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Updated about 9 years ago on . Most recent reply

Have Signed Raw Land Contract, Now What?
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

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