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Updated about 4 years ago, 10/15/2020

User Stats

4
Posts
0
Votes
Lisa Raposo
0
Votes |
4
Posts

Newbie Land Investor Due Diligence guidance

Lisa Raposo
Posted

Hello - I am a Newbie and researching some potential properties to purchase (goal is to flip). I am doing some due diligence on the parcels by reviewing on county site and zillow but some parcels dont have an address as of yet but do have an assessed value on county site. I'm second guessing myself and if I am doing correctly? Would you purchase properties without a site address?

Any advice on doing due diligence efficiently? 

User Stats

142
Posts
74
Votes
Cory O'Dell
  • Rental Property Investor
  • Dayton, OH
74
Votes |
142
Posts
Cory O'Dell
  • Rental Property Investor
  • Dayton, OH
Replied

Not a flipper here but you could always call/email the county auditor if you have questions about a parcel.

User Stats

284
Posts
201
Votes
Linda Hastings
Pro Member
  • Rental Property Investor
  • Stockdale, TX
201
Votes |
284
Posts
Linda Hastings
Pro Member
  • Rental Property Investor
  • Stockdale, TX
Replied

It’s really common for parcels of vacant land to not have an address. Typically one isn’t assigned until someone builds on it. 

As for due diligence, check out @Seth Williams’ blog (retipster.com), if you haven’t already. He has a lot of really good free content related to land flipping. 

  • Linda Hastings
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    User Stats

    115
    Posts
    82
    Votes
    Robert Dobbs
    • Residential Real Estate Agent
    • Delray Beach, FL
    82
    Votes |
    115
    Posts
    Robert Dobbs
    • Residential Real Estate Agent
    • Delray Beach, FL
    Replied

    Like @Linda Hastings said, many counties wait until "development begins" before an official street address (I.e., what many investors call a "911 address") is issued. 

    Lisa, I understand that not having a physical address "may project remoteness" and on the surface, may "tarnish a perceived land value". But many times, this is NOT the case.

    Good luck to you Lisa, and keep "picking the brains" of seasoned pros on this great Site and maybe try "linking-up" with other real estate investors in your area (via by Meetups or by joining local real estate investor club (REIA meetings). ----> Sincerely Bob

    User Stats

    587
    Posts
    269
    Votes
    Amy Aziz
    • Specialist
    • Los Angeles, CA
    269
    Votes |
    587
    Posts
    Amy Aziz
    • Specialist
    • Los Angeles, CA
    Replied

    Hi Lisa! Most of my properties do not have an address.  As long as you have the APN  for the property you can use sites to see images and get owner information and so on.