How To Buy Land With Low Or No Money Down | HELOC or Land Loan

[@Motivation66667]

*I am a Real estate agent in Florida and I get many questions about buying a land . Thank you for detail explaination to buyers , it us very helpful and great video ! 👍🏻*

[@brandon-built]

Thanks so much! I'll continue documenting the process to hopefully help others with the build portion as well.

[@PreacherDan]

See! I could’ve used info like this in high school, but noooo they taught me calculus, and Spanish, and arts appreciation. Wastes of time.

[@masterpringle9434]

Spanish is useful but the 2 of the rest is a waste of time.

[@the_Falcon_fall]

If you know spanish then you will do friends and u´ll be interested about your friends culture, history and arts, if you have right friendships you will do well in business. Don´t underestimate what you have learned, there are a millions of people in this Earth that would never take a step into a place to study. I do understand your point, but remember: first friends and general knowledge then business. Business is just a game is not dat important. Just a game, that´s all. Oh! almost forgot: Que tengas muchos éxitos y amigos, diviértete que la vida es un juego.

[@oreh424]

If you learned calculus you might be able to buy land

[@PreacherDan]

@@oreh424 🤦🏻‍♂️ um sorry. Calculus doesn’t teach the ins and outs of buying land.

[@jlawrencewat]

Honestly, all of those things are important, lol. If you know calculus you can learn a better budget. Spanish is very useful in business, and art appreciation teaches you that the value of things will usually appreciate.

[@GTOYMPodcast]

Really interesting video, I've never considered buying land! My dream goal is to build a house and it seems more obtainable with your advice. Liking and subbing!

[@brandon-built]

Thanks! It's one of my dream goals too and I'll be documenting the whole process.

[@kaygee9205]

I’m 22 years old from California, found some land 2hrs away from LosAngeles I’ve been saving up so will be able to actually purchase it in cash if I decide to go for it it’s 10acres , but I’m first in my family to purchase land so I have many questions and don’t know if I am doing the right thing 😭 I wish I had more friends with land etc. Wish me luck guys 🤞

[@makesaveinvest1401]

You have vast knowledge!! Contacting 6 landers gave you a much better idea of what to do and how to behave!! Having more options is better than fewer!! Thank you for sharing Brondoman!!🏡

[@brandon-built]

Thanks 👍

[@jfrealestate201]

Create video never even considered buying raw land before this didn't realize how different the process definitely subscribed.

[@brandon-built]

Thanks! It's been a great learning experience and I will continue to share the process as it unfolds

[@alanmelendez2633]

This is super helpful! Not only is the information there but the way you explain it is great! Thanks Brandon, for your videos! I’m beginning my home buying journey and I’ve stumbled upon your great oasis of info. Subscribing and linking right now.

[@brandon-built]

Thanks for your kind words! Let me know if you have any questions along the way.

[@anthonycotterfinance5094]

Really interesting. Not all of the options available in the UK but makes you realise that there are options out there. Thanks for the video!

[@brandon-built]

Interesting, I'm curious what finance options are available in the UK since I suspect there might be less land still available there!

[@anthonycotterfinance5094]

Brandoman Investing to be honest I don’t know. But I’ll have to check it out.

[@TimLeakOfficial]

Great video Brandon. New sub here. Love to support up and coming channels with great content. 👍🏾 💯

[@brandon-built]

Appreciate it Tim!

[@conlardmbatina9588]

Your videos are so helpful , it explains each details on how to go about it

[@brandon-built]

Thanks 🙏 I appreciate that.

[@GrowingFinancially]

Wow, this is great information, Found this so useful. As we are looking at all buying options for hopefully having our own home in the next 2 years 😀

[@brandon-built]

If there is land available in your area then building a home is the best way to get exactly what you want, but takes patience and careful planning. Good luck!

[@GrowingFinancially]

@@brandon-built Thank you very much 😀

[@financiallift6185]

Local credit unions are a great resource in general on top of buying land. Great video!

[@brandon-built]

Yes they are. I hadn't even considered joining one until I needed this mortgage, but now I have a go-to lender for future real estate investments.

[@bradleydosch8884]

That's pretty interesting. Have you considered renting out the land to mobile homes, campers, etc? Maybe save the "hassle" of building

[@brandon-built]

Yea definitely, but unfortunately Lake Tahoe area is super strict about that stuff. It is super expensive to build there, but upside is that short term rentals are booked year round and can command $500-700 a night.

[@bradleydosch8884]

@@brandon-built Oh makes sense. I'm sure that area does great for short term rentals

[@SunsetnMoonrise]

Thanks for your video, very educational. May I ask which builder did you use? I also live in SF Bay Area. Thanks!

[@brandon-built]

You're welcome!

[@TheMoneyX]

Very interesting! A buddy of mine owns land upstate NY I forget you can buy just property there doesn't have to be a home there already haha

[@brandon-built]

Thanks! I was initially looking for an existing dwelling for my investment, but I just couldn't find anything that didn't need tons of work anyways so I decided to build from scratch!

[@fireitinmyhole]

Thanks I never thought about using a HELOC to buy land. That's a great idea!

[@brandon-built]

No problem, I wish I could've used one to buy my lot!

[@Real.Estate.Report]

Good video Brandon, I’ve never done a land acquisition but have bought a SFR to tear down so I guess that’s about the same idea

[@brandon-built]

Thanks! I'm hoping it's all worth it in the end. You have some great content on your channel!

[@NathanHQ]

Hey mate...just found your channel....Great topic. Land is so valuable. Great breakdown mate. Thanks for sharing ...keep in touch...Like 27 mate🙂 happy to support

[@brandon-built]

Appreciate it mate! There's only so much land out there, especially in desirable communities.

[@AaronHope_Sow]

Thanks Brandon. I'm curious why you don't recommend paying for the lot in cash?

[@brandon-built]

I figured most people wouldn't be in a position to be able to pay all cash, but I'm not against it by any means

[@StanWithaPlan]

This is a great breakdown Brandon! Not in a position to buy land myself YET but it's good to know that I'll be ready for it :)

[@brandon-built]

Thanks Stan!

[@SSWAGITTARIUSS]

You have clear, concise and for informative advice!

[@brandon-built]

I appreciate that!

[@JoseRojasYT]

Very good Tips Brandon, I have never considered buying Land but surely looks interesting. Keep up the Great videos

[@brandon-built]

Thanks for watching!

[@delladearest2511]

Great info, thank you ❣️. We cannot get a HELOC because we live in a manufactured home. Are there other options?

[@brandon-built]

A land loan might be your only good option besides buying with all cash. If the land is cheap then an unsecured personal loan could be an option.

[@delladearest2511]

@@brandon-built Many thanks for your quick reply!

[@brandon-built]

@@delladearest2511 you're welcome!

[@thewongmindset451]

Nice info. Great to know things to watch out for when buying land 👍

[@brandon-built]

Thanks!

[@EasyWealthBuilding]

That's another way to invest in real estate. Nice content!. Thanks for the tips. Big like 9

[@TheOliviajules]

Great vidoe! I'm thinking of buying at least 4 acres so I can subdivide and sell off 3 acres individually 1 each to come up with the money to build my home. Suggestions for this idea please!

[@brandon-built]

It's a good idea in theory, but you need to be 100% sure that you are allowed to subdivide the parcel and sell off the newly created lots before you buy the land. You also need to make sure that there is actually a market of buyers that are looking or will be looking for lots in the area. If you purchase that property and come to find out that you can't execute your plan, then it may be very hard to re-sell that lot and get back what you paid for it. Good luck!

[@TheOliviajules]

@@brandon-built how or where can I find if this 4 acres can be subdivided? Also, how do I figure out if there are buyers looking in this area? It is a upper scale urban area that's being renovated.

[@brandon-built]

@@TheOliviajules ask the local county zoning department directly about subdividing the lot.

[@njminvesting2783]

Very informative video man! This is the type of advice that I've been looking for and can be really useful in the future for me! Thanks for posting this. Liked and subbed!

[@brandon-built]

Thanks so much and welcome to the channel!

[@yadicarlos8500]

This information is just what I was looking for, thank you! Could you provide some recommendations regarding specific design build companies? Or how you found them in your area? I’m researching for Riverside county in Southern California.

[@brandon-built]

Houzz was very helpful as a starting point to find a list of the builders in your area

[@BellydancerMaliha]

Thank you, I subscribed! This was super helpful.

[@brandon-built]

Thanks for the sub!

[@RyanDinz]

Best of luck my dude! Just subbed, very informative!

[@brandon-built]

Thanks, appreciate it!

[@LalaMama272]

Is this same as lot loans? Meaning planned development? Can sit on it for years before building. So it’s planned development and land is ready cleared and prepped…

[@brandon-built]

Land and lot loans are the same thing. Land doesn't need to be part of a planned development to be purchased with a land and lot loan, but it does have to be "buildable".

[@stuff_i_liked1815]

That’s cool. But the chances of me having 70k for down payment is extremely doubtful so I gotta bring those numbers way down

[@brandon-built]

Thanks for watching. That's why it's good to set a budget up front so you can work with what you have. Definitely don't want to stretch yourself buying land.

[@Bladerunner55217]

So the land needs electricity and water? I thought you said undeveloped. I’m looking at Anza California and I have a travel trailer I would be living in it until my trucking business has been in operation for a year. The available land I’m looking at are just under 5 acres for 60,000 and less. No utility. Is there any way you can lead me in the right direction in regards to getting a loan? Thanks for your video and your time. Tony

[@JessieOpportunityCostInvesting]

Step aside Brandon Turner, there's a new Brandon in town! haha! Thanks for sharing Brandon....like button DEVASTATED!

[@brandon-built]

Thanks Jessie, I just need to work on my beard a little bit!

[@MD-kq7wz]

how did you find builders to get quotes from?

[@brandon-built]

You can use referrals and sites like Houzz, Yelp, and Google to find builders in the area who can give you an estimate for your general plans. I'll make a video explaining how to choose an architect, engineer, and builder soon once I get farther in my own process. Thanks for watching!

[@mindleaves]

Very insightful video Brandon! Makes a lot of sense! Thanks for sharing! Subscribed :-)

[@brandon-built]

Thanks!

[@lukas-vastgoedinvesterings7724]

oh wow, I just happen to come across your channel. thanks for the great content! you should get your content more out there!

[@brandon-built]

Appreciate it thanks!

[@julioq9172]

Awesome Video!!! Thanks for all the info!

[@lacuitezz2920]

my husband is a builder, we just finish build our tiny home that we put on parents property at this moment, we planning to buy cheap land to put our tiny home, but its hard to get loan just to purchase the land it self. shall we just sale the tiny house n get loan to purchase land + build the new house?

[@metalhead2023]

Im getting ready to apply.the lot is 220,000 i need get loan first to pay owner then i will get construction loan with same lender.any advice?

[@matteoayala8756]

What do you mean when you said they use your house as collateral, and is it good or bad?

[@WagnerSaucedo]

Very informative man! I will be sure to use these tips once I'm ready :). Just smashed that like button and subbed for more :)

[@brandon-built]

Awesome. Appreciate the support!

[@corbana2055]

But how do I get land with no money down. And no collateral. I own nothing the cost of living is too high for me to save so I’m trying to buy land to put my rv on so I can save to have a house built.

[@brandon-built]

Only way to get land with no money down is with a home equity loan or line of credit from another property. Otherwise land loans require at least 20-30% down

[@ericrobinson4644]

Amazing video!! Thanks so much 🙏🏿

[@mlee9049]

Hi, what do you think about using a business line of credit to purchase the lot?

[@gmm1904]

Why not pay cash for land if you want to build the home later ?

[@Zero-tn8yg]

Has any of this changed as of 2021? Also, are any known updates coming in 2022?

[@FrankMularcik]

Great explanations Brandon! I learned a lot.

[@brandon-built]

Glad it was helpful!

[@3JBCel]

Great video! really entertaining! keep it up with your work! stay connected with you!!

[@ginutan7149]

Like no 25 How to buy land with low or no money down,very awesome teach my new friend,i wiil help you fully I am from Indonesia

[@vamoradio]

Very nice video. Glad to support your channel, will be coming back for more. New subscriber💕

[@SmuktoCooking]

Wonderful my friend. I'm happy to see your video. New friend here sending my full support

[@millieking2408]

$300/sqft?!? Is that normal for building or is it your location? What area are you building in, if you don’t mind me asking

[@brandon-built]

It is low for a custom home in Lake Tahoe. The bay area and LA are going to be $$$ as well since land and affordable labor is scarce. You could build a tract home with builder grade materials in the suburbs for a lot cheaper.

[@colemaster1345]

So did u get a loan from a bank or did u save up 100. Yrs to do so

[@brandon-built]

Land loan from a bank

[@jdsartre9520]

your other vid is private. i want to watch but cant

[@deewh1901]

Do you work with people on this system to help them master it

[@aaronjaggers3117]

That was awesome thank you

[@toysbrickplanet8036]

Nice video,enjoyed watching, thanks for your sharing:)

[@brandon-built]

Glad you enjoyed!

[@noahriding5780]

Which banks or credit unions specialize in land only kinds of loans?

[@brandon-built]

Usually the locally based banks and credit unions are the ones willing to underwrite land loans for land located in the same general area as the bank.

[@noahriding5780]

Thank you.

[@auntiesmarket4334]

Starts at 3:10

[@Simalevlog]

I can’t do mortgage or interest is there a way to buy it?

[@brandon-built]

Cash or borrow against other assets like stocks. Not much else you can do.

[@niadomiofficial9905]

Very informative video!

[@shopcrate5687]

Can't you get equity out of the land you own to build your house

[@MichaelMusic357]

I enjoyed watching your video.!!. Likee👍👍👍

[@oliverfrivas]

Great video. Ty

[@AyooBudd]

I Want To Build A Home But My Credit Is Horrible 😩 How Can I Buy / Get A Loan With Bad Credit 😭

[@brandon-built]

It's going to be tough with bad credit. Unless you already have a ton of cash, then you're probably best off saving and building your credit until you're in a position to build a home.

[@davida.samanay2922]

Thanks bro!

[@brandon-built]

No problem, thanks for watching!

[@EmosNotDead]

"devastate that like button" 🤣

[@brandon-built]

🤘

[@jenniferoviawe]

I forgot I have land I just hate that it's restrictive.

[@brandon-built]

Me too

[@يومياتاممحمدواولادها-ص5ل]

Keep it up👍

[@KhalidAkiraYt]

Thanks for sharing today's video, .....how happy ....if you can take the time too to my activities today :) :),,

[@SAULITO_RE]

I want to build a home so bad but I’m in Southern California

[@brandon-built]

There's a lot of vacant land down there

[@premanshibuya]

Cool Fully support :)

[@bigj7807]

Brand are you available to a email ? I have questions about the process.

[@brandon-built]

Yup, [e-mail]

[@stevenhoward1154]

Hey 👋 new friend. I think your comment on my channel showed up as spam for some reason 🤔 Anyways thanks for watching. New sub to your channel and great video here. I am wanting to get more involved in real estate so this is truly helpful. Full watch here 🤠

[@brandon-built]

Ha weird, thanks for letting me know. Glad to have you and thanks for watching!

[@Simonsaysboxing]

A HELOC is not a home equity loan. It's a line of credit. Does your credit card bank loan you money from your card?

[@brandon-built]

Pretty sure I said they can be used for the same purpose, not that they are the same thing. Been a long time since I watcved this video though

[@ze_german2921]

Dont get HOA unless you want a 2nd party to have legal leverage against your property for the entire time you own it. But you might be a neurotic type of person and call the HOA on your neighbors that they left the garden hose out.

[@brandon-built]

I would never build in an HOA

[@sleepersix]

they are 9.5% now

[@brandon-built]

That's the risk with HELOCs. Home equity loans may be the better choice in this case since they are fixed.

[@skafridixz9796]

Waw, very nice video, new friend here, let's stay connected, I'm also done.

[@brandon-built]

Appreciate it!

[@wizdomthasoldier3103]

Landopoly 🤘🏿😶‍🌫️

[@brandon-built]

Thanks for watching 🙏

[@billlumburg7594]

👍🏽

[@chriscummings9491]

Most ppl don't have 70k saved up for a down payment

[@brandon-built]

The info in this video can scale up or down with budgets in whatever markets people are looking in.

[@Get19Money]

Dropped Jewels

[@ledagsilva]

Hello good afternoon! Great job, congratulations on the video. I invite you to know my work too, ok? I'm already signed up, I'm waiting for you. Thank you!

[@gamingwiththegrangers]

Nice vid! Sub from me 😊

[@DavidSmith-fz8ju]

I,d make a comment but I seem to be shut out no matter what I w

[@southtexashometours6809]

its expensive, they wll destroy you with 2xs closing fees and sky high fees!

[@bradybirge616]

Bro you look just like me this is weird.

[@brandon-built]

Maybe I am you

[@helo4366]

LETS GO BRANDON!

[@B.Ritchie1974]

Not helpful at all because I'm not building a crappy normal home!

[@brandon-built]

Me either

[@felionrobinson698]

Sounds like debt debt debt

[@brandon-built]

It is mortgage debt. Nothing is free.

[@MainYotubeacct]

So no land for free you should change your title 😂

[@brandon-built]

No money down is definitely different than free. Nothing is free. These options all include a debt that must be paid.

[@MainYotubeacct]

@@brandon-built no money down read that wrong my bad

[@brandon-built]

@@MainYotubeacct no worries!

[@djkilpatrick5256]

940k budget? Be nice to have some real middle class numbers. This video isn’t for the average person

[@brandon-built]

@@djkilpatrick5256 process remains the same regardless of budget

[@will_of_europa]

Good lord this guy is a sociopath