How to Buy Properties Through The LAND BANK (even if you're broke)

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Today's episode is with Charles Noonan, who has grown a portfolio of 34 properties and over 60 acres of land by leveraging the Land Bank. Charles draws on his vast experience to shed light on how land banks work and the unique opportunity they present, including the power to quiet title and grant outright ownership post-purchase.
In this episode, he also discusses the costs of a full rehab and reveal how to tap into resources that streamline the process. The land bank can be a great opportunity to look into if you are an investor with limited capital. Some land bank properties that need rehab can be purchased for as low as $1,000.
How to find him
IG- @charlesjnoonan
RU-vid- The Land Bank Show
Apply to Out of State Investing 4-Week Workshop- www.outofstate...
This video is about: detroit land bank,land bank,atlanta-fulton county land bank,land banks,landbank, buying property from land bank, real estate investing, the land bank show
#landbanking #landbankinginvestment #landbank

Опубликовано:

5 окт 2024

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Комментарии : 79

@blackrealestatedialogue Год назад

Apply to Out of State Investing 4-Week Workshop- www.outofstatemoney.com/workshop

@GRINDETHIKSMIXTAPESHOW 6 месяцев назад

no My King u got New Burg New York that has a lot of empty real estate

@blackrealestatedialogue 6 месяцев назад

thanks for sharing!@@GRINDETHIKSMIXTAPESHOW

@saleenhenry5541 3 месяца назад

I applaud you brother. I am an immigrant working in construction living in new york i see that we can build the city but cant afford to live in the city. Its stumbling an information like this that has changed my life. Thanks brother keep spreading this information and help us grow. I would like to learn more about this process.

@godfearintrucker 9 месяцев назад

Debt Free Doors for the next generation! That’s real generational wealth!

@blackrealestatedialogue 9 месяцев назад

Thanks for the comment!

@stephaniedewitt3505 Год назад

Always dropping Gems!!! This message is powerful! Thanks for sharing your experiences!

@trutinamaria123 10 месяцев назад

This is fire. I have been listening since last week and I am already 30 episodes in...but this right here! I barely have more than 2 pots to pass in and I am trying to figure out how to make this happen. Like what!!! Man thank you thank you, thank you for sticking with your channel. This has really opened my eyes. I am getting in older, yet inspired and very optimistic

@blackrealestatedialogue 10 месяцев назад

This really means a lot to me, seriously. Thanks for your kind words I appreciate it. I'm glad that that I can encourage you!

@livefordance4770 8 месяцев назад

This right here hit different. I have bought and sold, got in over my head trying to keep up with the payments. I heard on clubhouse about the land bank and have been researching it and I found you!!!! Blessssssssing!!!!!!!!!

@blackrealestatedialogue 8 месяцев назад

So glad you’re here! Welcome to the fam!

@ronaldwest7592 10 месяцев назад

I Love This ! Just subscribed. I have been learning for a while and only have one door that I am fixing up to sell. Seeing this excites me and gives me tons of ideas. thank you for the content.

@blackrealestatedialogue 10 месяцев назад

I’m so glad it helped you! Wishing you the best on the first door

@brotherkossi 9 месяцев назад

Most land bank listings I came across require proof of funds to cover reno. Usually, the amount is pretty high. Needs some financial readiness to get started.

@blackrealestatedialogue 9 месяцев назад

Thanks for that insight!

@xhir2012 4 месяца назад

Yep! That's the process here in St. Louis

@shereetaylor232 2 месяца назад

I would say get 3 to 5 quotes to fix the house. They apply for a loan like a checking line of credit. Where the offer u more money but u only payback what u use.

@smoney7844 День назад

@@xhir2012were you view land bank properties in st louis?

@takemeaway121 Год назад

Great episode 👏🏽👏🏽 Charles is a master on landbanks! Thankful for the information 🙏🏽

@blackrealestatedialogue Год назад

Thank you for tuning in!

@shaqsmith6562 3 месяца назад

Thing is landbank properties are bid on (at least in Detroit) and they are not a secret ,so you have to have money in order to win the bid ,then the county requires that you rehab the property in a certain amount of time or they take the property back and forbid you from participating in the landbank auctions again. Also the landbank properties are usually in need of full rehab so that costs you a lot of money ,thus defeating the opportunity to purchase on the cheap and rehab them

@nickobrien8043 2 месяца назад

Not to mention sometimes the “purchased” property has an agreement that if the property is not rehabbed within the specified amount of time in your contract you then loose your money, investment and the property.

@shereetaylor232 2 месяца назад

Really

@tabbott429 3 месяца назад

Most of these houses are teardowns at best and would cost many tens of thousands to rehab. Hazardous material removal/ containment. Its not helping anyone but the city collect tax revenue while you go broke fixing it and then cant recoup cost because of its location. Youre lucky if it isnt vandalized before you even get 25% of work done.

@leanavision4738 11 дней назад

The best thing to do is find any vacant land that is offered that way you have a clean slate.

@Athletic_dom Год назад

Great conversation I appreciate the education

@blackrealestatedialogue Год назад

Thank you for tuning in!

@natashaw1050 11 месяцев назад

Thank you for this interview❤❤

@blackrealestatedialogue 11 месяцев назад

you're welcome and thanks for watching!

@TropicTrdr 6 месяцев назад

Just stumbled upon your channel. I appreciate the candid explanation on how land banks work and the experiences of your guest. I lived in St Louis for awhile and they have a land bank there but I'm not sure how active it is. .

@blackrealestatedialogue 6 месяцев назад

Welcome aboard!

@Georgek.Muringa 8 месяцев назад

THIS Awesome manh

@blackrealestatedialogue 8 месяцев назад

thank you!

@exfolios 9 месяцев назад

Does the Detroit Land Bank sell to ANYONE, and I mean anyone who has means to develop? Do I have to be a Michigan resident? I live in Las Vegas. I want to buy homes, fix them, and rent them out. Maybe I shouldn't bother with DLBA and just find other homes on Zillow that they don't own? Thank you.

@quickvance6276 8 месяцев назад

Yes but you are required to have a registered business in Michigan.

@kjfrederick838 7 месяцев назад

Great content..Thank you!

@blackrealestatedialogue 7 месяцев назад

Thanks for watching!

@goudagalindo1790 5 месяцев назад

Great advice

@blackrealestatedialogue 4 месяца назад

Thanks!

@MsTM-bt2tu Год назад

Thank you!

@blackrealestatedialogue Год назад

You're welcome!

@theman-kq2uj 10 месяцев назад

But why do they don't sell at the auction is the question

@ChanelKarter 3 месяца назад

Can you do 1 on ones? I’m new to everything

@rosalindkelly9682 7 месяцев назад

I'm trying to find an acre of land to put a modular home on

@latoyam6288 3 месяца назад

Me too

@nastyelgic3602 7 месяцев назад

What website do you go too?

@carametamorris5781 6 месяцев назад

How do i join the land bank

@SamMcKinley Год назад

Great show. I have a few lots. I’m in NYC. I have to connect with him.

@blackrealestatedialogue Год назад

thanks for tuning in!

@KingBigCle32 Год назад

Nice 👍

@cynthiawiggins8884 10 месяцев назад

How do you connect with the guest Charles

@blackrealestatedialogue 10 месяцев назад

here is his ig instagram.com/charlesjnoonan/

@Jassupb02 4 месяца назад

How do I find information abt land bank Farmingdale Ny area ?

@blackrealestatedialogue 4 месяца назад

I would Trying looking up if they have one

@williamellison7981 6 месяцев назад

What about the water hook up ?

@blackrealestatedialogue 6 месяцев назад

Personally I’m not sure how that works

@williamellison7981 6 месяцев назад

Detroit selling lank bank houses then there charging the buyer 10,000 to hook up water lines. It’s a big issue

@creebuddha 6 месяцев назад

Not 100% true for tax liens, a big benefit of tax liens that ppl don't know is tax liens are governmentz mandated, yes there is a redemption period, if they redeem you get the money you put up for the lien back + interest, if they don't redeem you get the property for the price of the delinquent taxes its a win win either way... Now with the landbank team you own it outright no redemption period which is just amazing and that's why I joined the team this month

@blackrealestatedialogue 6 месяцев назад

thanks for sharing!

@GigiLee-p7f 3 месяца назад

I am NOT interested in HOMES. I am only interested in LAND so I guess this does not apply to me.

@blackrealestatedialogue 3 месяца назад

Land banks sell land too

@4everPhire22 3 месяца назад

ru-vid.com9NOBgD862YI?si=5g5_l6gfyI67wKZE

@jenniferoviawe 5 месяцев назад

Why is the land so low? Is it gang territory?

@JustOutHereTrustingGod 3 месяца назад

I just want to buy land and build my own home on it.

@tradesecretsthebusinessofb4479 2 месяца назад

Are you having another challenge?

@hippiehomesteader2377 9 месяцев назад

Man 500k to live in the city wow , you can get a 5 bed 2.5 bath house on Chautauqua lake NY for less then that

@blackrealestatedialogue 9 месяцев назад

That’s crazy! Funny enough I went to school in western ny

@hippiehomesteader2377 9 месяцев назад

@@blackrealestatedialogue good vid, was looking for a second property for Air b&b found one close to lake Eire on land bank thats what brought me to you

@exfolios 9 месяцев назад

The Land Bank is exclusive for michigan residents only. They are not interested in outsiders Moving in. Detroit will take forever to develop. Outsiders will quickly decelop the neighborhood blight, making more homes quickly more available, helping detroit rebuild. But no. Of the losers, by the losers, and for the Losers.