Introduction
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Video
Already so, let's say you're in the market for some really cheap land in north carolina or anywhere for that matter, you could use these same steps, but, let's start on zillow now zillow is one of the most basic of all platforms.
Everybody knows how to use it.
We're going to put north carolina into the search bar, we're gonna, go ahead and make sure we're only targeting land and then we're gonna go ahead and see what we can find up to ten thousand dollars.
So we go ahead in our price points.
There we go from zero to ten thousand.
Now we just wanna start exploring and see what's available, so right off the bat we got one acre for three thousand dollars.
Let's see, what's going on with this acre here, always be sure to check the descriptions, because a lot of times, if there's hoas the hoa fee, can bleed you out on deals.
So you can want to kind of go through, read everything.
So we do have a hoa on this, not loving that three grand a year there for the hoa, so we're gonna keep on exploring and see what else we could find, but we're taking note on it.
So those are listed for three quarter acre lot for about ten a little baby lot for a quarter acre for five grand.
Now as I go through these, I start pulling down the cities the size of the lot and what they're listed for on the retail.
So if you're on zillow pretty much everything that's listed, there is the retail price.
You will find wholesale deals on here, but overall, it's going to give you an idea of what they want as a retail price point.
So let's go ahead and cut this back to 5000 and see what we got there is that one for 3 grand we just looked at yeah, almost five acres for 2500 bucks.
Here we go something that might not have an hoa.
We got almost two acres for just under five grand nice open land there, some trees around blah blah all the stuff.
We look for on these cheap lots.
So if the retail price is five grand what I would do in a scenario like this is, I would check a couple other uh listings to make sure they're all listing for five grand and that's been sitting on the market for a while there you see that was been sitting for over a year in a red, hot, real estate market.
Like this, that's a little bit of a red flag.
We want stuff, that's going to sell, really quick, but that's not to say we can't flip deals there.
What I would do if I liked what I was seeing, I would send out a thousand offer letters to out-of-state owners that had property there, and I would just offer everybody 500 and see who would say yeah, because if my exit price point is potentially five grand and I could take these things down for five hundred dollars, I know I can flip them for 2 500 bucks fast.
I would come in as the wholesaler, so that would be my strategy like that and, like I said, to find these things we're just going to kind of explore around zillow.
First see what's going on and then once we have a list of these particular properties in certain areas, I'd like to do a double check on actual land investment platforms.
So this is where we're going to go ahead and search out the city and state on places like land watch, land of farmland, central land, flip, we're gonna kind of go to all of them and just make sure the data lines up.
Zillow says they're worth five grand.
What are they selling for or listing for on these other platforms, if everybody's listing them for five grand okay, great five grand is the number, but it might not sell fast, as we had just seen in that last listing there.
So that's when I would say: okay, I could sell for five grand, but what, if I sold it for five grand with a hundred down and a hundred a month for 60 months, getting six grand but creating nice easy payment plan for the end consumer? I bet you.
I could sell them really fast and if I was making offers at five hundred dollars a pop after my cost of marketing and closing costs, I'd probably be into over twelve hundred dollars.
That is well worth the return and investment.
I would get by structuring it like that.
So this is what I do when I'm searching out new areas I like to see, what's going on in a state and I'll just check all the different cities within that state to see what's popping and I'll narrow it down to a handful of them, then I'll start sending out offer letters once I have data that I like, but it's just a matter of starting scrolling and one of the cool things about zillow as well, is, if you just wanted to test an area you could buy one of these cheap thousand dollar properties or whatever, and what this will do is connect you with the listing agent.
So you have a real estate agent on the ground for you and it will connect you with a title company, so you can use a title company when you do more aggressive offers, like I was saying so you just buy a cheap property or even that one for uh that almost five thousand dollars for two acres you purchase that outright.
You take a little bit of a loss, see those listings right there for a thousand bucks.
That's the type of stuff I'm talking about, but you just purchased one outright.
You meet the local agents, you meet the local title company.
Now you have everybody lined up now we start making offers and really aggressive offers, and we have everybody to sell them outright.
For us, we have the people to close them for us or, if we're doing our seller financing.
We just structure that and when we're paid off in full, we still have the friendship with the title company in that area and they'll go ahead and do the transfer for us.
So if you stuck with me this far, I truly appreciate that it means you are interested in getting land ridiculously cheap and we have a program coming out, showing step by step, how to buy land really really cheap.
As far as how to find the deals, how to source the deals, how to make offers on the properties how to connect with wholesalers.
The list goes on and on.
This is going to be, like probably 20, plus video modules, showing you exactly how to handle all that and that will be available in about a week.
So, if you're interested in that drop, a comment down below you could just say interested in the course.
It's how to buy land really really cheap, covering all the angles on that.
So I truly appreciate you tuning in to this.
Thank you so much holly with any questions, and I look forward to connecting with you on the next video.
FAQs
How much does 1 acre of land cost in NC? ›
From the website: "LANDFLIP has $378.21 million of land for sale in North Carolina with a median listing price of $145,000 or an average of $5,152 per acre. The total acreage of North Carolina land for sale is 73,410 acres with an average listing size of 74 acres."
Where is the cheapest land to buy right now? ›Arizona is the cheapest state to buy land with a median price of $4,164 per acre. New Mexico is the second cheapest state to buy land with a median price of $6,000 per acre. Mississippi has the third cheapest land in the US with a median price of $10,835 per acre.
How much is the Homestead in North Carolina? ›North Carolina differs from most state homestead laws by not specifying an acreage limit, but only allowing up to $1,000 worth of property to be declared a homestead.
Where is the best place to buy vacant land? ›- Arkansas. ...
- Tennessee. ...
- Utah. ...
- Arizona. ...
- Oregon. ...
- West Virginia. Enjoy the endless mountains and land for sale in West Virginia. ...
- Kentucky. Land in Kentucky is its most valuable asset. ...
- Texas. If you are looking to create a farm or a ranch, Texas is the state you should focus on.
Listings for unclaimed property are posted by last name (inclusive of all counties). The listings are provided annually by the State Treasurer's Office to each clerk of superior court in North Carolina. Contact the State Treasurer's Office or search online for additional information about unclaimed property.
How do I claim abandoned property in North Carolina? ›If you have additional questions regarding your claim, and would like assistance, please contact our office by calling 866-NCCash1 (866-622-2741) or at unclaimed.property@nctreasurer.com and one of our representatives will be happy to assist you.
What time of year is land the cheapest? ›Cold, Rain, and Snow Are Best For Purchasing Land
Colder months are the best time to buy a piece of land, which holds for both developed and raw land. With the holiday season and hunting, plus winter, there's less competition as properties listed have been on sale for months since the spring boom.
Arizona. A desert climate will be a challenge, but not an impossibility, for growing your own crops and farming the land. It's one of the cheapest (if not the cheapest) of all 50 states to buy land in, but you'll need to check whether the specific location you might have in mind actually allows for homestead building.
How big is the acre? ›Officially, it is 43,560 square feet, and a football field is 48,000 square feet. Our standard acre isn't the same worldwide. Irish and Scottish acres are bigger than those in the US.
At what age do you stop paying property taxes in North Carolina? ›North Carolina defers a portion of the property taxes on the appraised value of a permanent residence owned and occupied by a North Carolina resident who has owned and occupied the property at least five years, is at least 65 years of age or is totally and permanently disabled, and whose income does not exceed $50,700.
Who is exempt from property tax in NC? ›
All taxable personal property in North Carolina is appraised at its true value in money. The two main exceptions are inventories owned by manufacturers, retailers, wholesalers, and contractors as well as non-business personal property. These types of personal property have been exempted by statute in North Carolina.
What qualifies as a homestead in NC? ›Own and occupy property as a permanent residence for 5 years. Annual income cannot exceed $50,700. Annual application is required.
What is the smartest way to buy land? ›One of the best strategies is to pay cash, because lenders consider vacant land a riskier investment than a house that's already built, and charge more to finance it as a result. If you plan to pay in cash, you'll want to budget for both the land and additional expenses like property taxes and utility installation.
What state has the most unused land? ›Alaska, which has only 0.2% of the overall U.S. population, contains a fair number of very large, entirely empty census tracts.
What is the abandoned law in North Carolina? ›Under North Carolina law, abandonment occurs when one spouse (1) willfully ends cohabitation; (2) without the intent to resume living together; (3) without consent of the other spouse; and (4) without justification or provocation.
What is the last unclaimed land? ›The Bir Tawil therefore remains one of the only habitable places in the world unclaimed by any recognized state.
Does N.C. have squatters rights? ›What are Squatter's Rights in NC? Squatter's Rights are a form of Adverse Possession. Your property may legally, without exchange of payment, belong to a squatter residing there if they stay for a distinct period and meet a set of guidelines according to North Carolina law.
How do I find abandoned properties near me? ›Check with Local Authorities
Make an appointment with the county clerk. You might be able to identify abandoned homes by going to the county clerk's office because the government keeps property ownership data. Inquire with banks to see if they have an inventory of houses under foreclosure.
As of FY 2021, there is approximately $1.02 billion in the unclaimed property fund. You may be one of the North Carolinians who is owed money from the fund.
How long before property is considered abandoned in South Carolina? ›Determining abandonment
Precisely how a landlord determines abandonment is sometimes written into the law, and this is the case in South Carolina. A tenant is presumed to have abandoned a rental if they have an unexplained absence for at least 15 days after defaulting on the payment of rent.
How much should you save to buy land? ›
The typical downpayment or deposit on land ranges from 20% to 50% down. It's important to calculate all of the costs of a potential mortgage and make sure it aligns with your finances and plans for the land before moving forward.
Does land lose value over time? ›The land asset is not depreciated, because it is considered to have an infinite useful life. This makes land unique among all asset types; it is the only one for which depreciation is prohibited.
What month is the cheapest to buy property? ›The best time to buy for a good deal
Bagging a bargain depends more on the seller's situation than the time of year. Sellers' who need to move quickly are more likely to accept a low offer. For this reason, November and December can be a good time to get a bargain.
Homestead Properties in North Carolina
North Carolina is considered one of the top US states for maintaining a homesteading lifestyle. Our climate and geography are well-suited for farming and raising livestock.
Any resident of North Carolina owning and occupying land in this state is entitled to homestead for the duration of his life.
What state is best for living off the grid? ›- Alabama. Sweet home(stead) Alabama. ...
- 2. California. California, the land of milk and honey. ...
- Missouri. The Midwest treasure is also a great place to truly get away from the world. ...
- Alaska. ...
- Tennessee.
An acre is equivalent 43,560 square feet. To give you an idea of exactly how large one acre is, consider that many developers are able to squeeze about 15 houses per acre. It is just about the size of a football field.
What does 1 acre of land look like? ›To visualize an acre, compare it to sizes you're familiar with. An acre has 43,560 square feet, which is about 90% of a football field (minus the end zones) or nine professional basketball courts. If you want to visualize an acre as a square, that's about 208 feet by 208 feet.
How many football fields is an acre? ›1 football field is roughly 1 acre. (The exact measurements of football fields vary.) 1 hectare = 2.47 acres.
What benefits do seniors get in North Carolina? ›- North Carolina Has Zero Social Security Tax. ...
- Homestead Property Exclusion / Exemption. ...
- Circuit Breaker Property Tax Deferment. ...
- Zero Property Tax in Active Adult Community Living and Senior Retirement Communities.
Does N.C. tax Social Security? ›
North Carolina exempts all Social Security retirement benefits from income taxes. Other forms of retirement income are taxed at the North Carolina flat income tax rate of 4.99%. The state's property and sales taxes are both moderate.
How old do you have to be to own land in North Carolina? ›In summary, a deed from a minor is voidable until the minor has reached the age of 21, unless the minor acts under one of the above exceptions, or affirms the deed after he or she reaches 18 years of age. The real property of a minor can validly be conveyed before majority through a duly appointed guardian.
Does paying property tax give ownership in North Carolina? ›3. Can you pay someone's delinquent taxes and become the owner of the property? No. Paying someone else's taxes will not entitle you to any legal ownership to the property.
How much is property tax in NC? ›North Carolina Property Taxes
North Carolina's property tax rates are nonetheless relatively low in comparison to what exists in other states. The average effective property tax rate in North Carolina is 0.70%, which compares rather favorably to the 0.99% national average.
North Carolina has a flat 4.75 percent individual income tax rate. North Carolina also has a 2.50 percent corporate income tax rate. North Carolina has a 4.75 percent state sales tax rate, a max local sales tax rate of 2.75 percent, and an average combined state and local sales tax rate of 6.99 percent.
Who is eligible for homestead exemption in North Carolina? ›A qualifying owner must either be at least 65 years of age or be totally and permanently disabled. The owner cannot have an income amount for the previous year that exceeds the income eligibility limit for the current year, which for the 2021 tax year is $31,500.
How do I become farm tax exempt in NC? ›Form E-595QF, Application for Qualifying Farmer Exemption Certificate Number for Qualified Purchases. This application is to be used by a "qualifying farmer" in order to obtain an exemption number for purchases of certain tangible personal property, certain digital property, and services as listed in N.C. Gen. Stat.
Is North Carolina a community property state? ›Is North Carolina or South Carolina a Community Property State? North Carolina and South Carolina are equitable distribution states, not community property states.
Is there a downside to buying land? ›Land can be expensive to trade into and out of. There's real estate agent commissions, surveys, title insurance premiums, transaction taxes, etc. and all of these costs (those that you pay when you buy land and those that you pay when you sell it) reduce your profit.
Which state has the cheapest land? ›States With Cheapest Land
Arizona is the cheapest state to buy land with a median price of $4,164 per acre. New Mexico is the second cheapest state to buy land with a median price of $6,000 per acre. Mississippi has the third cheapest land in the US with a median price of $10,835 per acre.
How to make money buying cheap land? ›
- Buy and Hold.
- Rental Income.
- High-Profit Sale.
- Fix and Flip.
- Increasing Equity.
- Allow Billboard Advertisement.
- Give it to Harvest Timber.
- Rent Land for Indoor Storage.
The state with the highest percentage of land held by the federal government is Nevada (80.1%); the states with the lowest percentage of land held by the federal government are Connecticut and Iowa (0.3%).
Is there any free land left in US? ›The Homestead Act of 1862 is no longer in effect, but free land is still available out there in the great wide open (often literally in the great wide open). In fact, the town of Beatrice, Nebraska has even enacted a Homestead Act of 2010.
Is there any land left to claim in the United States? ›Is There Any Unclaimed Land in the United States? No, all land in the United States had been claimed – either by a private or public entity.
Is it cheaper to build a house in NC? ›North Carolina can be an affordable place to build a house, largely due to the state's low labor costs. Depending on the market, the average costs can range between $118 and $150 per square foot. In contrast, California averages about $203 per square foot, and New Jersey averages $188 per square foot.
What is the 2 cheapest state to live in? ›The cheapest states to live in are Mississippi, Oklahoma, Kansas, Alabama, Georgia, Missouri, Iowa, Indiana, West Virginia, and Tennessee. Mississippi is the cheapest state to live in in the US, with a cost of living index of 85. The second cheapest state to live in is Oklahoma, with a cost of living index of 85.8.
What is the cheapest style of house to build? ›Ranch Homes
A home with a simple and concise layout is the cheapest type of house to build. Ranch homes are typically single-story structures with attached garages. They're easy to find construction plans for and highly customizable, so you can find a home that fits your needs and budget.
north carolina Farmland Prices
Over the last 20 years, the price of farmland per acre in north carolina has risen by an average of 2.3% per year to $4,180 per acre as of 2019. This represents an increase of $1,830 per acre of farmland over this time period.
| Lot size | Average overall cost |
|---|---|
| 1 acre | $810 – $5,870 |
| 2 acres | $1,620 – $11,780 |
| 3 acres | $2,430 – $17,610 |
| 4 acres | $3,240 – $23,480 |
Is it a good investment? Yes. Land is a tangible investment that will continue to go up in value over time. So, if a buyer purchases land today for $250,000, then in a few years, its value can increase to $400,000.
How much land do you need for a farm in NC? ›
The present use value program still requires there be at least 10 acres and the farming activity that generates income has to have been done for at least three years in order to qualify. Berg said the 10 acres of property is still a requirement but it does not have to be contiguous land.
Do I need a lawyer to buy land in NC? ›In North Carolina, home buyers and sellers are required to involve a lawyer when closing on a property, as non-attorneys are limited in terms of what they can do for this process. Aside from this basic legal requirement, why is having a real estate attorney on your side as a buyer or as a seller a good idea?
Do you pay taxes on land in North Carolina? ›North Carolina Property Tax Rates
There is no state property tax in North Carolina, which means tax rates are determined entirely by local governments. Cities and counties can levy their own taxes, and special tax districts in some areas also collect property taxes for services like fire protection.
How Much Does it Cost to Build a House in North Carolina (NC) in 2023? The average home building cost in North Carolina ranges between $420,000 – $630,000. The construction costs largely depend on the type of property, construction area, and customizations.
Do you need a permit to clear land in NC? ›In order to proceed with clearing the land and/or engaging in land-disturbing activity, the landowner is required to obtain a Clear-Cutting Permit and is limited on the area in which trees may be removed: Trees proposed for removal may not be located in areas off limit to development; specimen trees must be identified ...
What is the cheapest method of clearing land? ›The cheapest way to clear land is to remove the brush and smaller vegetation yourself while leaving the larger vegetation and trees to the professionals. Grab a partner or two and spend a weekend removing any small shrubs, brush, or vegetation you can get your hands on.
How much does it cost to clear 1 acre of wooded land in North Carolina? ›Clearing wooded land in North Carolina usually involves removing trees, costly stump removal, raking, grading and seeding the land and more. In general, clearing land costs $3,000 – $5,000 per acre.
Is it smart to buy land and build later? ›Perhaps there's a perfect property that comes up for sale and you don't want to lose it, so buying the land now and building later makes sense. From a financial perspective, it may be much more feasible to split up the investments and have time to rebuild your savings before being ready to build.
Does owning land make you money? ›Real estate is renowned for being a profitable investment since it provides both revenue (via rentals) and appreciation over time (selling your property for a profit). If you're wondering why it is important to own land, you must understand that real estate investments are an excellent way for expanding your wealth.
How many acres do you need to be considered a farm for taxes in NC? ›For agricultural use – which generally includes row crops and open grazing pasture (including hay production) – the tract must be a minimum ten (10) acres in agricultural production, defined as the “commercial production or growing of crops, plants, or animals.”8 This classification also includes “aquaculture” ...
How do you qualify as a farm in NC? ›
What is the definition of a farm? A farm is a tract of land cultivated for the purpose of agricultural production. A farm is classified of having $1,000 or more of agricultural products being produced or sold.
How many acres does a farmer need to make a living? ›There is no hard-and-fast land requirement. However, the farmers I spoke with said that someone would need at least 500 owned acres and 1,000 leased acres to make a living.