Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago on . Most recent reply

User Stats

75
Posts
13
Votes
Harry Asnien
  • Investor
  • Mandeville, LA
13
Votes |
75
Posts

Have Signed Raw Land Contract, Now What?

Harry Asnien
  • Investor
  • Mandeville, LA
Posted

I've just got my first signed contract back on a piece of raw land/vacant land that I am planning to flip and I am super excited! However, now I need to figure out what due diligence to do prior to closing. I have already called to county (in SW Mississippi) for zoning/flood zone, buildability, and back taxes. I've also looked into terrain, road access, and there is a mobile home next door, so I would assume a septic tank or public water is doable. 

The purchase price is about $600 with $950 owed in taxes, so I was thinking of ordering a title search online instead of going with a full closing process. Is there anything else that I should be considering for due diligence prior to closing?

I'm excited to get this first deal under my belt! 

Most Popular Reply

User Stats

75
Posts
13
Votes
Harry Asnien
  • Investor
  • Mandeville, LA
13
Votes |
75
Posts
Harry Asnien
  • Investor
  • Mandeville, LA
Replied

Just an update: 

I closed the deal by doing the title search and deed work myself and just sold the property for a 500% profit! I'm excited to have completed my first deal start to finish (even if it took me a long time to stumble through) and I can't want to get more deals in the pipeline.

Thanks everyone for the help.

Harry

Loading replies...