Buying Land When You Are Kinda Broke
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- เผยแพร่เมื่อ 11 มิ.ย. 2024
- You can buy land even if you are kinda broke. You just need the right information to know what kind of land you can buy, how you can finance the land without the best credit, and have an understanding of the area you plan on buying land from. In this video, I speak to Cheryl Sain, an expert on land purchasing she gives out all her knowledge and secrets to buying land, even if you're kinda broke.
Never Buy This Kind Of Land! • Absolutely NEVER Buy T...
The Biggest Mistakes When Buying Land: • BIG Mistakes When Buyi...
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Kristina Smallhorn I would also advise to watch out for protected wetlands and the EPA. We weren’t allowed to build a certain distance next to a creek on our bought and paid for property that we have a mobile home park on bc of this creek. We had to get the army core of engineers out and everything..... you definitely don’t want to mess with the government! Lol!
Love your vids KS, thanks for sharing your years of experience.
I would love owner finance. That's how I bought my first two pieces of property
Thanks, this was really helpful information.
@@yvettemallory585 where are your properties at?
I bought land when I had nothing through a owner finance. 5 years in I own the land, the house, and my car. I will never rent again.
I REALLY REALLY REALLY NEED TO DO THIS!
Did you go through a company?
@@mememe217 Do you always come in threes?
@@timarcella Yes Yes Yes.
If you did not have anything, how did you pay for it?
@@lindaertel7558 exactly.. and a house?
Me at 24 trying to escape the world by living off grid lol….
You can do it brother.
Same.
33 working on that same thing lol
Me too
Jesus. Same
Survey survey survey. We purchased a house and after having the survey done for new fencing, we found out we owned more land then the seller had showed us! He wasn’t happy but we were!
So, you are lucky that the owner hadn't done a recent survey on it.
I bought 8 acres and ended up with nine.
Happened to me bought 2 acres and my mom was on me about a survey before building , so I gave in and got one. Ended up with 3.5 acres!! For only 12k been great for my kids 4 wheeler riding!
@@kentcbucceyes9996 what state and how long ago?(since covid?) I ask cause I want to buy soon but seems land increased
@@nilesdenton & continuing too...
My grandfather sold property in Kentucky, kept the mineral rights, and at some point started receiving a few hundred a month that eventually reached around a grand a month for about 20 years until slowing down to nothing with the explanation there wasn't much demand for high sulphur coal anymore. A few years later the politicians in KY implemented a yearly unmined minerals tax. Anyway, that tax went unpaid so the state sold the property at an auction...probably to the corporations that bought the politicians. Add that tidbit to your wealth of knowledge.
Interesting. If he had the mineral rights but technically didn't own the land, was he responsible for the unmined minerals tax, or were the land owners?
I’ve watched a bunch of videos like this but no one discusses my number one concern, being surrounded by corn fields and the potential for crop dusting and herbicidal drift contaminating your homestead. Almost every property I’ve found is surrounded by corn or soy fields.
Being in south Louisiana it wasn't something I had given thought about. I guess that's why I didn't address it. We have sugar cane and strawberries and it hasn't been a concern to people I have sold land to. Thanks for your feedback, I'll look into it.
That's a GREAT question💯👍🏾
For those who watch the 'Homesteading' channels, know that a few of your favorites are either on 'Family land' or 'previously farmed/homesteaded land'. Or living in PRE-EXISTING homesteading communities. They just had to 'build' their gardens up or renovate existing homes or had license to pull RVs, mobiles, etc...
I don't really get what it is you're trying to say...they're doing this, as opposed to what, exactly?
@@rustinstardust2094 No offense but didn't you listen to the video? She's trying to 'teach' us about buying _Cheap land,_ I want people to know that some current Homesteaders, gardeners actually didn't have to BUY any land because they had it in their family already OR they purchased PREVIOUS Homesteads which CUT DOWN the cost of getting started with THEIR Homesteading dreams.
@@Ms.Byrd68 Erm...ok...what's wrong with that? Do you feel they were doing it under false pretense?
When I first moved to Colorado we purchased land without knowing any of this. We had to put in a well, but we did not have water rights. The subdivision owned the water rights and could restrict how much you use. My second house in Colorado I did not own the mineral rights which meant that there could be fracking under the property. That was one reason that we sold that house. The fracking started going crazy in the neighborhood with lateral fracking. So you're really do have to watch water, mineral rights and surveys. Live and learn.
How did they know how much water you used with your Well?
Buying land in a subdivision is about the same if not equal to buying a house in a subdivision. The people who own the subdivision still gets a sayso in what you do to your land.
Gather your community, and 'convince' the HOA to let you do as you wish.
@@tdeath9813 I believe it's the same way the water company knows how much you use, they probably put some type of gage on it to measure.
@@tdeath9813 Water rights are very strict in Colorado due to so many other states and companies being dependent on it.
If you buy property and plan on building start looking at the costs of building. Price of well, house plans, electricity, septic and even a foundation. A footing and stem wall foundation in rural Idaho for a 20x20 foot foundation was quoted at $20, 000 to $30,000 and excavation was about the same. $40,000 to $60,000 just for the foundation! The modular (Boxabl) we plan on putting there is $50,000. So we are looking at other foundation options. Crazy times for sure!
I have one acre of land my great-grandfather give me I'm so grateful for that
This was great and depending on where you live - mineral rights, timber rights, WATER rights!!! You can't determine the actual value until you know these things and have an accurate survey done.
Especially in New Mexico where water rights are not automatically conveyed with a piece of property.
Land for sale by owner and financed by owner is sold with cheap payments to people who cannot afford it who then miss payments and it is repossessed. Owner sells it again to another person, wash rinse repeat
Same strategy as a used car lot, buy here pay here, get repossessed here lol
Anything for sale by owner one needs to do their homework, don't do anything without an attorney present or at least legal guidance. Some sellers are looking for opportunities to capitalize on people's misfortunes. You do finance by the owner, miss a few payments, you'll be done! There's no recourse to protecting your best interest. Do yourself a favor, get an attorney! End of story!
I signed a contract for some acreage with $1K down, went to closing and surprised him with the other $19K.
Yeah, not always. More and more investors are going this route. It's not for everyone.
Lol if it's cheap buy it no payments
We were sold the idea of credit so much that we now use the term "owner financing". That's like calling home cooking "non-industrial food preparation".
banks are such a scam
Owner financing is still a credit situation.
@@AmoebaInk how so?
@@BullCheatFR It's just a loan provided by the seller instead of a bank.
Water rights are a big thing in the western U.S. Also, if you want farm animals, for tax purposes you need a certain amount of acres here in Wisconsin. Great video as always.
Thank You Dale.
This was great information. My family said I could buy a acre of their property. They have a mortgage on the property, and their finances are unstable. So after watching this, I think I will pass. Ty
Smart. More than one complication there! Hope that you kept your family relations intact.😊
I would get a contract.
Just make sure you’ve got a broker or attorney to draw up a contract
This is informative and thank you for sharing something like this. My husband and I found land in the country for 18,000. No restrictions
. We are buying a new manufacture home for 109,900
That’s awesome. What a great deal!
110k?! Nope
Please tell me it's a double wide. Right?!?!?!
Buying land isn’t the problem the real problem is you have to get plumbing and sewage and electrical and other kinds of fun stuff on your land
@Gemini Moon that’s true there are incinerator toilets or it wraps it all up like a diaper or compost if you have an acre with fruit trees, use a solar generator, and collect rain water.
The best kind of land is the land that has improvements.
@@George-nn8ui some places it is illegal to collect rainwater.
@@everythingisaworkinprogres5729 holy smokes! Which places?
@@TUKByV Kolob area around Zion NP. That was back in the later 2000s. A friend of a friend lived up in the canyon and that's what he said. Don't know the situation these days... But this is not exclusive to that area.
Why am I feeling anti-land buying vibes? I bought raw land in Texas about a year ago and I love every minute of it.
In what area of TX?
You are only renting that land
Your are renting the right to say you own
@@igot5onit214 How much are you "renting"?
@@gigiis526 everything I own including my kid's
I think I want to buy some land with a pond or maybe near a river...plant some veggies, fruit trees, some cherry blossom trees, make some trails...get a cat, a dog and just forget about everything.
Real estate agents do not like to sell land, they dont make as much commission off of it
One other thing, when someone says they have "SECRETS" to buy or sell RE, that is pure BS, there are no freaking secrets, we've been doing this stuff for 100 years within the applicable laws, when they say "SECRETS" that is a marketing ploy and you should be aware of anyone involved in real estate that has to use any "ploy" to get your business.
Love your channel!! Learning so much from you and your guests!! Thank you Kristina😀
Sometimes I think an agent for buying land is for people that are too busy or too lazy to do it themselves. If you spend the time to learn and have a title attorney you can do it yourself. Depending on your personality you may end up doing a more thorough job than an agent. Make sure you have title insurance too.
Nice vid! I like the interaction from outside enjoying nature with your guest. Great work!
Im soo thankful for this info.. This is EXTREMELY INFORMATIVE. OMG. IT'S SO MUCH TO DO.
Thank you for sharing your expertise. Well worth it when one knows of all the restrictions and pitfalls. One gets so romantic about land ownership. An oops really hurts the heart and the pocketbook.
Very true. Thanks for watching.
As an aeromodeller, I wouldn't buy land with a hundred foot restriction on air rights.
Stay persistent. Keep looking. I got lucky. Found 2 acres owner carry contract with an unused well. Persevere you will find your spot.
The other thing you can do if you are around a bunch of farmland is see if you could buy say 1- 5 acres etc from a farmer that had hundreds or thousands of acres. They’d probably do it for the right price
Nice tip.
Farmers often own non productive land that they would consider selling, but an easement is the necessary consideration as the land can be located away from any road.
I asked a farmer in my state and he stated the working farm and the government said only 20 acre plots. I only wanted 3-5 acres
This was great info. Want to get the book, too. I also check with FEMA just to see if it's in the flood zones, which would probably make flood insurance a major factor. My cousin was considering a divorce and wanted to buy a trailer on a piece of land. I checked FEMA and learned that this Missouri county was under 6-8 ft of water in 2017! You have to check a car history, too, if buying a used car -- was IT in the flooded area and is now being sold in your area?! LOVE your videos!
great info thank you and Ms Cheryl I'll be purchasing the book
I learned alot Last year.I discovered the land I was purchasing Was not wetlands I was Flood Prone And A Separate Survey. And So much went into Just Building The Grade. In The end I opted Out. My Financing Decided to Have Me use Some Money to pay my car loan. I opted out.
This is really great info. Thanks you two!
Owner-financed sales almost always revert to the original owner eventually. I'm not talking about theory or possibilities here, I'm talking about cold, hard reality. At some point, the buyer just walks away. Happens a lot. Crafty sellers know this, and that's why you see roadside signs saying "owner financing available."
Thanks for that information. I don't make a lor but I would like about 2 acres in the country to build a nice house on. Any suggestions?
@@deliciaford4343 Depends where you want it. Further from the coast and cities, the cheaper the land. You could find acres dirt cheap in Colorado, Wyoming, NM, AZ.
@@james5460 AZ? NOT. Obviously you havent really researched lately.
@@gigiis526 Yeah, whatever, like you know what you're talking about.
@@gigiis526 in parts of Arizona you can get land as cheap as 750 per acre
Thank you for this information I almost gave up on going the route of finding land.😩😩
Septic tank only holds solid waste
The drain field is what you're talking about that's where all the water drains back into the ground
A mixture of water and solid waste is held in the septic tank.
enjoy your videos- thanks for all the help!
Your video's are very interesting and informative . . . THANK YOU! 😊
Great information as always, thank you Kristina!
Thank you. :)
Great advice! I just love your energy
You are welcome, feel free to text me on Signal.
Thank you so much Kristina! Spot on as usual! Saving this video!
Another great video. SUBSCRIBED!
I appreciate all the tips really helpful for trying to find land been recommended alot of these lately
Very informative. Thank you.
Thank You.
Wonderful video. Thanks
Very informative video!
Can you talk about buying land with family members. Currently thinking about doing this to homestead
Thank you, Kristina and Cheryl. Seems like more and more money is needed. 😥
Kristina we Love YOU! Thank You!!!
Hi. I enjoy your videos. I live in the coast of N. Carolina, minutes from VA. On minute 5:33 you asked if anyone knew what that “snake hole” was. Well, I get those a lot on the easement between properties. After heavy rains part of the lot floods and crawfish wanders away from they main waterways into the property. When water starts to dry out they are forced to dig these holes to stay wet in the mud. I need to actually take a shovel and make sure but that’s what a local told me. I hope it’s not hornets. 🐝
Check about if it's in a flood plain too. Also talk to neighbors about flooding. In our area, some areas have some pretty major flooding every so often.
Great vid Kristina 👏🏼
SOLD! I bought Cheryl's book! 🙏😃✨
You made a very helpful video 🙏❤️
Thanks boo ! Very helpful
Thank You for watching.
Ty for the info
I really appreciate this video as a Boxabl and Tiny house reseller.
Kristina. Are you aware the housing are dropping drastically in Venice Beach Ca. It’s so so bad with the homeless doing crimes and lighting fires that people can’t afford to sell and no one wants to move in. They expect this to catch on to all the beach cities in Ca. The homeless are permitted to park their broken RC s and tents on the sand or directly on PCH. And they are not drivable.
Yes. I’ve spoken about it on my livestreams. It is the one area of the country that the home values actually dropped.
Yeah, I'm gonna need some land, for that tent.
Great resource!
Packed with first time info off grinding
Very helpful
I’m looking in Texas...maybe one hour or so outside of Houston 🤞🏽🤞🏽😎
it's rough finding some land that you can pop a prefab house on, Boxable looked amazing with the Casita, i can't wait to modify it a bit and tinker with the design (Safely and with the help of the manufacturer) I have ties to Salem, AL and there's a bunch of 7.5 K lots of land there. I live currently near LA, California, i think you know why moving sounds appealing haha much love and thank you for allllll the info you've put out there. Both entertaining and informational!
Why is it rough? Regulations?
I grew up in Louisiana. That looks like a crawfish hole.
You guessed it!!
I bought land for an investment. I pay $1500 a year for taxes, fees and cleaning. I`ll never get that back unless I build a home on it.
Buying her book 📖 today
Another item I have 5.9 acres. I have a usda farm and field number, but the state and county do not consider anything under 10 acres for farm . Though I meet all the income requirements on what I produce it is treated as a retail
LOL! "I totally fell in a hole!!!" AWESOME attitude!
Thanks Kristina and Cheryl! Fantastic information! And your "fieldwork" was a stitch! You put the fun in real estate! 😃
Thank you John.
One thing I ran into was water rights. why would you by land without the water rights.
In states like WV, water is plentiful and minerals can still be found intact.
Mineral rights....it's a lot
That's really cool that you mentioned allot of little things that people would of missed if they went and did the work on there own. Your awesome Thanks Robert
Her name is not Robert.
I was just about to google perc, thanks for asking :)
Pretty cool n informated
Congrats on 100k subs!! 💯 💯 💯 🎉
Thank you Kerry!
Congratulations on 100 subscribers I am listening in New Orleans La.
Thank You
Thank you for this great inf, please let me know if you have a home owner financing property.
I love to watch you ...you are so funny and down to earth. If my wife dies before I getting a boxable and a extra room for my bedroom. 800 Sq feet all I need. I looking for property now.
Those Boxabl homes should be out at the end of this year.
It also fair to inform newbies that you never really "OWN" the property. Owning today simply means you may pay less rent. And you control the property for time being. People who own property know this. Private property will soon be a thing of the past
Property taxes and land use regulations are every growing
Until the transfer to communism where no slaves own land they lease it. NWO thank the Marxists NWO
... over my dead body
Dead body...yes that is their plan.
That's right, if you squint hard enough at the closing contract, it reads that you are a tenant not an owner. Due diligence! Allodial title, deeds, trusts, title, land patents etc, oh my, what a racket!
such clever editing/KUDOS/always such a pleasure... entertainment/education = entereducatemeant / grinning so heard such clever editing ❤
This could be on TV, nicely done!
Or land zoned as agricultural, or land you'd like zoned agricultural...you're addressing it now...thanks
three years ago i found a beautiful 6 acre piece of land "with water". I asked the owner if he would do owner financing for 2 years until i could get bank financing for it. because here in WAshington state a bank will NOT finance land unless you already have building permits. which means you have to jump through all of county hoops before they give you building permits. The "shared well" ended up not being an approved water source by the health department so i needed to dig my own well. I was in a water companies service area so i had to get their permission first. they took 5 months to tell me NO, i couldn't dig a well, they wanted me to hook up to their lines with a price of $115k. I got a lawyer who looked up the laws to get around the water company. sometimes buying land can take way more time when having to deal with counties, permits etc. it is probably easier in different states that aren't run by democrats.
It is worse with fascist republican run state comrade, it was your responsibility to find out the restrictions on water. If there is a municipal water source in place then you are required to hook up, why do you think the former owner sold the property. Don't blame Democrat's and or republican run governments for your stupidity, also the area you live in has a republican local government
Wow, that's a sad story! You're spot on about the 'politics' ...thata why folks are moving to Idaho, Texas, Florida, Tennessee. Hope you got rewarded for your diligence and persistence
Whole lot of blaming the government and not a lot of personal responsibility from the insurrection losers.
I've been looking at land and a broker I talked to said that all land has to be paid off within seven years of the purchase. That doesn't seem right to me, is it?
Great stuff Kristina,
Thank You 😊
Air rights?! You have to be kidding me. It's my land, I should be able to breathe the air at any altitude.
Tennessee isn't so cheap now. Prices are going way above asking. Was looking. People are leaving crazy states for there in droves. Waited too long. Disabled so need a decent house to start but can handle a large garden and some livestock. Putting in a well and septic, etc along with a house with high lumber prices and other things to build is more costly than a place built now.
A lot of appliances and furniture has months wait now.
Have you looked at Kit Homes? They can cut down building prices by a lot.
Tennessee is being destroyed!!! I feel sorry for people that have lived that for generations!!
@@nightbasser73 I live in a small rural town of 12,000 in Tennessee and houses here (with NO land) are going for almost 300k... 2 years ago you could get a house on 5 acres for 150k
@@ginadecoste3954 that’s terrible!!! I hope the locals realize what real estate agents are doing to them!!
I purchased 8 acres of land in Jamestown TN
Is there any way to find properties with utilities without having to contact the county?
Selling land will be a problem... compared to city condos, etc... but if you can afford to live far and less people etc. You can own , me I am single.. so I can !
Have you had questions about tiny houses or modular homes for East Tennessee. I am considering both as I want to live debt free.
You made a nice view
can you put recommended links in your description to all informational resources she talks about?
Hey, write me on Signal
Do you recommend buying land from online websites for example like discount lots?
Your video seems more about legal technicalities. And some of the technicalities seem a little complicated and even costly.
Thank you for sharing helpful and informative videos!
I’m totally kinda broke! Oh wait.... I’m actually kinda totally broke!
I just subscribed. Is it possible to purchase land ready to install a manufactured home onto? If so how would one go about this venture?
as she mentioned in the video, drive around the area you want to buy in. look for lots with abandons mobile homes, lots with utility pole and box with nothing else ( previous owner may have moved trailer or had a large RV set up)
Interesting that you both think that Residential zoning is preferable. We are zoned AG and it's the only reason we can't really be harassed. Does this vary depending on state?
1:46 she doesnt even look both ways before crossing the road... kristina is FEARLESS
How do check HOA existents? I am in one and was the secretary/treasurer there is NOTHING hardly in the public record of our HOA or what responsibility the HOA had.
is anyone else worried about ticks whenever shes walking around fields?
Btw I have never had credit or a mortgage. Always bought on land contract or cash.
Its very simple. I bought my first property back taxes. Ummm duh.....