All Forum Posts by: Tyler Sample

Quote from @Aaron Bihl:

I buy quite a few lots in and around the San Antonio area.  When I first started I wouldn't touch them but now we buy them fairly consistently.  The thing I like about lots/land is there is a lot less emotion involved compared to houses.  I've assigned lots, listed them on the mls, and I've sold a few on owner finance.  I actually really like selling them OF.

That isn’t too much of a hassle with doing OF I take it? 

Quote from @Joe S.:

Chances are you sent more than one letter to one person. How many letters did you send out?

 I wrote one letter. No joke

Hello Everyone, 

Can anyone out there give me insight or an example of cash on cash ROI on a RV or Camper rental lot they own? Are the percentages vastly different than a rental home or multifamily home? Thanks

Investment Info:

Other buy & hold investment.

Purchase price: $1,000
Cash invested: $1,000
Sale price: $4,500

Wrote letter to off market property land owners. Settled on cash price, without title insurance or running title, yes I took a chance. Had cloud on title as suspected, helped run title myself, sold within a month of offer. Buyer from Miami, FL. 466% profit technically. Was a great learning experience.

What made you interested in investing in this type of deal?

I still have not seen the property, ever. Everything was done via text or email. No tenants to hassle with and no structures to worry about. This interested me because of my lack of investing experience at the time as well as low on cash at the time to buy much.

How did you find this deal and how did you negotiate it?

Wrote letter to random individual

How did you finance this deal?

Cash

How did you add value to the deal?

Held it for about 25 months, let the land do its own thing over time.

What was the outcome?

466% profit.

Lessons learned? Challenges?

Always run title to check for any clouds, try not to gamble on super small tracts of land like this unless confident in own title searching capabilities.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

No

How hard is it to flip vacant commercial land and what objections did you have to overcome? How long did the deal take for you?

thank you

I would like to hear opinions from current landlords of rental home properties that choose to invest in this type of thing versus just flipping vacant land? 

Anyone care to share their success stories of vacant land tracts they’ve flipped by themselves with no prior experience?

Hey everyone, does anyone have experience with creating and researching the ins and outs of benefits to do with a private foundation that would hold real estate? Is that a thing, if I’m understanding this correctly? 

Thank you. 

Quote from @Chris Davidson:

@Tyler Sample This sounds like a big emotional problem for the family. If it is going south and money is drying up come up with a plan on what you would do with the 200-300 acres and how it would generate money for the family. And how you could cut cost or payout to the family to have it transferred to you now. Family dynamics will be the largest factor as sometimes people only like ideas when it is their own. You have to make it a win for them and hopefully not have to also make them "come up with the idea" as well.

Best of luck!

So new update after just now reading your comment here - I did just that. Identified family’s objections and issues and tried to overcome every one of them using myself to sacrifice time, etc for a solution…to be shut down. I’m pretty sure it’s partially lack of respect since I am not a “man” because I am still single at 28, plus there are about 16 different owners on few of the properties. Two to be exact, of which the last 12-24 months they have been just “waiting for someone” to deal with title clouds. I also looked into title issues this week. Their current title company does not want to physically leave their office and go two blocks down to ruffle through any papers to help us get clouds taken care of. Too much work they said it’s not their job. I really do not get some people. I even discussed and showed how I’ve sold my own investment property very recently and ran most title myself because I’ve been told that by same title company before. I need to just take a break from the drain it currently has on me and focus on other things I enjoy doing. 

That’s an awesome answer. Thank you. 

Also, mark my words, we will be seeing nuke plant licenses becoming renewed for an additional 20+ yrs around the country! Just happened in Michigan I believe. I used to be a Metrology Engineer at STP in Texas here near Houston.