Kathleen – I would close with a title company. I have purchased for up to $12K with just a notary but I now see the risk to closing on the sell side. It will cost you some money but it sure is easier with a title company close. Most will want to close with title insurance or they won’t do the deal. I just closed a sale with First American in CA…[Read more]

Britton – The time to realize that there is an HOA is when you prepare your mailing list and offer amount. If you get one accepted offer with an HOA then you can expect more of them. You mailed to subdivisions with HOAs. That’s OK and $100 is not a deal killer. Now you know to check HOA back fees and back taxes. If money is owed you can put them…[Read more]

Britton – Generally it doesn’t matter what YOU like. Buy it low and sell it for the right price quickly. Somebody wants that thing. My gut reaction to triangular lots is the same as yours “Who would want this?” You can use the shape as a negotiating tool to lower your offer. When you buy something odd at a low enough price you will discover that…[Read more]

Kathleen – If you research that low priced property I bet that you will find out why it is priced that way. I would look at Flood Plain or Zoning issues to find out what the deal is. Or you can call the realtor and ask “what’s wrong with this property?”

I would not adjust my offer price for one low property on the market. I assume that it is an…[Read more]

Kathleen – First I will assume that you are just starting to get offers from that mailer. Wait. They will get better. Many times I have found that some of the first responders will want to haggle. I tell them “That’s the best I can do at this time”. Half of them say OK. The other half go to the bottom of the stack. If someone calls me on a…[Read more]

Kathleen – Yay! Congrats on the contract on Crazy Acres! I love the seriously crazy letters too. The ones that are hand written and multiple pages are the best. Carry on with the letter mailing scam Kathleen.

Michael – I am not an attorney, not even close. If the estate is still open she may be able to sell the property out of the estate. Be careful with this one. It is easy to make a mistake that you discover only after you have paid for the property. If the estate has been closed then she can not sell it to you unless the deed is in her name.

No…[Read more]

Chris & Andrea – Yeah, this is confusing but the language is common on deeds. I want to add to what Chuck said – never put the actual amount paid for the property on the deed.

Hi Kirk – You are well on your way if you have been soaking up the podcasts. Now just read every post on this forum and you are ready! Get the training package and I can tell you that you will get all of your money back very quickly.

For those numbers I would do the survey before purchase. When it all checks out you can use that fresh survey as an attribute. If it doesn’t check out you lose the $4500 on the survey but not the whole $14562. Shop around for the survey and see if you get a better price. Let us know how you do with this one.

Curt – I did my first couple of mailers using the business cell phone that I set up for this purpose. When I got more volume I began using an answering service. They provided a toll free number as part of the deal. If I leave them, I can take that number with me for a fee – approx $50 if I remember correctly. After using the answering service I…[Read more]

My first question would be “Will the county accept a video notary?” I had a seller in Canada. I had to wait for him to travel to the US to get a notary. In Canada I would have to hire an attorney for several hundred dollars to notarize his signature. Not the same as in the US. Let us know if you use the video notary and how it turns out for you.

Landrov – Welcome to the landInvestors.com forum! 1000 records per search is the default setting in RQPro. Click on My Preferences tab at the top then go down to Select Your Map, Custom And Foreclosure Search Options: and bump it up to 10,000. You can go as high as 25,000.

Tim – I usually set if for 3 months from the estimated mail date.

Tim and Annette – Welcome!

Kathleen – That is a bumme. Whenever I have gotten some really bad news about a property I disclose that to all prospective buyers immediately. I revise my advertisements too. Too bad that this jerk has probably ruined some sales for you. I would continue to advertise as a great deal with grouchy neighbor, etc.

When I was selling land in the…[Read more]

Hi John – Welcome to the LandInvestors Forum. I can’t advise you on Tax delinquent information but many people are dealing in land in the SE United States. Most of us here send mail to all property owners using data from RealQuest Pro or TitlePro 247. Those sites provide good county data from most of the counties in the US. If you try to buy only…[Read more]

Marcus – I would call them on the phone. Be honest and tell them that you are an investor who is thinking about buying land in the area. Ask questions. Most will be happy to chat. Some will even have useful information. Try to find the realtors who are listing land for sale. You are not wasting their time. You are developing a relationship that…[Read more]

You can write up a non-disclosure agreement that states that you will not disclose the purchase amount and have both buyer and seller sign it. It is like a contract between you and the buyer. Keep it private. He just wants some assurance that you won’t post the sales price somewhere. A bit silly.

No, you don’t disclose the sales price on a CA…[Read more]

Gerald – If you are referring to the MKT value under VALUATION AND TAXES, then I would say don’t use that data. That is the Assessor value assigned to the property and will have very little to do with market value or comps.

Go look at what is currently for sale in the county you are interested in at Landwatch, Landpin, Redfin, LandandFarm, etc.…[Read more]