5 Cons Of Owning Land - 5 Negative Aspects Of Owning Your Own Property/Raw Land

[@graffix11us]

I agree on the whole working when you are supposed to be relaxing! Since owning our property we have built a shed, cut down dead trees and made more firewood than we can use in 5 years, created a pad for the RV, setup solar on the shed, built a nice fire ring and the list goes on and on. I do actually enjoy the labor up at the property so maybe 'work' isn't the right term. You do have to give yourself time to sit back and enjoy a beer by the fire.

[@ColoradoCamperman]

Lol, glad to hear I'm not the only one that enjoys doing labor on their property! I always think of it as we are making it our own and improving the look of the property. Sounds like you guys have definitely been busy and I like the work you have done so far!

[@ignatiusnaidu2514]

What all to be done on developing land and raising funds please reply thanx

[@Sirskibumsalot]

Hey Brian ....yea I agree on the con of a HOA , if at all possible don't have one ! We have one hear and they are pretty shady individuals .....they stole $1300.00 from us making us pay past owners old HOA dues ..... and right before I bought the property they said that they would not do that and would go after the previous owners . and other than that they don't do any thing out here but grade the road once a year ... And we pay $180.00 per year for the HOA . Get it in writing thats where I blew it , I trusted them was my down fall ....

[@ColoradoCamperman]

Ugh, sorry to hear that! We have had some bad experiences with HOA's and so we were specifically looking for land without one. The county may be making up for the HOA though, lol. There seems to be a lot of red tape on building the more I look into things :(

[@PlasticPellets]

if it's not a shady HOA, then it's a shady town/city government ....pick your poison

[@raggar101]

Forbes park?

[@n2daair23]

Yeah, it’s a ton of work, but it’s YOURS! We recently purchased land also (with cabin) and the jobs are non stop but when I get a little discouraged I just look around at the environment I’m working in and suddenly it comes to me why I’m there in the first place. We’ve been doing the cactus dance also, and goatheads, and tumbleweeds, etc. now just to figure out what to do with em, lol. Guess I’ll just bury em deep cause we damn sure can’t burn anything! Oh, and that’s another con of owning land in the west, FIRE!!!

[@ColoradoCamperman]

You bring up some great points! I agree with you 100%! Glad to hear we're not the only ones fighting stupid cactus, lol! I was able to have a fire finally when I got stuck in a huge snowstorm on our land. I burned the cactus pile we had put together, well, sort of. Even though they had sat for a long time they were still pretty wet and hard to burn. Digging a deep hole would probably be your best bet. Thanks for watching and enjoy your land/cabin!

[@knutblaise9437]

One big concern I have with this sort of property is liability if someone was injured on the property. Maybe your business insurance covers all of your properties. Love your videos on your new property.

[@ColoradoCamperman]

We have an umbrella policy. I could definitely see how that would be a concern. Thanks for the comment and watching!

[@pre1980cars]

Post no trespassing signs all around, they dont belong there

[@BLAM777]

@@pre1980cars posted signs up in the north east won't matter. If someone gets hurt on your property unfortunately they can try to sue you. The reason I know this is because we are in the process of closing on land and I have been looking into that very thing. Sad thing is today alot of people are looking for a free ride.

[@mr_4point681]

@@BLAM777 so you telling me if I break into someone's property and get injured while inside I could still sue them??

[@boydjensen3161]

@@mr_4point681 Yep, back in the day some kids broke into the neighbors backyard, and were partying in their pool. One kid got his head cracked open slipping on the wet cement. Yep, sued and got a ton of money. They actually called the swimming pool "an attractive nuisance" go figure.

[@savelikeaprowithleah5157]

Super Informative! I came from a farmer community in India. But I wasn't sure how to manage Land here, especially in Midwest! Thanks for Sharing!

[@ColoradoCamperman]

Glad you found the video helpful, thanks for watching!

[@pushbroom9398]

VERY INFORMATIVE THANKS

[@ColoradoCamperman]

You're welcome! Glad it was helpful. Thanks for watching!

[@kumara5492]

Nice video. It's like dreaming of being an astronaut entire life , but , turned off when they see how they have to recycle lot of stuff during their journey to their destination. I was looking for owning some land , but I am not really motivated anymore. I rather spend my time on tennis courts I guess. But , it's more gratifying at the end, especially, if one has bunch of kids and leave something to them in legacy. Thank you and I subscribed.

[@ColoradoCamperman]

Nothing wrong with spending your time on tennis courts! Thanks for subbing and watching!

[@wanderinggnomealaska7674]

You're living my dream! Is it true that the Colorado law is that your to camp on your land for only 2 weeks every three months?

[@ColoradoCamperman]

Thank you! We've enjoyed our property so far. To my knowledge it depends on the county. Most counties allow camping on your property but it is limited to a number of days. Check the regulations of the county that you're looking at buying in. Thanks for watching!

[@jasonlopez4855]

Live in New Mexico have land up in Cuba New Mexico and people that shoot elk hunters the elk run into my land and they cut the fence to get the elk out. It's one thing I don't like is keep repairing my fence. Why do people think they can actually go hunting with smaller and smaller calibers. Not smart enough 🥴 Just got my well dug starting to really like my land.

[@ColoradoCamperman]

That is frustrating, sorry to hear that. People seem to have lost common decency and don't feel like it is a violation to trespass. That is great you have a well at your property! Thanks for watching!

[@alexanderrufrano2460]

Do you own land in los lunas Jason?

[@janetrhoades]

There are so many of these companies that finance land on the internet and you must do your research before buying. So much the seller just do not tell you as their only goal is to sell it fast. A lot of times the seller buys the land on a purchase agreement from someone wanting to sell property and they make the close date far in the future hoping it can be flipped quickly,original owner paid off and profit in the pocket. Really think about the financing terms and agreements and do the math. If a property is selling for 5,000.00 it was most likely bought for a lot less. A good example is: property bought for 1,000.00,up the price to 5,000.00,owner finance it at 500.00 down add a usually high interest rate and make it 60 equal payments to pay it off of 150.00 per month. Add that up. You would be paying 9,500.00 for the property if financed to term. That is an 8,500.00 profit. Check the local real estate market for value and prices of similar type of land.,local restrictions,taxes,leins of all types,land fees,easements and deed. It is certainly an easy way to own land but can be very costly over time. There are some very good owner financing land companies with nice land and terms. Always do your research before you buy. to avoid disappointments that may be very costly.

[@ColoradoCamperman]

Good points, thanks for watching.

[@NoProDad]

Great info! Thanks

[@ColoradoCamperman]

You're welcome, thanks for watching!

[@True-yj3ur]

Did I forget to tell you how much I appreciate you? 🥺🥺

[@ColoradoCamperman]

Thank you! Glad you enjoyed the video.

[@gradabdullahi8119]

It’s beautiful land congratulations 🎊 good decision

[@ColoradoCamperman]

Thank you! I appreciate the compliment and you watching!

[@sandrayork4856]

Hi, thank you so much for the good info. Q: how cold does it get in the winter, does it snow?

[@ColoradoCamperman]

You're welcome! This last winter we figured we got somewhere between 120-130" of snow. As for temps, I camped on our property during the winter and it snowed 2ft when I was there. At night it got down to 5 degrees F and daytime temps were 15-20. Normally it is warmer than that in the winter. Thanks for watching!

[@mjwmontgomery]

Its a beautiful piece of land.

[@ColoradoCamperman]

Thanks Matthew! Thanks for watching too!

[@banderson5676]

How far is your .and away from your home?

[@ColoradoCamperman]

About 1-1.5hr away from our house depending on if I'm towing the camper or just driving a vehicle. Thanks for watching!

[@WeThePeople001]

Can you fence your property?

[@ColoradoCamperman]

We could, however, we would lose our agriculture status because we allow cattle grazing. Right now with the AG status our taxes are a whopping $70. Thanks for watching!

[@JohnSmith-en2st]

@@ColoradoCamperman don't they limit your camping

[@JohnSmith-en2st]

What about building she'd no foundation

[@ColoradoCamperman]

@@JohnSmith-en2st No HOA, so no limit there. According to our county, you can camp for up to 4 months out of a year. Thanks for watching.

[@ColoradoCamperman]

@@JohnSmith-en2st That is what we are planning on doing. There is still a 120sq ft maximum size without getting a permit though.

[@tacotuesday000]

Starts at 1:50

[@ColoradoCamperman]

Thanks for watching

[@True-yj3ur]

Can foreigners buy land?

[@ColoradoCamperman]

I'm pretty sure, but not 100% positive. Thanks for watching!

[@PhenxRsng]

When owning land taxes, intrest rate and squatters doesn't really seem like a good investment to me also lawsuits could come your way.

[@ColoradoCamperman]

True, thanks for watching.

[@AdventuresWithDaniel]

Those scandalous realtors! :)

[@ColoradoCamperman]

Lol, yeah, those darn realtors!

[@FindOrMakeit]

Be careful with rattle snakes

[@ColoradoCamperman]

Thanks, we have yet to see one snake of any kind on our property, hopefully it stays that way. Lots of small lizards though! Thanks for watching.

[@RobertMOdell]

Never, ever, ever buy HOA land.

[@ColoradoCamperman]

Agreed, thanks for watching!