Land Investing Mistakes
11 True Stories You Need To Know Before Buying Land
by Erika Benson
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Pub Date 4 Jul 2021 | Archive Date 2 Aug 2021
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Description
Imagine you just bought a beautiful parcel of land with an abandoned cabin for only $3000.
Think about how excited you would be.
Now imagine that you go to visit your wonderful new property, and just as you begin to open the door to the cabin, the neighbor rushes over and starts yelling.
It turns out the cabin belongs to her!
This is not a hypothetical, it actually happened to us once.
And it was not the only mistake we have made investing in land.
In this book, you will uncover 11 true stories of land investing mistakes, mishaps and misfortunes that will show you what not to do when buying vacant land.
Are you are looking to hunt, camp, farm or build your own home? If so, you will want to read these stories before you buy.
Complete with a bonus due diligence checklist of over 120 items to guide you on your land acquisition journey, this practical book will teach you:
* How to ensure you can access your property.
* How to properly handle complicated ownership issues.
* Ways to detect environmental contamination.
* Effective tricks for navigating scams.
* How to handle difficult buyers or sellers
* What you should never do when confronted with a sudden surprise.
Whether you are a first time land buyer or a veteran land investor, the tips in this book will help you navigate the stressful, confusing and complicated world of vacant land.
In addition, the due diligence checklist covers things that only the pros know, such as:
* What happens to a property when one spouse passes away.
* Mineral rights, water rights, crop rights, timber rights and more.
* Tools to analyze the development potential of a lot.
* What to do if a property is in a Special Hazard Flood zone.
* How to navigate county and city land use and zoning regulations.
* What to do if you have wetlands on your property.
* Various easements that you need to look out for.
* The difference between land use and zoning.
* How to bring utilities to land.
* Environmental contamination and how to catch it.
* The things that a title search won’t catch.
* What to do about encroachments.
* How to analyze whether your site conditions are conducive to construction.
* Ancillary probate and other easily missed items.
* How to prepare a site for development.
* Auctions, reassessments and other tax issues.
* Well testing, riparian rights, water law and other items to consider when using a well.
* The different kinds of surveys you may want to order.
Designed to be a complete due diligence checklist of everything you must look for when buying land, "Land Investing Mistakes: 11 True Stories You Need to Know Before Buying Land" will ensure you do not make a costly mistake as you buy your dream property.
By the end of the book, you will have the information you need to make an informed decision on your next major land purchase.
Featured Reviews
Rion C, Reviewer
I have worked with commercial and residential real estate for 25 years and had to learn about these land investing mistakes as I went so that I could counsel customers on what the problem was and how to fix it. This is the first time that I have come across a guide to the most egregious mess-ups and do so in a manner that was easy to understand, presented in a compelling (and sometimes humorous) fashion. Anyone who is interested in investing in real estate of any sort should read this book before laying so much as a dollar on the table. This book teaches potential investors what to look for and points them in the direction of how to get the mistakes corrected if they still want to proceed down the path of purchasing the property. The beginner real estate investor truly needs to buy this book to make sure they have the knowledge of how, and yes, the patience to deal with these problems. I applaud the author for writing this book. I like that it is more technical than a For Dummies book, but presented in a manner that is still easy for newbies to understand. Even if you aren't considering investing in land right now, or if you just want to know about how far land title issues can go south, you definitely need this book. You'll get both the "how the heck did it get this messed up" and the "Ah ha! This is how you fix the problem" all in one book. I would even ventures so far as to say that anyone dealing with real estate should grab a copy of this book just for the sake of having it to show others what not to do with their real estate! It's a quick read, but it is a read that anyone who owns, plans to own, invests in, or plans on investing in real estate needs to read. Readers will know what to watch out for when it comes to their own property and new investors will know what pitfalls to watch out for before it costs them a lot of money to fix.
