The Anatomy of a Land Deal (A Comprehensive Case Study)

[@terr104]

Appreciate your honesty , When you mentioned how one of the title companies didn't respond positively , it shows that no matter how experienced you are -you will constantly face these issues. You didn't try to hide these and didn't try to show the sexy part only...

[@RuralVacantLandcom]

Some of the counties in NM don't even have zoning or building permits! That's an easy resale.

[@waleedyousif1546]

I am still learning about investing in land, but wouldn't be harder to resale when you don't have zoning or building permits!

[@joanjames1837]

What counties?

[@markhansen861]

That's called a cemetery!

[@resilientfarms253]

Incredible video, Seth! You have become one of my most trusted and informative 'mentors' on the online space in terms of investing. Thank you for doing what you do, and in such a humble and precise way. In a world full of hot air, it's been a real pleasure to discover your great work, recorded articulately, and presented in an ethical way. Thanks again. **Also**, have you thought of perhaps setting up a Patreon account? I'm not in the position to sign-up for your course and don't really need any templates at the moment, but I would like to contribute to what you do because I get a lot of value from it. If you have one already, please respond with the link. If not, I hope you consider it because I'm sure there are lots and lots of folks out there like me who would, if anything, just like to throw you a 'tip' as I would my favorite bartender for going above and beyond. Cheers!

[@LandAcademy]

Thanks for showing us the anatomy of a land deal, Seth. Appreciate the knowledge and the video.

[@elmocotton3078]

The advantage of an MLS listing is to have agents bring you offers. If your gonna make tens of thousands you can put a nice commision on it and these local agents will sell it . I am a Broker myself and found out if I put a 1,000 bonus on the commission these agents come out of the woodwork with offers

[@Retipster]

Yeah, but some agents and their clients have blinders on when it comes to land... many of them are looking for houses, not vacant lots - most "normal" realtors have a bit of a different audience, I've found.

[@norxcontacts]

This was amazing! Must have been a lot of work to get this all together, thanks!

[@austinacton2696]

Those maps were made using GIS (Geographic Information Systems). It’s what I do in my full time job.

[@mariahmartinez3088]

Do tell 🤔 Do you have an email you can be reached at ?

[@austinacton2696]

Gabriela Carrillo you can find me on Twitter or IG @mraustinacton ...feel free to message me there

[@Nigriff]

Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming do not levy state income taxes, while New Hampshire doesn’t tax earned wages.

[@mlmbros2020llc]

Thank you Seth. Appreciated every single minute of the video!

[@Retipster]

Thanks for watching!

[@frankinfantino9490]

Nice job! Do you keep a list of the states you’ve worked with all the advantages and disadvantages for each one?

[@charlenebuyshouses]

Awesome tips on 20:20

[@RuralVacantLandcom]

New Mexico is full of good deals!

[@RuralVacantLandcom]

Just mail all the counties with good data. Mailed the whole state at once and got a lot of great deals. Some of the counties there like north east corner are so vacant the data is old or non existent. Population is non-existent too.

[@planesense7390]

@@RuralVacantLandcom where did you get your list from? Listsource? Or is there a better source?

[@Eurospeedautomotiveofficial]

Hey man do you always have to do a double close transaction with land deals or can you do assignments?

[@Retipster]

Not at all. You can do assignments in most areas with no problems. Be sure to check your state laws, but it's totally doable in most places.

[@RBH0909]

Do you recommend land deals if you are not local to the area? Or should I only look at deals near me?

[@alexkl2969]

Hi Seth, like it!!! Somehow the link to the blog post would not work. Could you please check.

[@alexkl2969]

Ok, got it. Another question: you did not use the distress filter in Agentpro for this campaign, right? You just send out to all owners, did you? Did you receive more than the 6 acceptances? Or was that it?

[@mattladen947]

Hey Seth is there a course or something I can find where you learned or got more info about this stuff?

[@mattladen947]

Seth Williams Awesome thanks!

[@marthaozzy]

same doubt here.

[@simonahernandez1459]

So informative. I wonder how the forest fire of 2022 has impacted land values?

[@Retipster]

Thanks for watching! I have to imagine a forest fire wouldn't help anything... but you never know. Land values have gone crazy this past year.

[@jalabi99]

I saw someone offering land on seller financing terms but she said she wanted me to pay her $200 as a "doc fee". What does that mean? Aren't we supposed to take the purchase and sale agreement to a title company so that they can issue me a warranty deed on the parcel of land?

[@Retipster]

This is usually what happens when the seller is planning to close without a title company (this happens on a lot of deals that are super-cheap, less than $5K and/or with seller financing). Normally, yes, you would take it to a title company and THEY would charge the doc/closing fee... but if you're not closing with a title company, this is what the seller would charge for their trouble in putting all the documents together themselves. If you're not comfortable with this, you could insist that the deal be closed through a title company and pay for all of those closing costs instead.

[@jalabi99]

I would prefer paying those closing costs to a title company so that they can make sure about the mineral rights also. I will let the seller know so we can start the process. Thank you, Seth!

[@Retipster]

@@jalabi99 sounds like a good call to me.

[@davidtriplett6979]

All of you are genius entrepreneurs.....why aren't State officials hiring you for raising regional revenue? Naw just allow anonymous investment in prisons.....long Live Kent County......Long Live Calhoun County

[@Nigriff]

Thank you for your info

[@Retipster]

Thanks for watching!

[@ellispargo1016]

Great video Seth thanks for sharing the knowledge!

[@Retipster]

Thanks for watching Ellis!

[@NetflixButFree]

How did you convince the seller to give you such a long escrow period of a few months ?

[@beachFront1000]

Many people are willing to take a long escrow. Because they simply just don't want the land anymore!

[@TheKenhawk]

Is it possible i can get a copy of a contract template?

[@Retipster]

Sure. Which one do you want?

[@TheKenhawk]

REtipster hey thanks for the reply and a good land purchase contract with a good clause in place so I have time to flip the contract

[@Retipster]

@@TheKenhawk check out this blog post: retipster.com/howtowriteoffers - you can find one there.

[@tylermundy7985]

Interesting to see investors going to NM! I grew up in NM, and don't normally think of it as a great place to invest. Looks like you can still make money there though, if you go about it right.

[@Retipster]

I thought the same thing, but there are a lot of land investors doing a lot of business there.

[@tylermundy7985]

@@Retipster Definitely plenty of vacant land out there!

[@thomasosborne8130]

Hey just curious even with everything going on in the world right now, are you still able to flip land? I want to get into it, however I’ve heard numerous people say that the real estate game might change soon or it’s just not gonna be the same as it has been for the past 10 years...

[@jalabi99]

Excellent video!

[@Retipster]

Thanks for watching!

[@davidtriplett6979]

Also the South West never intrigued me either.....had that conversation in 2003 lol