AVOID These 3 Fatal Mistakes When Buying Land

www.thelandgeek.com Hi, Mark the Land Geek here. Let's talk about those 3 fatal mistakes in buying land that I see the average real estate investor making every single day.
0:00 Confirm Seller Owns Property
2:34 Check with Planning/Zoning about Restrictions
4:32 Make Sure Taxes are Paid Current
First big mistake -- you've got to call the county recorder and confirm that that seller owns the property. So what do you do?
First of all, you find out exactly what county that property is located in. Then you quickly go on at naco.org, and it's www.naco.org. That lists all the counties in the country. Do a quick search. You can do with the state, you can do the county -- whatever you want to do, but make sure you go there.
Then all you need to do is if you don't want to talk on the phone, you can email the recorder and simply ask who owns this property at this legal description. They will email you back where they'll tell you it's Frontier Equity Properties LLC.
When was it recorded? And that gives you a big clue as to how long did that seller own that property. Are they buying it for long-term? Are they flipping it? What's going on with that property? It kind of gives you a little bit more in the story anyways.
So now you've got that information. Again, email our seller now and say, "Hey, can you fax me or email me a copy of your recorded deed for that property?" When they do it, we get to go, to take some time, a little sketchy. If they don't do it at all, don't buy the property.
What I have seen is people go online and they can just easily copy now whatever ad is online and say, "Hey, that's my property". They can use a fake PayPal account or a fake Escrow account and take people's money. The typical term for this is a 'phishing' scam. That is the number one fatal mistake that I see people make. You've got to confirm that that seller owns that property; otherwise, who knows what you are getting into.
Now there are situations where I have actually sold property on an auction and that's a whole other ballgame because I am just controlling that. If that's the case, then you need to have a copy of the auction agreement to see that they are controlling that property. Otherwise, look out - not a good thing at all!
All right, second most fatal mistake I see the average real estate investor making online is they get really excited about the property. They are going to build their dream home there or they are going to put their RV on the property. They are just going to camp out and hang out six months out of the year, or they are going to raise sheep, they are going to do something cool on that property.
But they don't confirm with the County Planning and Zoning Commission if what their use for that property is allowed. And so they will invest thousands of dollars, ultimately to be disappointed, and 99.9% of the sellers out there, they don't guarantee that property.
You are stuck with it and now whatever dream you had to do on that property is wasted, and then you've got to go on and try to resell that property and so whole hassle and just a big bar of disappointment.
So, what do you do? Like we did with the first mistake, we've got to contact the County Planning & Zoning Commission. We are going to go back to our website www.naco.org. We are going to find our county and we are going to call or email planning and zoning.
We are going to give them the legal description of that property along with the assessor's parcel number and we are just going to ask the questions -- what restrictions are on this property? What can I do on this property? Can I build a house? Can I raise sheep? Can I camp? Can I put my RV? All these things are very important when trying to determine that your use for that property is allowed. So it's very, very important that you do that.
The third most common fatal mistake I see buyers making every day and being really, really disappointing with their purchase, is not calling the County Treasurer to confirm that the taxes are paid current. This one is really something that I have seen time and time again, bite people on the tush.
So it's really important that again, we are going to go back to our site www.naco.org -- N-A-C-O, we are going to find our County Treasurer, then we are going to shoot them an email -- again, with the legal description and assessor's parcel number and that information you should be able to get from your seller very easily and it should be on the ad. If it's not, you need to email your seller and get that information.
#buyland #landbuyingmistakes #landinvesting

[@PolishHurricane]

#1 Not confirming if the seller even owns that property. #2 Call planning and zoning and confirm what you want to do on that property, you can actually do. #3 Make sure there aren't any back taxes.

[@josenieves8131]

I just bought a 1.4million property without knowing this🤦🏼‍♂️

[@josenieves8131]

Migos- be like WAIT ON IT!!!

[@sullyh4040]

Made mistake #3 early in my flipping business. 8K later the county removed the lean

[@purelogic3595]

@@sullyh4040 I thought most sales go through a title company and they'll ensure that the seller owns the property and there are no liens on the property.

[@rickmorales2113]

@@purelogic3595 Correct, but there are times when mistakes get through the process and its your money on the line. I was told this by my title company, beware and good luck!

[@tron975]

After watching half a dozen buying land advice videos, this one has 3 completely new points and each one incredibly important. Thank you.

[@gscott5778]

A few more critical points: 1) Access to the property, is it on a county road/state road or private road. With rural land this si not uncommon. Even if the access right of way is included as part of your deed the other owner can sell and the new owner may make life difficult for you. 2) Utilities, what is or isn't there. Out west you often find things listed like Water - Haul. Meaning no well permitted or possible and all water has to be hauled to the property. How much, and how many haulers are there. 3) What land use agreements are in place formally or informally. If kids are ripping across the place on ATVs or hunters poaching or hunting with permission, you have to know that before you buy otherwise you risk a confrontation that is possibly going to require legal action or law enforcement action. There are many issues but the 3 three the 'geek' provides are essential as the first moves, along with follow-up on the 3 I mentioned. Post purchase surprises can be both disappointing and expensive.

[@Live-Life-Freely]

U.S. regulations on buying and selling property is intentionally convoluted.

[@rickw7903]

Duh...like most laws in many places. That makes work and money for lawyers. But that's not what this video is about.

[@AZERIK72]

Spend some money and use a title company in that county, all of these issues are solved by obtaining title insurance. Let the professionals do this, I see people get screwed all the time by trying to research these things themselves. If issues come up regarding the title, your title insurance covers you.

[@Zizzyyzz]

AzErik72 Yeeup.

[@writtenbyrharrison]

Thanks AzErik! As a independent filmmaker I want to use rural land for back drop for movies I plan to make like westerns etc. Also I know since I live in Nevada that I must work through the Nevada Film Commission.

[@emilycunningham8125]

@@writtenbyrharrison What a great idea! I wish for you success!

[@PlasmaBurns]

The biggest mistake I made was thinking it was possible to own land. Stop paying those yearly rent payments called 'property taxes' and you will see which private bank owns "your" land.

[@monie948]

property taxes are like any other tax, they go to the infrastructure and things of the city, county, or state. you wouldn't say that about employee state taxes, would you? no bc you know it's going to the infrastructure (and other things)

[@scottsmith4145]

Not the bank,,, the county. Assuming you've paid the lender back in full. But yes,, as long as you are required to pay taxes or lose the land... You don't really own it. The county does.

[@unnanointedonesufi]

@green rushrelief was it really about that

[@youngprince716]

Motorcitymadman nothing changed for blm. U paint blm on a few streets but racism is still alive everywhere... great comparison

[@youngprince716]

Scott smith don’t you always have to pay taxes on land. even vacant land lollol

[@djdeskontrol]

i watch, i learned, i liked..

[@VideoMenu]

+djdeskontrol - I started watching, then noticed the transcripts. Much faster. I like even more. :D

[@pn3940]

and did you buy?

[@monie948]

I watched, I learned, I done

[@Cotronixco]

Thank you for taking the time to post this great information.

[@gaminganime644]

I was looking to buy a piece of land and this video really helped alot ! thanks for sharing man!

[@lisacampbell9601]

1. Make sure sellers actually owns the property. 2. Call planning and zoning to make sure what you have in mind for the property can actually be done. 3. Make sure there are no back taxes on the property.

[@sonyagriffy]

Exactly what I was looking for. 1. Who to ask. 2. What to ask. Now I know. Thank you for sharing.

[@PawsAndProfoundFacts]

Fantastic video Mark. Thank you for all the information. Looking to buy land soon so everything you said was great.

[@LandAcademy]

Great video, Mark! Thanks for sharing your experience, knowledge, and insight with us.

[@MrTackleberry79]

if you are required to pay a reoccurring tax on something or you loose it, you don't truly own it.

[@sam3d]

Tackleberry Eugene are there states where you can buy property and not pay tax???

[@Vanlifecrisis]

Some states offer exemptions from the tax if you meet certain criteria, like over 65, disabled military, widowers etc.

[@andrewbarchenger2010]

@k johnson 1) There are IRS deductions you can get based on the property taxes you pay. You'll need a good tax person for that. 2) As far as not paying property tax at all, it varies greatly by county in the state in which the property is located. More rural counties with low income neighborhoods, may offer an exemption but there's regular paperwork and it can be hard to keep up. Many counties offer a short-term reduction based on certain criteria. You can be disabled for example, but if your income is above the poverty level you may not qualify. Contact the county agency you pay taxes to - usually the assessor. Keep in mind that if property values rise, they may retract the discount or exemption. Set money aside for that.

[@josephholdman1037]

Or someone else stole it!

[@lindalai9092]

How stupid

[@ArtsyLadyCrafter]

Very nice video! Pleasant smile and personality. Easy to watch and understand. Thank you for the critical pointers. A wealth of info at YT, and I appreciate it.

[@balloney2175]

You are God sent to buyers. Thanks for the effort. I caught a lady lying as she posted her picture as owner of a property advertised on Zillow. I checked the county appraiser and made a search and found out she is lying.

[@pendejo6466]

Thanks for the knowledge Mark!

[@CookingFor1]

You are very knowledgeable. Thanks for sharing!

[@WCGwkf]

great advice. I've caught glimpses of these things while browsing listings. some do say it's clear of taxes gauranteed but the county has all the answers you're looking for. the county I live in you can look at every single parcel of land online and see the owners name and taxes owed and even their purchase price

[@SayWhat336]

This guy is straight to the point and really insightful

[@johnleebass]

wow! very informative! i had no idea about these things to look out for. thanks so much!

[@henryp7416]

Thank you so very much Mark for making this video. VERY informative!

[@mellisamaddox3804]

Thank you for getting straight to the point!!! Appreciate this info

[@jorgemercado5750]

Thank you for this information, you got a new fan today.

[@basavarajpattar6578]

It's an info that I can't far get in my life, it'll remind me while purchaseing property. THANK U SSSSSO MUCH

[@hellrazor425]

I hardly write comments, your informationbwas veryhelpful. Thank You.

[@moomman89]

Thank you.Very insightful.

[@dianafleur2814]

wow! never think in that. I'll share this with my sons. thank you.

[@kmacradio]

You never even mentioned "Title and Escrow" companies that will do all of that and more, for a buyer, and offer the buyer title insurance. Strange video. No one should ever buy "any" real estate without running a title search. It's money well spent!

[@Zizzyyzz]

KMAC Radio I agree. that's the Title Company's responsibility.

[@paizley11]

Absolutely should use a Title & Escrow company and get title insurance as well. Unless one's money means very little to them.

[@clayholliman3724]

Yep their doing that on my land now and its taken as of today 36 days and i still aint got paid ...pissing me off im ready for my hooker and cocain

[@7SeventhFromAdam]

Thanks for sharing these pointers. Great job!

[@RoadsToLiberty]

Awesome tips, I took notes and will be following all three points when I buy my first plot of land.

[@butterflykisses6842]

Roads To Liberty hello did you ever buy your plot of land

[@kennethwright8108]

Very informative video and I'm a new subscriber! Thanks.

[@zulemaflores8796]

THIS IS GREAT INFORMATION. THANK YOU. I'm about to purchase my first parcel, but I will certainly do my research and make phone calls. Your AWESOME! Again Thank you!

[@Elizabeth-yg2mg]

Thanks--very helpful! Subscribed.

[@skylane1829]

Thanks for the heads you. The wife and I have been looking into buying some land in the future too.

[@dixieoutlaw4x4]

awesome vid thanks so much for the heads up! I'm sure you have saved us thousands already!

[@chriswilder100]

Thank you. This helps me a lot . Im looking for land right now and would have never thought of these things.

[@roofingcompaniesct1930]

Great tips on buying a building lot for a new home, Thanks, Mark....this information will be very helpful once I decide on what parcel of land I will be placing a bid on...thanks again.

[@callys238]

Thanks for making this video!!

[@johnickel2593]

I’m looking to buy property and this video was very helpful and informative. Thank you for making this video.

[@RealfirstAu]

Some things to always watch out for!!

[@larynOneka8080]

This video was extremely helpful. Thank you.

[@MrJoseluis53]

!Awesome Mark, yeah , I would like to know the 7 more mistakes, people make when buying property. Thank You.

[@MsCony79]

Very informative! Thanks. I am a single mom I have little savings and I want to buy land to eventually build a modular home or mobile home. I don't want to lose the little money I have. I need to keep learning before investing my money.

[@viking8781]

Awesome video man. I never would have though to check on the land tax status

[@standtallvets5386]

Great Job Mark!! The only problem I had was no county recorder at all on the NACO website.

[@workwillfreeyou]

Great advice Greg. What pointers could you give in today's market to search for undervalued properties? Please! Thanks. This us open to everyone.

[@ModelLights]

Came here expecting 3 tips like 'don't buy land inside an active volcano' and 'don't buy land on top of a toxic dump'..

[@vincestahl3554]

Great info. Well said. Thank you.

[@jayjaynezmerize6774]

Wow! Talk about a clear & concise Delivery... I'm In!

[@eddiealvarez2428]

Great Job, Mark Podolsky. thanks for the Heads up!

[@jimplatter6179]

Thanks for the information on the 3 things to look for before buying property.

[@rusty1187]

Damn!!! Good stuff here! Lots of things to consider ! Thanx for the heads up on these things!

[@missmamtube]

Thank you so much and Blessings to you and yours!

[@rubita9344]

Thank you so much. I thinking of buying land and I didnt know these things.

[@Blackberie]

This is GOLD ADVICE!

[@monie948]

yes but real estate agents usually do all of this work when you hire one. they already know some of the answers by going to the county building as well as they help the buying and selling of houses in the area you are trying to buy in, so they know what you can and cannot put on that lot.

[@HobokenSquatCobbler]

@@monie948 Real estate agents don't bother with small plots of vacant land.

[@SuburbanPreparedness]

Great video, wow. I shared it with our real estate agent. Thanks.

[@user-ld2ee2bw2b]

thank you for video, I am planning to buy long distance buy end of year. very helpful

[@sss-ce2nz]

OMG YOU ARE VERY USEFUL - THANKS FOR PASSING THIS INFORMATION

[@fineechika5091]

Very good information to know thank you land geek for sharing

[@koagurl]

Thank you so much for this video! 🙌

[@deerhaven3350]

Good basic buyer information. Would never even bother with a property I haven't verified all information with the county first.

[@sidhacini2120]

Absolutely terrific video! Great stuff

[@sethcoon4321]

Never let a seller rush the sale because its "just land" and there's no inspections. Christmas realty in camden ny sold me land using a survey map that the knew to be inaccurate. The shared road was marked wrong and it's really more of an easement. Very shady company.

[@notpoliticallycorrect]

Super information. You are a good man!

[@saba6476]

Thank you so much for this valuable info.

[@teemareedotcom]

Thanks for this great information, I really appreciate it

[@aavergara8589]

Watched this video just in time .. 😅thank you !! 🙏🏼

[@carolj4387]

Very informative. Thank you!!!

[@DinastiaDragon]

Thanks for this video & the explanation

[@MaggYela]

Wow! Thank you, taxes I didn't know, some I did, but you are awesome thank you!!

[@rawmark]

Excellent tips. Thank you very much.

[@mommaawareness]

Thank you Mark. Great! true, factual information. You are Appreciated.

[@skyvanvolkenburg2207]

Very helpful. Thank you so much!

[@loraandreahinds4330]

Thanks Mark for those great tips!

[@jr3474]

Great info...Thanks for sharing

[@shahjohnsarwari1978]

Thank you very much for your help and your information to share with us, God bless you

[@bobagee4611]

very helpful and relaxed presentation!

[@elizabethdeapen7390]

Great tips - shared your vid. Thanks!

[@clarencemoore8214]

Thank you for the advice, I am in the market to purchase some land and I have had interest in some land being sold by a realtor company very popular company but I don't wanna assume anything so what you are advising is a great rule of thumb to follow.

[@mahal9394]

Thank you! Very informative!

[@thomv2118]

Thanks for totally valuable info!

[@nickilovesdogs8137]

Thank you for that important information. Property tax is simply governmental based stealing from residents.

[@kencarpenter1363]

Or its a way to take care of infrastructure, police and fire as well as all the other things to make a community worth living in.

[@mysterybuyer3738]

But the police waste the money. They buy SUVs and stuff they don't need.

[@pre1980cars]

To a point yes, but theres plenty of fraud and abuse. You cant live in a community if taxed out of your home

[@n.m.1850]

Thank you Mr. Mark! God bless you.

[@JohnSmith-tw3rw]

Good presentation. No silly music in the back ground steady voice and no talking down to people like a know it all.

[@josephholdman1037]

😆😄🤣😂🙃🤯🙄🤐👍💪

[@lashtengiala5857]

Awesome advice! Thank you!

[@achyutakrishna]

Very helpful suggestions. Thanks. God bless you.

[@laurmartin341]

thank you so much for this important information !

[@DrWeird-ek8ds]

All good advice. It would wise to become familiar with running title at the county clerk and recorders office if you serious about purchasing properties. If you can trace the property from present to inception (usually when the federal government deeded it to a private owner {depends on location though, think 13 colonies}) then you will know exactly what you are buying. Most landowners don't even know exactly what they own; i.e. if they have mineral rights or if there are encumbrances on the land. Becoming familiar with running title, while it is a lot of work, can save a lot of headache down the road.

[@SPCBOE]

As a new investor, thanks for this great video

[@SriRam-yq4id]

Great Video and thank you.

[@kyarimaresuki]

Some of this may be confirmed without calls but looking online, starting with your property appraiser site. What they have varies from county to county, but they're often useful for zoning, tax information.

[@tomboydru9692]

Check with the planning/zoning department (planner) not the commission. As the commission's only role is to vote on discretionary projects that planner's bring forth. It will be planners who know the zoning ordinance and let you know what is permitted, what requires a conditional use permit or what is prohibited.

[@norrisb0616]

This is so very good information to know. I want to buy land in rural Wyoming to build off the grid and I appreciate the knowledge thank you so very much!!!

[@franklinquijote4607]

Thanks brother for the info. that makes me smarter and more safe to buy a property.

[@carefulconsumer8682]

Excellent! Thank you.

[@ajboscan6711]

Thanks! good advise and very calm and peaceful speech. My wife (who doesn't speak english) told me if I was doing guided relaxation 'cause of your peaceful voice...jejeje

[@ZS6JMP]

Begging government for their blessing to do what you want on your own property. What a joke.

[@roostercogburn8700]

Which is why I dont.

[@overbuiltautomotive1299]

amen

[@sometroii6561]

Makes sense to me, I don't want someone buying land next to my home and putting a smelly water treatment plant there, so I want to buy a home that's in a residential zoned area.

[@joshleon8408]

The government is the ultimate owner of the property. Stop paying property taxes and you'll see who the real owner is.

[@domesticwarrior2916]

@@joshleon8408 lol

[@swaeleetoo4042]

Thank you I’m glad I come across your video.

[@joeblowblow2818]

Thanks Mark. Very helpful.