- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Successfully purchasing land from an individual that is not for sale
Posted on 12/23/16 at 4:38 pm to yaherrdme
Posted on 12/23/16 at 4:38 pm to yaherrdme
quote:
Have cash ready when you make the offer. They will be more likely to accept.
A suitcase with thousands of crisp hundos always seems to work.
0
Posted on 12/23/16 at 4:39 pm to JoePepitone
quote:
I'm a landman by trade and have seen and heard just about everything that's out there.
Well drop some knowledge on me. Tell me about an experience you've had like mine worked out and it didn't. What are some pitfalls I could encounter?
This post was edited on 12/23/16 at 4:46 pm
Posted on 12/23/16 at 4:50 pm to eyepooted
Going to be tough.
I found an awesome spot. Drug heads have it and been gone. House needs bulldozing. Offered to pay the lean off and pay the dope head something.
They still refused. Good luck
I found an awesome spot. Drug heads have it and been gone. House needs bulldozing. Offered to pay the lean off and pay the dope head something.
They still refused. Good luck
Posted on 12/23/16 at 5:27 pm to eyepooted
The owner currently has no plans to sell or he would already have it listed. If a stranger came to me and immediately began to inquire about my property when I had given no indication I was interested in selling, I wouldn't be as receptive to the idea. With a letter, it's not as intrusive and having an offer in writing is much different than verbally. Seeing those zeros written is much more powerful than hearing them. That was my line of thinking anyway and it worked out.
Posted on 12/23/16 at 5:42 pm to TigerOnTheMountain
quote:
Seeing those zeros written is much more powerful than hearing them.
Yes I can see how that is much more powerful.
Posted on 12/23/16 at 8:58 pm to eyepooted
I've been in real estate for most of my life.
Talk to guy and find out if he's interested in selling. If not, why not.
Simple as that. No need to talk price otherwise.
I frequently get mailers or calls from investors wanting to buy my rentals.
Talk to guy and find out if he's interested in selling. If not, why not.
Simple as that. No need to talk price otherwise.
I frequently get mailers or calls from investors wanting to buy my rentals.
Posted on 12/23/16 at 9:01 pm to eyepooted
quote:
It isn't. There is one owner, per CPPJ website.
Just a heads up: most of the time tax assessors only list one owner for a parcel. I'd go to the courthouse and run his name in the deed records so you know what you're dealing with. Hell, you might even find out what he paid if he bought it.
This post was edited on 12/23/16 at 9:02 pm
Posted on 12/23/16 at 9:10 pm to GaryMyMan
"Just a heads up: most of the time tax assessors only list one owner for a parcel. I'd go to the courthouse and run his name in the deed records so you know what you're dealing with. Hell, you might even find out what he paid if he bought it."
--
That's great advice. I always do the same.
Find out who the owner is and what was paid and how long they have owned it.
--
That's great advice. I always do the same.
Find out who the owner is and what was paid and how long they have owned it.
Posted on 12/24/16 at 6:07 am to eyepooted
Put a note in his mailbox with a nice letter. I've probably brokered a dozen deals or so over the years doing this. That said I've probably stuffed 100's or so mailboxes.
Posted on 12/25/16 at 10:44 am to eyepooted
Here is what I did. My FIL has an 85 acre farm. There was a 40 acre tract that adjoined that a timber company owned. No road frontage and 10 year old timber so not much value. I called the timber company and explained my interest. They asked for an offer so I gave them a number. They declined but said if I would pay X,XXX/acre they would have to discuss it.
Fast forward a few years and the lease holder didn't pay so they offered the lease to my FIL. They needed to cross his land to thin the timber. He is not a hunter, but I picked it up.
A few years later they call in mid December. They are looking to sell but want to close before the 31st (tax implications). I made the same offer, they fussed and complained but we made a deal at 250/acre over my original offer. The key was I had the capital to purchase quickly when it was beneficial for them.
My takeaway would be it's always ok to reach out but it may be a long process. Send a business card with your letter so they can hold onto it. And of course, have cash when they are ready to sell because if you don't, they will look elsewhere.
Fast forward a few years and the lease holder didn't pay so they offered the lease to my FIL. They needed to cross his land to thin the timber. He is not a hunter, but I picked it up.
A few years later they call in mid December. They are looking to sell but want to close before the 31st (tax implications). I made the same offer, they fussed and complained but we made a deal at 250/acre over my original offer. The key was I had the capital to purchase quickly when it was beneficial for them.
My takeaway would be it's always ok to reach out but it may be a long process. Send a business card with your letter so they can hold onto it. And of course, have cash when they are ready to sell because if you don't, they will look elsewhere.
Posted on 12/25/16 at 11:17 am to thejudge
quote:
Offered to pay the lean off and pay the dope head something.
Huh
Posted on 12/25/16 at 2:50 pm to eyepooted
quote:
Has anyone ever successfully approached a land owner about land that is not for sale and they agreed to sell it?
Yes, robber barons
quote:
If so, how did you go about making the offer?
Killed their livestock
Posted on 12/25/16 at 7:16 pm to eyepooted
I was locked into buying a nice lot from an owner who didn't have it for sale. There was a lien on it so he sold to some dick real estate guy in NOLA who called me and wanted 30K more or he would put it on MLS because he knew he could sell it for 50K more easily.
9 months later, he still hasn't sold it and he's already dropped it $14K from his original MLS price.
He's using a local agent to sell it, so if you subtract his fees if it ever sells it at the current price, he's only $6K more than my final number.
frick that guy.
9 months later, he still hasn't sold it and he's already dropped it $14K from his original MLS price.
He's using a local agent to sell it, so if you subtract his fees if it ever sells it at the current price, he's only $6K more than my final number.
frick that guy.
Posted on 12/25/16 at 8:52 pm to eyepooted
Make a written offer, with the plans to build a decent house written in the offer.
I would be much more likely to sell 20 acres adjacent to me if I knew a nice family was going to build a single family house on the property and not put a trailer park in there.
I would be much more likely to sell 20 acres adjacent to me if I knew a nice family was going to build a single family house on the property and not put a trailer park in there.
Page 3 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News