Land Investing - Deal Percentage?
Hello,
I'm a new land investor that has sent out 2000 postcards to 2-10 acre land owners from lists I pulled from AgentPro247. My response rate has been in-line (2-3%) but I have only received 4 signed purchase agreements. I have not been able to get any of these deals through title. All have had title issues.
I own and run another business that produces a nice income. My plan was to diversify into land investing as well. I feel like I am pretty picky on the deals I would like to buy due to reading about the resale of the land being the difficult part of the equation. I only want to flip the land for cash - no seller financing.
I am looking for feedback about what is to be expected in this arena. Am I on the right track? Do I need to just keep plugging along and success will come or adjust my settings? Ex. Sell the deals I'm losing with Special Warranty Deed?
Thank you for your time.