All Forum Posts by: Bo Mitchell

@Scott Evans

That is for sure something that has crossed my mind while looking into this deal. The land is an area that has exploded in the last 5 years. I don’t think I would have a problem selling the land. Land is something that doesn’t come up for sale very often around here.

Thanks,

@Tamara Deering

I spoke with the realtor and there are currently no deed restrictions. Thanks for the advice on the minerals rights that’s something I didn’t even think about. I don’t see there being oil on the land but I need to find out if the mineral rights come with it.

I have spoke to a few friends and family members and running livestock on the land was for something that we looked into. I really appreciate all the advise!

Thank you

@Matt Everling

The land is outside of a small town that is expanding that way. I spoke to the realtor and the land does not have any deed restrictions. Does this mean that I could develop the land for commercial or residential use?

Thanks,

@John P. Thanks for the suggestions. I took your advice and talked to a someone who is developed some land before.

Thanks,

Bo

@Lucas Gillmore

Thanks for all the advice. I would like to stay in touch and learn more about what questions to be asking. The area where I live is being developed and growing like crazy and I think that there is a lot of opportunity out here.

Thanks,

Bo

@Ronald Rohde

I would bed speculating more than anything. As of right now the land has zero deed restrictions. I would probably want to put some kind of live stock on it for a little while to help make the payment.

Thanks

Bo

Hey guys, 

I’m new to investing in real estate. I’m constantly looking for houses to flip or rental properties. While looking for deals I a came across some raw land that is currently in farm land. The land is in a growing community. I have contacted the agent but the problem is I don’t even know what questions I should be asking or even how to evaluate the property to find out if it is a good deal. Any advice would be greatly appreciated. 

Thanks,

@Kevin Sack Thanks for the info. I knew there were a few motels that have been built on the North side of town. I heard there was a Starbucks going in over there too. I have many friends that live in Clovis so I hear about the commercial growth sometimes, but I didn’t know if the residential was growing.

@Anthoney Hanks

Thanks for the encouragement Anthoney! Are you currently looking in the Lubbock market, or are you looking elsewhere?

Thanks,

@Mitch Messer

I had heard Clovis was having some commercial growth I didn’t know if the residential was going up any.

I feel like Lubbock is a great place to invest in. Like you said we have the major hospitals and university’s another thing that I have been thinking about looking into is Airbnb properties in Lubbock.

Thanks