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Updated almost 9 years ago,

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! 

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