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Updated 3 months ago on . Most recent reply
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Lands from Repository List
Hi
I have found lien-free, profitable, and buildable parcels of land from OTC (Over-the-Counter) lists in Pennsylvania after two months of thorough research. I conducted title searches to confirm there are no liens and double-checked with the county to ensure there are no outstanding debts. Additionally, I verified that the parcels are buildable and analyzed competitive market prices, which suggest high profit margins.
However, as this is my first time pursuing such an investment, I am uncertain about how quickly these properties can be sold after purchase. To avoid any missteps, I am seeking an experienced partner to help double-check my findings and potentially invest together. Thank you!
Most Popular Reply
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Make sure you check any HOA or development restrictions. Had a client who thought he had a deal of a lifetime. He checked everything but the HOA/development restrictions. Long story short, he ended up buying a worthless piece of land.
Not saying this is always the case. But properties typically end up in the repository list for a reason. Finding a deal on that list is challenging.
Disclaimer: While I’m a licensed attorney, I’m not your attorney. What I wrote above does not create an attorney/client relationship between us. I wrote the above for informational purposes. Do not rely on it for legal advice. Always consult with your attorney before you rely on the above information.