Rural land flipping means acquiring rural or recreational land at a discount, typically from motivated or absentee owners, and reselling it for a profit, frequently by offering buyers seller-financed terms.
Log in to followAn operator I've been talking to sent me the template he uses for his owner-financed land sales so I could see how the deal works before I put money anywhere near it. I read docum…
Sitting on two options with the same seller family and I have to pick a policy, not a deal. Parcel A: 34 acres, deed chain clean back four transfers, access off a maintained count…
I've been building out the terms side of a small rural land plan and I've stalled on the document choice, because the two camps I read both sound experienced and they say opposite…
Working through the capital recycling math on the owner-finance model and the numbers stop making sense to me. Say basis is $28,000 all in on 40 acres. I sell at $68,000 with $6,0…
Bought six parcels in one county over eight months, all 20 to 40 acres, average basis around $2,050 an acre. Three sold inside 60 days at $3,400 an acre, which is what set my pric…
I'm looking at a rural county and pulled the assessor site expecting to see what parcels sold for. There's acreage, an assessed value, an owner name, and no sale price anywhere. S…
Writing this as the passive side of the trade, because I do not think I have seen this failure described plainly anywhere. Two years ago I put $35,000 into a joint venture with an…
I'm pricing a service for rural land flippers and the fee structure is the entire question, so I want to hear how operators would rather be billed. The work is the unglamorous mid…
I've been pricing out what it would take to run payment collection for a small land portfolio, partly because I'm trying to work out where a service business fits around this nich…
Working out which strategy fits me and this one has stalled my thinking for a week. The pitch for rural land on terms is that you get a markup plus interest, so a one-time flip tu…
I'm reading through a sample land contract someone posted and the interest rate line is the one I keep coming back to. The example had 9.5% on a $22,000 balance over 10 years. My…
Bought 22 acres from an absentee owner in a rolling farm county, $31,000, seller had inherited it from an uncle and the last person to set foot on it was apparently a guy with a t…
I found a listing for 5 acres priced at $500 down and $289 a month, no credit check. My first rental is coming up and I've spent weeks on tenant screening, so seeing a seller hand…
Sent 600 letters to absentee owners in one rural county about two hours from a mid-size city. Got back a call from a woman who inherited a parcel from an uncle in the 90s, has nev…