7 Types of Land to NEVER Buy for ANY Price

May 28, 2024

Ask episode

Chapters

Transcript

Episode notes

Not all land is worth owning. In fact, it’s possible to own land that has a negative impact on you, your net worth, and your sanity.

I am joined by Maddie to expose 7 types of land that you should NEVER buy, no matter how cheap it is. Maddie steps in for Heather to share her expertise on evaluating properties and common land-buying mistakes.

When I first started, I thought I would buy any piece of land that came along as long as I could get it for the right price.

Then, I started seeing some examples of land that shattered my original idea. I started running into pieces of land that were not worth it to buy at ANY price.

That’s because these pieces of land were more of a liability than an asset. These lands can leave you holding an expensive, unproductive white elephant.

Maddie and I break down the types of land you should never buy, including environmentally contaminated sites, inaccessible parcels, and properties in harsh climates. We go into the details of why these lands can become liabilities rather than assets and provide practical advice on the complexities of land investments.

By familiarizing yourself with these land red flags, you can significantly increase your chances of finding an investment property that delivers the returns you seek. Tune in!

Key Takeaways

Intro (00:00)

Seven types of land to avoid (02:26)

The high percentage of unsuitable properties from pay-per-click leads (04:19)

Challenges with landlocked properties (14:44)

High property taxes and HOA fees (18:47)

Land with open legal disputes or title problems (20:06)

Commercial properties in small towns (28:07)

Q&A segment from the Land Conquest Community (32:20)

Additional Resources:

✨ Get all of our recommended tools and services at https://resources.landconquest.com

✨ Follow Pete on Instagram here: https://www.instagram.com/partnerwithpete

✨ Connect with Pete on LinkedIn here: https://www.linkedin.com/in/partnerwithpete/

—

Turning Profit is a podcast for people who love real estate, brought to you by Pete and Heather Reese.