Imagine you just bought a beautiful parcel of land with an abandoned cabin for only $3000. Think about how excited you would be. Now imagine that you go to visit your wonderful new property, and just as you begin to open the door to the cabin, the neighbor rushes over and starts yelling. It turns out the cabin belongs to her! This is not a hypothetical, it actually happened to us once. And it was not the only mistake we have made investing in land. In this book, you will uncover 11 true stories of land investing mistakes, mishaps and misfortunes that will show you what not to do when buying vacant land. Are you are looking to hunt, camp, farm or build your own home? If so, you will want to read these stories before you buy. Complete with a bonus due diligence checklist of over 120 items to guide you on your land acquisition journey, this practical book will teach you: How to ensure you can access your property.How to properly handle complicated ownership issues.Ways to detect environmental contamination.Effective tricks for navigating scams.How to handle difficult buyers or sellersWhat you should never do when confronted with a sudden surprise.
Whether you are a first time land buyer or a veteran land investor, the tips in this book will help you navigate the stressful, confusing and complicated world of vacant land. In addition, the due diligence checklist covers things that only the pros know, such as: What happens to a property when one spouse passes away.Mineral rights, water rights, crop rights, timber rights and more.Tools to analyze the development potential of a lot.What to do if a property is in a Special Hazard Flood zone.How to navigate county and city land use and zoning regulations.What to do if you have wetlands on your property.Various easements that you need to look out for.The difference between land use and zoning.How to bring utilities to land.Environmental contamination and how to catch it.The things that a title search won't catch.What to do about encroachments.How to analyze whether your site conditions are conducive to construction.Ancillary probate and other easily missed items.How to prepare a site for development.Auctions, reassessments and other tax issues.Well testing, riparian rights, water law and other items to consider when using a well.The different kinds of surveys you may want to order.
Designed to be a complete due diligence checklist of everything you must look for when buying land, "Land Investing Mistakes: 1