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Kevin Farrell

Kevin Farrell

@rotortech

Active 1 month ago
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  • Kevin Farrell replied to the topic PacelFact -can't find a parcel in the forum +Resources for Success+ 1 month ago

    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.

  • Kevin Farrell replied to the topic Can I buy a property with a tax debt and pay the owed taxes afterwards ? in the forum **Ask A Question** 1 month ago

    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]

  • Kevin Farrell replied to the topic Can I buy a property with a tax debt and pay the owed taxes afterwards ? in the forum **Ask A Question** 1 month ago

    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]

  • Kevin Farrell replied to the topic Filtering for absentee owners, owner occupied, etc. on DataTree in the forum **Ask A Question** 2 months ago

    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.

  • Kevin Farrell replied to the topic Multi Family Zoned Parcel in the forum **Pro-Only Members – Ask A Question** 2 months ago

    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.

  • Kevin Farrell replied to the topic Angry neighbor just killed my sale! in the forum **Pro-Only Members – Ask A Question** 2 months ago

    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]

  • Kevin Farrell replied to the topic Mail in State and in County in the forum **Ask A Question** 3 months ago

    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.

  • Kevin Farrell replied to the topic Mail in State and in County in the forum **Ask A Question** 3 months ago

    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.

  • Kevin Farrell replied to the topic When selling with a realtor, can they use your PA? in the forum **Ask A Question** 3 months ago

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

  • Kevin Farrell replied to the topic Can you still use a Self-Directed IRA to invest in Real Estate? in the forum **Pro-Only Members – Ask A Question** 3 months ago

    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]

  • Kevin Farrell replied to the topic Large Acreage Next To A Small Truck Stop in the forum **Pro-Only Members – Ask A Question** 3 months ago

    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]

  • Kevin Farrell replied to the topic Large Acreage Next To A Small Truck Stop in the forum **Pro-Only Members – Ask A Question** 3 months ago

    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.

  • Kevin Farrell replied to the topic Hello from Montgomery County, Maryland! in the forum *New Member Introductions* 5 months ago

    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.

  • Kevin Farrell replied to the topic seller is a corp entity? in the forum **Ask A Question** 5 months ago

    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.

  • Kevin Farrell replied to the topic seller is a corp entity? in the forum **Ask A Question** 5 months ago

    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]

  • Kevin Farrell replied to the topic When one of the parties on the deed has died in the forum **Ask A Question** 5 months ago

    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.

  • Kevin Farrell replied to the topic Scheduled call — no show in the forum **Ask A Question** 5 months ago

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

  • Kevin Farrell replied to the topic Solving the problem of transfering the money when self closing the transaction in the forum **Ask A Question** 5 months ago

    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]

  • Kevin Farrell replied to the topic Hello from Washington in the forum *New Member Introductions* 5 months ago

    Hello Aaron – Welcome to the Land Investors Forum. There is a lot of information here and on the podcasts that Steve and Jill do. I suggest that you consider joining Land Academy for the training and tools that are available to us. Good luck.

  • Kevin Farrell replied to the topic step by step layout to completing a transaction after the purchase agreement in the forum +Resources for Success+ 5 months ago

    Matthew – You have posted several important questions and you need to know so much detail that I don’t know where to begin. I read all of your posts so I know that you have been getting information from podcasts and that is all good. You would do much better to join Land Academy and get the training to fill in all the gaps that you are asking…[Read more]

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