Update on purchasing land, title issues.

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[@dupontfraiz]

For anyone that wants to buy a similar property know that everything that Nate is talking about is state specific.

[@Willrocs]

And even county specific. Running into this on Nevada

[@adamhensley5707]

Very true. Why i like Nate. He seems so upfront about this to teach others.

[@justincasiere9598]

​@Willrocs where at in nevada I'm trying to get out of las vegas but want to be close to family and not die from heat stroke in the desert lol.

[@earthmother7852]

Crazy how complicated it is! In 2017 I just drove in from NM to Maine and paid cash for a clear title property, 70 acres with a cabin. Closed in 3 days. Didn’t realize how blessed I was.

[@Mr.JonDoE]

Bro I just heard u say u had 102 acres congrats 👏 I also think I heard some dummy ask for a a acre like why the the F would u be giving away land like where the Fucccc the ey do that at. I mean some people 🤷 just are out there

[@TrapGazelle]

@Mr.JonDoE it's a common thing back in the days when you would pay a land owner for an acre at a time for farming or whatnot. Most of my dad's side did this and lived poorly until the 70's my dad didn't escape poverty till he left that household/family setting.

[@thewildingslanding]

We bought land without title insurance. We didn't even know what it was, or that we needed it. The previous owners time has run out now, thankfully! It was stressful to learn about, and waiting for the time to pass.

[@pattypetty9615]

Right my father bought a bunch of properties for back taxes where he bought them they have 5 year's to take it back! Well the one's he wanted the most? The BLM stepped in & took them! So it's not always the outcome your hopeing for!

[@TheCritterWindow]

Just for backup keep a time book for work done on the land.

[@Objective-Observer]

That LLC should have addressed the Insurance issue, before they put the property up for sale. Yes, it's time for your own lawyer. That's an awlful lot of money for 3 acres, with a minimum of $50K of clean up [professionally], and demo costs; not one single structure is in working order and most of them need one good storm and they fall over. The utilities are untested, no inspections to ascertain their viability. AND THERE IS A THREAT THE ORIGINAL OWNER CAN GET IT BACK FROM YOU?! Those are risks that are beyond me, but you seem strong with your plan.

[@Chikanini]

I see a lucky thrives/will survives deal unfolding right here

[@Chikanini]

LLC in my state cost 75 measily bucks just paperwork and cash in hand. LIMITED LIABILITY EXPLAINS ALL

[@Universal_Knowledge369]

You dont know this guy 😅

[@Objective-Observer]

@@Chikanini He said it's a huge conglomerate flipping acreage, well that's what I understood. THEY STILL HAVE LEGAL RESPONSIBLITIES AS THE SELLER. In Texas, they cannot sell that property, without a title search, and a clear title.

[@Chikanini]

@@Objective-Observer and your point? The risk isn't worth it. But not my property

[@Washedintheblood1988]

It's crazy there are so many laws and regulations we have to pay someone to give us the information we need

[@carolyncarlson6410]

Another potential snag is, any improvement will change potential appraised value. Not dollar for dollar. Meaning what you spend isn't necessarily what you can count on getting back

[@Mr.Anderson__]

That's quite the hassel. But this is very informative for those of us planning to buy Land in the future.

[@StreetPreacherr]

It's crazy that there's such a hassle to purchase some property that's probably not in high demand... Nobody else wants it, nobody else is paying any taxes on it, but they won't transfer it to someone willing and able to 'settle & develop' the property.

[@QwibzOSRS]

There are 13 offers on the plot. Why do you say random garbage?

[@StreetPreacherr]

@@QwibzOSRS I wasn't aware it had multiple offers when I posted that comment. I didn't realize there was a lot of people interested in these Off Grid plots! I guess everyone is starting to prepare for an apocalypse/civil war, lol.

[@chatta6013]

@StreetPreacherr it's not the fact it's an off grid plot. It's just land 4 sale. U realize their is no land that isn't owned by someone, land is 1 thing that there will never be any more of. All property is in high demand as the world grows. No matter what shape the land is in or size.

[@paulinelarson465]

Corporate tax write offs !

[@ManCheetah294]

@@QwibzOSRS There are 13 offers only because the land is being auctioned off from someone not paying. Think about it like this, there are often bidding wars for old cars and boats in these same situations, but that doesn't mean that without the government holding an auction that there is any real demand. The actual value and demand for this property should be based on everything on paper before this person had it seized by the state

[@BorealSelfReliance]

I agree with Nate P on this fully. I purchased ~60acres 4yrs ago and the closing process took about 9 months, I got a good deal, especially because after I had the offer out in early 2020, I didn't realize land values would 4x. It was a cash deal, and took 9 months. That was because of covenants that needed to be removed, questions surfaced during the title search, some additional legal help that was brought in on the seller's side, and every interaction with professionals taking at least 3 days. In 2022 I purchased an additional adjoining parcel of land bringing my total up near ~100ac and even that fully cash deal took 4 months due to an easement being discovered that wasn't found in the title search of the original 60ac. It seems like most folks I know that have purchased land always run into some sort of sticking point during the closing process, usually nothing to do with the actual land but, something on the records\legal side.

[@jofrazier-hansen4097]

I bought tax actuion prperty in Minnesota 25 years ago and didn't do much with it but paid the taxes. It finally cleared for title insurance and is now it's worth 5 times what I originally paid and still no actual improvements done yet.

[@neojason8349]

I'm not sure about the laws in WV but I learned about this kind of investing a few years ago. It's very sound. You pay the back taxes on a property and you either get your orginal investment back plus interest or you foreclose on the property and get it for pennies on the dollar. A majority of the time if there's a mortgage attached to the property the bank will pay off the debt to ensure they dont lose the property. It's almost guaranteed win

[@Critical-Thinker895]

Whoa Nate slow down. It's not up to you to do any of this. The fact that the LLC has not taken care of this is a huge warning flag. Yes LLC companies go under all the time. In fact it's a common practice for them to form a company, conduct some business for a year or so then file for bankruptcy. The truth is if they want to sell it then it's up to them to get this settled. You sound like you're being convinced by them to do all this work and take this risk on a promise. Don't fall for this. If you can't get title insurance then it should be no deal.

[@patsysadowski1546]

I don’t think so. He looked into the company, the risk is 2 more years and they haven’t done it in 12 months. The legal fees, back taxes, sale price and improvements would be infeasible.

[@Critical-Thinker895]

@@patsysadowski1546 My point is that it's still a gamble and he shouldn't be gambling with property. The LLC will get something done if they don't have a buyer. They will let him take the risk if they an get him to. You're already counting on improvement reimbursement without real proof that's required. Easier for you to say than do. There's something suspicious about the LLC not having already fixed this properly. The real question is Why not?

[@Epicmadnesslol]

@@Critical-Thinker895 Honestly wouldn't buy property if the person that's selling name isn't the same as on the deed

[@Leon_RED]

I kinda feel the same but o have no clue how much this is worth to him

[@Chikanini]

Couldnt agree more. I can open an LLC in my state for 75 bucks

[@cottoneyedJoe29]

I understand a lot of these comments are well meaning and have only the best of intentions but I am glad you are consulting your own attorney. While I get several of you own a property, have owned or have even owned several this is a whole different beast. 1st every state, county, city and village have completely different laws what ever applied to you has a high possibility of not being the same here. 2nd since it's a tax auction the laws here are going to be specific to WV, the county and possibly the town he is in laws, and truthfully I can promise West Virginia does not do things like most states and the Rural counties still have some old laws and statutes on the books. 3rd this is not a person to person sale, this is a LLC to person sale, a sale that has at minimum 11 other people also trying to buy it and I will go out on a limb and wager for the risk and effort Nate is willing to take on here the property is convenient to his current homestead so worth this headache to build his brand/future... so while he clearly has the right to ask questions, walk away and withdraw his offer and even use the situation for maybe a little negotiating (but again other offers kind of limit that to small concessions) the best thing he could possibly do is exactly what he is doing. Educate himself on the law instead of listening to seller's, their agent or attorney as they clearly are looking at their own best interests in the long term, hire his own attorney and assure he is covered in the ways he is hoping to be and more than anything just wait... Nate is not just a movie character West Virginia redneck brewing moonshine in the hills, he is a smart educated man who normally has a well drawn out plan in his head long before he says it outright. I am willing to lay money out on the table he has done more research than he has shared, and knows ultimately that if he does this right, pays a little extra for a good lawyer then in the end anyone who lost property consisting of 3 acres and a dilapidated house to the low property taxes in that area is unlikely going to have the money to pay all the money it takes to get it back let alone hire an attorney that will have the skill and longevity to see it through the process of going after the government that seized it to begin with. A person with pockets deep enough for that wouldn't have waited for it to get this far gone before taking action. At the end of the day, the concerns shared in the video are a mere possibility of something that could be an issue but at this stage of the game highly unlikely especially if you have a big LLC as Nate stated and a private buyer like Nate who could actually afford to take on the legal matter to at very least recover their investment.

[@MatthewK863]

Wife works for a title insurance company, most folks have no clue what title insurance is or what it does but damn is it important!! Covers your butt to make sure you're buying what you actually want to buy and that you get everything done cleanly.

[@countrysidegallery]

Having purchase a home under a "short sale" I agree 100% You never know what is hiding out there. Same with foreclosures. It is always best not to be surprised by leans and such on you new property.

[@giltoy6289]

Find your wife a new job!!!!??

[@dizzlethe7346]

Doesn't always help, even in ways it's supposed too. The past 5yrs I have been in court over a house'"s" I only got to use for a Two years and still (bankruptcy would effect employment) paying for. All because both mine and the lenders companies only checked 99yrs back, an 120yrs ago "my" property was split up in a will that only "finalized" when his last kid past away. So here I am in court with a bank, my lender (SAME FKING BANK!) two insurance companies and 35 adult grandkids, Being told from everyone the easiest way is to pay them off. They want 750,000 because the property is now worth SO much more then the 60K I paid 7 going on 8yrs ago for. Not even taken into fact the conditions of the homes then to now or that I built a 3rd home. The homes were worst off then Nates cabin, Just because I paid 60 THEN doesn't mean I didn't put another 200K of mostly debt into the place.

[@dizzlethe7346]

The most fked parts about all this for me. 1.) The county wanted to come after me (after them clearing my home being built) for building on a lot that wasn't mine at first, they did drop that fast thankfully 2.) I was first told with one of the grandkids severing me a eviction notice at my job with the cops, showing me the land I "bought" was only a 8ac lot where the FIRST home in the early 1800s was built. 3.) I bought the home from a huntington private bank trust llc my lending bank is huntington national bank like wtf no one knew? 4.) My family helped A LOT and just moved into the other houses at the time because they needed it, but the court ordered a halt to occupancy. With a hold on utilities and maintenance, I.E. I have to keep the places the way they are but move out of them 5.) In the six months, since the grandkids trust isn't paying (because of there mess/this) yet and some the adult grandkids are drug addicts and deadbeats. A new judge stayed the occupancy in favor for them! But didn't lift the hold on the property, making be liable. So now like 8 families are living in the three homes while I pay utilities. With my wife kids and I boondock in a RV a few hundred feet away 6.) My lawyers have said this is sadly common for trust's to do with large families/trusts, It's a way they can drag more money and justify the staff. Plus in cases like this they expect ALL the money to just get pulled out. So they want to control the holdings for as long as they can and they don't care win or loss, because to them its ALWAYS a win. 7.) Because the virus, the amount of backlog the courts are is silly. But to top it off the Trust is just delaying at every turn, past 5yrs I've only seen the court room SIX times with four different parties. 8.) I lost a 20yr land lease deal. Would have paid 600 a month and lowered "my" property taxes 2-300 a month. I do contract work for the GOV so I know things can move at a snails speed and VERY politically driving. But banking and the justice system has a entirely unworldly scale of corruption and gaming the system

[@Pawsitive4710]

Props for your sharing.. video is informative and highlights the impotance of due diligence.. Interesting.. that property can be sold ..but previous owners still have 3 years to claim. seems like the cart before the horse.I understand that pevious owners ..lost property because they didn't pay taxes, and would need to pay taxes as well as , costs to buyer , any improvements costs and would need to go to court,which would be a deterrent . But what a pain that it is even a possibility some buyer could face after a purchase.. you will be wiser no matter your decision....as well as watchers..👍

[@janiefox3458]

Oh I see why the confusion - you are buying from the buyer who went on the courthouse steps and bought the property from the state (for back taxes). Ouch I tried this once in WV and decided it was just too many if, and, or buts to deal with. Best of luck I hope it comes out to your advantage.

[@keithfiredive]

Looks like you have a pretty clear understanding of the risk. Sounds like a good plan. Verify that what you understand is correct and go for it! Everything comes with risk. This seems like one worth taking.

[@bryanleach6499]

I know when my dad passed away we were in the process of selling property after our home burnt down and lost everything we were just selling the property since it had no house on it just what was left of our home that was burnt it took me over a year to get it all switched over into my name to continuing to sell it and now iam still waiting on the property to sell

[@mangymut5485]

You could get creative and do any building on camper or trailer frames. As long as something isn't attached to the property,you don't lose it.

[@lorijones7388]

Keep in mind you can also contact your States Real Estate Commission if you run into some problems with the LLC Realtors

[@OutBackWithMatt]

I Just bought 6 acres in Roane . Wish you the best of luck Nate.

[@laurencefidhburn1845]

How much did it cost? Have you heard the old song Roane County Prisoner/Hills Of Roane County?

[@kmcd6140]

It's good to know that the waiting period has started. Even better that the 1st year is over. Get to about 30 months and the odds are just more and more in your favor.

[@TheSoftspokenShaman]

Yep, cloudy Title Is always a huge risk.

[@PaisleyPatchouli]

Goodonya Nate! I hope it all works out for you! It's good that you're doing your due diligence, and covering it on the channel is educational for anyone interested in these sort of transactions!

[@stevenmallory4434]

Good advice 👍. If you do Go through with it Just an idea. Any structures you put On the property. Make them portable structures. Until the 2 years is up. Then you could always move them if need be. 16×60 with 4 / 6. Runners. Just like all the. Portable buildings, many barns you see Everywhere. Just a little food for thought. I move them on a daily basis. Like the channel and Content You put it out good work.

[@god_dios]

Was looking for someone to cmt this advice

[@julieturley6486]

Nate. Listen. Buy it and put it in a trust. It will be safe

[@s.markle6798]

You are a very hard worker and I love your videos! Minion is precious!❤

[@serenityyen]

I’m so disappointed that the sale isn’t going smoothly. Hecken weird title things!

[@gb123-ej8wh]

Nate title insurance only covers you to the closing table. I thought it protects us forever but it seems it does not.

[@MississippiHomesteadJourney]

Not in Mississippi, it covers for life. I just read through mine.

[@holechek]

Nate, I commend you for being someone who educates the people.

[@Kree.B.]

This video came at a perfect time for my family, we're looking at 10 acres going up for sherriff sale and this helped me think of a couple things I hadn't yet.

[@chevyseductive]

If you have a realtor it’s his job to warn you if they’re unpaid taxes before anything happens. I’ve bought a couple sheriffs seizure homes. If you got a little know how I think it’s the way to go especially if you have cash.. then you can put off using any first time home buyers perks for when you’re ready to tie yourself down into a mortgage. Hope this helps x

[@Kree.B.]

@@chevyseductive thank you for the advise 😊!

[@dannettepeters1507]

Hoping it all works out the way you want it to!

[@CrackerFL]

In Florida, you would apply for a quiet title after tax sale. Your smart about the title company. It is a very good deal.

[@DCXLIII]

Bro, what if you formed an LLC. Buy the land in the company name, protecting all of your personal assets, land, etc. You pay Will, so both the land and the video content can fund the LLC that the property is under. Use that money only to make improvements. If something happens with the deed or title your LLC will bankrupt and protect you from the foreclosure, they won't be able to take "Nate's" stuff only the LLC's stuff, Will would technically be an employee so he has nothing to lose, other than the land..again. It might be something to look into, though I'm in Ohio, so things may possibly be different. I've heard to always buy rental property under an LLC but also don't know how this would affect raw land, though there is a structure on the new property. -Justan idea.

[@GamingByChris]

Or rather, pay will through the LLC

[@leahwhiteley5164]

​@@GamingByChrisHow will the LLC make money to pay Will? You can't just feed it money.

[@PredictableEnigma]

Doesn't he already have an LLC for the products he develops?

[@DCXLIII]

@@PredictableEnigma i would think so but i have no clue

[@SaronJoy]

Hey Nate, it can wait. I had to wait 2.5 years for an additional property to clear before I bought it and I'm glad I did. Found out the person selling said property wasn't at all cleared to sell it. I would have lost my hat if I pushed it. Apparently, he had brothers & sisters that owned part of the land/house. By waiting, it forced the guy to do his due diligence and get the permissions in writing to sell. He ate those cost... not me. ❤

[@bitcoinpoker76]

If the laws there are like in Kentucky, it's mostly lawyers that sort of steal these properties by paying back taxes. What I learned in digging into this is that lawyers do it for themselves, I offered to hire an attorney or 5 to do this for me and they all refused due to conflict of interest. So, I would find out what the timeline looks like on all this stuff. Might be time to run bro.

[@TheGiggleMasterP]

I'm crossing my fingers for you Nate! This looks awesome and I hope the risk is worth it!

[@DaHoodedBandit]

Sometimes things get hectic. But i know you'll sort it in the end. Best wishes.

[@davidparker5345]

Good luck and wisdom be with you.

[@ethanbenedict1221]

Hey Nate! Big fan. I heard you mention a few times about adding a garage. My parents renovate houses for a living, and found out with experience that adding a garage is not a great investment if your plan is to sell down the line. There are several ways that money could be invested else where to directly increase property value a lot more than a garage will. If your plan is to sell it as a homestead start pack (lol), maybe just put up a car port (garage with no walls and cheap roof, no power etc)?

[@Narrowayhomestead]

I'll certainly do something cheap for the garage as yes it doesn't add much value. Increases the amount of buyers that may be interested tho

[@ethanbenedict1221]

@@Narrowayhomestead Certainly. Excited to see what ya got planned! Thanks for the reply😊

[@SarahTrpelivost]

Thats a great price for that nice slice of west Virginia 😊 Nate im rooting for the process of obtaining this property goes smoothly and with ease! Blessings to you and Jen and your animal clan🪻✨

[@denisk2414]

Yeah especially the thousands of used syringes scattered all over the property. Just lovely

[@SarahTrpelivost]

@@denisk2414 well all the more reason Nate should get the property and clean up said syringes and garbage ✨🪻

[@AmandaDoll-hi4dr]

Hi nate petroski, i hope you get your new places

[@avenger919]

i dont know why i find your voice very calming, if you made a new channel to read stories I would sub and listen to it while trying to fall asleep

[@doriswilliams6422]

If its meant for you you will have it sometimes there are too many obstacles its not meant to be

[@dondunham9287]

I believe if the person who lost the property, expressed an interest to reclaim the property, you'd give them that chance without interference.

[@lyndioli]

Man, whatever happened to the good ol days where you could have cash in one hand and a handshake in the other!!!! 🤠

[@rabbiswhy]

And a deed in-between

[@stephaniewilson3955]

That would have to be 200 years ago and on frontier land.

[@tanikokishimoto1604]

I do want something stronger than a handshake. Otherwise it becomes a "he said; he said" situation, no proof anywhere.

[@tanikokishimoto1604]

And that has been even back in the supposed " good ol days"

[@OldManMuskrat]

Build that $40k garage and get every tool you own under a dry roof. I just lost a whole bunch of garden tools because I hung them on a fence and the weather got to them. Title insurance is always worth the cost

[@denisec5904]

Oh my goodness. The laws are so Archana. One year is enough!! 3 years, ugh. By the way, I'm really enjoying my Minion blend coffee!❤❤

[@brettgast]

All I heard was improvements and knowing you have Will on that property its definitely going to get improved at a pretty rapid rate.

[@duanepena7493]

Stay patient and keep on!

[@user-pp9ly7fm2n]

TROUBLE IN TROUBLE OUT... why even ?

[@patriciamuskevitsch8359]

I didn't think the property could go to sheriff's sale before 3 year period was satisfied.

[@4n0n87]

I am having my own problems with title company, my chime checking doesn't do wire transfers. I have to get another account that doesnt run credit check, then send it there then wire money. Closing was the 17th its the 20th now. Still having problems. Rocket Mortgage and Chime is my downfall.

[@rubyredlopez4]

Why don't you buy directly from a state auction yourself since you have the cash. For example: the 2nd Thursday of every month on the steps of City hall in my area they have property auctions on those who are delinquent in property Taxes and people come with cash and buy right then and there!

[@JohnDoe-ze4em]

its all content no matter what and it will never be a loss because of the content!

[@countrysidegallery]

Great info Nate. I know how crazy property law can be after I purchased a home on acreage as a short sale and as a foreclosure here in Pennsylvania, I'm sure West Virginia is just as complicated. Best of luck!

[@keepfeeding]

Nate I am looking to do the same in the future. I am trying to save up around 30k over a few years to purchase a piece of land myself. I heard that paying cash is the way to go. I imagine a fundamental step is determining if the land percolates.

[@markrenfrow9873]

Hey Nate, keep your shirt together!

[@MrAshHere]

Arbitrary rules that restrict ease of land ownership is annoying.

[@kmcd6140]

It's not arbitrary. There is a long and deep history of those with deep pockets stealing land from those of lesser means. It is annoying when you're just trying to do the right things, but a little buffer for the little guys is a good thing.

[@vallaryamato-oq9tk]

Thats crazy they get so long.hope it goes your way.

[@VermontHomesteadAdventures]

I’m glad you’re looking into the laws and everything legal. I agree get it in writing, know what you’re signing before you close. I like the idea if you make improvements they would have to pay for it. That would be a concern of mine as well.

[@gingerd.8390]

Knowledge is power. 😊

[@bradholland6074]

Just remember if it's not in writing it didn't happen.

[@epsilonsilver7860]

Maybe the original owner would be willing to sign a release saying they will not seek to regain the property. Perhaps an incentive would encourage them to do so.

[@Mattyler36]

Well that is good news, seems highly unlikely the original owner will want it back. I can see where you would consider it a moderate risk because you are fixing it up for resale. After working on it for 2+ years, hoping the profit margin is large enough when you sell it.

[@Lee-qt4pg]

With your payment add the insurance.

[@joegadus1781]

Can you also get a clause in that agreement from the seller for any liens that may pop up in the next 2 years? Unlikely, but a CYA.

[@Catsandchickens]

Thanks for this content. I love it!

[@dennispierce8404]

Put some huge Teepee's on it for camping rentals you have tall trees you would just have to purchase canvas

[@JheregJAB]

One thing I would want to be careful about is the order of operations which could result in them getting the property back. By that, I mean, in what order do you get made whole compared to the government and tax-auction recipient (LLC). Does the original owner can go to court, pay taxes and fees, then get the property back, and then after taking ownership of the property do they have to make you whole for improvements? Because if that is true you might end up in a situation where it is your responsibility to sue THEM for improvement costs, and that can get really messy really fast. If, on the other hand, they don't get the property back until after making _you_ whole for the improvements, then its essentially their job to go to the effort of finding out what you've spent and coming up with the money. Its an important distinction that you want to make sure you understand. Otherwise even if you close on the property you may decide you want to wait the couple years anyway before making improvements. Alternatively, it may be worth trying to get a statement from the original owner that they do not intend to try and take the property back. I'm not sure if a statement like that would hold up in court, but it at least might give you some peace of mind in the whole situation. Just another thing to ask the lawyer you eventually hire!

[@toddmiller4452]

Anxious for Will's builds. I'll try and be patient.

[@aunt_b3365]

I wish you all the best of luck, Nate. I'm sure you've given thought as to about the owners not having the money to pay you back for EVERYTHING? Or how long it would take them? It's pretty obvious they either didn't care about the property or have the money to pay taxes or even want it. Maybe they want to keep it for future generations and know they have 3 yrs to come up with the money. Possibly they are waiting out their time. Are you interested at all to look for other property without as much complications? Sounds like this is a big risk. Waiting two more years would be a pain if i was wanting to get started fairly quickly. So much to consider. I hope it works out proper for you if thats what you truly want . I'll be sending prayers 🙏 🙏🏼🙏🏼💕 Give Minion🐶 and the kittens 🤗💕🤗

[@MotherOfCats111]

Fantastic advice. Such a shame they won't title search first.

[@georgeburke6336]

Do what Steve Johnston said about setting up a LLC. Sounds like some very sound advice.

[@pv2smurf]

Go for it Mr. Petroski "just like the crow chasing the butterfly" -Shinedown "Lifes a dance you learn as you go" -John Montgomery

[@jaybarnett5554]

To much risk playing with an LLC that does this on the regular. Dont trust them, get paperwork in a row and trust your attorney. If it still looks shady, break ground on your new house instead. They cant steal that from you.

[@benjaminkline7301]

Found this very helpful. Im looking to move out to WV. Thanks.

[@zebrazilch7249]

It seems like the value if the property has decreased hiven all the added risk and legal fees and other costs related to not being able to get that corrected.

[@runigturtle1209]

Sounds great hopefully the light at the end of the tunnel is in a revenue or holding a matchstick up get your magnifying glass out brother smells like trickery from ridge runners

[@lindaharry9509]

Can you speak to the previous owners through an attorney to.make sure they do not want to get the property again?. I worked for mortgage company in Texas we did this from time to time.

[@grantleng5030]

I think your mind is on the right track with this

[@RobertJLessard]

20k feels more than it's worth for 3 acres. Not like that house is any value?

[@yourbeekeeper]

5:00 - waiting to hear Minion barking to alert of the overhead bird. hahahaha

[@EchosOfWhiterun_5555DocOfStyle]

Hey Nate: It must be extremely *FRUSTRATING* for you to have to go through this and I also know that *Billy* is probably feeling some kind of way about it as well.... If things don't pan out then you know it was for the best, but then again, maybe they will!!! ~ JonseyG 👲💖

[@killzone0076]

great info keep up the research hope it all works out for you

[@justmythoughts2786]

I’m with you , as long as you do you research and consult your own attorney you should have no worries, your a smart guy you will figure it out bud

[@rebeccaplumlee9601]

Ages ago in MO you could buy & original owner has 7 yrs to get back .. but whatever you put on property is old owners. Because they didn't approve the improvements

[@JoshuaBustamante-cp5xn]

Wow they really throw you through some hoops stay safe nate be careful i know you are tho good luck brother

[@deniseview4253]

Not a bad price for the property. Don’t know what title insurance is.

[@Slothmomma]

Do you have a back up plan ? Another property you are looking at?

[@Narrowayhomestead]

Don't have my eye on another property.yet lol

[@user-qe4bx8xt3f]

An R B B would really be something to think about 🤗

[@thirtynine3955]

I dont understand how owner #1, who didn't pay taxes and lost the property to foreclosure, could still get it back after it was sold to owner #2 (the llc). That makes no sense.

[@lukasfogel7892]

Screw precedent. Hire a Lawyer and have them draft a contract stating that if for any reason the property is returned to the previous owner and the law finds them not liable to pay improvements, the selling LLC will cover those costs. They don't agree to those terms, don't buy. This should've been handled by them from the beginning.

[@lamBETTERthanY0U]

Sounds like more trouble than it’s worth

[@itsjustderek]

OOOO SHIT IS GETTING JUICY 😅 IM GENUINELY INTERESTED IN EVERYTHING THIS MAN IS DOING

[@patrickpoppy9891]

Insurance and ownership prices are out of control - This government is horrible for the working class

[@clearstoryimaging]

How long did it sit vacant? And are the previous owners the ones responsible for the horrid conditions and all the needles? Or were there squatters living there for an extended period? Seems very unlikely someone leaving a property in that condition would ever come back to pay the back taxes and legal fees for a property that is currently unlivable. Anything is possible but I would certainly take it into consideration when assessing the risk. It also makes me think of car-centric youtube channels that constantly acquire and fix up vehicles solely to keep the content interesting. The 2nd homestead will generate revenue by providing fresh content for both Nate and Will. Just another thing to consider when balancing the risk.

[@AngelaKSellsHomes]

Real estate laws are so interesting. In Kansas they have like 3 or 6 months to buy the property back. Missouri has none. Once it's foreclosed on there is no way to buy it back. I have still not found one good reason for states rights. It's like a pissing end in a swimming pool.

[@trenamerritt5344]

Trust, but verify!