I bought acreage with about 1/8 of it being across the road. This guarantees that I won’t have neighbours opposite me 😂 It’s also a good selling point. At about 3/4 mile long on both sides you get great privacy. Remember you can’t control the land and views around you if you don’t own it
1. Not knowing value of said property. 2. Not physically walking property before buying it. Preferrably during a rain. 3. Not getting a survey. 4. Get out there and talk to the neighbors. 5. Make sure electricity is available. 6. Know if it is in a floodzone. 7. Know restrictions 8. Have a title policy. 9. Land leases. Understand them. 10. Septic system. Can it perk? 11. Fracking issues. 12. Water? 13. Zoning? 14. Manufacturing? 15. Mineral rights? Thank you.
As a Zoning official in Kentucky, never assume that you can just throw a mobile home, RV, pole barn, 8ft privacy fence, or any other thing on your property just because your in "the country". Call and check everything! And yes! It's cheap land for an expensive reason!
On top of mineral rights, also check for water rights. Especially in the south west. You can have, what is called an Arroyo on your property but have no right to the water that runs through it.
@@ravanabrahmarakshas4263 i know he already explained it but imagine a square inside a square, the smaller inside square is your property, the bigger square it’s inside of is your neighbors property, if you’re completely surrounded by your neighbors property like in that hypothetical situation, you are “land locked” which means you cannot legally access your own property without express permission to move through your neighbors property.
I once had an appraisor for a buyer of my property use comparables from years prior and in significantly different locations. He came up with a very low appraisal for the buyer and they tried to get a price concession based on it . I rejected it of course.
Thanks, Wayne, for the information. My wife and I will be looking for land after the new year. I live in Mandeville LA and we are looking into property in Marion County Miss. There is a lot of things to know about before buying property.
Thank you, big help. Experience is the best teacher. I bought 3 acre land. Glad things fell in the right place before I watch this. On my next purchase, I need to do my homework. But thanks again. Garry from California.
Better have a permit for that tree fort lake look out . Meanwhile a cartel has thousands of workers on thousands of acres in many states where the locals say oh you better not go here or that place . Wonder who is tying the hands of the sherriff and deputies or the locals who don't want this near them or anywhere for that matter . Probably bags of cash on the side and threats from every angle one can imagine . Sorry for the side topic but it is relevant . Definitely will watch this video again along with the ones about what to look for and the do's and don'ts videos on buying a house .
It can be an expensive mistake for many if they don’t know the details. If selling get appraisal and add a percentage to cover your costs and amount you are willing to drop, then you get what you want
I bought a house once with known damp issues on one side. I saw at some point that they routed the downspouts all to the other side of the house. I used the damp problem to lower the price considerably and once bought I had eaves trough company rout some of the water to the other side and this fixed the issue. The structure itself was not water damage luckily 😂
Thanks for the great information. I was looking for a lot to build a container home on. I really loved one lot in a quiet neighborhood. It had been for sale for several months. The realtors seemed excited I was looking at it. Then we hit a snag. The land had a covenant from the 1980s. The way it was worded, the house had to match the aesthetic of the neighborhood. The realtors were kind enough to point out that anyone with a grudge against me could sue, saying a container home does not match the surrounding houses, which are ranch style. It was really disappointing, but probably saved me in the end. Sadly, the property is still for sale.
Make sure the land trees 🎄 snd water 💦 . Meets your needs and what yhe adjoining land is used for 😊 i enjoy peace quite eild animals gardens no neighbors no mortgage no indurance no regulations regulations no public utilities no mail box no address on place a locked gate snd pyivate trail to recreation buildings
Good luck getting mineral rights on a purchase. People hold on to them like a dog holds on to a bone. I think Louisiana has a law where after a certain period it reverts back to the land owner. Every state should have that.
I saw two houses built on one acre lots side by side. There is a very large farm that is upwind that produces industrial chickens, eggs, cattle and pigs. I bet what they buyers didn’t know before is that such farms require large acreage to spread the manure on and its mostly liquid chicken 💩. The smell after spreading is horrible and you have to speed by the place and breathe only from your mouth so you don’t smell it. Now I don’t know of any home air system that can remove such a stench 😮
I got somewhat lost when I missed my turn one night coming back from Fort Bragg in Northern California . The fishing trip got canceled and it was right before I had decided to buy a cellphone back in 2001 . I thought this road seems different and it was pitch black out . Only light would be from a ranch house a ways from the road . After 20 minutes of figuring I had to go back there it came , the worst friggin stench ever . It had rained a couple days before real hard and it must have been 150 years of cow shit rotting in a swamp . Turned around so fast and that damn smell stuck in my nose for half an hour after getting miles away from it .
thank you for this very informative video as a farmer i want to be able to purchase land soon, so thank you i have everything i need and what to look out for!
Nowadays you can find comparable sales online. It doesn't hurt to have an agent but you can do a lot of the work these days that you used to have to have an agent do for you.
Title policy. Good information! I lived in a trailer park and the owner of the park would mow my grass when I was gone and I told him I can mow my own grass and he was trying to get money 💰 out of me! Hate TRAILER PARKS!!💯👍
Hi Wayne, I could just hug you for the wealth of information you put out in this single video. It has opened up a whole world of possibility for me. I’m not sure if I can do everything that I’m learning about, but I’m gonna give it a try. I’m subscribed and I am also waiting to hear from a contact in my area to go forward😊
Great advice. The last about moving into an area where manufacturing, food factories etc is very important. I lived two different times in two different areas. One half a block from an onion ring factory near railroad tracks, and the other near a paper factory - that was horrible! Allergies went off the chart. Make sure to check the area at peak times for traffic on the way to the property. Again great advice. Thank you
I live about an hour away from a paper factory and once or twice a year when the wind blows just right all the smells from the paper factory make their way to us and it is not a pleasant scent. I can’t imagine what an onion factory would smell like 🧅 😂
thanks for the VIDS you're pointing out stuff I wouldn't have ever thought of. How many of these things you mention such as mineral rights, easement etc.. would be found in the tittle policy? also you say do your research could you point in the right direction for where to start this research?
Such great information from a pro! I actually looking to buy off grid land with no covenants here in Montana. These videos are exactly what I need to learn. Thanks Wayne ❗️🙏🏽
flood insurance has veey low maximum beefits that may not be enough to replace your house and goods. be sure you understand also what the policy says is a flood. it will not meet your personal definition i assure you.
Hello Wayne, I am looking into buying a land in Ocala,FL, but it is full of trees. It is R1 ready, which means residential build. Can I know ahead of time if it is a good buying property to build a house, or do I have to do it when I make an offer? Thanks in advance for your help!
Looking at property with an abandoned county road bed, cut thru property. Survey says property line , at right of way 15ft, of old abandoned county road bed . Entrance to property would be accessible with use of abandoned county road. Your thoughts on properties with abandoned roads, rail tracks, still belonging to State.
I thought of that many years ago because land was so cheap. But think again at night was so dark that no police, fireman, ambulance, towing, Amazon won't come. I end up buying $35k 3 acre lot in California but accessible to all the above. Patiently save and constantly look until you get all the above. You'll be glad you can visit your land conveniently 24 hours.
A general warranty deed is the gold standard of property transfers. This type of deed is overwhelmingly used in residential purchases; An owner's title policy is designed to protect a homeowner against title issues but a lender's title insurance policy aims to protect lenders against problems …
some of them are- if you're getting an appraisal that should be included in your closing costs. But any additional inspections or surveys would be additional out of pocket costs.
It's best to never buy land sized by the authorities for tax delinquency. It is bad luck. It's also profiting from people living in hard times. I think property tax is wrong. It should be your land, not the government land.
Wayne I have a question, when the county atrrorney drag their feet when it comes to issue a corrective deed what can I do and who can I speak to in order for this issue to resolved. Thank you?
There could be deed restrictions, municipal or county codes against that, AND possible a licensed Electrician to pull permits, design install ect $$$$$
I bought acreage with about 1/8 of it being across the road. This guarantees that I won’t have neighbours opposite me 😂 It’s also a good selling point. At about 3/4 mile long on both sides you get great privacy. Remember you can’t control the land and views around you if you don’t own it
1. Not knowing value of said property.
2. Not physically walking property before buying it.
Preferrably during a rain.
3. Not getting a survey.
4. Get out there and talk to the neighbors.
5. Make sure electricity is available.
6. Know if it is in a floodzone.
7. Know restrictions
8. Have a title policy.
9. Land leases. Understand them.
10. Septic system. Can it perk?
11. Fracking issues.
12. Water?
13. Zoning?
14. Manufacturing?
15. Mineral rights?
Thank you.
Thanks for watching!
@@TheRealWayneTurner Thank you for doing this show for us!
Always put in a larger septic tank than required. This allows expansion
As a Zoning official in Kentucky, never assume that you can just throw a mobile home, RV, pole barn, 8ft privacy fence, or any other thing on your property just because your in "the country". Call and check everything!
And yes! It's cheap land for an expensive reason!
On top of mineral rights, also check for water rights. Especially in the south west. You can have, what is called an Arroyo on your property but have no right to the water that runs through it.
Access. Land locked property can be a pain.
please describe. what does that mean. thanks
Is there an acess road to ypur property? Can you get a road to your property? Some people sue to get acess to their property but that is a pain.
@@ravanabrahmarakshas4263 i know he already explained it but imagine a square inside a square, the smaller inside square is your property, the bigger square it’s inside of is your neighbors property, if you’re completely surrounded by your neighbors property like in that hypothetical situation, you are “land locked” which means you cannot legally access your own property without express permission to move through your neighbors property.
I once had an appraisor for a buyer of my property use comparables from years prior and in significantly different locations. He came up with a very low appraisal for the buyer and they tried to get a price concession based on it . I rejected it of course.
Thanks, Wayne, for the information. My wife and I will be looking for land after the new year. I live in Mandeville LA and we are looking into property in Marion County Miss. There is a lot of things to know about before buying property.
Thank you. Buzz me if you need a agent. I have a good friend over there.
Thank you, big help. Experience is the best teacher. I bought 3 acre land. Glad things fell in the right place before I watch this. On my next purchase, I need to do my homework. But thanks again. Garry from California.
Great to hear!
Better have a permit for that tree fort lake look out . Meanwhile a cartel has thousands of workers on thousands of acres in many states where the locals say oh you better not go here or that place . Wonder who is tying the hands of the sherriff and deputies or the locals who don't want this near them or anywhere for that matter . Probably bags of cash on the side and threats from every angle one can imagine . Sorry for the side topic but it is relevant .
Definitely will watch this video again along with the ones about what to look for and the do's and don'ts videos on buying a house .
It can be an expensive mistake for many if they don’t know the details. If selling get appraisal and add a percentage to cover your costs and amount you are willing to drop, then you get what you want
I bought a house once with known damp issues on one side. I saw at some point that they routed the downspouts all to the other side of the house. I used the damp problem to lower the price considerably and once bought I had eaves trough company rout some of the water to the other side and this fixed the issue. The structure itself was not water damage luckily 😂
bro, you are God-sent. i am learning a lot from your videos. thank you.
Thank you. That is my goal…to help millions of people.
Thanks for the great information. I was looking for a lot to build a container home on. I really loved one lot in a quiet neighborhood. It had been for sale for several months. The realtors seemed excited I was looking at it. Then we hit a snag. The land had a covenant from the 1980s. The way it was worded, the house had to match the aesthetic of the neighborhood. The realtors were kind enough to point out that anyone with a grudge against me could sue, saying a container home does not match the surrounding houses, which are ranch style. It was really disappointing, but probably saved me in the end. Sadly, the property is still for sale.
Make sure the land trees 🎄 snd water 💦 . Meets your needs and what yhe adjoining land is used for 😊 i enjoy peace quite eild animals gardens no neighbors no mortgage no indurance no regulations regulations no public utilities no mail box no address on place a locked gate snd pyivate trail to recreation buildings
Buying land seems so fun I've only just found out of about this world of real estate and am having fun!
Good luck getting mineral rights on a purchase. People hold on to them like a dog holds on to a bone. I think Louisiana has a law where after a certain period it reverts back to the land owner. Every state should have that.
I saw two houses built on one acre lots side by side. There is a very large farm that is upwind that produces industrial chickens, eggs, cattle and pigs. I bet what they buyers didn’t know before is that such farms require large acreage to spread the manure on and its mostly liquid chicken 💩. The smell after spreading is horrible and you have to speed by the place and breathe only from your mouth so you don’t smell it. Now I don’t know of any home air system that can remove such a stench 😮
I got somewhat lost when I missed my turn one night coming back from Fort Bragg in Northern California . The fishing trip got canceled and it was right before I had decided to buy a cellphone back in 2001 . I thought this road seems different and it was pitch black out . Only light would be from a ranch house a ways from the road . After 20 minutes of figuring I had to go back there it came , the worst friggin stench ever . It had rained a couple days before real hard and it must have been 150 years of cow shit rotting in a swamp . Turned around so fast and that damn smell stuck in my nose for half an hour after getting miles away from it .
You forgot wild Feral Hogs!👍💯😎
Appreciate the highly valuable information ✅✅✅✅✅✅✅
I really appreciate the wealth of information in your videos like this one. Wow!
Glad it was helpful!
A good consultant to tell you what not to buy. If you want to buy, consult an other person.
Another super information delivered warmly ! thank you Wayne !
That's a nice lookin property you are walkin on. Probably floods though.
thank you for this very informative video as a farmer i want to be able to purchase land soon, so thank you i have everything i need and what to look out for!
Glad it was helpful!
My husband in I love your videos we are learning so much from u Wayne ❤ thanks for being you
Thank you for sharing that feedback!
Nowadays you can find comparable sales online. It doesn't hurt to have an agent but you can do a lot of the work these days that you used to have to have an agent do for you.
Can you do a video 📷📸 on mineral rights especially
Great idea! I'll add that to my upcoming list of topics
Yeah I second that .
@@TheRealWayneTurner
👉👉👉👉
and check with the county planning and development dept if there is any future plans for that area
Title policy. Good information! I lived in a trailer park and the owner of the park would mow my grass when I was gone and I told him I can mow my own grass and he was trying to get money 💰 out of me! Hate TRAILER PARKS!!💯👍
Thanks Wayne
Can you talk about buying land that is land locked? Did and don’ts.
u will need a good Real estate Attorney because you may end up in court with the neighbors..they have to give you the right of way.
@@NT-qw8qh I didn’t buy it because of no right of way. They tried to tell me they have always used to neighbors dirt road and it will be ok.
NOPE!
I would avoid purchasing it at all unless there is a recorded legal right of way easement in place. You were smart to walk away from it.
Thanks. Love your channel.
Hi Wayne, I could just hug you for the wealth of information you put out in this single video. It has opened up a whole world of possibility for me. I’m not sure if I can do everything that I’m learning about, but I’m gonna give it a try. I’m subscribed and I am also waiting to hear from a contact in my area to go forward😊
Great advice. The last about moving into an area where manufacturing, food factories etc is very important. I lived two different times in two different areas. One half a block from an onion ring factory near railroad tracks, and the other near a paper factory - that was horrible! Allergies went off the chart. Make sure to check the area at peak times for traffic on the way to the property. Again great advice. Thank you
I live about an hour away from a paper factory and once or twice a year when the wind blows just right all the smells from the paper factory make their way to us and it is not a pleasant scent. I can’t imagine what an onion factory would smell like 🧅 😂
@TheRealWayneTurner same here. In Perry Fla. Paper mills everywhere. Ugh.. stank stink stunk.. lol
thanks for the VIDS you're pointing out stuff I wouldn't have ever thought of. How many of these things you mention such as mineral rights, easement etc.. would be found in the tittle policy? also you say do your research could you point in the right direction for where to start this research?
Such great information from a pro! I actually looking to buy off grid land with no covenants here in Montana. These videos are exactly what I need to learn. Thanks Wayne ❗️🙏🏽
Glad it was helpful! Best of luck on your search!
flood insurance has veey low maximum beefits that may not be enough to replace your house and goods. be sure you understand also what the policy says is a flood. it will not meet your personal definition i assure you.
Sir you got some great info!! You in Ga. Also? Or just La.? Thankyou.
Both! I have agents all over the US and Canada who can help.
Thank you Mr. Wayne! love your channel and content. from Pittsburgh, PA
Thanks for watching!
All great stuff, but all of these videos on this channel appear to repeat the same message over and over again.
That's great information. Thank you very much sir!
Great information ❤thanks
Hello Wayne, I am looking into buying a land in Ocala,FL, but it is full of trees. It is R1 ready, which means residential build. Can I know ahead of time if it is a good buying property to build a house, or do I have to do it when I make an offer? Thanks in advance for your help!
Good advice
Thank You!
What do you think about buying property with electric towers. It’s only three acres
It depends on what you're planning to use it for and will it hinder that? Also seriously scrutinize and consider the resale value.
Thank you do much for sharing your expertise.
My pleasure!
Well howdy 🤠 Wayne 👋
What about mineral rights?
He said he always gets mineral rights. 😎👍
Hi Wayne, can I build a house on land that has agricultural covenant without losing the tax incentive?
Thanks.
I'm not sure about that one- I would think you have to continue using the property for agriculture in some capacity
Wayne, I am trying to move near my son. There are very few properties on the market. How can I do all the due diligence before I approach the owner?
Thank you so much
You're welcome
Looking at property with an abandoned county road bed, cut thru property.
Survey says property line ,
at right of way 15ft,
of old abandoned county road bed .
Entrance to property would be accessible with use of abandoned county road.
Your thoughts on properties with abandoned roads, rail tracks, still belonging to State.
I thought of that many years ago because land was so cheap. But think again at night was so dark that no police, fireman, ambulance, towing, Amazon won't come. I end up buying $35k 3 acre lot in California but accessible to all the above. Patiently save and constantly look until you get all the above. You'll be glad you can visit your land conveniently 24 hours.
If the state owns it the state can take it away.
Do you hold training classes
I’m looking at 15 acres. They have 3 of 9 it’s,
Wayne, just saying have you been ever told that you look like young Ernest Hemingway
Lol, No I haven’t heard that comparison before.
Is a title policy the same as a "Warranty Deed?"
No, they are not the same thing
A general warranty deed is the gold standard of property transfers. This type of deed is overwhelmingly used in residential purchases;
An owner's title policy is designed to protect a homeowner against title issues but a lender's title insurance policy aims to protect lenders against problems …
@@dr123hallthanks! I made them do a general warranty deed with abstract on property I bought this summer.
Are these cost part of closing cost or on top of?
some of them are- if you're getting an appraisal that should be included in your closing costs. But any additional inspections or surveys would be additional out of pocket costs.
What your thoughts on tax sales,acreage
It's best to never buy land sized by the authorities for tax delinquency. It is bad luck. It's also profiting from people living in hard times. I think property tax is wrong. It should be your land, not the government land.
Growing up though the gas company paid my dad for damages for putting in a commercial gas line and he didn't get free natural gas though.😮👍💯
Wayne I have a question, when the county atrrorney drag their feet when it comes to issue a corrective deed what can I do and who can I speak to in order for this issue to resolved.
Thank you?
Sounds like you may need to get an attorney involved. Make sure you hire someone who is an expert in real estate law
@@TheRealWayneTurner thank you for your reply
❤❤❤❤❤❤❤❤❤
Thank You!
cool
Living close to a OIL REFINERY, GREAT REAL ESTATE!😮🤔
If I’m putting in solar I don’t need to worry about running grid electric right?
Yep, you could be totally off grid using solar. You just need the battery packs to store your power.
Generally 4000watts will get you by. Nowadays lithium 100ah batteries are roughly 750$ per pack and you should have about 6 of them.
There could be deed restrictions, municipal or county codes against that, AND possible a licensed Electrician to pull permits, design install ect $$$$$
Marriott is actually the largest land owner in the world.
It is good or not if the property next to SPID.?
Forgive me, but what is SPID?
Special Purpose Improvement District, from what I seen when I looked it up 🤷🏾♂️
@@JayKast
That sounds like a whole lot of no no no no and so on .
👍🏻👍🏻
You can add hospitals to the list of horrible smells.
Crematoriums too.
@@jjohnsengraciesmommmmmmm extra crispy 😂
MAKE IT A DRINKING GAME HAHAHAHAHAHA IM DEAD