Maurice – Keep them all. I have purchased land from all of those entities.

Hello DeWayne – Welcome to the Land Investors forum. Keep moving forward with your land business.

Michael – You could go to a Board of Realtor website in the state where the property is located and try to download one of their contracts. Some have specific contracts for land. Or, just get a realtor involved with the purchase (and future sale) have them write it up and present to the seller. This is not a deal to pinch pennys on. Personally, I…[Read more]

Rick – Welcome and good luck. Take your time with the training and revisit the parts that aren’t clear to you.

Vic – $10 consideration is legal jargon that is common on contracts and deeds to show that something of value was exchanged for the land. Google it find out more. Some states/counties require the purchase amount to appear on the deed. Most do not.

Hi Anthony – welcome to the world of land investing. All you need is an address, a phone, and a computer. The letter will look the same as the LLC letter. You can pick out a website domain name and get a simple landing page set up easily.

JoAnn – that website has been gone for a long time. That is one of the few things in the original training that is obsolete. I have never used that list or any other substitute for it. Follow the training in Cash Flow From Land (CFFL) and you will know everything you need to know to do this business. Good luck.

Attorneys go after money. You are not a big target and you haven’t done anything immoral, unethical or illegal. There are people who don’t much about law except to say “My attorney is going to call you.” To which I say, sure – use my phone number or email. No attorney ever calls because the angry seller is not going to pay him $250 per hour to…[Read more]

I would ignore this.

Nick – I use a realtor when there is enough profit in the deal. I let the agent do all of the marketing. I usually do this when I am listing the property for $40K or more. But it is really about profit margin.

On many of our deals if the owner gets a letter and then goes to a realtor for help, the realtor will advise them to list the property…[Read more]

Vic – Just give the contact info for the Trustee/seller to the title company and let them handle it from there. They will ask the seller for proof that they are actually the trustee and authorized to sell real property. You don’t have to do anything but provide a signed PA. Good luck.

Andy – When you do an assignment you don’t sell the property (which you don’t own), you sell the contract. The option is a little bit different but you have equitable title meaning that the seller has agreed to accept the offer that you are able to get for then purchase. You need a different attorney if yours could not explain this to you. You…[Read more]

Lee – You already said you were overpriced. Verified with the price the realtor listed at. Therefore, no I would not do this deal. You can’t make any profit on this deal. Decline and walk away.

Austin – You are not wrong but you may be thinking too much. No haight – all offers too high. All haight and no deals – all offers too low. You need to be in the middle somewhere and that is not too hard to hit if you get realistic comps and offer 25%.

Shannon – you can self close with multiple properties on one deed. You will need to make sure there are three distinct legal descriptions on the deed. These can be sold together or separately later on.

Hi Michael – You have good background for this business that should get you going quickly. Good luck!

Kyle – it is like any other piece of land. Find a valid comp. Purchase for about 25% of that value. Sell for about 50 to 60% of comp and a buyer will snatch it. I have had no trouble selling land up to 160 acres this way. If you can’t find comps you better call a broker who knows land prices in that area. Good luck.

Greg – Good case study and thanks for the follow up. Doubled your money on the cash sale – not a bad day in the end. Good for you.

Greg – sell to one of the neighbors who already has a key. I would send those letters out asap. If that doesn’t get some interest, then I would get a realtor to show the property. Let us know how this goes for you.