(Warning Signs) Especially Buying Land...
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- Опубликовано: 4 сен 2024
- These videos will leave you with the knowledge and tools necessary to avoid making huge costly mistakes when it comes to buying land. For nearly 30 years Wayne Turner has done just about everything in real estate.
In his videos, he shares exactly what to do if you want to buy land and invest in real estate without the stress and headache. You will find that Wayne simplifies the process so the decisions you make investing in real estate are made with comfort and confidence.
Here are more videos that you will find most valuable.
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(HUGE IMPACT) Buying Land and Building a House: • (HUGE IMPACT) Buying L...
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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 a financial advisor or lawyer.
So many people don’t understand that we don’t actually own property. The municipality tells you what you can and can’t do with it, and if you don’t pay them every year, they will take it away. Something to always keep in mind, especially if you want to build something new
A Land Patent or Allodial title is the remedy to your concerns. No more property taxes. YOU own the land forever, and cannot be foreclosed upon. No more county goons to answer to as far a permits go.
@@ChristisKingMinistries-oj9zxwhich is extremely difficult to get. I also know literally no one who has either.
@texaswindowfilms8533 It's not hard. It takes knowledge, patience, and backbone.
You can do the Land Patent yourself or hire a Constitutional land expert, like Ron Gibson from Oregon, to make sure they're no problems.
It's a no-brainer to hire an expert for a few thousand $, that will make sure my patent is airtight, and I can tell the county to kick rocks. No more property taxes. No more building codes. No chance of foreclosure-you, and your assigns, own the property forever. That's actually stated in the Patent.
So you don’t own a car or for that matter anything 😂
@@ChristisKingMinistries-oj9zx you’re talking out of your ass based off a he said she said story. But what ever.
I bought lands and houses over the years, and all 8 times i prospered by Gods grace; but i knew very ĺittle of what you know.
I say do NOT give your emotions sway; its a hard-nosed business!
🤨
He's so right at 9:00 ! To add to that - keep an eye on properties that rejected your bid and stay on the market!!! My wife and I underbid by $40k on a property where the owners were going through a divorce. They tried holding out at first, but ended up caving. The RE agent let us know he was surprised they accepted our bid because they received the same offer a year prior and rejected it. After a year of offers not matching their asking price and needing funds to split due to their divorce they gave in and accepted our offer of $40k under asking price.
I just wrote down a ton of notes because there is a property I've been eyeing and this will be my first time buying land if it works out. Here are my notes if anyone wants to see them.... Look for Deed Restrictions are on file at the county courthouse.
Put a contingency in your contract to approve the deed restrictions, a clear title, not in a flood zone,
Make sure the property can perc (will absorb water) specific for your house plans or you will have a problem down the line and end up having to upgrade your system
Ask why are they selling the property which will help give you insight as to why they are selling at a low price quickly. This might help you gauge if its too good to be true.
Get a title policy/insurance on a property- a one time payment which covers the property for the entire time you own it (no monthly payments)
Follow the trees (cedar and birch) they usually grow in rocky soil. It might be hard to perc or get a well dug in that kind of soil.
Is the property in a flood zone? Drive around and see if there are any homes built on an elevated foundation because this might be an indication.
How long has the property been on the market? (Look at the history of the property) Sometimes the seller will take less if its been on the market for a long time and they are motivated to get rid of it.
Don't do verbal offers because they don't have as much impact. Do them in writing so the seller knows you are serious. Have an offer to purchase with an approval letter and showing that you have the funds to purchase.
Get an appraisal on the property to see what its worth because sometimes sellers put a higher price than it is actually worth. Even if you make an offer and they reject it just keep watching it because if it doesn't sell at that price you might be able to come back and offer again and they might take it.
Thank you for sharing.
Thank you.
brother thank you
god bless you. thank you
One common pattern is that wealthy individuals often prioritize financial discipline, making wise spending choices and consistently investing their money. In contrast, some individuals with fewer financial resources may focus on immediate gratification, spending to impress others without considering the long-term benefits of investing. It's important to remember that financial situations can be complex and influenced by various factors, but these trends can provide insights into different approaches to wealth management,,
Saving and investing wisely while prioritizing necessities and a few small luxuries in relation to one's total assets is a great approach. It helps ensure financial stability and I my for the enjoyment of life's little pleasures without compromising long-term financial goals. It's all about finding a balance that works for you!
very true, a huge part of my portfolio growth has come during this bear market. I've been able to scale from $180K to $572K in a short period of time.
I operate a wide-range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Everett Gary Oliver, has been an amazing experience.
It's crucial to do your due diligence and conduct thorough research before diving into any investment. Understanding the market and seeking guidance from a knowledgeable advisor can help you navigate the complexities and make informed decisions
Honestly, I'm surprised that this mrs Everett Gary is mentioned here, came across a testimony about her from one of the beneficiaries on the CNBC news, she seems to be doing extremely well....
Straightforward sound advice, easy to listen to and a down to earth presentation.
2:20 before he says anything
When Wayne speaks I listen. Thank you for doing what you do and educating many us on land and properties 🙏
"Follow the trees", that was a new thought for me, but how true! Thank you!
What you offer in ur vids is an enormous life experience that would cost a fortune to learn… you are brilliant and a real blessing to people… love you brother..
Not developing an emotional bond to a property is the hardest thing to do because the process of determining whether you can justify a purchase requires developing a vision for its use and forming a vision automatically starts creating a bond. But you have to be willing to break that bond if things don't fit the necessary requirements.
Just got 10 acres that came with property covenants. Had to check with my real estate attorney to ensure that I could do ponds. Told my realtor, if the answer was no; then I was going to walk. However, I am now in process to do my soil study for septic and pond placement. Ohio!😁
May I ask what you had to pay per acre? I’m also looking in Ohio.
Seems 19k - 25k/acre in my area of North Central Ohio
@beckysipe8758 apologies 4 my lateness, just saw this 2day. Where I am, it was $5700/ac. But thx 2 the property values going up in the county north of me, I now have land worth $6600/ac. GOD is Good. ☺️🙏🏾
This is great information! I knew about perc tests but had no idea the perc test established the number of bedrooms.
@wrongfulconvictions1 Limitations on perc tests are new to me as well. I wrongly assumed that it was a pass fail thing. Just listening to potential pitfalls keeps me from going off half cocked to scoop up a property.
We’re looking for land now. My husband and I want to build our dream home and as a realtor Wayne’s expertise is by far the most superb information I follow. I love this man.
Wish I had advice like this when purchasing our property. 3 years later we finished, but it was the most headache and stress I’ve ever dealt with. Regrets? Not in the end because it all worked out. I would certainly regret making these mistakes again though.
We hired a realtor who failed to do due diligence. Uncovered all kinds of problems, illegal movement of dirt, concealed spring head, protected stream head on state waters, buried wet land which needed an NWP 29, entire property was historically a valley which was filled with bad fill. Septic system was limited in size. I can go on and on here!!
Glad I came across your videos. You're simply the best!! Thank you!!❤
Keep it up Wayne. We are listening
Wow! I hadn't heard of all these certificates and regulations. Thank you sir! 😊
That last bit is so true . A neighbor of my aunt's pit their 20 acre property on the market , got offered 7.5 million for it . They didn't take it . 10 months later they took 6 million , ouch .
Thank you for teaching us how to buy some land! You’re helping me big time!
Thank you. I’m super glad to help.
@@TheRealWayneTurnerGreat videos! In what order should I put in all the services and mobile home? I’m thinking. Clear land, mobile home. Electricity, water well and last septic system?
This is probably the best video I've ever watched regarding land. Thank you for the information
A small point. A modular home is not the same thing as a manufactured home (i.e. double wide or single wide).
Also, FEMA has flood zone maps that are easy to look up the land to see what flood zone it is in.
I know from experience that you have given a wealth of information to home or property buyers. Thank you on their behalf.
Wayne, I and many others appreciate your brilliance regarding real estate per the "pros and cons." You are helping us with outstanding information and advice! Thank you sir.
I appreciate that!
Indeed✅✅✅
Never ever talk to county disaster management officials or taxing agents wanting to tour your property after the neighborhood is flooded. You will get put in a flood zone regardless of the impact on you and the land owner is required to conduct a community elevational survey to prove you are not at risk. I’m grandfathered in as class C but required to maintain flood insurance by my mortgage company and resale is severely compromised.
*Clear Titles* are a primary requirement not just a Quit Claim Deed ... don't fall for the latter w/ the former. People might be surprised about how many owners are on one small property & if the heirs decide to actually file a Quit Claim Deed & then ...
Hi Wayne, thank you for sharing such gems with us first time land buyers. There is much to learn and sometimes I feel overwhelmed with all the information that is out here. I will watch this several times and take down good notes before I go looking at property. Much appreciated!
Just don’t rush the process.
I have learned it’s best to slow down, process before moving forward. Pay attention to my gut instincts as well.
Thank you Wayne!@@TheRealWayneTurner
@@TheRealWayneTurner Thanks for the advice. We are currently renting and lease expires in June, so part of me wants to rush and find that perfect piece of land just outside the city limits.
@estebanserrano1303 Same feeling
Big Wayne! You're the man. This is gold.
@Wuzzam812 I would like to second that. I have wanted to get out of suburbia, back to a more rural setting. It been a while since dealing with drilling wells or septic systems. I’m paying rapt attention because things have changed. THANK YOU WAYNE!
I'm in Malaysia but many/most of the videos at this channel are still of great value. This one for instance - the tips here are relevant everywhere.
Brother thank you for taking the time to help those of us who do not know. God bless you
Good video with lots of helpful information. One note of caution, though, is to not confuse a 'modular home' with a single wide or double wide 'modular home' as you refer to in your video. They are not the same thing... a single or double wide is a manufactured home, not a modular home. Otherwise, keep up the good information videos.
@FPRWoodWorks Your comment has piqued my interest. I thought a double wide had been rebranded to stave off negative associations. To me, they shared a certain look that made them look prefab. Thanks for pointing this out, I will be researching both.
Tremendous valuable information. Every buyer should take time to listen
More wonderful advice as always!!! Thank you Wayne love all your videos!! I'm hooked now and can't stop watching? God bless!
I’m looking at land at the moment and appreciate your videos. My biggest problem is realtors not getting back to me or my realtor.
Thanks for your videos. Your channel is a gold mine of knowledge.
Thank you! I enjoy helping.
Watch Wayne walking - there is a butterfly that keeps perfect pace, 9:03 Wayne stops, watch butterfly stop and hover around! This guy is
Right as rain!
@dr123hall I went back to that place in the recording. What I thought we were seeing was the reflection from Wayne’s mobile screen as he recorded. It appeared that he reversed direction while walking for the cameras sake. I don’t know 🤷♀️. Maybe we need to ask Wayne.
1:14 great advice. …this is true with housing and automobile sales as well.
Wayne, this is by far the BEST video on buying land and building on it!
Thank you for the valuable information.
GREAT video. 👏👏👏👏👏🥳👌👌👌👌👌🎊👍👍👍👍👍🎉🙌🙌🙌🙌🙌🙌
Love these videos, would be great if you could address buying mountain land and the unique issues that come with that please.
Do you have a break down video of the process of taking say 20 acres and parceling off 3 or 5 for sale. Everything a seller should do to prepare for the sale and what the purchaser should do when buying said piece of land?
Not yet but I will be producing one.
This info is incredibly helpful. Thanks you so much!
My only complain is, "irreguardless" isn't a word.
touche
Hey Wayne thanks for the invaluable information thank you so much.
I’m so glad I found your videos. We are going to Tennessee to look for a 5 acres to 10 acres. This will be what we are going to call home . And we want to build our dream home .
Tennessee land is very expensive.
The way you talk. I would like to express interest purchasing land from you. I not interested getting a house. However, I like to live a farmer life. I would build a chicken coop. Have a commercial tent built around it so I can attend the chickens. I not worried about a flood because I can move my assets if I have to.
Thank You for the videos Wayne. I just subscribed to keep up to date. I don't want to make the same mistakes I did in the past! Much appreciated Sir
WAYNE your videos are really educational , I am planing in buying a land and I been learning a lot from your teaching thank you very much.😁
I've been asking agents about a Title Policy. All have said it's worthless
Love your content, always very good and informative. Just one question though… What do you think of property listings that have telephone lines standing on front of the yard or that sit right beside a narrow road? I ask this because the cheapest ones (“cheap” being under 70K) that I’ve come across near my ares all seem to have one or the other. I would think these may present big problems for the transportation and construction efforts to set up my dream modular home. Do you suppose these should be added to the list of properties that you should avoid?
Thanks Wayne, I’m getting ready to buy
Let me know if we can help you.
Nice job! All good info. Alot of people do not know or understand.
Very true!
It’s sad that the first person has the power after they sell what you can and cannot do that’s messed up!!
Wayne -- A lot of detail can be seen using Google Earth -- Just subscribed to your channel but so far I have not heard you mention looking at property from above with a app like Google Earth -- There are even "tools" where you can see the topography and even do measurements. And be able to save via screen shots etc so you can print the views you capture.
It’s good for seeing water depth and all kinds of stuff, agreed it’s a great free resource
@retiredperson what a good idea to use google earth. Thanks for the tip. I watch Jon Levi as he peruses maps to show viewers all that is hidden from us. Some things are distorted so nothing can be seen, but they haven’t gotten everything. My eyes have been opened by Jon Levi’s “discoveries”.
Yes and there are features in the advanced Google Earth App where you can do some measurements and line out the lot lines...@@celiauzarski2064
Thank you love your videos. I learned something new Percolation !
You are so welcome!
Hi Wayne, I learned so much about well and septic today. It’s not new to me, however refreshing my suburban brain to how things are “ out in the country“ was a much needed reminder.
Dont buy property with aspen or cottonwood trees. They are a nightmare; roots spread 30 feet and get under foundation and driveways. They grow fast and big. Root system ruins gardens with 1000s of suckers.
Or just don’t build your house near those trees.
Build a 10 foot fence. Just a thought
The house my parents used to own sat high off the floodplain, but it was near a wet weather creek that regularly flooded their way on and off the property. At first they had a bridge to a right of way through a field; heavy rains would wash small trees down and take out the bridge supports or even undercut the bank.
They moved the driveway to follow the near side of the creek out to the other road, but there was a wash that required a culvert right at the edge of the property, and, during floods, the runoff would wash the ground from around the culvert (it was a big culvert; idk exactly, but I'd estimate that it was more than a yard wide.) Oh, and the land was a cedar barren, hilly, rocky, and clayey/porous/dry in summer. Hence the wet-weather creek....
We loved it there, though. And the current owners show no signs of leaving.... 🙂
Just found you. Started a new playlist. Very helpful sir.
Thank you. We have made mistakes in the past so this time we moved into an apartment so that we would not be under any pressure to buy. Eva
Very informative..thank you! Any knowledge on starting an RV park?
Just make sure your county will approve it before closing on the land.
Thing is a perc test doesn't stop you from putting in a sewer system, it add cost but doesn't stop you. You can build the drainage field, by digging up the soil & replacing it. How deep you have to dig that depends on your state codes.
As a contractor the biggest mistakes I've heard people make is not researching what the state has the land coded as.
The biggest codes that people find is that the land is coded as farmland, wetland(that can include seasonal minor flooding) & endangered species( this includes animal & plants).
Any of those 3 can ruin you dreams in a heartbeat & unlike the perc test, only a act of good is going to get the government to change those codes
Thank you and God bless you, sir, I am looking forward to buy piece of land and this is very valuable information, I hope to deal with you if possible.
Thx for sharing brother
Excellent information!
Thanks Wayne, always great info.
i learn alot,i hope to buy land where i can keep bees,
My husband and I looked at a really nice house in the country. In the pictures it looked like it was on flat ground, but when we got there we seen it was on a steep hill. We also found out the owner moved property lines and the barn wasn't included. My husband didn't like the new property line. It had a front door that led to nothing. There was no path to the driveway or street. We had our realtor inquire and we found out that the house basically had an HOA without calling it that. The owner had a lawyer draw up a paper saying you can't put up a fence or dig ground. You can't have livestock, and you can only have dogs under a certain weight. I told the realtor they would never sell it. We would never have even looked at it if that was in the listing. It was a long drive and a waste of everyone's time. It's still on the market and price hasn't dropped. I told them no one is going to want to pay $360,000 on a big house with an acre in the country and be told they can't do anything on it. That's not why people buy land in the country. That's why everyone moves out of the city. Oh, and it also said you had to be quiet and not disturb neighbors. They also said it had 4 bedrooms which was a lie. They had 2 beds placed in the open space at the top of the stairs and counted it as a bedroom. That was also annoying when you have 5 kids and you need rooms and the listings lie to you. We have since seen other houses that had lies in the listing or things were left out.
I had $2000 in 2 title ins policies, it was crap. Prop owner changed pin# so 1st r e tax bill said $0. Bldg owned by LLC rented bldg to church. Not tax exempt... Anyway also omitted taxes popped up for 4, 3 & 2 yrs before my purchase. Not in the bldg's file. *A+ rated Title Insurance co said NO to covering. Lost thousands.
Shouldn't the title company provide most of that information? I bought land 3 years ago and glad I did. There is way less for sale today in U.P. of MI. I paid cash. Here you need at least 2 inch well for bank. Here you can build cabin or cottage no permit up to certain size. I am pulling permits in case I want to sell. Property down the road sold with motorhome on it for like 12000 more than property price of 10.1 acres. I hand dug my piers and foundation for my cottage. The land perks but has a line of seeps and springs. So very concerned about sewage getting into shallow ground water. I walked the property a few times before buying. Property was cheap in U.P. 1000 an acre or less with lots of acreage. The info from the title company informed me about easement and previous oil lease. We have no rocks on property because glacial shifted sand. Boulders are about 2 miles away. We build higher than neighbors for septic/sewage flow. Glad I bought years ago because nothing really for sale in U.P. for cheap today. Someone bought the property I wanted on the Island and so happy I didn't. Islands don't have too many game animals. I end up expelling Riparian right to many home owners.
Always ask why ur selling-what do u like most about property n what do dislike about property!
Thank you for sharing this valuable information.
Glad it was helpful!
Thanks Wayne, lots of value and nuggets of information in this video. Keep up the good work!
I'm looking to to buy off grid unrestricted
Buzz me. We came hook you up. www.ContactWayne.com
Why do some people pprice land very far above the real value?
I almost offered on a piece of land that had the previous house demolished on it. They were asking $ 12,000 in 2013.
It was listed as sold a year later.
I am planning to move back to that area and googled the address to see if it might be for sale.
It was listed for $ 49,000 in 2022. The ad said it had 4 bedrooms and 1 bath, but there wasn't any buildings in the pictures.
A year later it was priced 36,000.
Maybe they never saw the property in person and dont know the old house is gone?
Really like your information presentation on buying land and homes, my only complaint is there is NOT always a subscription button at the bottom of the video?😢😢
@richardavery2244 RUclips can play little games with viewers. I believe that most of the time the button you’re referring to is a subscription bell. It is located at the top across from channel name. The bell is there on on my mobile, pc, and tablet. If you watch on tv, I don’t believe you have it, but you cannot comment from tv either. Maybe RUclips is doing shenanigans?
You are a Great guy.. Thanks !!
I appreciate that!
amazing work buddy. love to listen to these, as your style and approach are both soothing and incredibly informative at the same time. I knew a lot of info in your videos from buying a couple properties in my life, but never raw or undeveloped land which is something I am starting to consider for my wife and I in the next year or two. Always seems to be a veteran tip in your videos, so keep that up, if you can.
It would be helpful if you add chapter marks to your videos so we can go back if needed.
Greetings from sweden. I watch you a lot. Thanks sir!
I just went through a mess with building a house. Don't necessarily believe the building inspector for the city/town 100% BEFORE you build your home. I was told I could do a certain thing on my house. He even told me how to do what I wanted in order to get it aporoved to build. Based on his assurances, I paid an architect $27k to design the bldg. It took 9 months and 6 city reviews before I got a building permit. When I picked up the approved plans from the City inspector, he told me I could not do the very thing he assured me I could do. I had also paid $13k to the City for permits, review fees, tap-on fees to get the permit.
Shop around for your architect and anything the City official tells you, insisrmt that they put it in writing. 2 yrs later, I'm still living in an apartment because building costs tripled in the 9 months working with the architect and City.
Thanks Wayne,
This has been some real good info I've seen on your channel.
I used to have my own home, but lost it during divorce.
I want my own place with land. I'm wanting/needing to move somewhere warmer with low humidity.
I'm on disability retirement now. I'm trying to qualify for a USDA rural loan. Also trying to find grants.
How do i find a realtor that takes me serious. That is willing to take time out for me. I know if they don't get a sales they don't get paid. So i understand I'm not a real good risk.
Do you have any thoughts on this that might help me?
Thank you for your time.
Thanks for the help
Wayne , the man who never left
Hi Wayne, Thank you so much for sharing all of this. I am looking at a piece of land to build my home. I'm wondering if I can ask the realtor if they have already had these things done, and could I trust the information they give me?
Make sure you get proof in writing and have an agent working for you. Let me know if you need one. www.ContactWayne.com
Valuable information
Glad you think so!
Zoning is the first thing to consider.
so much knowledge... man im glad i found you on here Wayne. keep it up man!! you Rock and Ppl are going to need your wisdom. wether they know it yet or not ... they will be so glad when they find ur videos. your doing such a great job sharing and helping and letting us in your head... thank You
I just want to buy land not to put anything on it just buy land and then pass it down to my daughter but I don’t want expensive land nothing like $30,000 $20,000 maybe 500 to 5000 and where is going to sell later on for a good profit where is that at?
Thanks Wayne . Great information !
You are very welcome
Thank you so much!!
You're welcome!
Thanks!
Once again GREAT INFORMATION THANKS
I'm concerned about the term "modular" that you use. I believe you mean "manufactured" because there is a difference.
So valuable ❤
Great video, I purchased land without a realtor, and worked directly with the title company. Things went smoothly. What do you think about doing this?
Love your videos but I think you meant single wide “mobile” home and not modular. I may be wrong but I have never heard of one of those. In fact modular homes are very different than mobile homes. Mobile homes in most places have a title like a vehicle whereas Modular’s are never equipped with axels or wheels and come in on a trailer and are assembled so they are never considered mobile.
Would love to see a video on how to best set yourself up/prepare for buying land/moving out of the city! My husband and I are taking on more jobs and working extremely hard for the next year with the plan of combining a substantial down payment and hopefully decent equity from the sell of our current home to be able to afford acreage outside our the DFW metroplex but not sure the best approach or if that’s even the best way to do it…any thoughts you have would be amazing! Regardless, I’m loving your videos-they’re so helpful!! Thank you for doing them!!
Thank you sooo much for sharing this information. We learned so so much! God Bless you in all you do!
Thank you buddy
I appreciate your work !
Modular homes are not manufactured homes. Modular homes are built to the same codes as stick built and are financed/insured the same.
Unfortunately they are not the same as an onsite board by board built home.
Hello Wayne you are doing a wonderful work for the community. Great Knowledgable personality you are. I would like to work with you and learn. 🤠
Let me know anytime. www.ContactWayne.com