All Forum Posts by: Carl Hammill

I just received notification that Legal Zoom will charge $400 to be registered agent for my LLC. Hell will freeze over before I pay that amount. I have been using Legal Zoom for several years and only thing I can tell they did was email me once year as reminder to file "Annual Report" with state.

I was thinking of either just using my personal home address or even getting mail box rental with UPS store they give you an actual business address and not a PO Box address for $28 month.

Thoughts?

Hello,

   Any ideas on best way to find states who are favorable to sellers for seller financing deals (term contract). I was originally looking at Texas but found out buyers can essentially recoup 100% of term payments under exemplary contract rules. This is exclusively for land deals (vacant land properties). 

Thank you

Hello,

   Looking to create group of about 5 people who are new to vacant land flipping. Place we can share ideas, test together to see whats working and whats not. Encourage each other. Once month conference call and maybe quick once week instant messaging. Anyone?

Thanks

Carl

Hello,

  I found a county that has downloadable link for GIS data. When I unzip the file I see main file is: data.rar. Is there specific program to open that file type or is there way to import it into google earth? I am hoping this GIS data shows parcel lines.

thank you

Carl

Hello,

  I was considering buying vacant land in Texas and selling with seller financing. However, when I read over some of Texas law I see this:

1) S.A.F.E Act - Seller is required to be licensed (Residential Mortgage Loan Origination (RMLO) license from the Texas Department of Savings and Mortgage Lending when property is not seller's homestead and/or sale is not to family member.

2) Also, I read that after 2005 Texas regulation changes - owner financing deal is recorded with county and a trustee has the deed instead of seller. 

Can those who operate in texas confirm this.

Been buried deep in learning land investing for past month and just looked up and realized its Friday night & I am still reading texas law..ha.  Thank for any info. 

@Jay Hinrichs thank you. I already have area/county I want to target. Chomping at bit to just get started. Does following sound like good approach to start testing:

1. Contact county assessor office for list of delinquent property taxes (don't pay more than $200 for list).

2. Set up basic website

3. Set up phone number

4. send out mailers using click2mail

5. buy few inexpensive lots (to get my feet under me)

6. Testing selling on: craiglist, facebook marketplace, forsalebyowner, zillow

7. close using title company.

If this has any success then:

1. Build better buyer/seller website

2. Set up LLC

3. Learn to construct contracts using terms

4. Start closing myself

5. start building email list, youtube channel

6. Find bigger properties with timber.

Is this path you would go if you started over again with land?

thanks

Carl

@Brent, I think its the best natural fit for me. I am analytical person by nature and from what I have heard on their podcast - land investing is numbers game. You have to mail to thousands and may only get 2%-10% response rate. 

My criteria for getting into any new business venture is following:

1) Can do it from home. I also run business with my wife we started 5 years ago. Very stable customer base but its in female genre I don't particularly enjoy. The land investing would allow me to do both from home.

2) Low entry. Unlike investing in houses, land investing wouldn't require me getting a loan or laying down significant cash. I could enter land investing at my own pace starting with less than 10k. 

3) I literally had over 50 business ideas I wanted to try next. For some reason I immediately identified with owning land...dirt. Maybe it goes back to my college days of working in landscaping during summer and being outside. 

If you think I have this all wrong I am all ears as I am just starting this journey.

Thanks

Carl

Brent, thank you. Is there specific area I should post land investing questions?

thanks

Carl

Hello,

  Brand new here. Hello! Long story short, Wife & I were planning to visit her family in Vietnam for entire month of August (cleared my work schedule) but recently learned wife is pregnant and her doctor & CDC do not recommend pregnant females travel to Vietnam due to risk of Zika Virus. We have cancelled the trip. I now have entire month to dig into something that has interested me for while....land investing. 

  So I have been listening to these podcast for past 4 months on land investing (land flipping): 1) The Retipster podcast (Seth Williams)  2) Art of Passive Income Podcast (with Mark Podolsky- Land Geek)  3) The Forever Cash Life Real Estate Investing Podcast (Jack & Michelle). 

It looks like cost for these programs are about or little above $1,000. I don't have real-estate experience, so I would need to learn thru program or on my own crash course on things like: easements, do I need LLC in each state I would buy in, learning to sell on terms (financing), how to close (can I do it myself), how good copy looks for mailings, etc.

   Judging from information above, how would you approach if you had entire month open?

Thanks in advance,

Carl