My offer letter for this property was for $1000, but this is one of those properties that I’d not go over $500 for. It’s out there, and looking at the deed from the last time that it was sold to this owner (the minor), it states that the sale price at that time was just over a grand.
Due to the negotiation that is required, and the approximate age of the owner (I’m guessing 15-17 years old), and the profit potential (not much, even at 300%), I don’t think “the juice is worth the squeeze”. I believe that I’ll pass.
After having some issues with RealQuest (more than likely a browser issue, or just me being dense), I’ve got my raw data and am starting to scrub. I’ve watched a few videos on how to scrub, along with what come whit the LA kit, and I have to say that your post here has been INCREDIBLY helpful! Thank you SO MUCH for taking the time to do this and to help us all out that are just starting in our land business.
Well, this is rather embarrassing, I didn’t see that I had replies to this post….My sincerest apologies!!
Chuck, I’m with you….this is a learning curve, and having a buddy along the way to sound off with would be super handy!!
Mr. and Mrs. Baker, I’m located in Huntsville. A bit south and west of you, I believe.
Jason….we may have run across each other at one time or another….what years were you in the field? I am with TechnipFMC…used to be FMC Technologies. I was in the GOM from about 2004 to about 2007, and then I went to West Africa for just under a decade.