DIY Buying Land
I'm a miserable corporate drone and I absolutely despise the suburban hellscape that has enveloped the entire nation. I have built up a decent nest egg and I think it's time to cash out. Anyone have any tips on where to start when buying land and building house? The supply for large plots of land with homes is really small so I feel like this is my only option for escape.
I just want to raise some animals and enjoy life. Frick everything else.
I want the same thing. I have a fully payed off house that is worth around 300k that I want to move out of so bad. However, I'll probably only get 200k of that after I sell. What can I even get for 200k? Probably not much.
With high interest rates the more expensive property should drop more than your average property.....at least I hope so. Let's see if the housing market returns to a more sane state.
if it's paid off and worth 300k, where's the 100k going?
selling fees (probably)
Selling fees don't take 1/3 of the sales price... buyer pays most of the fees except the realtor commission and maybe one or two small things unless you and the buyer agree to something different.
Realtor commission is typically 6-7%of the sale, so 10% total for fees is good back of the napkin math
300k house, fees should be under 30k, walkaway with $270k... more depending on if you sell for more than it's worth or if you manage get the buyer to cover more of the fees.
>buy house and property on outskirts of town at $175k in 2018
>appreciates (on paper) to $320k due to housing market and urban sprawl
>house has hidden fire damage and has flooded multiple times
>don't find this out until after I bought the house, seller lied on the disclosure
>will never be able to actually sell the place unless I lie again on the property disclosure and sell to another first time homebuyer who is too autistic to pursue legal charges after the fact
>seller lied on the disclosure
and you didnt sue becauuuuuuse
NTA but first time homebuyers are generally moronic. The mountains of paperwork they make you sign makes your legal options seem limited, and after paying the down payment on a house and moving in who has money left over for a lawyer? Had a friend who bought a house where the previous owner was burying trash all over the property (like garbage bags full of dirty diapers and broken glass) and it didn't even occur to him to sue the disgusting cretins.
and why didnt you pursue legal action you tard
A few years ago a friend and I started a land buying business on the side. One tip I can share with you is to get the list of land owners with delinquent property taxes from the county you're interested in. You can then contact them and start making offers to pay the taxes yourself and give them a bit of cash for their trouble to take the land off their hands. I found that often land owners in this position often inherited it from a relative and don't really know what to do with it and just want it gone so you can get it at a discount.
Google "REI Tipster", this guy runs a blog about land buying that has a lot of good, free info, it's what I used to get started.
>One tip I can share with you is to get the list of land owners with delinquent property taxes
that's a great idea. Thank you.
A couple years ago, a property went up for 31k that was 28 acres, with a well, and a gas well that included free use of gas in the deed. Good road access, etc.
It had a pad already poured with a frame of a house on it.
Owner had gotten it for hunting but the deer population had exploded. It was no longer necessary.
Key here, is locals don't list properties because then they know some jerk j or annoying karen from out of state will snatch it up, and they'd rather someone good moved in.
I like what he said about checking for delinquencies. A local just bought a restaurant for 35k. About 2k+ sq ft, all the equipment included. He's already selling through there and has a ton of traffic.
He had to pay off a couple of liens, but mostly self-financed.
I looked on helpx for a host. There are some good ones that will teach you a lot. And you get room and board.
True.
Declare your house a 'place of worship'. that's what the ortho israelites do.
You're not going to find a good deal on zillow. That's for retail idiots.
>The supply for large plots of land with homes is really small
no it isn't, what's scarce is small buildable lots that are unplatted and unencumbered AND not in a "development" or "subdivision" aka future suburb hellscape in the making
where to start is picking a state or two, and then a region or a few counties
idk what a "decent nest egg" means but you hopefully know that for a long time now, no banks will issue loans for non-commercial land or non-commercial new construction anymore, but local credit unions might
you may actually have better luck buying something with a structure on it and tearing that down, in this clown market
it sounds like you don't have any specific requirements so it should be easy
my requirements are strict and numerous, I won't buy in a county with codes, so that narrows it down by about 99%
if you buy property you'll need something like pic related to start clearing, moving dirt, etc. electric hook up can get expensive, placing a well is 10 to 15 grand. dig a pond you'll need dirt for house pad to be elevated and smoothing out terrain. you can find machines like pic related cheaper than new cars
t. guy helping buddy turn a mud hole into a house on 12 acres
Why not Doing it yourself
https://www.opensourceecology.org/portfolio/tractor/
i was looking at properties on zillow, the kind in wyoming you go to ride dirt bikes not grow food. I saw one for 14k, 40 acres but 1/4mi away from blm land so yeah id love that. with a little shit shack i can park next to
>try to life a hermits life in a house somewhere rural
>running costs like property tax haunts you even there
>no jobs either
Why are israelites so cruel?
So, israelites are the problem, however i've come to terms with why property tax isn't completely evil. If there was no property tax and you just "kept" your land forever. The land would always stay in the family that originally bought it and would never go for sale again, there would be much less private land in the USA. Think of property tax like the upkeep cost of a base like in the game Rust. If the base (or land) get abandoned it decays and goes back on the market.
>property tax isn't completely evil.
all taxes are abused by those in power, but in general property taxes are a simple progressive way to pay for waste water plants, law enforcement, schools, roads, etc.
One of my pet peeves is when the local sales tax goes up from 3 percent to 4 percent the idiot journalists who failed math class parrot the lawmakers and say it's a 1 percent increase, rather than a 33.3 percent increase.
http://www.bkhaynes.com/checklist.html
Thinking farming in the middle of nowhere will be more fun than your office job is the most bourgeoisie thing imaginable, get real, it's fricking hard and you won't like it so just fix the things you don't like about your real life (you probably know something and are avoiding it).
>thinking it is about fun
You are of no philosophical or spiritual stature to give advice.
more fun, less miserable, whatever. funny you should say that (assuming you're op or someone equally moronic since you were willing to reach so far to dismiss my post) you sound exactly like the kind of tard that's been huffing half baked philosophy and spiritualism content so long you forgot about basic reality and think a farm is lala land. you or op are about to make a very expensive mistake but I don't really care, do what you want
Non-moron here who did nicely. I bought my first ten acres w. cottage owner-financed which is invisible to credit companies. She enjoyed the interest and I enjoyed using my VA loan guarantee for my current home on five acres. I still have the first which I rented (only to military) intermittently and paid off long ago.
How much farming have you personally done under what conditions? Farming has enjoyable aspects but it's also constant labor.
Take a vacation and volunteer to work on a farm after explaining why. NEVER fricking assume anything about any job you have not personally done. Some are born for it, some loathe it, some are competent and many are not.
Most farms are hobby farms with the owner having considerable other income and happening to own suitable land. The smart play be stack drone bucks, forget wanting a fulfilling job (work is suffering in return for money which is why most of us don't pay to do it), then cash out to retire to a place you buy long before retiring so you've ample time to prepare.
People good at this are fiercely autodidactic. Farmers maintain their equipment so if you don't already wrench well take an auto shop course. Welding is a very good idea too so you can repair and fab equipment etc,
The type of human who pulls this off ably repairs and maintains nearly everything they own (tractor and equipment labor is not cheap if you pay for it but free if you do it yourself).
Great points anon, I would also add that learning all the various skills including maintenance will take years to acquire nuance, along with gathering all the needed tools. Not being a doomer about it but just setting proper expectations, I plan to buy a nice patch of land eventually and already live on an acre. I often pick up weekend work on farms and ranches so I can learn while getting paid. If you are autodidactic like anon mentioned you may fall in love with all of this, as there is a never ending stream of knowledge one can acquire
>. If you are autodidactic like anon mentioned you may fall in love with all of this, as there is a never ending stream of knowledge one can acquire
^Truth. Learning and experience accelerates future learning and experience. One day we understand that all tool-using species activities are connected and of a piece, and that's an amazing epiphany. It's serious fun to be able to learn anything you really want to or need to.
Determination is key, not to mention saving gobs of money.