Land wholesaling applies the assignment model to vacant and raw land rather than houses.
Log in to followEverything I know about valuing property comes from rent rolls and expenses on my two small buildings. Land breaks my brain. Someone at a meetup told me he puts raw land under con…
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…
I have a contract shape figured out and now I'm stuck on sequencing. Say I get 12 acres under contract at 30k with a 30 day inspection period. Do I open title immediately and pay…
A wholesaler I've been talking to for a couple of months asked me to come in on a land assignment. I'm the money and he's the work. Deal as he describes it: 22 acres, seller is an…
Parcel under contract at $18,000, 22 acres, rural county at the edge of a metro that's been growing outward. Contract is a standard purchase agreement, and/or assigns, 21 day clos…
I'm building my first list and I've stalled on the very first filter, parcel size, because the two people I've asked gave me opposite answers with the same confidence. Case for sm…
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…
I've been running small rental positions for years and started doing land assignments as a side channel about eighteen months ago. The change worth reporting is a targeting one, a…
I look at cheap dirt in thin markets, so nobody should copy these numbers into a metro. Bought both from the same estate. 11 acres and 8 acres, adjoining, in a county with maybe 9…
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.…
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…
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…
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…
First mail campaign on land goes out next month and I'd rather someone break the math now than in April. List is county records, absentee owners with a mailing address outside the…
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…
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…
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…
Building a list right now, no deals yet, and I'm rehearsing calls with a friend so I don't freeze. The part I keep changing my mind on is whether the words "I'm going to assign th…
I look at the lending side mostly, so I come at this from the paperwork end. My understanding of an assignment is that I'm selling my contractual position, not the parcel, so no b…
Someone I met at a local meetup asked me to fund a same day double close on a vacant lot. I've only done second position loans against rentals, so land is new to me. The numbers h…