How to Buy Land FAST & EASY…

Buying land can be difficult, but it doesn't have to be.

Are you fed up with the hassle and frustration of trying to buy land? We're revealing the easiest way to buy land - without all the red tape. Learn how you can get your dream property quickly and easily, without all the stress.

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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.

I may earn commissions for purchases made through links in posts on this channel.

[dzerres]

I've done five of these in my lifetime and I DO NOT recommend "owner financing" for the land. YOU need to own that piece of property outright. If you don't it is a paperwork and interest payment nightmare. Besides, if you can't afford to buy that land for cash, you can't afford the house and land later. Yes, you can find other cash (borrow against your 401k or borrow it from a relative or get it from your parent's estate in advance - whatever it takes) but you want CASH independent of that land. Think of it this way: that cash you paid will be the pay-down of the loan to avoid having to pay PMI. If later on you can afford to build without a construction loan (on my third and later houses), that is PERFECT. You have arrived. You avoided paying interest and fees to the land owner and interest and a HUGE amount of fees to a banker. You can then get permanent financing on the final house for as much (80%) value or as little as you need and move on to your NEXT real estate project.

[TheEagle]

I am a senior right of way agent for a very large international utility. One other piece of advice is if doing owner financing put in your contract that the deed holder will execute any necessary right of ways or easements. Multiple times ive had folks with land contracts try to get power and the deed holder refuses to sign. You are now unable to get utilities, unless there is an existing encumbrance for them. You dont truely own it until you have a recorded deed.

[razor]

You have to be very careful and protect yourself with owner financing. With a owner financing contract. By the contract if you are late by 1 day the owner can take the property back and you lose everything. The owner may and can legally say, don't worry about being late. Continue making payments, you get 1 payment away from ownership. The owner financing can legally take the property back and keep the money and you lose everything. Legally.

[BowenOrg]

CRITICAL TIP FOR ALL OWNER FINANCING:
* MAKE SURE YOU USE A TITLE AND ESCROW COMPANY TO PURCHASE THE LAND!
* MAKE SURE YOU HIRE THE ESCROW COMPANY TO RECEIVE YOUR PAYMENTS FIRST, THEN THE ESCROW COMPANY PAYS THE OWNER/SELLER!!!!
* THAT WAY YOU CREATE A "PAPER TRAIL" AND CAN PROVE ALL PAYMENTS THAT YOU MADE TO THE SELLER/OWNER!
* NEVER NEVER NEVER EVER PAY THE OWNER/SELLER DIRECTLY!!! DO NOT DO THAT!
* YES, YOU WILL PAY THE ESCROW COMPANY A FEE FOR DOING THIS BUT.... IT'S THE MOST POWERFUL PROTECTION IN THE WORLD!

Amen
Retired, Veteran

[taylorsessions]

You have a great way of explaining complex matters and helping people feel hopeful about purchasing or building a home. Thanks for your content, please keep it up!

[Ondwurk]

The owner—they still own it, and can stipulate that a missed or late payment forfeits all investment and interest. Wayne makes great points here, and I agree that this can be a great starting place for people who otherwise don’t have the capital.

[JorMihalik]

This sounds really complicated. Like these rules were made for the purpose of making things difficult for the small man, giving time for those with money/corporations to buy up all the land.

[miss_kolissa]

At this point, I need to download a checklist of do’s and don’ts before buying land. Send me the link.😮‍💨😂

[syscoladyliberty]

Probably the craziest comment I have ever made, but it's truth: has anyone ever changed where they wanted to buy real estate in a location solely because that's where THE real-estate agent was? I'm looking in Tennessee ❤, because I think this man a has got 'it'! moving from NJ as fast as humanly possible. Son is first time home buyer, we are blue collar, with ' fix that ' knowledge in spades! Also a pretty good BS meter. Mr Warner has my attention, for all the right reasons!! Take me home, country roads!❤

[sebring]

Hard to do your due diligence when property sells in 2 days.

[itoldyou]

Your videos are very informative and educative, much appreciated. One day when I am ready I will need your professional advice. Thank you in advance 🙏

[bryansenulis]

I love me. I want to buy small amount of land for homestead

[brett]

It all comes down to the Phase I ESA or the Due Diligence reports. Still building on a landfill, sometimes it does not show up on the deed with old landfills and the first sign would be sink holes forming around the property. At that point it could be years down the road.

[dyates]

Another excellent video Wayne. Thank you for this. I'd love to find some land here in Ohio, but it's all become so in demand now that the prices are high, and the good ones go so fast. Thanks for all the information.

[robertc.]

Kudos to you Wayne for being in real estate for 30 years! There's ALOT to it. I have a question, i recently bought a place and after i got moved in a guy that bought the lot directly across the road from me from the same seller had 10 dump truck loads of dirt with trash and junk mixed in with it and then a giant load of scrap boards were dumped there, makes my home look trashy now. What can I do about this without making the owner to mad at me? It's in a rural area. I had a realtor so I didn't really get to know the seller, these were his parents property and he just wanted out of it.

[grabir]

It may not matter what the land "Was used for" because as a new buyer, new government regulations will apply to the new owner and not the old owner.

[carolmaplesden]

i am trying to learn the best way to find the land im looking for i don't believe all realtors are the same and i don't think that just walking to some strangers office will get me what i need i am new at this and am an older woman and alone and for what ever reason makes me a target of sorts so i need to have me some artillery going into this situation any help would be greatly appreciated

[jboogie]

@therealwayneturner ​​⁠question? When you sell your home I believe you have 45 days to purchase a new home to not pay taxes on it. With that short time period you only have the option to make a move on one home and if that falls through or you get under bid, we get stuck gifting Uncle Sam on taxes. How do you go about getting a home fast enough? I wish the government gave you 6-12 months

[MARYJ]

When you buy it, Di you have to always upkeep after that if you decide not to build, you just want the land to buy and sit?

[geoarambula]

Is it possible to use a personal loan to buy a piece of land. What would be the pros/cons?