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NEVER Buy This Type of Land 

Wayne Turner
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There are certain types of land that may seem tempting at first glance, but can quickly become a nightmare for the owner.
FEMA FLOOD MAP www.fema.gov/f...
NEVER Buy Affordable Land Without Knowing This • NEVER Buy Affordable L...
NEVER Buy This House • NEVER Buy a House With...
Buying a House with a USDA Rural Development Loan • Buying a House Using U...
Are you considering buying land, but don't know what to look for? In this video, we'll tell you what NOT to buy - as there are certain types of land that you should NEVER purchase. Especially 'affordable land'! We'll show you examples and explain why it's important to make sure you're doing your research before investing in any property. Don't miss out on this essential guide to avoiding bad investments - watch now!
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DISCLAIMER The contents of this video are for strictly educational and entertainment purposes. This video is not intended to provide financial, accounting, tax, or legal advice. For financial or legal advice consult with financial advisor or lawyer.

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2 окт 2024

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Комментарии : 876   
@GorillaCookies
@GorillaCookies Год назад
I bought a 5.9 acre property from the previous owner who happened to live next door and owned multiple homes in the area. Well that was her claim. After 10 years of arguing with her about the property lines I finally just paid the $890 survey fee and it's a damn good thing to do. Turns out the rental home and pasture behind her place is my property along with the large field that she had been claiming was hers that separates her home and my side yard. The property line is actually 9 ft inside the bar / man cave type room they added onto their home about 5 years ago. Without permits I might add. She has been collecting rent from the house that's clearly mentioned on my property record as a 2nd dwelling. I had assumed that the 2nd dwelling recorded on my place was the shop. Turns out the shop was never recorded and she knew I owned the home she had been renting out the entire 11 years I've owned my place. She just lost the civil suit and I learn of the judgement amount in another week. She is also facing criminal charges for fraud and a few other related charges.
@noerodriguez7881
@noerodriguez7881 Год назад
Aleluya
@benbohannon
@benbohannon 10 месяцев назад
Great to find out that you have a fraudulent neighbor. only gets better from here!😂
@ticopowell
@ticopowell 10 месяцев назад
Any updates?
@elizabethturel78
@elizabethturel78 10 месяцев назад
Quite a stressful time. What happened to your criminal neighbor?
@pauledgewater8991
@pauledgewater8991 10 месяцев назад
Awesome! Best $890 spent in the history of mankind!
@jan_phd
@jan_phd Год назад
I bought county land, it was a dump. For 40 years everyone used it as a place to dump car parts, appliances, trash, and it was massively over grown, used for gang meetings, camping, homeless, etc. I could only use Google Maps to look at it. So the county got rid of it, and I was the only bidder. $4,000. for an acre. So I rented a skid steer and 3 helpers and worked for two months... a LOT of work. Now, it looks like a city park, 80 huge firs, fenced in, stunning beautiful, and appraised for $1.7 million. Sometimes the BAD, turns out GOOD.
@tejeda7324
@tejeda7324 Год назад
Where does an acre go for 1.7 million?😊
@carolmaplesden916
@carolmaplesden916 Год назад
@@tejeda7324 he said 4000$ an acer not that there was only one acer
@michaelb.8953
@michaelb.8953 Год назад
@@carolmaplesden916 Jan is a she not a he. Usually when someone says "$4000 for an acre" to me that is singular so that plot of land she bought was only a one acre plot, otherwise she would have said $4000 per acre. That is a crazy expensive one acre plot of land.
@whatta7793
@whatta7793 Год назад
@@carolmaplesden916 incorrect. She said "$4,000 for an acre". "an" implies one, a singular acre.
@whatta7793
@whatta7793 Год назад
What state/city is this land located to appraise for $1.7 million for a single acre? That's like southern California prices?
@HKilpatruck
@HKilpatruck Год назад
As a surveyor, realtors are generally our sworn enemies. It's good to see there are some that care enough to consider flood zones and appurtenances and encroachments.
@douglasrink
@douglasrink Год назад
now most agents have to take CE every year would like to see the electives being taught how to subdivide land, family subdivisions, monor and major subdivisions. At least in NC, we have ROUGE planners and zoning officials that DO NOT care about what you're trying to do and WILL NOT tell you what your best option is. To me, it's not the REALTOR so to speak to me its the PLANNERS that SUCK! IF they were so smart, why are they usually poor and have to take JOBS with security? It because they don't know...and they need to know you know.
@zackkazco2098
@zackkazco2098 Год назад
@@douglasrink I have never met an honest realtor that had my best interest
@SpiritualStuntman
@SpiritualStuntman 10 месяцев назад
Gotta tell the truth. Only way to do it
@creamysbrianna
@creamysbrianna 10 месяцев назад
It depends on what their role is, if they are acting as a seller's agent then yes they likely are going to really despise you. If they are a buyers agent not as much as their role is to look out for the buyer's interest despite getting part of the sale commission. Also how ethical they are and if they conduct themselves with integrity and ethics. A good realtor will look act with integrity and good ethics regardless of their role. It's in their best interest to do so. It shows buyers and sellers that this is a person you want to do business with in the future.
@HeronPoint2021
@HeronPoint2021 9 месяцев назад
I NEVER get a referral from a realtor. They basically focused on the coin: used car or vacuum cleaner sales, but bigger numbers. We used our family lawyer.
@mikehome6137
@mikehome6137 Год назад
Yeah, my Dad was shown 2 acres near Tallahassee that he bought and years later when he went to build on it he found out he actually bought the 2 acres behind it, with no access easement. He paid 2k for it, he paid taxes on it for years. When he passed I inherited it so went to find owners of the front piece, who live on the 5 acres next door to see about getting an access easement and they told yes, for 20k. Realtor long since dead but his daughter still doing people dirty in Aucilla County Florida. I donated it to the State as a bird santuary.
@arribaficationwineho32
@arribaficationwineho32 Год назад
Most states force landlocked owners access to their property. You gave your neighbor free access and use of your land
@0xsergy
@0xsergy Год назад
@@arribaficationwineho32 Especially since it sounds like this was a scam by the seller/real estate agent. He was shown a different section of land versus what was actually sold to him.
@dbabies82
@dbabies82 Год назад
@@0xsergy It's up to buyers to confirm any survey's or to get one done, before purchase, to confirm what they are purchasing. The agent could have in fact been clueless about what they were selling, too.
@fos9698
@fos9698 10 месяцев назад
I think a tarantula sanctuary might have been better.
@GeorgeKennedy-u4r
@GeorgeKennedy-u4r 10 месяцев назад
That stuff can be expected in Floriduh.
@curtainsup9
@curtainsup9 10 месяцев назад
Mom had a survey in the 1970's. A bit afterward, some people thought they were buying land from a seller/owner, but actually they bought part of Mom's land. Mom visited them and told them and had a lawyer mail them to my knowledge. Fast Forward to 2022/23 and we are surveying/dividing inheritance. The people who encroached years ago wanted to know why they weren't informed as our surveyor was on their property. ( So they disregarded Mom and her lawyer) I think they thought they could pull something over on us...but the tax maps and deeds and images prove them wrong.
@HeronPoint2021
@HeronPoint2021 9 месяцев назад
your lawyer should have that letter on file, and hopefully you kept a copy.
@JasperJanssen
@JasperJanssen 5 месяцев назад
From “a bit after” the 1970s to 2023? Sorry, you don’t own that any more. That’s the clearest case of adverse possession I’ve ever heard described. Your mom was negligent and lost the land, even if she once owned it.
@curtainsup9
@curtainsup9 4 месяца назад
@@JasperJanssen they never came over their fence line because they knew better. My family wouldn't allow them to take it all those years. It was only after Mom died that they thought they could pull a fast one.
@paradox11111111
@paradox11111111 4 месяца назад
@@JasperJanssen permissive possession and adverse possession are mutually exclusive
@ovni2295
@ovni2295 Год назад
When it comes to flooding, be mindful that flooding can happen multiple ways. It's not always "The river came to your house", sometimes it's "The water table rose and infiltrated your basement".
@meriadocbrandybuck9833
@meriadocbrandybuck9833 9 месяцев назад
My parents live on top of an 800acre underground lake. They have 4 sump pumps, a half basement and submarine battery backups to each of them. They are the only house that hasn’t flooded in 20 years
@ej2953
@ej2953 9 месяцев назад
Very true. My family farmhouse is near a creek. Growing up, there was a terrace behind the house that channeled water from the fields away from the house. At some point, my oldest brother removed that terrace for some unknown reason. The next big rain, the water came straight down from the fields and through the house. He hurriedly built a new terrace afterwards, but the damage from that flood is still there and it is a ticking time bomb.
@mikuspalmis
@mikuspalmis 2 месяца назад
​@meriadocbrandybuck9833 Where is this 800 acre underground lake?
@neslyleonvil606
@neslyleonvil606 Год назад
Buying a property or land without doing a survey is crazy to me
@leroyjenkins4811
@leroyjenkins4811 9 месяцев назад
You ain’t NEVER lied about that one! My father and grandfather both told me this. Pay the money to get the survey done in order to know exactly what you’re buying.
@johnfontenot7861
@johnfontenot7861 9 месяцев назад
The cost of a survey is crazy to me.
@leroyjenkins4811
@leroyjenkins4811 9 месяцев назад
@@johnfontenot7861 Either pay for the survey one time and get it over with or forever deal with all the problems and property disputes that come with not getting it done. I see a survey as money well spent. Surveys aren’t that expensive. I checked online. Folks were charging as little as $300/$400 and as much as $4000 depending on the size of the property. I want to know wha I’m buying. I’m not going to trust somebody’s word on the property boundaries. For example, in the video I believe it was mentioned the seller of the land was still living next door to the new buyer. The seller had built some structures on the buyers land that didn’t belong there. The buyer didn’t find that out the land the structures were built on was his till they did the survey.
@humpteedumptee8629
@humpteedumptee8629 7 месяцев назад
just depends on price. say your buying a small lot just big enough to throw a trailer on. would you spend a $1,000 to survey a $5,000 lot? or say your buying the lot next to your lot. do you really need a professional to exact gps locate the boundary? you cant measure 50-90 ft and build your fence a couple feet in just incase your wrong? assuming you have the previous survey records theres plenty of good enough measurements and examples where a survey isnt needed. obviously if your buying 30 acres in a wooded area and theirs no clear point of reference to whats what. you pay a guy to throw some stakes up.
@neslyleonvil606
@neslyleonvil606 7 месяцев назад
@@humpteedumptee8629 I get where you're coming from, and it's true that in some cases, a survey might seem like an unnecessary expense. However, there are a few key points to consider: Accuracy Matters: Relying on existing records or DIY measuring can lead to inaccurate boundaries. This could cause headaches with neighbors or even legal issues down the line. Future Planning: Even if you're just using the land for a trailer now, a survey can be crucial for future developments or sales. It's a valuable record for zoning, permits, or when selling. Peace of Mind: A survey gives you certainty about your property lines and can help avoid encroachments or easements. It's an investment in your peace of mind. Value for Money: The cost of a survey is often small compared to the overall purchase price. It's a worthwhile investment in the long-term value and use of the land.
@robertpeacock1635
@robertpeacock1635 Год назад
You touched on timber rights. I advise people to always get their timber rights. You may buy land that was once a tree farm and was clearcut, but company A still owns the timber rights for the next fifty years. Twenty-five years from now your family's apple trees will become part of "apple wood smoked bacon" and they owe you nothing along with you have to allow them access.
@stevenschnepp576
@stevenschnepp576 5 месяцев назад
That's the sort of thing that I would make the news for. I collect old and obscure apple cultivars.
@violetviolent7980
@violetviolent7980 18 дней назад
Well, that's interesting.
@theleafsprungjeeper
@theleafsprungjeeper 9 месяцев назад
This is pure wisdom. One can be anywhere in the world, watch your videos, and still be able to ask the right questions when buying property!
@MFrrFrr
@MFrrFrr 9 месяцев назад
Same thing in Europe (not flood zones, but other restrictions), same thing with easements, land borders, neighbors, trees, survey, etc...
@leebronock887
@leebronock887 Год назад
After living in St. Tammany we moved to Hancock County. We found out the hard way during Hurricane Katrina about velocity zones. That deserves a tutorial itself.
@pattybpillows
@pattybpillows 7 месяцев назад
My husband and I are looking to buy land. I am so happy that I started watching your videos. Learning so much, will be prepared.
@KPHVAC
@KPHVAC Год назад
I work in residential HVAC. After seeing what floods can do to a house I'm never buying anything in a flood area!! I want the entire property to be at least 40 feet up from any river or lake. Floods absolutely destroy homes and you will spend a year or two fighting with your insurance company to rebuild. It's just not worth it.
@TheRealWayneTurner
@TheRealWayneTurner 9 месяцев назад
Water is much more powerful than it looks.
@mariatorres9789
@mariatorres9789 6 месяцев назад
My house is right on a creek, part of it over the creek. I'm supposedly the highest flood zone risk. My house has never flooded, & it was built in 1896. Fema is a scam. Supposedly, every year, there's a 33% chance of flooding, according to their math. They don't factor in the 128 years that it's NEVER flooded. 😂
@iamsacredtransformations
@iamsacredtransformations 5 месяцев назад
Yes, it is. And, the insurance hassle can be horrendous!
@danpinsonsax
@danpinsonsax Год назад
I would add 3 things: 1) if you’re planning on grazing animals to do a soil test to make sure it’s not contaminated. 2) check with the EPA and your State environmental agency for the presence of Superfund or other environmental remediation sites. 3) unless the property has a land patent, you’ll probably not get mineral or air rights.
@pedrolopez8057
@pedrolopez8057 Год назад
If it has water wells, get them tested for pollutants.
@ryhu4755
@ryhu4755 Год назад
I always wondered who has the mineral rights if not the owner...
@MilwaukeeF40C
@MilwaukeeF40C Год назад
In my area it is rare to see mineral rights not owned by the surface owner. The only mineral down there is limestone and it is just easier for companies to buy the land they want to dig up.
@bcubed72
@bcubed72 Год назад
@@ryhu4755 They were sold separately, ages ago. Unless you can persuade Consol Energy (for instance) to sell you the mineral rights back, you're SOL.
@ryhu4755
@ryhu4755 Год назад
@@bcubed72 bought from who though? What a shit scheme.
@bwj999
@bwj999 Год назад
Also don't buy a hazardous waste site. Land aling a railway, old lode gold mine, gas station with underground tank, dry cleaner, or industrial land that may have had chemicals on it might be suspect.
@kfelix2934
@kfelix2934 3 месяца назад
So true and if you have any cleanup due to environmental, you will be stuck with the cleanup
@underthegreatwave
@underthegreatwave Год назад
Good contact and information. It’s like a 101 course and chapter for real estate. And these are the type of things that should be taught in the schools for people who want to buy homes.
@TheRealWayneTurner
@TheRealWayneTurner Год назад
I agree! Thanks for watching!
@HeronPoint2021
@HeronPoint2021 9 месяцев назад
People are trained consumers, and think/act like a home buy is like going to 7/11 for a coffee: all the same , all the time. It's tough to break that mentality. These TV shows don't help: what you DON@T see is more important than that new looking bathroom.
@BigDemocracyEnergy
@BigDemocracyEnergy Год назад
I’m learning a lot from you… I can see how your channel is going to continue to grow… You’re a great speaker, you get right to the point, you’re easy to listen to and you offer a wealth of information. I can tell you’re very good at what you do! I’m not even looking for a property. I just like watching your videos! 😂
@TheRealWayneTurner
@TheRealWayneTurner Год назад
Thank you. Our goal is to help people.
@funnyfarm5555
@funnyfarm5555 9 месяцев назад
@7:45 The correct term for the letter you speak of is Certified with a return receipt. Now here are a couple of caveats about them. 1. The customer does not have to sign for the letter; they can refuse it and you get it back marked 'refused'. 2. They can just let the time limit on the Post office holding onto the letter run out (15 days from 1st attempt). When the storage time runs out (they will get a second notice after 5 days), you get the letter back as 'Unclaimed'. Another way to send a letter to someone and have proof that you mailed it is to use 'Certificate of mailing'. You prepare the letter you want to mail, then go to the Post Office and ask for a certificate of mailing; once you have the certificate filled out the window clerk affixes the fee to the certificate, round dates it and gives it back to you and your letter goes on its way. One thing I will tell people is if you are getting into any type of dispute; keep copious notes and records because he who is better prepared usually wins in court. Retired Window clerk
@barbarabeckley8732
@barbarabeckley8732 9 месяцев назад
You should send two letters. One regular mail. One certified mail. With a return receipt. If they do not accept the certified letter when it is returned to you, please don't open it. Open it In court, if it comes to that. You will be able to show that you didn't try to pull a bait and switch. The second regular one will not be returned to you because they received it. Most people will not accept a certified letter they will suspect it's trouble coming. Keep good dated records. Retried letter carried.
@funnyfarm5555
@funnyfarm5555 9 месяцев назад
@@barbarabeckley8732 Best option is one certified and one certificate of mailing. In our state it is against the law to send a certified letter to a current renter. It has to be by ordinary mail, hence the suggestion of the certificate of mailing.
@SunshineDr2014
@SunshineDr2014 7 месяцев назад
I was recently named executrix over my parents’ estate. I mailed letters to all renters notifying them of my position, requesting contact info, repair needs, etc. Some aren’t using the physical mailing address but a PO Box. Three of 11 eleven letters returned. How do you give notices when you don’t have their mailing address for a rental? I’m going to be knocking on their door in a couple of weeks.
@funnyfarm5555
@funnyfarm5555 7 месяцев назад
@@SunshineDr2014Time for a new rental agreement !?
@billynomates920
@billynomates920 Год назад
my friend was talking about mineral rights yesterday. about how a local lord of the manor here in england is having to pay to *not* have gravel extracted from this chunk of land he re-purchased because somehow someone overlooked the fact the mineral rights were sold separately by the original purchaser.
@GeorgeKennedy-u4r
@GeorgeKennedy-u4r 10 месяцев назад
In south Florida, the cities love to hammer people$$ about code/building violations. People buy homes where the prior homeowner has done something w/o a city permit. This could be as simple as replacing an outside faucet or installing a window on the porch. It could have been done 30 years ago but the city doesn't care because they're so hungry for money. They will levy fines and attach your property if you don't pay up. They hit the people who can't afford it the hardest. Best do lots of research.
@TheRealWayneTurner
@TheRealWayneTurner 10 месяцев назад
Yep, and don’t rely on just what the seller or sellers agent is telling you. Double check everything
@moogman5
@moogman5 10 месяцев назад
In most countries you do not own the land, you only get a certificate of title/deed, you pay property taxes, and you file for permits and licenses for anything you do on it...We are all slaves until we outright own the property, mineral, air, and water rights completely. Most of us are just glorified renters, let's be honest.
@GrenshawHomes1977
@GrenshawHomes1977 9 месяцев назад
Yeah but at least I get to sell it...built 2 homes made 125k each...not bad for glorified renter😂
@TheGeorgeous
@TheGeorgeous 9 месяцев назад
You say it. But you don't mean it. There are many properties all over the country where there are almost no land taxes, no permits, no water no electricity. Getting all that done on your own because you don't like authority is often exponentially higher than "renting"
@HarrisonCountyStudio
@HarrisonCountyStudio 8 месяцев назад
@@TheGeorgeous …. Often a private agreement to bring in and construct water, sewage, roads, etc., is much cheaper than a government funded project. Once completed, the assets need maintained, and again, private ownership often take better care of their assets than a governmental agency that just throws money at problems. This all depends on the characters involved in the decision making.
@robertyoung2819
@robertyoung2819 5 месяцев назад
Just like in the USA... No one really ever owns their property... As... Until you die... You pay your rent (taxes)... Every year... Or... You will lose said property...
@shadowmistress999
@shadowmistress999 5 месяцев назад
I don't know about other countries but in Malaysia there are the 99 years tittle and the 999 years one 😂 the 999 years tittle also called permanent tittle and it's common in the market
@michaelchristian2642
@michaelchristian2642 7 месяцев назад
You talk about doing due diligence in every video. Can you please explain to everyone exactly how to do the proper due diligence? As a fairly new land and real estate investor with a few deals under my belt, I absolutely love your videos! Thank you for the content!
@fredmaxwell9619
@fredmaxwell9619 Год назад
The Base Flood Elevation is important and it needs to be done with the NAVD 1988 NOT NGVD 1929, which is used to determine elevation of the property. The 1988 is about 1.1 feet lower then the 1929 and FEMA uses the 1988 version.
@billwilson-es5yn
@billwilson-es5yn 5 месяцев назад
In Texas the seller is obligated to provide the buyer with a survey and description of the property after being given earnest money towards the purchase. That allows to buyer to compare what's shown on the older survey to what's currently present on the property. If there's an easement for utility lines or dirt road leading to different properties then those will be shown and mentioned in the property description. Roads leading to other properties need to be maintained so it should mention that cost being shared between the users. Sometimes it's an access road for the utilities to reach the ROW so they'll spend a dime to keep it in repair. Sometimes the road is being used by an adjacent property owner or the seller to access a far section of their property. That should be included in the property description and why they need access to it. The property they need access to must be producing income for the property owner to have access, such as raising row crops. If that's not shown on the survey or description then it's a private road on that property. The description will give you the boundary coordinates. You can use those online to have Google Earth mark those so you can get a bird's eye view of the marked property lines to see if any structures and fencing are encroaching onto that or neighboring properties or if the land you're buying is a long stretch of unusable land on a hillside. The property deed listed on the county tax office data base should show if it has any water wells and septic systems along with how much is taxed as residential and agricultural. It's hard to find property being sold with the mineral rights where oil & gas is being produced or coal being mined. Those were usually sold long ago when property owners were hard up for cash then had wildcatters coming around offering to buy the mineral rights for $10 per acre since nobody believed there were oil deposits in that region. Once oil was discovered, the rest of the property owners kept their mineral rights to collect production royalties then moved away after selling the property. The ptoperty deeds on the county tax data base should show if a property comes with the mineral rights. The county data base also should have a flood zone map that was drawn up by FEMA using a county supplied topographical map that shows the streams, creeks, rivers, drainage ditches, streets and highways. FEMA will have lines and dashes showing what got flooded during 100 year rain events and typical flooding of low laying areas after unusually heavy rains that tend to occur each year. The Army Corps of Engineers should have their own county maps showing protected wetlands and adjoining uplands that send runoff into the wet areas.
@LovingSoul61
@LovingSoul61 10 месяцев назад
This is so helpful! Can you make a video on the best land for homesteading/farming?
@TheRealWayneTurner
@TheRealWayneTurner 10 месяцев назад
Great suggestion! I’ll add it to my list of upcoming videos
@donspencer7795
@donspencer7795 Год назад
It's NEVER "your" property if you need "permission" to do anything on it! 😂😂😂
@bblauter
@bblauter Год назад
I gotta pay rent to the king, in the form of property taxes in PA
@juliemunoz2762
@juliemunoz2762 Год назад
You just buy the rights to rent from uncle sam.
@vmorr1
@vmorr1 Год назад
I agree. Property taxes forever sums it up. Don't pay them they'll take your property.
@kinvert
@kinvert Год назад
Property taxes is what creates the slavery. Income tax? I can grow a garden to eat, thanks anyway. Property tax? That's what forces us to work against our will.
@guntcheck
@guntcheck Год назад
It's never your property as long as property tax exists. Just don't pay them and watch what happens.
@carminelitterio5773
@carminelitterio5773 Год назад
I live in New Jersey, retired and looking to purchase land for my hobbies, a small farm. I must say that this video and a few others that you produced are very very informative. Hands down I will be watching more of your videos !! Thank you. Well done.
@TheRealWayneTurner
@TheRealWayneTurner 9 месяцев назад
Glad it was helpful!
@ruthlessreid9172
@ruthlessreid9172 Год назад
He's not joking I'm in Brunswick county NC I'm 38 feet above sea level witch is basically a mountain. Half of our county is swamp.
@purposeful49418
@purposeful49418 4 месяца назад
You don't have to be in a flood zone to have water issues! I'm in Michigan and we have 'wetlands'. The wetlands have their own map that you can lookup on the internet, but do you think the realtors or the sellers note this on their listings? Hell no. Buyer beware! At times the wetlands are dry, but when they're not dry, its worthless to build on. I called a local drain commission and the really nice woman on the phone laughed when I told her the parcel# I was looking at. She said, you'll never get a building permit for that area due to wetlands designation.
@TwitchingHour
@TwitchingHour 4 месяца назад
I’m impressed by the fair and measured approach to a complicated subject. You do a great job of nuancing the info, thank you.
@shang0h
@shang0h 4 месяца назад
Great advice and well delivered, particularly the small mentions about being a good neighbor while handling legal issues. I trusted the plat map and some previous staking when buying my 20ac, 5 years later doing a survey with two neighbors as they were wanting to do some logging on their properties and discovered a corner marker was about 6 inches from the edge of my driveway, and about 15 feet from their corner of the fence. Fortunately I'd made some effort to maintain pleasant interactions with those neighbors and we agreed to keep everything as is, in writing, and I let their loggers take 3 trees from the back corner of my property to help with the view they were opening up. It could easily have gotten ugly, but sometimes everybody can win.
@goalsandcashflows8476
@goalsandcashflows8476 26 дней назад
This guy is awesome. Thank you man . Straight to the point! No bs
@snowbird29803
@snowbird29803 Год назад
I recently discovered your channel and am enjoying your clips so-far. Being 70+ years young and moving around some, I've bought and sold a bunch of properties in several states. I found this clip very interesting due to you touching on easements and encroaching. W/o crossing the line of giving 'legal advice' can you make a video on these subjects sometime if not already? I wonder how some encroaching situations were (easily) handled...simple ones and more complex. I once sold a lot that was contiguous to my home property and my fence encroached on that lot a few inches for a short run. My lawyer created a "Fence letter" for me and the buyer that simply acknowledged the buyer's agreement of the minor encroachment. I think it might have been posted to the county too. This cost a hundred bucks and everybody was happy. One other case was my parents bought a vacation property in early '50s and in '70s they found a utility pole there one day. The pole was just to hold a guy wire, but was an eyesore. Long/short, dad was told there was a utility easement all up the block. He did some checking and learned that there WAS an easement up the block, but that was established well after mom n dad bought their property and none was on their Deed. The pole got removed forthwith...my dad was like that and I learned a lot from him. That was the start of my fascination with RE Law and buying/selling/investing.
@TheRealWayneTurner
@TheRealWayneTurner Год назад
Sure can!
@ripvanrevs
@ripvanrevs Год назад
I bought a fixer upper house 5 years ago for $9,900. A couple years later the utility company sent me a letter wanting to give me money for a NEW easement as the old easement was about 100 years old. The new metal pole is in and I got 3k that paid for tree removal, a gravity drain pipe to the creek, and an electrical service upgrade!
@scottsimmons7897
@scottsimmons7897 10 месяцев назад
A person can be ridiculously cautious too. If you think about it, a great deal of acreage lies in flood zones, along coastal and river areas. You just have to get it for the right price and be willing to take some flooding risk. Floods happen. If the land seems severally undervalued, it probably is for a good reason. Maybe the owner is behind the eight ball financially and needs to unload it.
@notpoliticallycorrect
@notpoliticallycorrect 9 месяцев назад
The information you gave us regarding mineral rights is invaluable! Thanks a million!
@whosaiyanji
@whosaiyanji Год назад
I subscribed because of how legit and informational you were in this video, i used to be an appraiser at harris county. Now i have my own property tax consulting firm and you are very knowledgeable. I think you should also tell people the property tax implications when developing certain lots!
@MitsukiTakeda
@MitsukiTakeda Год назад
I remember those storms in Tennessee a few years back. It was bad everywhere in North Middle TN. They knocked power in the county I live in offline for a few weeks and destroyed a few houses.
@bennym1956
@bennym1956 Год назад
Have a deed search included in closing...will discover alot of issues discussed. And if something is missed by the deed serach company, they have to pay to recitify problem.
@bennym1956
@bennym1956 Год назад
One thing he DIDN'T mention is beware of a HOA on the house or property you're buying !! Little DICtators will tell you what you can or CAN"T do with your own property !! Run like HELL !!
@Kevin-bl6lg
@Kevin-bl6lg Год назад
Shut up! Or you will get fined for disturbing the peace.
@MilwaukeeF40C
@MilwaukeeF40C Год назад
HOA or PUD shows up right on the real estate listing. Also, don't deal with people that don't want to advertise land properly in the internet age. Especially not a simple house on a lot.
@lelandsmith2320
@lelandsmith2320 5 месяцев назад
My first inkling that democracy doesn't work was when I worked for an HOA and saw how they treated people.
@jamesgodfrey1322
@jamesgodfrey1322 4 месяца назад
A friend from the USA had a large area of riverside land that was flood zone land, so he turned it into wet land and he added a large lake. He then put his house boat on the lake and life on it for years Now he used the earth he dug out for lake to create, in effect, a large island with foundations add at time now this island was well above the any flood line. Once his new island had settled, he built a large wooded cabin. and a fish deck.
@MKodus
@MKodus 5 месяцев назад
I’m going to buy a piece of land in Florida, you mentioned some informations I knew since before which I forgot. The video was very informative, and also guided me to things I didn’t realize! Thank you!
@TheRealWayneTurner
@TheRealWayneTurner 5 месяцев назад
Glad it was helpful!
@mzkittyjackson7346
@mzkittyjackson7346 8 месяцев назад
I wish the old man would want to explore like you guys and just for it. I am selling my properties in Chicago and looking for the farmland in Georgia. I too have a brand new rv that I was getting rid of but now that I see what you’re doing, shucks, I am keeping my rv and just going to sell the land at the summer getaway spot in seneca il. Now I will be watching youre channel more now that you are going to be rehabbing your new found rv. I can hardly wait until you get started. Hope you give us steps as you go along. I hate it when someone show you the raggedy and then a few videos later they are showing the complete item. Can’t wait
@Lemurai
@Lemurai Год назад
Lol, I’m not buying any property in Louisiana, especially down south.
@rafalsanbra9758
@rafalsanbra9758 Год назад
Great advice and information provided. Glad to have stumbled upon this channel.
@rochskier
@rochskier 9 месяцев назад
Thank you for packing so much information into less than 13 minutes! The only thing you could do to improve is do specific breakdown videos on flood zones, mineral rights, etc. Maybe you've already done those and I just haven't found them yet.
@sjagain
@sjagain 5 месяцев назад
In a court of law a return receipt isn't weighted as heavily as you might think. You have to PROVE what was signed for. The neighbor may claim although they signed for the letter, the envelope was empty.
@Joker-ig8im
@Joker-ig8im Год назад
Thank you so much for sharing your wealth of knowledge!
@wearblackclothes
@wearblackclothes Год назад
Idk why yt suddently started recommending me your videos...but i like it
@sigscout22lr
@sigscout22lr Месяц назад
Thank you for these videos! I'm learning so much! God bless you!
@Alex_Plante
@Alex_Plante Год назад
There can also be utility easements. That's often the case when the electrical and telecom lines are on poles along the back property line, and there are underground lines on the street. There will also be underground lines passing in easements connecting those aerial lines to the street to underground part of the network on the street (or if the line needs to cross a street). There may also be oil and gas pipeline easements. They can sometimes be very wide, much wider than the pipe, and are not always obvious because you can often still landscape and use the land. Also, if you plan to build or make major renovations, check the municipal regulations, especially for your zone. You may not be allowed to do build what you want to.
@rickgarcia8481
@rickgarcia8481 Год назад
One issue that many never consider after looking at flood zones, easements etc. Is power, There better be power close by, or you can end up paying huge money for something people taking for granted. You pay by the foot to run it to your home site on your property.
@my_channel_44
@my_channel_44 Год назад
For 10k you can setup a basic offgrid single-phase power system. Who wants to tie to an unreliable grid that's only going to get more unreliable?
@sallyjune4109
@sallyjune4109 Год назад
There's also propane.
@tookitogo
@tookitogo 5 месяцев назад
And not just power, also telecom. Good internet is no longer a luxury, and if the cable or phone company wants $30,000 to run cable or fiber to your home, you may be forced to use cellular or even satellite internet, which simply are not quite as good in certain aspects.
@lelandsmith2320
@lelandsmith2320 5 месяцев назад
@@my_channel_44 If you want to spend all your time maintaining it.
@Chatisthisrealquestionmark
@Chatisthisrealquestionmark 4 месяца назад
why not
@jshepard152
@jshepard152 Месяц назад
0:23 A note for Alabama buyers. In most places you have to disclose adverse facts. Not in Alabama. Alabama is a "buyer beware" state, and sellers there are under no obligation to disclose most things they would have to disclose in other states. So if you're buying in Alabama, you have to be extra careful, and you have to proactively ask questions. Per the AL Real Estate Commission: "Neither the seller nor the seller’s agents, unless asked, are required to disclose defects, except those which might pose an immediate health or safety risk to the buyers."
@mzkittyjackson7346
@mzkittyjackson7346 8 месяцев назад
One thing for sure with that rv in the road, wouldn’t be a bad idea a night to go shopping for replacement parts for your fixer up. I mean, hey!!! Only if it is abandoned and dumped
@rustinstardust2094
@rustinstardust2094 Год назад
Remember that your agent is not actually looking out for your best interests; she/he is looking out for their own profit. I'm a first time home buyer and I'm paying cash. My agent was adamantly against me getting an appraisal, survey, soil testing, etc. She made it sound like this was silly and buyers don't do these things. I'm now in the process of closing on this home and I'm very curious to find out how badly I was screwed.
@sallyjune4109
@sallyjune4109 Год назад
A realtor typically works in the SELLER'S best interest. You needed a buyer's agent. There are fewer if them, but they work for you.
@rustinstardust2094
@rustinstardust2094 Год назад
@@sallyjune4109 She *is* a buyer's agent.
@bbrcummins1984
@bbrcummins1984 11 месяцев назад
Always get a survey, no matter what
@TheRealWayneTurner
@TheRealWayneTurner 9 месяцев назад
No survey and appraisal wouldn't have been an option for me. You have a right to perform those things, and more, if you choose to.
@stevenschnepp576
@stevenschnepp576 5 месяцев назад
@@TheRealWayneTurner _Especially_ if the agent dismisses them like she doesn't want you to get them done.
@adamdnewman
@adamdnewman Год назад
FWI There are states that do not require a survey to be registered (filed) and many are not because it cost a little bit more $. Illinois is one such state.
@MilwaukeeF40C
@MilwaukeeF40C Год назад
In Illinois the counties do not want to record a survey of a lot single lot that is already on a larger recorded plat of subdivision. Unless land boundaries are actually changing there is no need to record anything and it would just clutter up permanent records.
@occamsrazor1285
@occamsrazor1285 Год назад
In case anyone would like to know why it is that the city or perish/county has the authority to tell you what you can and cannot do with your property, I believe it is because of "incorporation." Incorporation is essentially an agreement between the land owner and a civil jurisdiction to provide services like fire, water, garbage, sewage and power to the private property, but you agree to abide by a set of rules to benefit the community. Cutting down a tree on your property may not effect the community BUT without that restriction, EVERYONE could cut down all their trees, which could cause soil erosion for example. This could negatively affect the community as a whole. The original job of government was to manage the commons (see The Tragedy of the Commons. The Commons were pasture land used to graze animals. Without a community dividing up time amongst the citizens, the Commons could be over grazed and effect everyone, so government was created to manage that. That is essentially the root purpose of government, no pun intended), and so you enter into an agreement to abide by those rules. More specifically; at some point in the past and owner of that property entered into that agreement at the time of incorporation, and that's binding across owners.
@ViktorShatailoff
@ViktorShatailoff Год назад
We also faced a similar problem. The previous owner sold all rights to the development of the TDR. There is no way to build a single house on a 40-acre lot. How did you solve your problem? Did you manage to transfer or restore the development rights of the TDR?
@occamsrazor1285
@occamsrazor1285 Год назад
@@ViktorShatailoff I don't have that problem (I live in a suburb). I have family with 160 acres in Montana though. Whole different story though. My family's land was never incorporated. Water is well, sewage is septic and power is some sort of direct negotiation with the power company (I don't know the specifics, but I remember my Grandpa had to pay to run the transmission lines through his property when he had the new house built. Old house was gas and generator). I was just repeating some of the land rights laws I've picked up (or think I have, anyway. I could be WAY off base).
@SharonStar62
@SharonStar62 Год назад
I just now came across your video channel scrolling through you-tube , very interesting greatly enjoyable to listen and learn of this side of real estate / homes and property's.. I'm trying to learn extra to b able to help my daughter with her do's and don'ts as a first time home buyer with in the next year, so much to b so caution of these days purchasing a new 🏠 Thank you for sharing❤❤❤
@JangeerAkrayi
@JangeerAkrayi 10 месяцев назад
Thanks Wayne for this awesome knowledge you provide in your videos, very informative for future real estate investors.
@TheRealWayneTurner
@TheRealWayneTurner 10 месяцев назад
Glad you found it helpful!
@blakespower
@blakespower Год назад
I grew up on the Cheaspeake bay used to be fairly low income area North Beach Chesapeake Beach then in the 90's all the land became super expensive as real estate speculators drove up the prices, then they built Horrible Condominiums right on the Bay blocking everyones view of the water, the town was built on a marsh but they did fix the flooding problem, and the smell it smelled like fermented swamp mud
@jonmayberry8291
@jonmayberry8291 Год назад
Thank you for your excellent advice much appreciated
@matthewronson5218
@matthewronson5218 10 месяцев назад
I was in H.S. in Northern Michigan when an acquaintance had an oil company come in and drill for oil and hit some. It'd be easy to think that that 80k (or whatever) is set for life, but they will shut off wells when the market conditions warrant it, so I'd want to know what happens then and do they remove everything if that well dries up or is no longer viable.
@laurahardgrove955
@laurahardgrove955 6 месяцев назад
Dried up wells just sit there with the equipment rusting through the years. Just in case they want to try to run it again later.
@followyourbliss101
@followyourbliss101 7 месяцев назад
one thing i always knew was ALWAYS make sure you own the mineral rights... and in some places the air rights can also be incredibly valuable. but for sure, the mineral rights.
@dmitripogosian5084
@dmitripogosian5084 5 месяцев назад
Are mineral rights for sale everywhere in US ? In Canada you basically cannot have mineral rights (there are exceptions), crown owns mineral rights
@ViktorShatailoff
@ViktorShatailoff Год назад
Bought a plot of land without the right to build! the previous owner sold all rights to TDR! Can you please tell us how we can restore the rights to the development of TDR? Who can you recommend on this matter? Or write a possible solution here
@TheRealWayneTurner
@TheRealWayneTurner 9 месяцев назад
I think a real estate attorney would be your best bet
@seamesa4829
@seamesa4829 7 месяцев назад
Mr. Turner thank you for this education.
@judahross
@judahross 8 месяцев назад
I love your videos. Super informative and great attitude towards RE business and life!
@oleopathic
@oleopathic 4 месяца назад
Civil engineer, here. Wetlands are very important and need protections. This is often incompatible with RE developements. I'll leave it at this.
@TheRealWayneTurner
@TheRealWayneTurner 4 месяца назад
I agree!
@Astroponicist
@Astroponicist 5 месяцев назад
why people who live on land that floods never consider building a house boat on the land is a mystery to me. just because the land is dry when you buy it doesn't mean that it will stay dry or that the flood level will be what you expect it to be.
@1nePercentJuice
@1nePercentJuice 4 месяца назад
Smart man. This video wasn't made for me but I still found it fascinating
@missmiller730
@missmiller730 Год назад
Thank you for this. In OH, not too much flood problems, but Mineral Rites.......ohhhhhh yeah. Yes. I would love an $80k oil check too. 😊
@radfoo72
@radfoo72 4 месяца назад
I appreciate you sharing this information💯
@margaretburnham5683
@margaretburnham5683 5 месяцев назад
I truly appreciate this video. Thanks from Arizona 😊
@TheRealWayneTurner
@TheRealWayneTurner 5 месяцев назад
You are so welcome!
@RafaelSwit
@RafaelSwit 9 месяцев назад
Since we’ve been looking for a house to buy here in NC, every single seller opted to mark ‘no representation’ on property disclosure statement. Why even require such a form, if they don’t really need to disclosure anything?
@SolarBuck
@SolarBuck 6 месяцев назад
I bought land in Oklahoma in a Wilderness area. I was told that no one is given access to the mineral rights. I wanted it for just the raw land. It has no utilities to speak of and even cell phone coverage is non existent. A survey will cost me around $6K-8K but I have found 3 of the original property stakes. Should I be concerned that I don't have the mineral rights? I did ask about drilling a well for water and was told that is not an issue. This is the Kiamichi Wilderness and I own 5 acres in phase 2.
@TheRealWayneTurner
@TheRealWayneTurner 5 месяцев назад
Not necessarily.
@wesleymcdougle2399
@wesleymcdougle2399 8 месяцев назад
Awesome info, keep going, I’m enjoying all of it!
@1stNlastcall
@1stNlastcall 5 месяцев назад
Good video. Pure info and no weird YT personality b.s. TYVM 👍🏾
@TheRealWayneTurner
@TheRealWayneTurner 5 месяцев назад
Glad you enjoyed! Thank you!
@abuahmad1024
@abuahmad1024 9 месяцев назад
Thank you for this wealth of information
@johnnovick1643
@johnnovick1643 7 месяцев назад
Could you do some videos on buying raw land to set up a homestead that is off grid. i.e. no sewer , no water, no electric and no lp gas with the right to have ones own farm animals for the property owners consumption ?
@zaxxon4
@zaxxon4 Год назад
Building in a flood plane is always a risk. I have a photo of my grandmother standing in front of her first home, about a block away from its foundation. That was after 1951 Kansas City flood receded. She had insurance, so it wasn't much of a setback.
@superdave8248
@superdave8248 Год назад
one of the property lots near be recently went for sale. It was 2/3 of an acre with a small home and a large back yard. The buyer ended up flipping the property. Sold the home on 1/3 of an acre and put the other 1/3 (the main back yard) as a separate lot to build another home on. Now this original property's back yard is lined by a creek. I'd even argue the main part of the back yard is on a flood plane. But as I write this construction of a new home has already begun with a creek probably no more than 15 feet from the side of the house. Further, once the foundation was completed, they came in with top soil and angled it away so that any water from the roof would be directed right to the creek. I called BS on this and started looking. I just knew this property had to be on a flood plane. You want to know what I discovered? The state never evaluated for flooding at all within the town limits. Outside of town is surveyed quite well but within town not a single piece of real estate is deemed to be a flood plane. And the crazy thing? I have seen entire streets and backyards absolutely flooded after heavy rains. There is probably more property in this town that is flood possible than not flood possible. So when it comes to insurance, do you think the future home owners will get proper coverage? The answer is no. As far as the state is concerned there is nothing to indicate the property would ever flood. Creek be damned. Heavy rain be damned. Snow storm be damned. I give 10 years before the foundation begins to sag or black mold becomes a problem.
@hamburger512
@hamburger512 Год назад
Sounds like her house was set back quite a bit
@biglemon204
@biglemon204 Год назад
"Wasn't much of a setback"? She lost all of her belongings, family photos, family heirlooms, absolutely everything. That's a hell of a setback. Insurance only gives you money, it doesn't replace everything you lost.
@Vietnamkid1993
@Vietnamkid1993 Год назад
Thank you for the videos. I’m thinking of buying property soon and I’m receiving a wealth of knowledge of gotchas from your videos!
@patrickpowell2236
@patrickpowell2236 Год назад
9:42 best description of Hurricane Katrina. Ever.
@pauledgewater8991
@pauledgewater8991 10 месяцев назад
Great video, though it's a bit sad that we never really own our real property; we have to share with the government. Ugh!
@C5Rose3
@C5Rose3 8 месяцев назад
Encroachment: Ive always heard that you have to be careful with neighbors using or caring for the property near yours. That if they say mow into your yard or have part of a flower bed or shed on your property that it will become their property after 7 years or something like that. Is there any truth to that?
@WildDisease72
@WildDisease72 9 месяцев назад
I bought land and then parceled it out for 70ft lots and made $4M on $100k property in the middle of nowhere due to building homes for migrants
@amazonkee74
@amazonkee74 Год назад
Thank you! Great information.
@Baasicstuff
@Baasicstuff Год назад
that bridge is to loud WTH city?
@kai-reauxkleckley3790
@kai-reauxkleckley3790 5 месяцев назад
Thank you for the very useful information
@TheRealWayneTurner
@TheRealWayneTurner 5 месяцев назад
Glad it was helpful!
@innerharmony11
@innerharmony11 9 месяцев назад
Looking to build on land. Great information. Thank you!
@ah5721
@ah5721 Год назад
Thank you for this helpful information. I Also want to add make sure you have the water rights to. Some places don't even let you collect rainwater or use the creek to water your plants 😢.
@christopherschied1197
@christopherschied1197 9 месяцев назад
Great, informative video. I was intrigued by the comment to keep the mineral rights. I am looking at land in Pennsylvania and not a single one will relinquish or sell mineral rights. What would be the alternative?
@TheRealWayneTurner
@TheRealWayneTurner 9 месяцев назад
I personally would not buy land without owning the mineral rights.
@cecilmckeithan5088
@cecilmckeithan5088 Год назад
Easement on the property is one thing but more importantly be sure it’s not land locked and you have a easement. Live in NC and have seen several people buy land and not realize they have no access to it. Just because there’s a road running to it doesn’t mean you have the right to use it.
@ripvanrevs
@ripvanrevs Год назад
Helicopter?
@GBR9794
@GBR9794 7 месяцев назад
@@ripvanrevs nah, underground driveways
@parajerry
@parajerry 5 месяцев назад
@@ripvanrevs Then the neighbors complain about the noise. You can't win.
@rondye9398
@rondye9398 4 месяца назад
Many States (Oregon) don't allow land locked parcels to be sold. You can force an easement, but lot's in Lawyer fees. Best if you can work out a compromise that benefits you and a neighbor, rather than the money in a greedy lawyers pocket.
@bestbladerevah
@bestbladerevah 5 месяцев назад
Don't buy the land, cause I need to buy it
@brianholland77
@brianholland77 7 месяцев назад
Sounds like you are near my area. I'm here in Hammond La. Love your videos👍
@americanfreedom1777
@americanfreedom1777 5 месяцев назад
Hmm, what about "portable housing" with independent utilities?
@lucasdeaver9192
@lucasdeaver9192 Год назад
I like your videos. Useful info although I'm from the north east but there's a lot of similar issues, wetlands, agricultural land, utilities etc. Buying land looks cheap until you figure in all the variables. My concern is all the beurachracy. I can build a house and would general contract that myself. I would pay someone to handle all the red tape with the town. I wish there were more services like that available.
@bobwest1
@bobwest1 Год назад
Very informative and useful info Thanks
@DMWayne-ke7fl
@DMWayne-ke7fl 5 месяцев назад
A good survey of a property that hasn't been surveyed in a while is going to cost 2k *minimum*.
@KravMagoo
@KravMagoo Год назад
I knew that was Madisonville before you named the river.
@andrewhoover4641
@andrewhoover4641 Год назад
Wayne, can you address the importance of discussing your plan for a property with the planning department before closing. Oftentimes what is in the code needs further clarification or they will outright stop you if the use does not conform to their comprehensive plan.
@staresce
@staresce Год назад
Well if they initially approved it before the land was bought, can they really go back later and stop it ?
@ViktorShatailoff
@ViktorShatailoff Год назад
We also faced a similar problem. The previous owner sold all rights to the development of the TDR. There is no way to build a single house on a 40-acre lot. How did you solve your problem? Did you manage to transfer or restore the development rights of the TDR?
@MrCdog85
@MrCdog85 5 месяцев назад
Watching this as if I'll ever own a piece of land.
@jasonroberts9357
@jasonroberts9357 Месяц назад
You can do it bro! Get some land(if you want to)!
@kevin-n6w8w
@kevin-n6w8w 10 месяцев назад
Great information
@TheRealWayneTurner
@TheRealWayneTurner 10 месяцев назад
Glad it was helpful!
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