All Forum Posts by: Kyle Conrad

I know here in FL I can get a used trailer delivered cheap ($6k delivered and setup). I'd see how cheap you can get the property as-is. Swap the trailers and sell.

10k buy

10K trailer swap

5K misc.

25 total costs.

sell for 50 K (what's the comps in the area?)

Just and idea.

good idea - thanks Gavin. Might need to look into that.

0 Votes

Originally posted by @Gavin Welch:

I know here in FL I can get a used trailer delivered cheap ($6k delivered and setup). I'd see how cheap you can get the property as-is. Swap the trailers and sell.

10k buy

10K trailer swap

5K misc.

25 total costs.

sell for 50 K (what's the comps in the area?)

Just and idea.

good idea - thanks Gavin. Might need to look into that.

0 Votes

Hi all -

Came across a piece of vacant land with a trailer that a tree recently fell through. Was wondering if anyone had any experiences with this. The owner obviously wants to sell it as-is, so:

Pros: Water, Sewage, Electric, decent property, great price

Cons: i have no idea how to dispose of the trailer.

Does anyone have any advice?

0 Votes

Originally posted by @Jason Pachomski:

@Kyle Conrad

I don't pay the seller anything up front when I sign an option agreement with them. If they were really hellbent on getting a deposit, and if I was looking at a nice spread that I didn't want to pass up on, I'd be willing to give them a small deposit. I definitely don't offer one outright though.

The non-exclusive version of the option agreement basically just exists so that the seller doesn't feel "tied down" with me being the only one who is allowed to buy the property from them for the next 6 months. The reality of it is this: these are people who in most cases have owned their land for a long time and have done nothing with it. It's not listed, and they probably didn't even realize they wanted to sell it until they got my letter in the mail. That, coupled with the fact that I've not once run into a competitor on a deal, makes the non-exclusive option a nice little backup plan to offer. The worst that could happen is that it gets sold out from underneath you, but even then the only thing you're out is the time you've spent thus far marketing it. Which, for me at least, is minimal.

Thanks Jason - one more question for you:

Have you ever had an end-buyer bypass you following your proposal and go straight to the seller? In this case, I'm guessing the neighboring landowners would at least know WHO owns the property I'm trying to sell to them. Would seem like it would be fairly easy to just contact the initial seller directly once they get wind I'm wholesaling it.

0 Votes

Originally posted by @Jim Viens:

Another avenue to take would be to do a purchase option with the specific condition of being able to obtain a right-of-way easement to a main road from one of the neighboring property owners. Then go to those property owners and try to negotiate terms for said easement.

My wife and I looked at just such a property last year. There was an existing house on 5 acres and there was a shared driveway with the neighboring property but it was entirely on the neighbor's property. From that there was an extension of that driveway up to the house we were looking at. We ended up passing on the house as I couldn't find any filed easement for shared use if the driveway and didn't want to bother with negotiating one with the neighbor. You certainly don't want to end up getting in a feud with the neighbors and end up stuck in your house because of the big "No Trespassing" sign between you and the road!

Interesting - I guess my attorney could just work something up for that, right? Probably not a standard NC realtors contract.

0 Votes

Originally posted by @Jason Pachomski:

Now, on a land deal, the seller is much much more likely to give you a larger window of time to line up a buyer so you can do your assignment or simultaneous closing. The option agreement I present to a seller whose property I can't or don't want to pay my own cash states very clearly and in an upfront manner that for the next 6 months (sometimes longer) I will market their property and find a buyer who will be willing to pay the price they're after. I have both exclusive (meaning they cannot sell the land to anyone else during the duration of our agreement) and I also have a non-exclusive, just in case they're not comfortable tying themselves down to me. The truth of the matter though is that most of the people I buy from have owned the land since forever and have done nothing with it, so what's another 6 months?

Thanks Jason - how much do you usually pay the landowner for exclusive rights to market their property? Also, I don't fully understand the point of doing a non-exclusive option. Wouldn't that defeat the purpose of the contract?

0 Votes

Thanks, guys -

Jason - with the option agreement, how much do you typically pay the landowner in order to market the parcel exclusively? Also, what's the point of a land option contract if you're not the only potential seller? Doesn't that defeat the purpose?

0 Votes

So as a cash investor of vacant land, I have ZERO experience wholesaling. Lately, however, I've come across quite a few pieces of property that don't have legal egress and are completely bordered by parcels owned by other private owners. These neighboring landowners are often the only real chance to resell these parcels. The catch is that BECAUSE these parcels don't have legal access to a road, etc., the landowners are often willing to let them go for next-to-nothing.

As such, would their be a way to wholesale this deal - to make sure I have a signed contract with the end-buyer before I actually close on the parcel from the current owner? How does this work?

0 Votes

Hi all -

I haven't seen anything pertaining exactly to leasing a lot to mobile home tenants as a private landowner. I'm currently in negotiations with the current landowner to purchase the parcel (he lives out of state and doesn't want to enter a land contract with the mobile home tenants, although he claims they've expressed interest in buying it) and I'd like to know if anyone has any experience leasing/renting land to MH tenants who own their home. The tenants currently live on the lot and *apparently* pay the landowner rent for the use of the land.

My first choice would be to sell the lot to the MH tenants on terms, but if not, I'll be looking into a rental/lease situation while I try to flip the parcel to another buyer. Does anyone have experience with this? Are there any pitfalls I should look out for? Is there a way to absolve myself from issues with the well/septic system? Any experience writing contracts that release me from liability due to problems the tenants claim are related to the land?

Any help would be greatly appreciated.

0 Votes

Hi all -

I haven't seen anything pertaining exactly to leasing a lot to mobile home tenants as a private landowner. I'm currently in negotiations with the current landowner to purchase the parcel (he lives out of state and doesn't want to enter a land contract with the mobile home tenants, although he claims they've expressed interest in buying it) and I'd like to know if anyone has any experience leasing/renting land to MH tenants. The tenants currently live on the lot and *apparently* pay the landowner rent.

Any help would be greatly appreciated.

1 Vote

All Forum Posts by: Kyle Conrad

Kyle Conrad has started 11 posts and replied 30 times.

Post: Trashed trailer

Post: Trashed trailer

Post: Trashed trailer

Post: Getting end-buyer under contract before buying....

Post: Getting end-buyer under contract before buying....

Post: Getting end-buyer under contract before buying....

Post: Getting end-buyer under contract before buying....

Post: Getting end-buyer under contract before buying....

Post: Lot with Occupied Mobile Home...?

Post: Leasing/Renting Private Lot to Mobile Home Owner