Questionarre for Land Investing?

Question

I am marketing to tax delinquent properties using Yellow Letters.   does anyone have a list of questions to ask people who have land for sale?   I am marketing to Tax Delinquents

Josh Caldwell · Answer

With raw land, there are only a few questions that you can ask

Size of land, zoning, any known contamination? topography (slope), trees, mineral rights?

Current usage if any?  Access to utilities?  any easments?  Convenants and restrictions?

The rest is just negotiations on price

To your success

Josh

Jay Hinrichs · Answer

@Gerald Harris  if your going to do this you should not be asking any questions of sellers your the expert.. you should research your targets.

I get these letters all the time as my family was in the recreational land business in 5 CA counties for 30 plus years and we have literally 100?s of left over parcels in our name.. mostly odds and ends etc.. when I get the letters from these guys I will respond and they just send me a cash offer.  If your buying with title insurance the titl

Jay M. · Answer

There are several questions to ask a seller when they contact you about selling you their land. However, the two primary ones are "Are you the registered legal owner of the property" and "why are you selling? This will help gauge their motivation level and help you in negotiating a price. The physical characteristics and location of the property can be obtained from the county.

Ask they seller if they have a copy of the original deed (also obtainable from the county) and find out who else is on title. If there is more than one person on title they will both need to notarize the deed over to your name. If one person is passed away the title needs to be "joint tenancy with right of survivorship" or something similar depending on the state in order for the surviving owner to be able to legally sell the property.  If the legal owner of the land has passed away then check if probate has been done.

The members of my land investing group generally tend to avoid properties that have probate issues.

Building a buyers list is a good strategy for selling properties as you will already have a group of people to market to. This can be done through craigslist ads as well as ads on land selling sites and having people fill out an opt-in form on your own website.

Gerald Harris · Answer

Thanks Josh

Question:   I have a couple of deals i am in the process of putting under contract.   Would you know of a good ad I can use to build a buyers list?   or a craigslist ad?

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