Mike – I just sell it as-is and disclose that there is an old structure on the property. I have never had one cleaned up prior to sale.

Andy – There will be big value difference. You need to find a comp that is just like your property = No utilities. My guess is that $32K is about market value for that property.

Chris – Maybe you should log off and then log on. Then try rebooting the computer. The best way I can get PF to work for me is to only open it up in a private window in Firefox. That may just be my arrangement here.

John – No, usually the previous owner never redeems the property. An investor buys the property at the Sheriff’s Auction and that begins the redemption period. This can be 3 to 5 years depending on the county. During that redemption period, the investor tries to sell the property. Any buyer is at risk of the property being redeemed by the original…[Read more]

John – you need to read up on buying Tax Sale Properties. In most states there is a redemption period where the previous owner can come back and purchase the property for the cost of back taxes and penalties that were accrued. The only time I have purchased these properties was when they were past the redemption period with no risk of a previous…[Read more]

Andy – Counties don’t all use these categories in the same way. Some do on record % improvement at all. You must experiment with each county to find out what works to give you the most vacant parcels. Usually, counties within the same state will handle their data in a similar manner. This gets easier after you have done it a few times.

Vic – I would need to get a RE Agent the is familiar with the market to begin evaluating this deal. I would certainly plan on selling with a knowledgeable broker.

Thomas – This can happen but usually in lower priced areas. In a case like this I let people know that the neighbor is unfriendly. That will scare some people off and others won’t care. I had a piece of property where people with guns were meeting potential buyers and scaring them off. After that I made sure that I told anyone that called me about…[Read more]

Heck yes I mail to owners who live in the same county. I get more than half of my deals from local owners. Some live right next door to the vacant land.

Blake – All properties are in some county or other. Maybe you mean inside your home county vs outside your home county? Not sure. You should try to send mail to any area that has vacant land in your price range. Good luck.

Sarah – you buy it on your PA. If selling with a realtor they will use their PA form. Just let them do their thing.

Case – I have a Self Directed IRA (SDIRA). I had my attorney set it up. You can do it without an attorney but I didn’t want to become the SDIRA expert so I paid him. My custodian is Pacific Premier Trust. We created an LLC under the SDIRA. The LLC has a checking account. I get funds transferred to the checking account from the IRA and, as the…[Read more]

Vic – try to pick someone that has good advertisement for land and who seems to be professional – good descriptions, good photos, maps, etc. Call them up and tell them that you are thinking of buying some land but not sure if it is priced right. Let them take a look at it and tell you what the value is. If asked, I would tell them that am an…[Read more]

Vic – Probably a good deal here. I would want to get the opinion of a knowledgeable real estate agent. This may be ok for a home site or for more commercial use.

Hello Marcus. Welcome to the Land Investors Forum. There is a lot of information buried here. Ask questions and use the search feature. Good Luck.

Bryan – you should be able to look them up in the state where the corporation was formed. See if the status is active. See who the officer(s) are and make sure you are dealing with the right person. If you don’t know what state they are incorporated in – ask the seller.

Bryan – you should verify that you are dealing with 1. A valid business entity whose current status is “Active”. You should be able to look them up at the state of incorporation web site. 2. A person who is authorized to buy/sell property owned by the Corporation.

Edit the signature line like this:

Seller: ______________________________…[Read more]

Bryan – if the deed says Joint Trust with Right of Survivorsh(JTWROS), then the surviving spouse can sell it. Otherwise you may need to have the seller get the deed in their name. Usually not worth it on small deals.

Aaron – thanks for letting us know that it worked out. Best of luck to you.

John – Never heard of a traveling notary who would not deliver the check when getting the deed signed/notarized by the seller. I have done over 100 self close deals like this. Never had this happen. Do you use 123notary.com?

And, yes, I recommend that you only use title companies for deals that you buy for $7000 or more. And, yes, it takes a lot…[Read more]