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How to Harness the Power of Land Brokers w/ Pat Porter
The REtipster Podcast | Land Investing & Real Estate Strategies
How to Get Comfortable With Comparative Sales
The reason most banks want nothing to do with land that doesn't have an immediate plan for some kind of development is because of the whole collateral value issue. Appraisers can do appraisals, but they don't really understand what it's worth either. There are ways to ignore the collateral value and just look at the borrower themselves. If I'm selling hunting property on the Mississippi River, my goodness, I personally could give them 50 comps. That's just my tiny little part of the world there.
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