Rookie RE investor in FL interested in raw land...

Rookie RE investor in FL interested in raw land...

Homestead, FL · Member since 2016 · 4 posts · 1 vote

Hi BP forum, I am looking for a few acres to build a modest sized cabin to get away from South Miami a few times a month. My family runs a small construction business and we moved from NY 8 years ago and have been doing business in downtown Miami almost exclusively with condo renovations with some home renovations mixed in. Recently I've been looking for some land to have a place we can relax on and get away from the city a few times a month for fishing, hunting and just being in a peaceful environment. I have been scouring Craigslist, websites from land sellers and EBay for properties that would be ideal. My ideal location would be a wooded area, close to a body of water for fishing that also had a variety of game for hunting and not farther north than the Orlando area. I'd like for it to be 3 hours away max from our home in Homestead which is pretty much Miami and for it to be somewhat secluded. Being in a quiet setting is very important. I don't need 20 acres but would like a few acres to roam on.

I'd like to know what part of Florida would be an ideal location to start looking in and also any tips you have for someone new to purchasing land. I have seen some 100% financing by seller with no penalties for paying off early. Also, any tips on where to look for such land and any suggested methods of doing it such as with pre-for closures or tax lien auctions on eBay, etc. would be greatly appreciated. As of now, the only things I know I should do before buying is to:

1. Check county records for zoning laws and for back taxes, liens, what utilities are available and when it was listed and for how long.

2. Go on the property and see it first hand to see if the land is suitable for my needs.

3. Talk to surrounding neighbors and explore the neighborhoods for types of houses nearby, nearby stores, gas stations, etc.

Really, any general tips websites for resources and thoughts on any of these topics would be a great deal of help as I am currently feeling overwhelmed. Not looking to spend too much on the property as It will be a recreational property and not a residing property. I'm not able to put down a lot for a down payment currently but can manage a few hundred a month for some sort of financing with plans to paying off early. Recently had a few clients that I had to take legal action against due to non-payment and both have been ruled in my favor so things will get better. It has been a struggle the last few months but things should get significantly better for the remainder of the year. We could really use a getaway property to relax on. Thanks in advance.

-Daniel

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  • Tampa, FL · Member since 2016 · 7 posts · 2 votes
    10y

    Hey Daniel.

    3 hours from Homestead?  Thats going to be tough 😄.

    I am in the process of doing my first direct mail.  Its honestly a pretty simple process and resembles what you've shown above.  Ive found out everything from Seth Williams site at retipster.com

    One thing nice about florida is I think most counties use TaxSys so you would only have to learn one system.

    Good luck!

    Kris

  • Homestead, FL · Member since 2016 · 4 posts · 1 vote
    10y

    I am on the border of Homestead so it's not deep into Homestead. Literally can get to Miami beach in 45 minutes with no traffic and about an hour to Hollywood. I've been looking at some place in the Port Charlotte (2-2.5 hours away) and even as far north as the Ocala area (3 or so hours away). I too have checked out retipster yesterday as well which has lead me here. Could you tell me what direct mail and TaxSys is? Thanks Kris, I appreciate it.

  • Lender · Miami, FL · Member since 2016 · 26 posts · 4 votes
    10y

    Hi Daniel, have you looked in the west Lake Okeechobee area such as Palmdale or Moore Haven? Land there is fairly cheap and there is plenty of wild game and fishing. All within 3 hours Miami. 

  • Jill DeWitPro Member
    Investor · Scottsdale AZ · Member since 2015 · 1k+ posts · 423 votes
    10y

    Hi @Daniel Chang and welcome to BP. With the informative forums on BP along with the free educational videos and the ability to network with other investors, you can't go wrong on this site! You came to the right place and I wish you all the best.

  • Homestead, FL · Member since 2016 · 4 posts · 1 vote
    10y

    Thanks Giovanny! I finally have a clue now... I appreciate it sir.

  • Homestead, FL · Member since 2016 · 4 posts · 1 vote
    10y

    Thanks Jill! I've been a member for 2 days now and have gotten more help here than most others I've been a part of for weeks. This surely is a goldmine I've come across. Took some time to find BP but I'm so thankful for finally finding it now.

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