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Jonna WeberPro Member
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Investor · Boise, ID · Member since 2011 · 1k+ posts · 736 votes
10y

My take is that if you can afford to purchase a property (including land), then you can afford a plane ticket. You will never be sorry by doing on the ground due dilligence.  

208-608-4884Podcast Guest on Show #80
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  • Michael Lam
    Real Estate Investor · San Jose, CA · Member since 2016 · 80 posts · 35 votes
    10y

    Hi @Christopher Henschen

    I have a few questions for you before I attempt to give my opinion

    1.  Is this your first home purchase?

    2.  What other options have you exhausted in attempt to look for homes

    0Reply
  • Wes Brand
    Investor · San Francisco, CA · Member since 2016 · 314 posts · 153 votes
    10y

    Meaning you haven't seen it/purchasing out of state, or the seller won't let you in to look at it until you've purchased?

    0Reply
  • Christopher Henschen
    OP
    Investor · Dallas, TX · Member since 2016 · 20 posts · 2 votes
    10y

    @Michael Lam I am purchasing out of state and I have not seen anything other than google earth images of the property.

    0Reply
  • Wes Brand
    Investor · San Francisco, CA · Member since 2016 · 314 posts · 153 votes
    10y

    Purchasing land? No idea what you need to be aware of, I haven't done or looked into any land deals. I'd suspect you might want to check what it's zoned for, but beyond that I don't know.

    0Reply
  • Christopher Henschen
    OP
    Investor · Dallas, TX · Member since 2016 · 20 posts · 2 votes
    10y

    @Wes Brand I appreciate the input thanks

    0Reply
  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    10y
    Purchasing land without due diligence can be throwing money away. You need to know zoning and if it's a conforming lot. Also is there public or private utilities ? If private has a perc test been performed ? Are there wetlands, rivers or steams near properties ? I have found that if someone is selling land online- especially without a broker and on an auction site then that's a big red flag
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  • Christopher Henschen
    OP
    Investor · Dallas, TX · Member since 2016 · 20 posts · 2 votes
    10y

    @Chris Seveney Definitely some stuff I need to look into. I appreciate it

    0Reply
  • Michael Lam
    Real Estate Investor · San Jose, CA · Member since 2016 · 80 posts · 35 votes
    10y

    @Christopher Henschen

    What is your goal for purchasing land?

    0Reply
  • Christopher Henschen
    OP
    Investor · Dallas, TX · Member since 2016 · 20 posts · 2 votes
    10y

    @Michael Lam my goal is to resell for a profit

    0Reply
  • Jonna WeberPro Member
    Moderator
    Investor · Boise, ID · Member since 2011 · 1k+ posts · 736 votes
    10y

    My take is that if you can afford to purchase a property (including land), then you can afford a plane ticket. You will never be sorry by doing on the ground due dilligence.  

    208-608-4884Podcast Guest on Show #80
    3Reply
  • Steve Haight
    Las Vegas, NV · Member since 2014 · 732 posts · 137 votes
    10y

    why there why this piece? Sounds to me strickly for investment? Do you know you numbers if so give them to me so I can tell if you do!

    0Reply
  • Franklin Romine
    Visalia-Fresno, CA · Member since 2009 · 1k+ posts · 863 votes
    10y

    @Christopher Henschen

    Contact a local person and pay them $20 to take some pictures of the exterior...

    Franklin

    1Reply
  • Liz Craine
    Real Estate Agent · Cape Coral FL · Member since 2014 · 8 posts · 3 votes
    10y

     Christopher I would definitely make sure you have a very current perc test. If it doesn't perc it's basically worthless except for hunting or things that don't require a septic system. 

    0Reply
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