Selling vacant land

[Michael Kelly]

hello everyone, can I get you opinions , success stories and guidance on selling vacant land. I'm a tax lien investor and I see a bunch of unpaid property taxes due on vacant land. Can anyone help me out with some good tips and stories on selling property of just land. Does it sell? Any suggestions.....I live in charleston,sc 

[Greg Rusianoff]

Originally posted by @Michael Kelly:

hello mr. Underwood.

The property is in a very nice subdivision in Beaufort,SC. The property has a million dollers home right next door to it. The market value of the property is around $30,000 for .25 of an acre. The property minimum bid is starting at 1700 bucks. If I bid on it, a deed can be forwarded in 30 days from the county. It sounds like a good deal to me but as my profile states, I'm very new to investing. 

 Hey Michael,

I went to both Beaufort and Dorchester sales. I would advise to stay away from the Beaufort lots that look too good to be true. Many of them are in closed golf communities like Berkeley Hall or Belfair Plantation. If you get the tax deed, you will be charged with a mandatory initiation fee of 15,000-20,000 and $700 per month mandatory golf club membership. I'm not joking. I know a guy who picked up 3 of these lots for $6,000 and now the golf community has sued him for $150,000 in fees. Read these articles:

http://www.islandpacket.com/news/local/community/b...

http://www.wsj.com/articles/SB10001424052702303703...

I like the small sales like Dorchester and Berkeley. Berkeley is coming up next week. Found this website that has a really good map of all the properties: www.underadar.net