The Anatomy of a Land Deal (A Comprehensive Case Study)

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If there's one request I've heard more than anything on this blog - it's from people who want me to put together a GIANT blog post about what my typical land deals look like, sort of like an "Anatomy of a Land Deal," so to speak.
It's a great idea, and for the longest time, I've had every intention of doing this - but given how much time this kind of blog post and video would take (to closely follow AND document the entire lifecycle from start to finish), I kept pushing it down my list.
Of course, I explain this process thoroughly in the land investing course that comes with a membership to the Land Investing Masterclass. Still, I also realize there's nothing quite like seeing a comprehensive case study of a real-world transaction.
So I've decided - it's time to do this.
This blog post will give you an in-depth look at one of my recent land deals.
It basically took me a full year to write this blog post. Why? Because I didn't want to publish this until I had completed the ENTIRE buying and selling process.
Sometimes this process happens quickly (i.e. - within a few weeks), but in this particular deal I'm about to show you, the timeline stretched out a bit longer than normal... because that's just what happens with some deals.
In the end, this deal delivered a solid profit. There were a few bumps along the way, but overall, I think it went fairly smoothly.
As with every deal, new lessons were learned, old lessons were reinforced, and I walked away a little bit wiser about how to handle the future deals I do.
#realestateinvesting #landinvesting #landflipping #retipster #realestate #casestudy #sethwilliams
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Опубликовано:

8 сен 2024

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Комментарии : 55

@terr104 6 лет назад

Appreciate your honesty , When you mentioned how one of the title companies didn't respond positively , it shows that no matter how experienced you are -you will constantly face these issues. You didn't try to hide these and didn't try to show the sexy part only...

@LandAcademy 6 лет назад

Thanks for showing us the anatomy of a land deal, Seth. Appreciate the knowledge and the video.

@RuralVacantLandcom 6 лет назад

Some of the counties in NM don't even have zoning or building permits! That's an easy resale.

@waleedyousif1546 6 лет назад

I am still learning about investing in land, but wouldn't be harder to resale when you don't have zoning or building permits!

@joanjames1837 4 года назад

What counties?

@markhansen861 3 года назад

That's called a cemetery!

@elmocotton3078 4 года назад

The advantage of an MLS listing is to have agents bring you offers. If your gonna make tens of thousands you can put a nice commision on it and these local agents will sell it . I am a Broker myself and found out if I put a 1,000 bonus on the commission these agents come out of the woodwork with offers

@Retipster 4 года назад

Yeah, but some agents and their clients have blinders on when it comes to land... many of them are looking for houses, not vacant lots - most "normal" realtors have a bit of a different audience, I've found.

@resilientfarms253 6 лет назад

Incredible video, Seth! You have become one of my most trusted and informative 'mentors' on the online space in terms of investing. Thank you for doing what you do, and in such a humble and precise way. In a world full of hot air, it's been a real pleasure to discover your great work, recorded articulately, and presented in an ethical way. Thanks again. **Also**, have you thought of perhaps setting up a Patreon account? I'm not in the position to sign-up for your course and don't really need any templates at the moment, but I would like to contribute to what you do because I get a lot of value from it. If you have one already, please respond with the link. If not, I hope you consider it because I'm sure there are lots and lots of folks out there like me who would, if anything, just like to throw you a 'tip' as I would my favorite bartender for going above and beyond. Cheers!

@Nigriff Год назад

Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming do not levy state income taxes, while New Hampshire doesn’t tax earned wages.

@norxcontacts 6 лет назад

This was amazing! Must have been a lot of work to get this all together, thanks!

@austinacton2696 4 года назад

Those maps were made using GIS (Geographic Information Systems). It’s what I do in my full time job.

@mariahmartinez3088 4 года назад

Do tell 🤔 Do you have an email you can be reached at ?

@austinacton2696 4 года назад

Gabriela Carrillo you can find me on Twitter or IG @mraustinacton ...feel free to message me there

@mlmbros2020llc Год назад

Thank you Seth. Appreciated every single minute of the video!

@Retipster Год назад

Thanks for watching!

@frankinfantino9490 6 лет назад

Nice job! Do you keep a list of the states you’ve worked with all the advantages and disadvantages for each one?

@RuralVacantLandcom 6 лет назад

New Mexico is full of good deals!

@RuralVacantLandcom 6 лет назад

Just mail all the counties with good data. Mailed the whole state at once and got a lot of great deals. Some of the counties there like north east corner are so vacant the data is old or non existent. Population is non-existent too.

@planesense7390 5 лет назад

@@RuralVacantLandcom where did you get your list from? Listsource? Or is there a better source?

@davidtriplett6979 5 лет назад

All of you are genius entrepreneurs.....why aren't State officials hiring you for raising regional revenue? Naw just allow anonymous investment in prisons.....long Live Kent County......Long Live Calhoun County

@alexshelton8695 2 года назад

Great value. Thank u for sharing the details

@Retipster 2 года назад

Thanks for watching, Alex!

@Nigriff Год назад

Thank you for your info

@Retipster Год назад

Thanks for watching!

@charlenebuyshouses 6 лет назад

Awesome tips on 20:20

@ellispargo1016 5 лет назад

Great video Seth thanks for sharing the knowledge!

@Retipster 5 лет назад

Thanks for watching Ellis!

@tylermundy7985 3 года назад

Interesting to see investors going to NM! I grew up in NM, and don't normally think of it as a great place to invest. Looks like you can still make money there though, if you go about it right.

@Retipster 3 года назад

I thought the same thing, but there are a lot of land investors doing a lot of business there.

@tylermundy7985 3 года назад

@@Retipster Definitely plenty of vacant land out there!

@simonahernandez1459 2 года назад

So informative. I wonder how the forest fire of 2022 has impacted land values?

@Retipster 2 года назад

Thanks for watching! I have to imagine a forest fire wouldn't help anything... but you never know. Land values have gone crazy this past year.

@davidtriplett6979 5 лет назад

Also the South West never intrigued me either.....had that conversation in 2003 lol

@alexkl2969 6 лет назад

Hi Seth, like it!!! Somehow the link to the blog post would not work. Could you please check.

@alexkl2969 6 лет назад

Ok, got it. Another question: you did not use the distress filter in Agentpro for this campaign, right? You just send out to all owners, did you? Did you receive more than the 6 acceptances? Or was that it?

@jalabi99 6 лет назад

Excellent video!

@Retipster 6 лет назад

Thanks for watching!

@Eurospeedautomotiveofficial 9 месяцев назад

Hey man do you always have to do a double close transaction with land deals or can you do assignments?

@Retipster 9 месяцев назад

Not at all. You can do assignments in most areas with no problems. Be sure to check your state laws, but it's totally doable in most places.

@RBH0909 4 года назад

Do you recommend land deals if you are not local to the area? Or should I only look at deals near me?

@thomasosborne8130 4 года назад

Hey just curious even with everything going on in the world right now, are you still able to flip land? I want to get into it, however I’ve heard numerous people say that the real estate game might change soon or it’s just not gonna be the same as it has been for the past 10 years...

@jalabi99 4 года назад

I saw someone offering land on seller financing terms but she said she wanted me to pay her $200 as a "doc fee". What does that mean? Aren't we supposed to take the purchase and sale agreement to a title company so that they can issue me a warranty deed on the parcel of land?

@Retipster 4 года назад

This is usually what happens when the seller is planning to close without a title company (this happens on a lot of deals that are super-cheap, less than $5K and/or with seller financing). Normally, yes, you would take it to a title company and THEY would charge the doc/closing fee... but if you're not closing with a title company, this is what the seller would charge for their trouble in putting all the documents together themselves. If you're not comfortable with this, you could insist that the deal be closed through a title company and pay for all of those closing costs instead.

@jalabi99 4 года назад

I would prefer paying those closing costs to a title company so that they can make sure about the mineral rights also. I will let the seller know so we can start the process. Thank you, Seth!

@Retipster 4 года назад

@@jalabi99 sounds like a good call to me.