Hello - I am a Newbie and researching some potential properties to purchase (goal is to flip). I am doing some due diligence on the parcels by reviewing on county site and zillow but some parcels dont have an address as of yet but do have an assessed value on county site. I'm second guessing myself and if I am doing correctly? Would you purchase properties without a site address?
It’s really common for parcels of vacant land to not have an address. Typically one isn’t assigned until someone builds on it.
As for due diligence, check out @Seth Williams’ blog (retipster.com), if you haven’t already. He has a lot of really good free content related to land flipping.
Like @Linda Hastings said, many counties wait until "development begins" before an official street address (I.e., what many investors call a "911 address") is issued.
Lisa, I understand that not having a physical address "may project remoteness" and on the surface, may "tarnish a perceived land value". But many times, this is NOT the case.
Good luck to you Lisa, and keep "picking the brains" of seasoned pros on this great Site and maybe try "linking-up" with other real estate investors in your area (via by Meetups or by joining local real estate investor club (REIA meetings). ----> Sincerely Bob
Hi Lisa! Most of my properties do not have an address. As long as you have the APN for the property you can use sites to see images and get owner information and so on.