New to land flipping--seeking advice

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New to land flipping--seeking advice

Alfred Green
Sebastian, FL · Member since 2013 · 30 posts · 0 votes

I'm new to making money from real estate, and recently I learned of flipping land via Jack Bosch. It's simplicity was what truly got my attention.

There's a lot of information which is just not applicable to land, so I'm seeking direction on where I might start. It's $800 for Bosch's package, which I don't have currently.

Does the free guide cover land parcels?

I'm seeking to START somewhere, and my goal is to do my first deal this month.

I look forward to this, for it's very attainable. Thank you.

Alfred Green

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Seth WilliamsPro Member
Specialist · Grand Rapids, MI · Member since 2012 · 583 posts · 353 votes
13y

Hi Alfred Green - I can vouch for Jack. He's got a legitimate program and it really does work if you put the time and effort into it.

Land is a niche that most investors don't really understand... which is a great thing for those who do take the time to learn and capitalize on it (you'll find that there is very little competition in land investing - I don't think I've ever gotten into a bidding war on a land deal, not once).

I'm not sure what is covered in this "free guide" you're referring to, but his actual course does cover a lot of what you'll need to know (not everything, but a lot). Land is a different animal than the conventional SFR properties that most investors are pursuing. What seems like a simple property at first glance can actually require a lot of research in order to understand the full story behind each individual parcel of land.

All said though - it is a solid approach to real estate investing. If you have any other questions, let me know. I can give you my perspective on it (whatever that's worth).

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  • Deborah Hill
    Los Angeles, CA · Member since 2014 · 44 posts · 7 votes
    11y

    @mark podolsky

    Thanks for info. I will be working on that list. Can these same list be ordered from a title company?

    I know there is some info a title co won't give. 

    0Reply
  • Seth WilliamsPro Member
    Specialist · Grand Rapids, MI · Member since 2012 · 583 posts · 353 votes
    11y

    @Deborah Hill - you can get this list from some title companies, but the list is just as easy to get yourself with a service like AgentPro247 (see video below):

    The only problem with AgentPro247 (or any other third party service like this) is that even though the lists area easy to get, the information isn't always going to be perfect. If you're looking for a list of property owners that is both current and accurate (which is very important in these kinds of direct mail campaigns), the best place to get these lists by far is directly from the county treasurer, as @Mark Podolsky said above.

    Unfortunately, getting the list from the treasurer can be inconvenient (and some treasurers will make this probably much more difficult than others), but in my opinion, it's still worth the trouble. A good list that is accurate and well-refined can yield amazing results. It's not always easy to get there, but the end product is nothing short of amazing.

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  • Seth WilliamsPro Member
    Specialist · Grand Rapids, MI · Member since 2012 · 583 posts · 353 votes
    11y

    @Greg Baker @Jack Butala - you've got it right. For ultra-cheap properties, I always try to do my own title search (though I should mention, not everyone goes this far on properties that are only a few hundred bucks). I also close in a similar fashion to how Steven described it above, getting the deed signed & notarized and mailing it in for recording with a cashier's check.

    If you need help ordering a title search, here's an overview on how to do that:

    If you need help figuring out how to do a title search, here's an overview on how to do that:

    Hope that helps!

    Podcast Guest on Show #39
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  • Greg Baker
    Rochester, NY · Member since 2014 · 83 posts · 19 votes
    11y

    @Jack Butala  @Seth Williams 

    Thank you so much for taking the time to explain this, especially with the video links.  I'm guessing it's incredibly simple once you done it once!  I'll definitely be bookmarking this thread.  

    0Reply
  • Vicki Stewart
    Real Estate Investor · Kansas City, MO · Member since 2014 · 43 posts · 16 votes
    11y

    This is exactly what I was looking for when I got on the site today. Gotta love BP! Thanks everyone for the great info. 

    I have a couple questions to add. I'm guessing it may vary by state but what deed do you use and is it different depending on whether you're buying or selling?

    1Reply
  • Vicki Stewart
    Real Estate Investor · Kansas City, MO · Member since 2014 · 43 posts · 16 votes
    11y

    @Douglas Larson 

    Although your comments here are over a year old, I just recently discovered this thread. You mentioned your exit strategies include partnering with builders on specs. I'm considering that strategy as well but am unsure how to structure it. What are some of the ways you've structured these partnerships? I assume it may vary depending on the deal.

    I'd appreciate any suggestions you may have.

    1Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    11y

    @Jack Butala 

      Just following up when I sent you over the 30 or so parcels I wanted to sell you told me your gal would e mail or call the next day.. that's been 3 weeks... I hope to hear from you guys soon.. As from what you say you buy low value land and resell.. I have low valued land to sell and happy to do it.. I am hoping what your saying is for real !!

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    1Reply
  • Karl James
    Land Investor · Midlothian, TX · Member since 2014 · 93 posts · 43 votes
    11y

    @Deborah Hill 

    I am no where as experienced as the folks to which you've directed your question, so I look forward to their response as well.

    When I am looking for vacant land, I look for out of state owners who've owned the land at least 5 years (preferably 8 - 10+) and if they are delinquent on taxes, even better.

    1Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    11y

    @Vicki Stewart 

      not to be a nay sayer but having been raised in the land business ( my dad was in it for 30 years)  and now being a home builder I can tell you there is no play trying to find bare lots to partner with builders.. the builders will just buy their own dirt you would not bring anyting to the table.. you could buy the dirt and sell it to them.. But especially in the mid west were land has very little value unless your building new home communities like DR Horton Pulte etc. When you can buy existing houses by the millions through out the mid west and south east for far less than replacement costs render's most lots value less. I would suggest tacking into a different wind.

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  • Vicki Stewart
    Real Estate Investor · Kansas City, MO · Member since 2014 · 43 posts · 16 votes
    11y

    @Jay Hinrichs 

    Thanks for your input, much appreciated. I'll adjust my sails accordingly. 

    1Reply
  • Douglas LarsonPro Member
    Rental Property Investor · Salt Lake City UT San Diego CA Daytona Beach, FL · Member since 2008 · 410 posts · 337 votes
    11y

    @Vicki Stewart 

    Most cities in the country have unique, desirable areas where there are no longer 3 to 20 acre parcels to develop. There will always be desirable lots where there is great value in the right land. If you find a great deal there will also be smaller builders who can build on spec if you are willing to subordinate your interest. Now that lending on new construction has loosened up a bit, even small builders may just want to buy your land outright instead of partnering. Land has been a great part of my business model over the last 5 years but it is getting tougher to find the deals. If you are new in this space, it may be very difficult to make this your first investment strategy. 

    The best place to begin might be to speak to a few smaller, upscale builders to find out what they are looking for and where. If they build on spec or if they have clients trying to find lots in certain zip codes you can then start your search. Finding a great deal on the local MLS will be difficult if not impossible. Driving for dollars, yellow letters to absentee owners and networking will be key.

    There are other opportunities for recreational land too and I have dabbled in that space. You must have cash for deals though and be willing to do a lot of marketing and possibly owner financing to sell. Listen to Podcast #39 for more ideas on this.

    Have fun and make your own luck!

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  • Vicki Stewart
    Real Estate Investor · Kansas City, MO · Member since 2014 · 43 posts · 16 votes
    11y

    @Douglas Larson 

    Podcast #39 is what opened my mind to land investing. :-)

    Your 2nd paragraph describes the strategy I had in mind with this group. Of course, I don't plan to rely solely on builders but thought it might be a good idea to try to include them on my buyers list. Judging by the feedback here, I'll just devote a small percentage of my efforts on this approach. And, set aside the idea of partnering unless an obvious opportunity presents itself.

    Thanks for the advise!

    0Reply
  • James Hughes
    Blissfield, MI · Member since 2015 · 2 posts · 0 votes
    11y

    Can anyone give me a general idea of what a letter to a tax-delinquent land owner would look like?  I am interested in starting a letter writing campaign to make "low-ball" offers on tax-delinquent properties and I am uncertain of how to phrase the approach.

    Thanks

    0Reply
  • Jay M.
    Wholesaler · Burnaby, British Columbia · Member since 2015 · 59 posts · 26 votes
    10y

    Here is a link to my free land investing Facebook group called "Land Motivation" for anyone interested in interacting with active raw land flippers in a positive supportive environment. Cheers.

    https://www.facebook.com/groups/1022404027810050/

    0Reply
  • Scotty Hamill
    Real Estate Investor · Oklahoma City, OK · Member since 2009 · 71 posts · 21 votes
    10y

    Thanks Jay M., I just sent you a request to join the group.

    1Reply
  • Steve Haight
    Las Vegas, NV · Member since 2014 · 732 posts · 137 votes
    10y

    @Alfred Green

    My advice, learn how to market raw land first then go and find some inventory from a distressed land owner and do a marketing contract, last one I did bought for$ 200 per acre and flipped it for $400 per acre, did that 3000 times. @Deborah Hill not sure what you are trying to do, reach out if any of you need some direction on vacant land sales.

    2Reply
  • Melissa Collins
    Duncan, BC · Member since 2016 · 5 posts · 1 vote
    10y

    following this thread...located on Vancouver Island in BC Canada. Is this something I can do from my location? Purchase raw land in the US and re sell? Best areas to start my search for land parcels? Thank-you for being willing to share all your knowledge everyone! 

    0Reply
  • Steve Haight
    Las Vegas, NV · Member since 2014 · 732 posts · 137 votes
    10y

    @Melissa Collins

    Now with technology you can do this from anywhere. When I first started selling raw land I would always physically show it, as technology involved the way we do business has evolved like in any other industry, like google earth, now I can find a parcel of land with the tax id # and show it like you show a house on google earth. Reach out anytime. P.S. Would like to visit Vancouver island will be there this summer. Have someone I know in Courtney. 

    Cheers, 

    0Reply
  • Account Closed
    Colorado Springs, CO · Member since 2015 · 31 posts · 10 votes
    10y

    Hey everyone,

    Great discussion here. I just signed up for AgentPro247 and am filtering through some lists and trying to decide so that I can mail out within the week! I pretty much have my search filtered down to tax delinquent residential land, but to further refine what are some of the best options? Should I be refining any values like assessed or market value? What about anniversary month? Is there a way to refine when I was last sold?

    Thanks ahead of time!!!! 

    0Reply
  • Jay M.
    Wholesaler · Burnaby, British Columbia · Member since 2015 · 59 posts · 26 votes
    10y

    Hi @Alfred Green the members (including Jack) of my land investing group flip raw land for profit on a daily basis. If you're looking for a starting place there are several land flipping courses available that will teach you the strategies.  Some of the courses (including Jack's) were offering a money back guarantee and would give you a full refund for completing one land flip within a certain time limit (check with the individual course providers to see if this is still being offered).  

    1Reply
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