Buying Cheap Land (Warning Signs)

If you are looking to homestead, hunt, build that dream home, or perhaps all of these you will find this episode (video) incredibly helpful.

For close to 30 years Wayne Turner has done just about everything when it comes to real estate and he shares all he has learned with you in this video as well as the countless others he and his team have produced.

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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 a financial advisor or lawyer.

[jburch]

Looked up old historical ariel maps to see what was going on 50 to 80 years ago on property, interesting piece of information

[sararck]

I happened across a very sweet deal, and after due diliegence low and behold it was recovered land from a prior landfill contract in the early 90’s.

[goingagainstthegrain]

Thanks, Wayne! We had a house built a little ways from town. Nice house with in-ground pool, quiet etc... After close to two years of residing there, the county placed low rental housing right behind us. (This was decades ago.) It's no joke that, one by one, people placed their house on the market. We got lucky that a buyer purchased our property from another state.

[timlester]

thanks wayne watched a lot of your videos before i bought 5 acres and with your advice i got the 5 acres and done everything you taught me and it worked out great again thanks for the videos!!!

[BeautifuLakesStreamsBiologists]

Mineral rights can actually mean anything of value in the land. It could be things like sand, gravel, topsoil, anything the rights holder finds value in .

[plandl]

Dude, I saw shrimp boats north of I-10 up on land after hurricane Katrina. Louisiana is a flood zone.

[tuvia]

Thanks Wayne, always great info. On the flood zone situation, a friend of mine in Texas has 5.5 acres. The house, garage, and all other buildings are up on the elevated area. The little creek / wash that runs across the lower end for a few hundred yards is basically dry, most of the time. I was tending to his property and sheep a while back and we had a sudden rain storm. The water rose quickly and flooded a lot of the pasture area. There are flood gates at either end as well, just square wire fencing. Anyway, we were walking up the drive one day and I asked him why didn't he just put in a 36 inch drainage pipe the length of the creek? He told me that he would need to have FIMA come out, have a look, then write up a report. The cost of just the report? 70k. So, basically it will stay a pasture.

[briancarlisi]

Thanks for sharing your experience & knowledge. Very helpful!

[Cuband]

Is there a video where you can show examples on how to apply the proper research on all the points you made before buying a piece of property?

[youssoufsaadikaminedahirou]

Thanks for sharing your good vibes with us my dear it's always a pleasure to have on air with us

[SeaOrcRonnie]

Appreciate your wealth of knowledge Wayne. Thanks for sharing it with us.

[chabridgettumusiime]

Thanks. Ugandans are suffering in kiteezi because of a collapsed landfill of rubbish. Then we also bought land n the ones who sold to us landlocked it, we can not 🚫 access it by car 🚗. Cheap land is expensive 🫰🏾😔. Even true, those electricity 🔌 poles are bought by individuals.

[joe]

Don't buy anything in an HOA. If you do you'll regret it.

[Adamsg]

Thank you for you for the info. Very informative

[gilbert]

You have very good information thank you I would like to hear about rural land in California A1 or A2 zone for rural living with Containers.

[danawaldrop]

Do you have a video on purchasing waterfront property. I know there are restrictions on how tall your house can be. I'm looking at a beachfront lot that has me worried about storms. Is there somewhere to go to learn about what people do in storms, at what point they know it's time to leave, if you're building a house - can you put your garage separate from the house PLUS have a basement garage... that sort of stuff. Thanks for all you do!

[talusranch]

Lectrisity can be tapped into from neighbors line at the right of way regardless of what they want.

[cherylstubbs]

Wayne I've been looking to buy land in the south but my biggest issue is that the people are keeping the mineral rights which means they can take the land back if they want to.
Your thoughts

[stephaniemata]

12.13 acres of land, with 2 houses located in the property - 707 and 713 Johnston Waxahachie Texas 75167 . Restrictions make it where you have to purchase both houses. 707 Johnston, is a beautiful house with an attached shop of some sort, or even turn it into a horse stall, mechanic shop, etc. Ideas are endless. the 713 Johnston, is a beautiful, updated house, with brand new kitchen counters, cabinets, floors, etc, and appliances remaining.

[OurMinimalHome]

Your channel has been So helpful! Thinking about buying land/farm in the future!