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 follow40 acres, half pasture half scrub, in a county where the average parcel trades a couple times a decade. Seller called off a letter, said she had inherited it from her father in 20…
Posting the beginner version because I think people newer than me want to see one where nobody got clever. I sent letters to owners of vacant rural parcels who were behind on taxe…
Fast is my whole thing and it cost me here. Saw a parcel come across a list, 5 acres, wooded, $4,300 asking from an owner three states away who had inherited it and never visited.…
18 acres of mixed hardwood in a county where the year round population is under 9,000. Seller was an out of state heir who had never seen it and had been paying $190 a year in tax…
12 acres, gently rolling, edge of a small town about 40 minutes from a metro. Bought at $16,500 from an absentee owner, sold on an installment contract at $27,500 with $2,000 down…
I got into this sideways. A guy I know sells rural parcels on installment contracts and was tracking 14 buyers in a spreadsheet with a stack of paper checks in a drawer. I offered…
Closed on 38 acres of mixed timber and old pasture in a low-population county at $27,500. Comps on similar acreage with clean frontage were running $1,600 to $2,000 an acre, so on…
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…
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…