to Tax Auctions as Tax Resale and they are buyer beware sales with no warranties on the title. I would suggest that you do some research in the county/state where this property is deeded and go from there. In some states liens can follow the property after the tax sale and you need to know what you are…[Read more]

Milan – This is the same thing that I do with my Terms deals.

Great Getaway Property. Unobstructed views. No neighbors for miles (usually). No restrictions except county restrictions. Off Grid and Tiny Home property.

These sell pretty well.

Assessed value will be unreliable in almost every county. Here’s why – Let’s say that the assessor does a consistent job of picking a value that is some fraction of market value. Not all properties are assessed at the same time. Some of the assessments may be older, therefore they don’t represent the value as you might expect. There are too many…[Read more]

Tom – As Chuck said, you want 40 or even 30 DOM. But Jack mentioned that in some markets those targets can be changed.

Marcus – I don’t think there is a limit. Since they are paid per record it would not be in the interest of Real Quest to put a cap on it. I pulled 20655 records in November.

Jacob – Yes it works. Follow the program exactly at first. You will have to work and take some risks. If you are extremely anxious about the cost of the program and getting started, this may not be the right thing for you. All real estate investment involves risk and hard work. No easy money here. I can tell you that on my first mailer I made back…[Read more]

Yes it matters. For starters, I suggest that you search for rural counties with lots of 5 acre properties that you can make offers on. Also, you want them to be cheap so you can afford to purchase 10 or 20 of them. Properties in your area will be pretty expensive and you will have trouble finding enough of them to put together a mailer with over…[Read more]

You are looking for the situation where they have it, don’t want it, and your letter arrives. Bingo! Problem solved.

Scott – This comes up a lot. You may have to file a Affidavit of Death with the deed. It depends on the county. Sometimes you can call the county, explain the situation and they will tell you what they need. Often, they just say you need an attorney (not true).

Now, when I get these I don’t mess with them. I tell the seller to get the deed in…[Read more]