Turning Profit

Buying LANDLOCKED PROPERTIES: 5 Ways To Make Money

Jul 9, 2024

Exploring challenges of landlocked properties, including lack of legal access and historical divisions. Stories of buying these properties and strategies to profit from them. Discussion on fixing access issues and legal remedies. Community Q&A and resources for land investors.

39:25

Creator website

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Landlocked properties present unique challenges due to lack of legal access to public roads, hindering physical access and development.

The historical origin of landlocked properties can be traced back to land split practices, leading to isolated parcels with no recognized rights on maps or deeds.

Strategies for dealing with landlocked properties include selling to neighboring properties, negotiating easements, and exploring future solutions like personal drone access.

Deep dives

Understanding Landlocked Properties

Landlocked properties are those without legal access to public roadways, hindering physical access and development. The difficulty in building on such properties arises when no emergency vehicle access is available, leading to restrictions. Some states allow limited use like for agriculture, but building is often forbidden without proper access. The origin of landlocked properties can be traced back to historic land split practices, where legal access was not a priority, resulting in blocked access due to lack of recognized rights on maps or deeds.

Intro

2min

Challenges of Investing in Landlocked Properties

5min

Navigating the Purchase of Landlocked Properties

4min

Challenges and Strategies of Dealing with Landlocked Properties

9min

Strategies for Selling Landlocked Properties and Introducing a New Business System

3min

Making Money from Landlocked Properties

11min

Buying Landlocked Properties: Process, Funding, and Research Tools

2min

Balancing Personal and Corporate Approaches in Real Estate Marketing

4min

Strategic Approach to Buying Properties and Community Support in Real Estate Investing

2min

As a land investor, you'll occasionally come across properties that seem like great deals on the surface but, upon closer inspection, present unique challenges.

One such challenge is dealing with landlocked properties. These are parcels of land with no legal access to public roads.

My first experience with a landlocked property was a learning lesson. I did not lose any money on the deal but it took a lot of time for minimal returns.

There are many risks with these types of properties, but there are also opportunities that savvy investors can apply to pull a great deal from such properties.

Join Heather and I as we share our experiences in landlocked properties and how to make money with them.

Key Takeaways

Intro (00:00)

Definition and challenges of landlocked properties (02:14)

Historical reasons for landlocked properties (03:13)

Pete’s story of buying a landlocked property (06:52)

Why we made the decision against buying landlocked properties (12:41)

Strategies to make money from landlocked properties (15:50)

Fixing access issues and potential legal remedies (23:35)

Q&A from the Land Conquest community (28:01)

Additional Resources:

✨Want us to Fund your Land Flipping Deal? Submit your deals at https://partnerwithpete.com/

✨ Scale Your Land Flipping Business With Next-Gen Automation! https://software.landconquest.com/

✨ Learn more about our paid membership and community of land investors: https://go.landconquest.com/premium

✨ Want to see what’s possible with Land Flipping? Get a detailed breakdown of our first 50 Land Flipping Deals at: https://50firstdeals.turningprofit.com/opt-in

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

✨ Follow Heather on Instagram here: https://www.instagram.com/itsalovelylife

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