Win
The properties themselves sit at homes.usda.gov under the "homes for sale" section, and each listing carries a managing real estate broker assigned by USDA, not a government offic…
Happening Now
The parcel was 47 acres in a county where timber rights run with the land unless severed by a recorded instrument, and no severance was recorded, so the lease was binding on any b…
Happening Now
My note mentor dropped that on me Tuesday and I am still turning it over. We were looking at a 14-acre raw parcel in Bastrop County, seller wants $62,000, no improvements, sitting…
Story
I have a 4.3-acre piece outside Fresno under contract at $31k and the end buyer wants agricultural-to-residential before he closes. County says 90 to 120 days minimum. My contract…
Happening Now
Here is a situation worth working through. A 14 acre parcel goes under contract at 9,200, an assignment is written to an end buyer at 16,500, and the buyer's lender then requires…
Discussion
Talking to a seller right now on 47 acres in a rural county about two hours from me, asking $31,000. Sounds fine until I started reading about timber severances and now I don't kn…
Discussion
Happened to me on a 14-acre parcel in Mayes County, Oklahoma last spring. Had the seller under contract at 31k, found a buyer at 44k, set the double close for three weeks out, and…
Discussion
A common line at meetups is that raw land can be put under contract at around 30 cents on the dollar. The obvious question is 30 cents of what. A county assessor's number is not a…
Happening Now
Title commitment came back Friday on an 18 acre parcel I have under contract at 42,000. Builder buyer has verbally agreed to 68,000 and wants four lots off the road frontage. Two…
Poll
Say a 12 acre parcel goes under contract at 30k with a 30 day inspection period. The sequencing question that follows is whether to open title immediately and pay for it, or wait…
Happening Now
Consider a land assignment JV where one partner is the money and the other is the work. Say the deal is 22 acres, seller is an out of state owner who inherited it, contract price…
Discussion
Take a 22 acre rural parcel at the edge of a growing metro under contract at 18,000 dollars, standard purchase agreement, and/or assigns, 21 day close, 500 dollar earnest, 10 day…
Poll
The first filter on a mail list is parcel size, and it is where a lot of new operators stall, because experienced people give opposite answers with the same confidence. Case for s…
Loss
Fifteen weeks in, one closed deal, and I can now say exactly which 1,400 I set on fire. I bought a list of 2,100 out-of-state owners for a three county area. Then I filtered it th…
Win
Take a case worth studying in land wholesaling. A first round of campaigns runs 900 to 1,200 letters spread across four counties, chosen because the price bands look similar. Resu…
Win
Cheap rural dirt in thin markets behaves differently from anything in a metro, worth keeping in mind before applying these numbers elsewhere. Take two adjoining parcels, 11 acres…
Poll
Reading through a purchase agreement I marked up last week and the inspection period language is where the whole cost question lives. On land the killers are title, not condition.…
Happening Now
This one started as a parcel I wanted to keep. 40 acres, mixed hardwood and about 11 acres of old pasture, two years of delinquent taxes at roughly 4,100 including interest, selle…
Discussion
I spend most of my time on the service side of real estate, so the acquisition part is new to me and this is the piece I can't picture. Everybody explains how to get a parcel unde…
Happening Now
Before a first mail campaign on land goes out, it's worth having the math checked rather than finding the weak point months later. Say the list is county records, absentee owners…
Discussion
I do a lot of due diligence on passive deals and I've been reading about land as something I might actually do myself. The pattern I keep seeing in write-ups is that the cheap par…
Win
I've spent my whole working life in the trades and had never touched the investing side, so I did the smallest version of this I could think of. Pulled 60 owners off the county si…
Poll
I've been researching land mostly as something to hold, and the more I read the wholesaling side the less obvious the choice gets. Assign it: no capital tied up, no property taxes…
Loss
Fast is my whole thing and it cost me this time. 6.2 acres, wooded, in a platted rural subdivision from the seventies. Owner in another state, inherited it, hadn't paid attention…
Poll
For anyone building a list and rehearsing calls, the question that keeps flipping back and forth is whether the words "I'm going to assign this to another buyer" belong in the fir…
Discussion
From the paperwork end, the textbook understanding of an assignment is that the wholesaler is selling a contractual position, the parcel itself is never what changes hands through…
Happening Now
Say a lender who has only funded second position loans against rentals is asked to fund a same day double close on a vacant lot for the first time. The numbers in a typical versio…
Poll
Land wholesaling appeals to a lot of people precisely because there is no rehab in it, no construction knowledge required. But the two shapes of a first deal teach very different…
Win
A single land campaign that produces one assignment is worth walking through, because the ugly middle is where the money actually sits. The parcel: 31 acres of cutover pine on a p…
Discussion
Take a 5 acre parcel owned by an out of state heir who has never seen it and wants $9k, in an area where a builder would likely pay around $25k for similar acreage. The spread loo…
Win
Take a 5.1 acre parcel at the edge of a growing small town, county road frontage, no utilities at the line but power about 400 feet away, assessed at 61k. Sending 240 letters to o…
Poll
I've been running rehab scopes for years and land is new to me, so I'm looking at fee structure from the outside. Two operators I talk to price assignments completely differently.…
Discussion
Nobody will give me a straight number on startup cost, and I've been at this half a year with nothing closed. The videos say almost nothing, which I don't believe, and then the sa…
Happening Now
A scenario for the room. Parcel is 9.6 acres, under contract at 61,000, penciled at 84,000 to a small builder who wants three lots out of it. Then the zoning table gets read prope…
Poll
For land acquisition specifically, cold mail to the county tax roll address tends to perform better than it does on houses, since a land owner has usually been paying the tax bill…