I just wrote down a ton of notes because there is a property I've been eyeing and this will be my first time buying land if it works out. Here are my notes if anyone wants to see them.... Look for Deed Restrictions are on file at the county courthouse. Put a contingency in your contract to approve the deed restrictions, a clear title, not in a flood zone, Make sure the property can perc (will absorb water) specific for your house plans or you will have a problem down the line and end up having to upgrade your system Ask why are they selling the property which will help give you insight as to why they are selling at a low price quickly. This might help you gauge if its too good to be true. Get a title policy/insurance on a property- a one time payment which covers the property for the entire time you own it (no monthly payments) Follow the trees (cedar and birch) they usually grow in rocky soil. It might be hard to perc or get a well dug in that kind of soil. Is the property in a flood zone? Drive around and see if there are any homes built on an elevated foundation because this might be an indication. How long has the property been on the market? (Look at the history of the property) Sometimes the seller will take less if its been on the market for a long time and they are motivated to get rid of it. Don't do verbal offers because they don't have as much impact. Do them in writing so the seller knows you are serious. Have an offer to purchase with an approval letter and showing that you have the funds to purchase. Get an appraisal on the property to see what its worth because sometimes sellers put a higher price than it is actually worth. Even if you make an offer and they reject it just keep watching it because if it doesn't sell at that price you might be able to come back and offer again and they might take it.
You SURE paid attention, now include five OTHER videos this gentleman has created. I feel honored just to come across something so.... relevant and pertinent and powerful.
So many people don’t understand that we don’t actually own property. The municipality tells you what you can and can’t do with it, and if you don’t pay them every year, they will take it away. Something to always keep in mind, especially if you want to build something new
A Land Patent or Allodial title is the remedy to your concerns. No more property taxes. YOU own the land forever, and cannot be foreclosed upon. No more county goons to answer to as far a permits go.
@texaswindowfilms8533 It's not hard. It takes knowledge, patience, and backbone. You can do the Land Patent yourself or hire a Constitutional land expert, like Ron Gibson from Oregon, to make sure they're no problems. It's a no-brainer to hire an expert for a few thousand $, that will make sure my patent is airtight, and I can tell the county to kick rocks. No more property taxes. No more building codes. No chance of foreclosure-you, and your assigns, own the property forever. That's actually stated in the Patent.
He's so right at 9:00 ! To add to that - keep an eye on properties that rejected your bid and stay on the market!!! My wife and I underbid by $40k on a property where the owners were going through a divorce. They tried holding out at first, but ended up caving. The RE agent let us know he was surprised they accepted our bid because they received the same offer a year prior and rejected it. After a year of offers not matching their asking price and needing funds to split due to their divorce they gave in and accepted our offer of $40k under asking price.
What you offer in ur vids is an enormous life experience that would cost a fortune to learn… you are brilliant and a real blessing to people… love you brother..
We’re looking for land now. My husband and I want to build our dream home and as a realtor Wayne’s expertise is by far the most superb information I follow. I love this man.
I bought lands and houses over the years, and all 8 times i prospered by Gods grace; but i knew very ĺittle of what you know. I say do NOT give your emotions sway; its a hard-nosed business! 🤨
Wish I had advice like this when purchasing our property. 3 years later we finished, but it was the most headache and stress I’ve ever dealt with. Regrets? Not in the end because it all worked out. I would certainly regret making these mistakes again though. We hired a realtor who failed to do due diligence. Uncovered all kinds of problems, illegal movement of dirt, concealed spring head, protected stream head on state waters, buried wet land which needed an NWP 29, entire property was historically a valley which was filled with bad fill. Septic system was limited in size. I can go on and on here!!
@wrongfulconvictions1 Limitations on perc tests are new to me as well. I wrongly assumed that it was a pass fail thing. Just listening to potential pitfalls keeps me from going off half cocked to scoop up a property.
A small point. A modular home is not the same thing as a manufactured home (i.e. double wide or single wide). Also, FEMA has flood zone maps that are easy to look up the land to see what flood zone it is in.
Just got 10 acres that came with property covenants. Had to check with my real estate attorney to ensure that I could do ponds. Told my realtor, if the answer was no; then I was going to walk. However, I am now in process to do my soil study for septic and pond placement. Ohio!😁
@beckysipe8758 apologies 4 my lateness, just saw this 2day. Where I am, it was $5700/ac. But thx 2 the property values going up in the county north of me, I now have land worth $6600/ac. GOD is Good. ☺️🙏🏾
Wayne, I and many others appreciate your brilliance regarding real estate per the "pros and cons." You are helping us with outstanding information and advice! Thank you sir.
@Wuzzam812 I would like to second that. I have wanted to get out of suburbia, back to a more rural setting. It been a while since dealing with drilling wells or septic systems. I’m paying rapt attention because things have changed. THANK YOU WAYNE!
Not developing an emotional bond to a property is the hardest thing to do because the process of determining whether you can justify a purchase requires developing a vision for its use and forming a vision automatically starts creating a bond. But you have to be willing to break that bond if things don't fit the necessary requirements.
@@TheRealWayneTurnerGreat videos! In what order should I put in all the services and mobile home? I’m thinking. Clear land, mobile home. Electricity, water well and last septic system?
AGAIN. This is the most useful, sagacious, relevant, experienced, wizened, information I have found on RU-vid on ANY SUBJECT. You should start your own TV show, your content, candor, confidence, clarity is so good! THANK YOU.
Watch Wayne walking - there is a butterfly that keeps perfect pace, 9:03 Wayne stops, watch butterfly stop and hover around! This guy is Right as rain!
@dr123hall I went back to that place in the recording. What I thought we were seeing was the reflection from Wayne’s mobile screen as he recorded. It appeared that he reversed direction while walking for the cameras sake. I don’t know 🤷♀️. Maybe we need to ask Wayne.
Hi Wayne, thank you for sharing such gems with us first time land buyers. There is much to learn and sometimes I feel overwhelmed with all the information that is out here. I will watch this several times and take down good notes before I go looking at property. Much appreciated!
@@TheRealWayneTurner Thanks for the advice. We are currently renting and lease expires in June, so part of me wants to rush and find that perfect piece of land just outside the city limits.
That last bit is so true . A neighbor of my aunt's pit their 20 acre property on the market , got offered 7.5 million for it . They didn't take it . 10 months later they took 6 million , ouch .
I’m so glad I found your videos. We are going to Tennessee to look for a 5 acres to 10 acres. This will be what we are going to call home . And we want to build our dream home .
Never ever talk to county disaster management officials or taxing agents wanting to tour your property after the neighborhood is flooded. You will get put in a flood zone regardless of the impact on you and the land owner is required to conduct a community elevational survey to prove you are not at risk. I’m grandfathered in as class C but required to maintain flood insurance by my mortgage company and resale is severely compromised.
Good video with lots of helpful information. One note of caution, though, is to not confuse a 'modular home' with a single wide or double wide 'modular home' as you refer to in your video. They are not the same thing... a single or double wide is a manufactured home, not a modular home. Otherwise, keep up the good information videos.
@FPRWoodWorks Your comment has piqued my interest. I thought a double wide had been rebranded to stave off negative associations. To me, they shared a certain look that made them look prefab. Thanks for pointing this out, I will be researching both.
Hi Wayne, I learned so much about well and septic today. It’s not new to me, however refreshing my suburban brain to how things are “ out in the country“ was a much needed reminder.
Love your content, always very good and informative. Just one question though… What do you think of property listings that have telephone lines standing on front of the yard or that sit right beside a narrow road? I ask this because the cheapest ones (“cheap” being under 70K) that I’ve come across near my ares all seem to have one or the other. I would think these may present big problems for the transportation and construction efforts to set up my dream modular home. Do you suppose these should be added to the list of properties that you should avoid?
so much knowledge... man im glad i found you on here Wayne. keep it up man!! you Rock and Ppl are going to need your wisdom. wether they know it yet or not ... they will be so glad when they find ur videos. your doing such a great job sharing and helping and letting us in your head... thank You
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Saving and investing wisely while prioritizing necessities and a few small luxuries in relation to one's total assets is a great approach. It helps ensure financial stability and I my for the enjoyment of life's little pleasures without compromising long-term financial goals. It's all about finding a balance that works for you!
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It's crucial to do your due diligence and conduct thorough research before diving into any investment. Understanding the market and seeking guidance from a knowledgeable advisor can help you navigate the complexities and make informed decisions
Honestly, I'm surprised that this mrs Everett Gary is mentioned here, came across a testimony about her from one of the beneficiaries on the CNBC news, she seems to be doing extremely well....
amazing work buddy. love to listen to these, as your style and approach are both soothing and incredibly informative at the same time. I knew a lot of info in your videos from buying a couple properties in my life, but never raw or undeveloped land which is something I am starting to consider for my wife and I in the next year or two. Always seems to be a veteran tip in your videos, so keep that up, if you can.
*Clear Titles* are a primary requirement not just a Quit Claim Deed ... don't fall for the latter w/ the former. People might be surprised about how many owners are on one small property & if the heirs decide to actually file a Quit Claim Deed & then ...
love your videos. learn lot every time. i need you to help me buy though. it’s a scary thing to me but im determined to buy something before i pass away… in 40-50 years. 😉
Do you have a break down video of the process of taking say 20 acres and parceling off 3 or 5 for sale. Everything a seller should do to prepare for the sale and what the purchaser should do when buying said piece of land?
The way you talk. I would like to express interest purchasing land from you. I not interested getting a house. However, I like to live a farmer life. I would build a chicken coop. Have a commercial tent built around it so I can attend the chickens. I not worried about a flood because I can move my assets if I have to.
The house my parents used to own sat high off the floodplain, but it was near a wet weather creek that regularly flooded their way on and off the property. At first they had a bridge to a right of way through a field; heavy rains would wash small trees down and take out the bridge supports or even undercut the bank. They moved the driveway to follow the near side of the creek out to the other road, but there was a wash that required a culvert right at the edge of the property, and, during floods, the runoff would wash the ground from around the culvert (it was a big culvert; idk exactly, but I'd estimate that it was more than a yard wide.) Oh, and the land was a cedar barren, hilly, rocky, and clayey/porous/dry in summer. Hence the wet-weather creek.... We loved it there, though. And the current owners show no signs of leaving.... 🙂
Thing is a perc test doesn't stop you from putting in a sewer system, it add cost but doesn't stop you. You can build the drainage field, by digging up the soil & replacing it. How deep you have to dig that depends on your state codes. As a contractor the biggest mistakes I've heard people make is not researching what the state has the land coded as. The biggest codes that people find is that the land is coded as farmland, wetland(that can include seasonal minor flooding) & endangered species( this includes animal & plants). Any of those 3 can ruin you dreams in a heartbeat & unlike the perc test, only a act of good is going to get the government to change those codes
Would love to see a video on how to best set yourself up/prepare for buying land/moving out of the city! My husband and I are taking on more jobs and working extremely hard for the next year with the plan of combining a substantial down payment and hopefully decent equity from the sell of our current home to be able to afford acreage outside our the DFW metroplex but not sure the best approach or if that’s even the best way to do it…any thoughts you have would be amazing! Regardless, I’m loving your videos-they’re so helpful!! Thank you for doing them!!
Great video! But MOBILE HOMES….. HEEEEECK NO! We bought land out of state and it has minimal deed restrictions. One is “NO MOBILE HOMES NOR RV’s” to live in. WE ❤️ THAT!!! It keeps the cheap looking houses and “riff-raff” OUT! Our philosophy is “go find somewhere else to build your mini trailer park.” There’s nothing worse than buying acreage, pouring money into a custom built home with beautiful landscaping, beautiful lawns, a beautiful meadow and forest out back, a beautiful pool, a beautiful entry gate and driveway…. Only to have “Sanford & Son salvage company” move in next door or down the road, becoming an eyesore to the neighborhood.
I had $2000 in 2 title ins policies, it was crap. Prop owner changed pin# so 1st r e tax bill said $0. Bldg owned by LLC rented bldg to church. Not tax exempt... Anyway also omitted taxes popped up for 4, 3 & 2 yrs before my purchase. Not in the bldg's file. *A+ rated Title Insurance co said NO to covering. Lost thousands.
Thanks Wayne, This has been some real good info I've seen on your channel. I used to have my own home, but lost it during divorce. I want my own place with land. I'm wanting/needing to move somewhere warmer with low humidity. I'm on disability retirement now. I'm trying to qualify for a USDA rural loan. Also trying to find grants. How do i find a realtor that takes me serious. That is willing to take time out for me. I know if they don't get a sales they don't get paid. So i understand I'm not a real good risk. Do you have any thoughts on this that might help me? Thank you for your time.
