NEVER Buy This Type of Land

There are certain types of land that may seem tempting at first glance, but can quickly become a nightmare for the owner.

Are you considering buying land, but don't know what to look for? In this video, we'll tell you what NOT to buy – as there are certain types of land that you should NEVER purchase. Especially 'affordable land'! We'll show you examples and explain why it's important to make sure you're doing your research before investing in any property. Don't miss out on this essential guide to avoiding bad investments – watch now!

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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.

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[jan_phd]

I bought county land, it was a dump. For 40 years everyone used it as a place to dump car parts, appliances, trash, and it was massively over grown, used for gang meetings, camping, homeless, etc. I could only use Google Maps to look at it. So the county got rid of it, and I was the only bidder. $4, 000. for an acre. So I rented a skid steer and 3 helpers and worked for two months... a LOT of work. Now, it looks like a city park, 80 huge firs, fenced in, stunning beautiful, and appraised for $1.7 million. Sometimes the BAD, turns out GOOD.

[GorillaCookies]

I bought a 5.9 acre property from the previous owner who happened to live next door and owned multiple homes in the area. Well that was her claim. After 10 years of arguing with her about the property lines I finally just paid the $890 survey fee and it's a damn good thing to do. Turns out the rental home and pasture behind her place is my property along with the large field that she had been claiming was hers that separates her home and my side yard. The property line is actually 9 ft inside the bar / man cave type room they added onto their home about 5 years ago. Without permits I might add. She has been collecting rent from the house that's clearly mentioned on my property record as a 2nd dwelling. I had assumed that the 2nd dwelling recorded on my place was the shop. Turns out the shop was never recorded and she knew I owned the home she had been renting out the entire 11 years I've owned my place. She just lost the civil suit and I learn of the judgement amount in another week. She is also facing criminal charges for fraud and a few other related charges.

[HKilpatruck]

As a surveyor, realtors are generally our sworn enemies. It's good to see there are some that care enough to consider flood zones and appurtenances and encroachments.

[mikehome]

Yeah, my Dad was shown 2 acres near Tallahassee that he bought and years later when he went to build on it he found out he actually bought the 2 acres behind it, with no access easement. He paid 2k for it, he paid taxes on it for years. When he passed I inherited it so went to find owners of the front piece, who live on the 5 acres next door to see about getting an access easement and they told yes, for 20k. Realtor long since dead but his daughter still doing people dirty in Aucilla County Florida. I donated it to the State as a bird santuary.

[curtainsup]

Mom had a survey in the 1970's. A bit afterward, some people thought they were buying land from a seller/owner, but actually they bought part of Mom's land. Mom visited them and told them and had a lawyer mail them to my knowledge. Fast Forward to 2022/23 and we are surveying/dividing inheritance. The people who encroached years ago wanted to know why they weren't informed as our surveyor was on their property. ( So they disregarded Mom and her lawyer) I think they thought they could pull something over on us...but the tax maps and deeds and images prove them wrong.

[ovni]

When it comes to flooding, be mindful that flooding can happen multiple ways. It's not always "The river came to your house", sometimes it's "The water table rose and infiltrated your basement".

[neslyleonvil]

Buying a property or land without doing a survey is crazy to me

[bwj]

Also don't buy a hazardous waste site. Land aling a railway, old lode gold mine, gas station with underground tank, dry cleaner, or industrial land that may have had chemicals on it might be suspect.

[danpinsonsax]

I would add 3 things:
1) if you’re planning on grazing animals to do a soil test to make sure it’s not contaminated.
2) check with the EPA and your State environmental agency for the presence of Superfund or other environmental remediation sites.
3) unless the property has a land patent, you’ll probably not get mineral or air rights.

[KPHVAC]

I work in residential HVAC. After seeing what floods can do to a house I'm never buying anything in a flood area!! I want the entire property to be at least 40 feet up from any river or lake. Floods absolutely destroy homes and you will spend a year or two fighting with your insurance company to rebuild. It's just not worth it.

[carminelitterio]

I live in New Jersey, retired and looking to purchase land for my hobbies, a small farm. I must say that this video and a few others that you produced are very very informative. Hands down I will be watching more of your videos !! Thank you. Well done.

[pattybpillows]

My husband and I are looking to buy land. I am so happy that I started watching your videos. Learning so much, will be prepared.

[leebronock]

After living in St. Tammany we moved to Hancock County. We found out the hard way during Hurricane Katrina about velocity zones. That deserves a tutorial itself.

[theleafsprungjeeper]

This is pure wisdom. One can be anywhere in the world, watch your videos, and still be able to ask the right questions when buying property!

[robertpeacock]

You touched on timber rights. I advise people to always get their timber rights. You may buy land that was once a tree farm and was clearcut, but company A still owns the timber rights for the next fifty years. Twenty-five years from now your family's apple trees will become part of "apple wood smoked bacon" and they owe you nothing along with you have to allow them access.

[BigDemocracyEnergy]

I’m learning a lot from you… I can see how your channel is going to continue to grow… You’re a great speaker, you get right to the point, you’re easy to listen to and you offer a wealth of information. I can tell you’re very good at what you do! I’m not even looking for a property. I just like watching your videos! 😂

[followyourbliss]

one thing i always knew was ALWAYS make sure you own the mineral rights... and in some places the air rights can also be incredibly valuable. but for sure, the mineral rights.

[whosaiyanji]

I subscribed because of how legit and informational you were in this video, i used to be an appraiser at harris county. Now i have my own property tax consulting firm and you are very knowledgeable. I think you should also tell people the property tax implications when developing certain lots!

[underthegreatwave]

Good contact and information. It’s like a 101 course and chapter for real estate. And these are the type of things that should be taught in the schools for people who want to buy homes.

[ruthlessreid]

He's not joking I'm in Brunswick county NC I'm 38 feet above sea level witch is basically a mountain. Half of our county is swamp.