@@jakestewart4712 can you kindly tell me what I can do with that? I've seen land in certain areas go down in price. How do I learn where is good to buy ? I could use a positive life change.
Keep vagrants from camping on it. Keep people from dumping whatever on it. Hopefully did an environmental inspection to show the land has never been contaminated with hazardous waste.
@@NeuroDragscan still throw garbage over an electric fence ...and what would stop anyone from cutting the wires ...😂😂 Maybe driving in and dumping a dump truck full of old concrete on your property .. 😂 Don't dismiss it .. It happened to me 😢
the best vacant land is a vacant land near or inside a busy crowded area it'll ballon in value and would have high demand from businesses trying to build something on it 🤑🤑🤑
My brother and I got out the military. We want homestead land in north carolina. We looked at using VA benefits but damn. Just want it to sit on. Build later. Learning that financing for land is not the same. Is financing land something people do?
Yeah, financing for land is a very different thing than for houses. You'd want to either buy a property big enough for banks to finance them (think $150K or higher) or find an alternative source of financing, like a personal loan or HELOC, if you can get one. Otherwise, you can ask the seller if they'd consider seller financing, which is a much more common thing for vacant land, because of this exact issue.
Minimal at best. We have several parcels of vacant land and they all cost less than 1k annually. If you can afford to buy vacant land and let it sit, you can afford minimal property tax.
I'm finding 1-3 acres in ohio for around 10-18 grand. Property tax is about 750$ a year. I plan to harvest trees for firewood and make some farm fields on my lot. Real estate guys gonna be mad when I show up with cash saying building a house is a bad idea lol
Around here, it's 2-3.5% The main benefit personally is that it isnt negatively affected by stuff like the 2008 crisis but still benefitting from stuff like covid
We have been buying and selling vacant land for 30 years. I got the wise idea of building a mobile home park several years ago. I sold it as soon as I could. Give me the land and I’ll sell it to someone else who wants to build a mobile home park. 🎉
@ We try to buy land that is under valued, just outside of the current development area, within 30 minutes of a Walmart, has city water and electricity, fairly level or if not level with a potential for a view, something that would pass a Perc test for at least 3 acre lots, no restrictions, the more road frontage the better, nothing that floods, where there is cell service. Additionally Something that I can sell less than 1/4 of the property with owner financing that covers all my costs including my loan payment. Something that has deer on it so you can lease the hunting rights for a profit. Wait a couple of years and sell it for twice what you paid for it. Look at 100 properties before buying anything. You need to know the market and how to make money from the land. You can start small and buy 10 acres with plenty of road frontage get a good soil morphologist and surveyor. Break it up in the smallest lots you can and sell with owner financing. Shoot to 4x your money. Keep doing that and you’ll never have to work a job again. Good luck 👍
What about 7821 the inlet in Jonesboro GA? look it up looks like a great price and piece of land for 25k. This is a goldmine. Great investment! Your thoughts?
If someone has a limited budget, do you suggest they buy a land and sell it for profit after some years? I am looking for genuine advice to invest what limited investment cash that I have. Thanks
Possibly. Many cheap vacant lots can be bought for a few thousand dollars from motivated sellers and then re-sold at a significant markup. You can find a ton of these from your county's delinquent tax list: retipster.com/delinquent-tax-list
And the people who are laughing and mocking...dont own Land.. I just bought myself some land out here in Arizona and plan to live on it in 5 months and preparing now I'm extremely happy with my decision and I have family who did the same thing 6 years ago and are happier than they've ever been in their lives
You missed the whole point. He never said he was living on it. He's pushing buy and hold. So either he's making payments or has millions in the bank to buy with cash.
You don't have to mow it. You do have property taxes and property liability insurance is a good thing; squatters, trespassers, and people who trash property for the fun of it, suck. Property owners should check up on the condition of their land several times a year, good business practice.
Ppl dont understand the value and opportunity land provides hence so many ppl against it are the ones renting the land the lay their heads upon. Furthermore most renters dont realize that most landlords factor in property tax in the rental price. You just dont feel it cuz its over 12 months and baked in your rent.
You have no idea what problems can happen to you even with vacant land . You are assuming no one else is going to do anything to or on your land .. You'd be very surprised...I was 😢
I had a piece of land near a lake I planned on building a house on .. unfortunately I ran out of funding and it stays vacant .. The neighbors used it as a dumping ground for remodeling material, old mattresses, car parts, hot water heater, old kids toys, many many bear bottles. . Etc.. county sent me a notice that I had to clean the garbage on my heavily wooded lot that went back over 200 ft .. I showed them how close this all was to the neighbors fences back there. But they said it was my responsibility to clean it up or risk $ 500 a day in fines in the middle of summer at 90 deg each day because I could not prove it was my neighbors... Like video or photos of them dumping .. Was super obvious for a normal human .. like I'm going to lug crap up thru a forest 200 ft and dump it there .. 🙄 A van full of garbage tires etc .. and 15 big bags of bear bottles and other crap out and a waste of two super hot days .. 🤬
Right! you are much better of buying a s&p ETF with your money .. can get you money out anytime and best safest return over 5+ years ... No taxes to pay and no chance of the other 50 problems that may come up with land ..😂
Well, I like the content, but that isn't true. Vacant parcels often still have city violations leaned against it. You may need to mow the lawn, you may need to make sure no one is sleeping on it. You do need to make sure no serious crimes are regularly occurring on the property, pay taxes, and wait years for any real accrual on the property to happen, unless like usual you are just playing the lottery and hoping one of the many properties explodes in value.
That can be true. It depends a lot on the location and jurisdiction where it's located. The more dense the surrounding population, the more problems you'll have to deal with.
Not everyone has the temperament to be a Landlord. You can get a real estate management company to do all that stuff. I bought 6 acres land. I have 5 rental homes on it. It's like anything else. It has it's ups and downs. That's life. I'm now retired. Social Security is not enough money to live. I'm glad to have the rentals. I have 3 more acres I'm planning to build more.
@@Retipster😂 it's unlikely to happen, but not impossible! We rented out my aging grandmother's $1 million dollar house to wait out it's crashed, post-2008 value till it came back up, so we could use it to pay for her care as her dementia got worse. These a-holes took the 2500 sq.ft., island view daylight basement, drilled ventilation holes to the outside, and grew enormous amounts of pot. When caught, they tried to "solve" the problem by offering to buy the place for $400k because it was "devalued" now.
Wow, thanks for the great tip! Gonna go buy an empty lot and do absolutely nothing with it. Why are landlords the most brain dead creatures on this earth
When sell it for a million dollar gain ten yrs later after all expenses... For doing nothing but writing checks. Property tax is a nine issue .... Key is most people can't afford to buy location. If you buy it for million and taxes is million for ten yrs but you sell for 12 million who cares what the tax is
Did you know can be on your vacant land at any time of the day or night so long as you follow county ordinances. In many Florida counties you can clear, fence, well and power without a primary dwelling build. What I don't get is buying huge tracks of land to hold, but it's likely safer than holding cash now.
It also does not provide cash flow. You have pay property taxes and mow it.
You don’t need to mow it but yea sure prob tax but it’s cheaper then paying prob tax plus Mortgage plus utilities ect.
But it builds equity and overtime appreciates in value. Plus, you can build something how you want if there's no existing structures on the lot.
ahem, I think u don't hav to cut forest
Look up allodial title
Hello sir good day im currently living in the Philippines you wsnt to buy a lot in the Philippines??
By that logic you might as well buy index funds
Love me a boring asset 📈
You own land ?
@@NeuroDrags Yessir
@@jakestewart4712how do you make money off it
@@jakestewart4712how is it
@@jakestewart4712 can you kindly tell me what I can do with that? I've seen land in certain areas go down in price. How do I learn where is good to buy ? I could use a positive life change.
Keep vagrants from camping on it. Keep people from dumping whatever on it. Hopefully did an environmental inspection to show the land has never been contaminated with hazardous waste.
Electric fence I’m 19 and I want to buy so much land
@@NeuroDragsfences are expensive. Electricity ontop of that. Lol😂
@@NeuroDragscan still throw garbage over an electric fence ...and what would stop anyone from cutting the wires ...😂😂
Maybe driving in and dumping a dump truck full of old concrete on your property .. 😂
Don't dismiss it ..
It happened to me 😢
All this is done before you buy it.
Taxed for nothing
Not exactly. In Florida you can be on you land at any time as long as you follow ordinances and lot of activities do not require permits.
You are me ))) I do this for 7 years already
the best vacant land is a vacant land near or inside a busy crowded area
it'll ballon in value and would have high demand from businesses trying to build something on it 🤑🤑🤑
My brother and I got out the military. We want homestead land in north carolina. We looked at using VA benefits but damn. Just want it to sit on. Build later. Learning that financing for land is not the same. Is financing land something people do?
Yeah, financing for land is a very different thing than for houses. You'd want to either buy a property big enough for banks to finance them (think $150K or higher) or find an alternative source of financing, like a personal loan or HELOC, if you can get one. Otherwise, you can ask the seller if they'd consider seller financing, which is a much more common thing for vacant land, because of this exact issue.
Taxes every year no?
Can be very low in some places. Couple hundred.
@@mikuspalmis ohh nice
Thank you 🍺
Prop tax?
Minimal at best. We have several parcels of vacant land and they all cost less than 1k annually. If you can afford to buy vacant land and let it sit, you can afford minimal property tax.
I'm finding 1-3 acres in ohio for around 10-18 grand. Property tax is about 750$ a year. I plan to harvest trees for firewood and make some farm fields on my lot. Real estate guys gonna be mad when I show up with cash saying building a house is a bad idea lol
What is the appreciation rate annually for lot and land in secluded or suburban non residential area?
Around here, it's 2-3.5%
The main benefit personally is that it isnt negatively affected by stuff like the 2008 crisis but still benefitting from stuff like covid
Not much ..😂
We have been buying and selling vacant land for 30 years. I got the wise idea of building a mobile home park several years ago. I sold it as soon as I could. Give me the land and I’ll sell it to someone else who wants to build a mobile home park. 🎉
Newbie here, what kind of vacant land would you recommend purchasing in order to later sell it? Thanks
@ We try to buy land that is under valued, just outside of the current development area, within 30 minutes of a Walmart, has city water and electricity, fairly level or if not level with a potential for a view, something that would pass a Perc test for at least 3 acre lots, no restrictions, the more road frontage the better, nothing that floods, where there is cell service. Additionally Something that I can sell less than 1/4 of the property with owner financing that covers all my costs including my loan payment. Something that has deer on it so you can lease the hunting rights for a profit. Wait a couple of years and sell it for twice what you paid for it. Look at 100 properties before buying anything. You need to know the market and how to make money from the land. You can start small and buy 10 acres with plenty of road frontage get a good soil morphologist and surveyor. Break it up in the smallest lots you can and sell with owner financing. Shoot to 4x your money. Keep doing that and you’ll never have to work a job again. Good luck 👍
What about 7821 the inlet in Jonesboro GA? look it up looks like a great price and piece of land for 25k. This is a goldmine. Great investment! Your thoughts?
I have land available in Hampshire County MA & Cobb County, GA. Under $50k takes both
Hello Cobb county ga please respond we will be interested in the property
@atlwoo are you on here now?
If someone has a limited budget, do you suggest they buy a land and sell it for profit after some years? I am looking for genuine advice to invest what limited investment cash that I have. Thanks
Possibly. Many cheap vacant lots can be bought for a few thousand dollars from motivated sellers and then re-sold at a significant markup. You can find a ton of these from your county's delinquent tax list: retipster.com/delinquent-tax-list
@@Retipster thank you very much!
And then you hope the 30% down payment plus all the monthly payments Outpaces the return Of the S P 500 when you eventually sell it
It just taxes me for v 15 years
And the people who are laughing and mocking...dont own Land.. I just bought myself some land out here in Arizona and plan to live on it in 5 months and preparing now I'm extremely happy with my decision and I have family who did the same thing 6 years ago and are happier than they've ever been in their lives
You missed the whole point. He never said he was living on it. He's pushing buy and hold. So either he's making payments or has millions in the bank to buy with cash.
You don't have to mow it. You do have property taxes and property liability insurance is a good thing; squatters, trespassers, and people who trash property for the fun of it, suck. Property owners should check up on the condition of their land several times a year, good business practice.
But you have to pay tax
Of course, but the property taxes on vacant land are very, very inexpensive.
Ppl dont understand the value and opportunity land provides hence so many ppl against it are the ones renting the land the lay their heads upon. Furthermore most renters dont realize that most landlords factor in property tax in the rental price. You just dont feel it cuz its over 12 months and baked in your rent.
You have no idea what problems can happen to you even with vacant land .
You are assuming no one else is going to do anything to or on your land ..
You'd be very surprised...I was 😢
@@Gunter_Custom thats why the law states you have the right to defend your own land. If you dont thats on you.
@@Gunter_CustomWhat happened?
@@staffordmcanuff8675 hard to defend land you own that you are not sitting on 24/7
😔 and that's not anywhere near where you live..
I had a piece of land near a lake I planned on building a house on .. unfortunately I ran out of funding and it stays vacant ..
The neighbors used it as a dumping ground for remodeling material, old mattresses, car parts, hot water heater, old kids toys, many many bear bottles. .
Etc.. county sent me a notice that I had to clean the garbage on my heavily wooded lot that went back over 200 ft .. I showed them how close this all was to the neighbors fences back there. But they said it was my responsibility to clean it up or risk $ 500 a day in fines in the middle of summer at 90 deg each day because I could not prove it was my neighbors... Like video or photos of them dumping ..
Was super obvious for a normal human .. like I'm going to lug crap up thru a forest 200 ft and dump it there .. 🙄
A van full of garbage tires etc .. and 15 big bags of bear bottles and other crap out and a waste of two super hot days .. 🤬
Until some kid on a dirtbike hurts himself on your property because uou didnt fence it off
Don't buy land, boring is the worst thing, buy stocks to invest in
Right!
you are much better of buying a s&p ETF with your money .. can get you money out anytime and best safest return over 5+ years ... No taxes to pay and no chance of the other 50 problems that may come up with land ..😂
Well, I like the content, but that isn't true.
Vacant parcels often still have city violations leaned against it. You may need to mow the lawn, you may need to make sure no one is sleeping on it. You do need to make sure no serious crimes are regularly occurring on the property, pay taxes, and wait years for any real accrual on the property to happen, unless like usual you are just playing the lottery and hoping one of the many properties explodes in value.
That can be true. It depends a lot on the location and jurisdiction where it's located. The more dense the surrounding population, the more problems you'll have to deal with.
Not everyone has the temperament to be a Landlord. You can get a real estate management company to do all that stuff. I bought 6 acres land. I have 5 rental homes on it. It's like anything else. It has it's ups and downs. That's life. I'm now retired. Social Security is not enough money to live. I'm glad to have the rentals. I have 3 more acres I'm planning to build more.
That's awesome! Sounds like you've set yourself up well! Thanks for sharing.
You pay taxes, insurance and maintenance.
Taxes are very cheap, insurance is optional, and maintenance is non-existent for rural properties.
@@Retipster you don't own anything. Insurance is required if you borrow money. You still need it if you don't want to be sued. SMH 🙄
Property tax and insurance, making sure no one is running a meth lab on it
same thing with prostitution
Yes, nothing says finacial security like finding a clandestine meth lab on your vacant property and having to clean that up.
I can count on zero fingers the number of times that's happened to me.
@@Retipster😂 it's unlikely to happen, but not impossible! We rented out my aging grandmother's $1 million dollar house to wait out it's crashed, post-2008 value till it came back up, so we could use it to pay for her care as her dementia got worse. These a-holes took the 2500 sq.ft., island view daylight basement, drilled ventilation holes to the outside, and grew enormous amounts of pot. When caught, they tried to "solve" the problem by offering to buy the place for $400k because it was "devalued" now.
Wow, thanks for the great tip! Gonna go buy an empty lot and do absolutely nothing with it. Why are landlords the most brain dead creatures on this earth
lol, you never justly acquired that, you just said it was yours and it was. Honestly, a screwed up system.
You sit there, add no value, and pray it’s going to be worth more than you paid for it.
We don't throw darts at a board; we bet on sure things.
That's ridiculous. There is no such thing as a "sure thing". @@Retipster
ain't worth 50ct. ain't nothing on it!
You just pay taxes ... that's it 🤣
Where is the good thing to that?
When sell it for a million dollar gain ten yrs later after all expenses... For doing nothing but writing checks. Property tax is a nine issue .... Key is most people can't afford to buy location. If you buy it for million and taxes is million for ten yrs but you sell for 12 million who cares what the tax is
@@keithwisdom1663yeah you think so I've got some land I can sell you ...😂😂
How far behind on property taxes is this guy?? Hahaha
Recipe of how to lose
Taxes wayy cheaper too
For sure.
Did you know can be on your vacant land at any time of the day or night so long as you follow county ordinances. In many Florida counties you can clear, fence, well and power without a primary dwelling build. What I don't get is buying huge tracks of land to hold, but it's likely safer than holding cash now.
Gee whiz, you can actually be on your own land that you bought? 🥴