Joseph – I have done this a few times and the answer is NO. You would be doing nothing unethical. The seller has a contract with the realtor. When that contract is finished, the seller may do whatever he wants to do. The realtor may try to interfere in some way – most professional ones will not.

Travis – it is OK to be nervous about dropping $30K on a property. We just have to look at the available information and make the best decision. Our offers should be low enough that if we miss something (it will happen) we can still get our purchase price out of the deal. Good luck on this one.

Travis – I think this looks good. I agree, neighbors have similar lots with large ravines but manage to build on the ridges.

Hi Shannon – She does not own the property. In order for her to sell to you she must get the deed in her name. I usually tell someone that they can get an attorney to open probate for them. I understand that this process can be very simple in CA but most other places it costs about $2000. She can not sell to you and you should walk away.

Toro – regarding the question #4 response. I reposted that one because the question of operating costs come up frequently on this forum. I have know LA members who are successful and have nothing more than a phone and a computer and a spiral notebook. There is no single correct answer for what the fixed costs per month will be for your business.…[Read more]

Toro – Better answer for question #4 from Greg Miller on Jan 21, 2021

From my personal experience, I would not start without at least 20k in the bank. I started with 20k and here’s why:
2k for the course, and some other start up costs are ok but the monthly costs are the killers:
$300/mo for land academy, $150/mo for land listing sites, phone, m…[Read more]

Toro – I will attempt to answer your questions. I am not an employee here. I volunteer as moderator on this forum. I also do some phone consultation based on my Land Academy training and 5 years as a land investor.

1. How many members are there currently in the Land Academy? Ask Jill or Steve.

2. What is the average yearly number of members…[Read more]

Sandy – Thanks for posting this info from USPS. I was not aware of any restrictions they have on content. Need to learn more about this.

Who says you have to send first class mail? That would be foolish. I use O2O at $0.55 per letter for two pages.

James – First Question – You need to determine the comp price for each small range of parcels like 2-3 acres, 4-6 acres etc all the way up to 20 acres. Then sort your data by acreage from low to high and put in your offer amount for each range.

Second Question – Walk away from this one unless the seller knows all the other owners and they have…[Read more]

There is no situs address. It is vacant land. That is what you are after. The mailing address is where you actually send the letter. Not the situs address.

G&E – This is normal. Most vacant parcels do not have a street address until they get improvements. Usually the county will assign a numbered street address after building permits. Do not delete.

Shaun – Good work! Thanks for sharing your success.

Shannon – Go get set up on Discord. There you will be encouraged to write the State, County, and APN. Then we can look it up ourselves. Otherwise, use a link to show an image here. Either from DropBox or Google Drive.

Corey – This sounds good so far. These almost never work out this well. Having the daughter as trustee on the trust is perfect. Sounds like a great deal.

That would not be a very good use of your time. The number of offers is very low. If you get no results you can not tell if it is because your offer was too low or because you did not reach enough people. Mail out a minimum of 1,000 offers (1500 is better) to test an area.

Hello G&E – You can do that but you will get a ton of calls from people who want market price for their land. I am talking about 100s of calls. Wouldn’t it be nicer to just get calls from people who want to accept your offers?

Erin – the only other big thing is that the source of data in the videos is RealQuestPro. The best one to use now is DataTree but both will work. DataTree has a much better user interface.

Erin – When I started with LA in 2016 that website was already no longer available. I never used that data and never looked for a replacement for that data. So have many others and we do just fine without it. The taxsalelist.com was just an indicator to find counties with more motivated sellers. I do not believe it is crucial information for what…[Read more]

Erin – Welcome and good luck with your land business.