How To Value Raw Vacant Land (20+ years experience)

#WholesaleRealEstate #RawVacantLand
Yo! As I said in the video I get asked all the time "Jamil, how do you value raw vacant land?" well here is the answer! The main key is understanding the difference between infill land and outskirts land. Once you have the percentages of those down you got it! If you have any questions leave them for me down below. Make sure you subscribe to my channel!
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[@ThatDAPTV]

Thank you for getting straight to the point. Other videos on this topic are 1hr - 4hrs of rambling. 👏🏽👏🏽👏🏽👏🏽

[@kriswittak6890]

I should have guessed before searching that Jamil would have made a video on this topic 💯

[@JUDITHPETER-xv1sp]

Thank you for these great and educative content,extending period will do good in securing a contract.

[@staceypagan993]

Hey Jamil, I've been kind of nervous about stepping into Land deals. Thanks to this video, the fear is gone. I love the way you teach, explain, and share your knowledge with clarity and straight to the point. Subscribing now!!

[@nissiaget2itacademy569]

Yes love Jamil

[@jamildamji]

Make sure to subscribe to my channel!

[@ciaracorr6015]

great stuff as usual

[@MrHartApart]

Haven't gotten to think of the term ABSTRACTION VALUATION since school. I got one coming up tomorrow, so it'll be fun to do my detective work! Thank you.

[@TravelHall74]

I need everyone to not do land deals because I want all of them for myself thank you for reading.

[@Yungcashregistuh]

Everyday new deals open up theres always plenty to go aroumd

[@blacklabelgrouplove]

I really appreciate your helpful videos and positive spirt. Thank you for sharing.

[@jamildamji]

Thank you so much! I’m glad you find the videos helpful and enjoy the positive spirit. Your support means a lot, and I’m happy to share. Stay tuned for more content.

[@rudycarlos9410]

Jamil, hope you're doing well. Thanks for this awesome information.

[@notmychannel4u]

Great tips!

[@jalabi99]

Zoning near bit me in the butt on a recent land deal. Good thing I checked the zoning before I put it under contract!

[@bhuber77]

Can you elaborate?

[@karwanbyaamirirfan7768]

Informative video. You provided a lot of information in a short period of time. I learned new things today from your video. God bless you ameen.

[@gavinmiller473]

I just found your channel and immediately subscribed. Love what you are doing. Big thanks! I found a vacant lot on the outskirts, but it's landlocked so it's listed low and the agent already said they would negotiate. If I can get easement access for little cost, it might be a great deal! Any insight on this?

[@massagekevin7]

Thank you Jamil! I've been winning bids at Tax-Lien auctions and closed on a couple of good in-fill lots. Had no idea what they should be worth! These are not in big cities, so I think I'll adjust your % down a bit. This general standard percentage is a big help, thank you!

[@jamildamji]

Glad this video helped you Kevin! Thanks for the comment!

[@shounakchatterjee1823]

@@jamildamji Sir i have one question to you that how much downpayment will have to pay to a developer for JV land deal ?

[@bhuber77]

Any updates?

[@nissiaget2itacademy569]

Can you send me some info on how to go to tax lien auctions thanks in advance

[@rawjapanart]

Hey Jamil, informative video. Would you recommend minimum 3 months for inspection time?

[@creolebro]

Thxs for the clarity Jamil...Q: what do you use as the location when you go to property tax office to find the owner I fo?

[@mikejr1152]

Thank you Jamil, this content is such a gift. I have a question; what if you are the seller of the land and don't know what type of structure will be put on the lot after being sold?

[@Mona-fd5kf]

Thank you Jamil. My piece of land is a road that was never completed. It is between homes already established. Some of the owners have their fences budded up to the vacant lot and would like to buy it, however I don't know if it's worth going through a realtor. (Calif)

[@oscarrobertson2257]

Great content as always . So if a property in a subdivision is so beat up that it's a teardown. We would want to contract the property @ 1/3 of what the ARV would be & also subtract additional cost for the teardown & cleanup ?

[@IndieBassJA26]

Wanting to know this as well. Did you find out elsewhere? Thank you

[@benhansen9464]

What about valuing land that already has entitlements and preliminary approval with the City?

[@wydrif]

How can you locate vacant land on propstream or in general, if you don't have an address but you have the lot number and street its on?

[@theeverythingchannel1099]

2:06-2:09 Did you say "super hairy and chocolaty?"😅😂

[@Tia_Tonae]

lol I was almost done but had to rewind just to hear it 😂

[@MattSmith-pg2kx]

Does the 15:to 20 rule apply even out in the middle of no where say up in the mountains 20 miles from any other small town?

[@aaronturner2694]

Please do a Zoning and Density video!

[@jamildamji]

I got you!

[@aaronturner2694]

@@jamildamji you’re a beast! So much value in every video. Thank you!

[@shounakchatterjee1823]

@@jamildamji Very useful video sir, am waiting to see a nother video like this on zoning and density

[@livingthedash6727]

I currently own 3 acres. Land is being built up like crazy. Development nearby has homes starting at 400K. House and land are paid off. Been offered 1M and said no. Bought more land nearby on a corner lot, new homes being built, might sell that for the right price. Maybe 45-55K.

[@realestaterod2557]

Great content JD...What about a property that has a house? I've got a 3/1 stick home that needs alot of love on 41 acres.

[@jamildamji]

Hi! Thanks so much for watching the video and supporting Jamil's channel. Jamil Is very busy and doesn't have time to answer every question, but if you join the FREE Astroflipping FB group the Astro members would love to help you with an answer. facebook.com/groups/astroflippingpublic/

[@theworldisyours2241]

I am looking at 2.8 acres of undeveloped land , that's may be good spot to put a house on. Can I just rent equipment and do my own land clearing, or it has to be done by a contractor?

[@sikskillz2186]

awesome info, i have land that is infilled in the city, but the homes aren’t new. would i just find the average for sale of the properties around and do 20% or is their a department i can contact to do an appraisal?

[@jamildamji]

Hi! Thanks so much for watching the video and supporting Jamil's channel. Jamil Is very busy and doesn't have time to answer every question, but if you join the FREE Astroflipping FB group the Astro members would love to help you with an answer. facebook.com/groups/astroflippingpublic/

[@southcarolinarealestatewit1329]

Great video! Im interested in raw land. What platform would you recommend to pull data? What are your thoughts on Datatree. What's your preferred mailing system?

[@jamildamji]

Platform for Raw Land Data: Consider DataTree, LandWatch, or Land And Farm. Thoughts on Datatree: It's known for comprehensive property data, including raw land info. Preferred Mailing System: Options like Click2Mail, Sendoso, or Yellow Letters Complete can be effective for real estate mailers.

[@Khailsworld]

What about vacant land that is in the outskirts and is classifiedas unbuildable. This land will be used for purposes. What would you say way to go by putting a value to that

[@jamildamji]

Determine intended use, assess market demand, consider access and location, check zoning restrictions, review comparable sales, evaluate natural features, and consult local professionals for fair value of unbuildable land in the outskirts.

[@SLSTRATTON1]

How do you find out the value of a property that hasn’t been built yet??? 1/3 of property value…

[@vekngong8044]

Do I have to use a different contract for wholesaling vacant land ?

[@jamildamji]

Hey, bring your question to Wholesale Hotline Live in my KZbin channel every Monday, 5PM MST. Brent, Pace and myself would love for more people to benefit whenever we answer questions about wholesaling and real estate investing!

[@yumyaml4934]

What to do if I bought one vacant land class as non profit what I can make money of it thanks

[@jamildamji]

Community gardens or urban farming. Educational workshops on gardening or sustainability. Green space development for recreation. Art installations or community events. Partner with local organizations. Environmental restoration efforts. Engage the community in decision-making.

[@babamadeit9281]

Any idea how I can use my vacant land in yucca valley ca, worth about 25k as a collateral for a down payment to any sort of real estate investment ? Any loan company I’ve hit up are looking for the minimum value of 50k in land. Thanks a lot

[@jamildamji]

Here are some options to use your $25k land as collateral: Equity Partnership: Find a partner to meet the $50k requirement. Private Lenders: Look for private or hard money lenders. Collateral Pooling: Combine other assets with your land. Seller Financing: Negotiate with the seller for financing. Improve Land Value: Make minor improvements to increase value. Creative Financing: Consider lease-to-own agreements. Line of Credit: Use a personal line of credit or HELOC.

[@Reshaw.capalot]

‘24 I’m here

[@jamildamji]

Let's GO!

[@tyhuffmanrealestate]

How do you value large parcels of land, such as 100 plus acres. I know it depends but a rough scale. Thanks

[@jamildamji]

Great question, Ty. Valuing large parcels of land, especially those over 100 acres, can vary significantly based on several factors. Here are some general considerations that can impact the valuation: Location: The location of the land, including proximity to urban areas, amenities, natural features (like waterfront or mountain views), and infrastructure (such as roads and utilities), can greatly influence its value. Land Use Zoning: The zoning regulations and permitted uses for the land, such as agricultural, residential, commercial, or industrial, can affect its value. Market Demand: The current market demand for similar parcels of land in the area can impact the value. Development Potential: If the land has development potential, such as subdivision into smaller lots, or if it has special features like mineral rights or timber resources, these can contribute to its value. Comparable Sales: Analyzing recent sales data of similar-sized parcels in the area can provide a benchmark for valuation. Income Potential: If the land generates income, such as through agriculture, leasing, or other activities, this can also be factored into the valuation. Environmental Considerations: Any environmental factors, such as wetlands, protected areas, or contamination issues, can affect the land's value.

[@tyhuffmanrealestate]

@@jamildamji Thank you! I’m about to start working with land, farm and ranch and Commercial. However I’m going to team up with someone first for a while and co-list if needed. Just so I can learn it. I don’t want a client to be a Guinea pig. Thanks again!

[@dylanhusanov]

@@jamildamji stop using chatgpt

[@josephwilliams8074]

Hey if I bring you a couple deals can we JV??

[@detoxcoaching]

how do you price land when you have like 5000 mailers to send ?

[@danzarlengo7127]

You don't give them a price until they contact you and you can interview them about the land. When you get enough info to make a preliminary offer, tell them the price may have to be adjusted up or down depending on what you find when you (or your partner) see the property in person.

[@destinedforgreatness11]

If you don’t have enough time and still hasn’t found a serious buyer, should you just cancel the contract?

[@jogon2433]

Tbh yea bro

[@brandonb5818]

I bought an acre of infill land and the houses around it are going for $350k - $500k. By your math, I should be listing for ~$140k??

[@jamildamji]

For $350k homes: 20% to 25% of $350k is $70k to $87.5k For $500k homes: 20% to 25% of $500k is $100k to $125k So, listing your land for approximately $140k might be on the higher end of the range, but it could be justified if the location and demand are strong. It’s always a good idea to consult with a local real estate expert to get a more accurate valuation based on current market conditions.

[@mannyblue-letsdogadeals7707]

What’s enough time?

[@mannyblue-letsdogadeals7707]

O never mind lol

[@jamildamji]

LOL

[@ristoshikongo7730]

5:03 - 5:44

[@jamildamji]

Let's Go!