๐ฅ
Mar 22 โข Discussion
21 questions to ask before buying vacant land
A wholesaler in a community I'm in posted this question to the group:
"๐๐ฉ๐ฆ๐ฏ ๐ ๐ด๐ฆ๐ฆ ๐ฃ๐ญ๐ฐ๐ค๐ฌ๐ด ๐ญ๐ช๐ฌ๐ฆ ๐ต๐ฉ๐ช๐ด ๐ ๐ง๐ฆ๐ฆ๐ญ ๐ญ๐ช๐ฌ๐ฆ ๐ช๐ตโ๐ด ๐ฏ๐ฐ๐ต๐ฉ๐ช๐ฏ๐จ ๐ฃ๐ถ๐ต ๐ฐ๐ฑ๐ฑ๐ฐ๐ณ๐ต๐ถ๐ฏ๐ช๐ต๐บ ๐ข๐ฏ๐ฅ ๐ฑ๐ฐ๐ต๐ฆ๐ฏ๐ต๐ช๐ข๐ญ ๐ต๐ฐ ๐ฏ๐ฐ๐ต ๐ฐ๐ฏ๐ญ๐บ ๐ฑ๐ถ๐ต ๐ง๐ข๐ฎ๐ช๐ญ๐ช๐ฆ๐ด ๐ช๐ฏ ๐จ๐ฐ๐ฐ๐ฅ ๐ด๐ข๐ง๐ฆ ๐ข๐ฏ๐ฅ ๐ด๐ฆ๐ค๐ถ๐ณ๐ฆ ๐ฉ๐ฐ๐ฎ๐ฆ๐ด ๐ณ๐ฆ๐ฃ๐ถ๐ช๐ญ๐ฅ ๐ข ๐ฏ๐ช๐ค๐ฆ ๐ฃ๐ญ๐ฐ๐ค๐ฌ ๐ช๐ฏ ๐ข ๐ต๐ฉ๐ณ๐ช๐ท๐ช๐ฏ๐จ ๐ข๐ณ๐ฆ๐ข ๐ข๐ฏ๐ฅ ๐ฎ๐ข๐ฌ๐ฆ ๐ต๐ฉ๐ฆ ๐ค๐ช๐ต๐บ ๐ญ๐ฐ๐ฐ๐ฌ ๐ฃ๐ฆ๐ต๐ต๐ฆ๐ณ ๐ฃ๐ถ๐ต ๐ต๐ฐ ๐ข๐ญ๐ด๐ฐ ๐ฎ๐ข๐ฌ๐ฆ ๐ฎ๐ฐ๐ฏ๐ฆ๐บ ๐ธ๐ฉ๐ช๐ญ๐ฆ ๐ฅ๐ฐ๐ช๐ฏ๐จ ๐ช๐ต - ๐ต๐ฉ๐ฆ๐ด๐ฆ ๐ญ๐ฐ๐ต๐ด ๐ข๐ณ๐ฆ $200 ๐ค๐ข๐ฏ ๐ด๐ฐ๐ฎ๐ฆ๐ฃ๐ฐ๐ฅ๐บ ๐ต๐ฆ๐ญ๐ญ ๐ฎ๐ฆ ๐ธ๐ฉ๐บ ๐ ๐ด๐ฉ๐ฐ๐ถ๐ญ๐ฅ๐ฏโ๐ต ๐ฃ๐ถ๐บ ๐ข๐ญ๐ญ ๐ฐ๐ง ๐ต๐ฉ๐ช๐ด ๐ณ๐ช๐จ๐ฉ๐ต ๐ฏ๐ฐ๐ธ ๐ต๐ฐ๐ฅ๐ข๐บ ??"
To which I responded...
๐ง๐ต๐ฒ ๐ณ๐ถ๐ฟ๐๐ ๐พ๐๐ฒ๐๐๐ถ๐ผ๐ป ๐ ๐๐ผ๐๐น๐ฑ ๐ต๐ฎ๐๐ฒ ๐ถ๐, ๐๐ต๐ฎ๐ ๐๐ผ๐๐น๐ฑ ๐๐ผ๐ ๐ฑ๐ผ ๐๐ผ ๐ฎ๐ฑ๐ฑ ๐๐ฎ๐น๐๐ฒ?
Here are a few of the questions I ask when talking directly to sellers:
- Why are you considering a sale at this time?ย
- Whatโs your timeline โ any urgent dates coming up?
- Whatโs kept you from selling before now?
- What have you tried so far to sell the property?
- Is the property listed?
- Why not list with a realtor?
- Has it been surveyed?
- Who maintains the road? (city, county, private, etc.)
- Is there water available to the property? If so, is it city, county or private?
- Is there a sewer line available to the property? If so, is it city, county or private?
- If not, has the soil been perc tested?
- Is there electricity available to the property? If so, how close?
- How sloped is the property? What percentage is buildable (less than 15 degree slope)
- How much, if any, of the property is in a flood zone?
- How much, if any, of the property is covered by wetlands?
- Are there any known easements or encroachments through the property? If so, describe.
- Is it part of an HOA? If so, annual or monthly dues?
- Current on taxes?
- Any title issues?
- Any buildings, vehicles or materials on the property?
The great thing about land is, you get this limited set of questions answered, and you can pretty much tell if there's a deal there or not.
If you get all green flags, you might have a deal, if the seller is willing and able to sell at the price you need to flip for a profit.
Just watch for the red flags โ sometimes the best deal you can do is no deal at all.
1
0 comments
21 questions to ask before buying vacant land
powered by
skool.com/realfreeco-3644
Learn how to create profitable deals like clockwork. Clear frameworks. Real numbers. No hype.
Suggested communities
Powered by