Our business model is to buy raw, vacant land from owners who don’t use or want it and resell it at wholesale prices – down to 50% of market value. We do this by finding owners that for one or several reasons do not want their property anymore, and we offer them a fast and easy cash transaction if they choose to sell it to us for a discount. We use few or no middle men that take large commissions, and the savings are passed on to our buyers.
Also, we prefer to do quick deals and get repeat customers knocking on our door, rather than trying to squeeze every penny out of a deal.
Title insurance can be bought from a title company to guarantee a clear chain of title to the property. When you are to buy a house and get a mortgage, the bank usually requires you to have title insurance so that there can be no question about the ownership of the property. In reality it is extremely rare that title insurance will ever be needed (even more so than with many other types of insurance).
Escrow means that the buyer’s money is secured by an independent and licensed third party in order to protect both the buyer and seller in a transaction. The fee for using an escrow service varies by state, but typically it costs at least $500. For low priced properties we prefer to use an online escrow service called Safefunds, which is much cheaper.
This means that you make a down payment on the property and then pay a small monthly fee until the price is paid in full. You will receive a Land Contract (sometimes called a Contract for Deed) and can then use the property from day one. When all monthly payments are made we will sign the deed in your name and have it recorded at the county. NO credit checks needed!
When we wholesale a property we do not actually own it ourselves, but have a signed purchase agreement with the current owner and we are using our investment network to find a cash buyer. We then coordinate the transaction between buyer and seller, together with a closing agent.
Both of these deed types give the following guarantees:
- That the seller owns the title
- That the seller is legally allowed to sell the property
- That the property has not already been sold
- That the property is free of debt or other claims (aside any mentioned in the deed)
- That the seller is responsible for any problems/faults with the property
The difference is that a Special Warranty Deed only covers the period of time for which the seller owned the property, where a General Warranty Deed covers the property’s entire history. [Source]
Yes! You can reserve a property by paying a holding fee of $100 that counts towards the full payment. Read more under Step 1 in How it Works.
Unless the description mentions otherwise, utilities such as power, water and sewer are not available or have not been researched. We mostly focus on rural properties where alternative systems might be more suitable than a conventional connection to the grid.
Typically, land transactions in the US do not include mineral rights. If they are included it will be mentioned in the property description.
This greatly depends on local regulations, but we always try to list at least some possible uses. If you have specific intentions in mind, let’s say building an earthship home, our best advice is to talk with the city or county directly.
In most cases yes, but please double check with us beforehand. Sometimes we do so called “Assignment deals” where we don’t own the property ourselves but merely sell our rights to purchase it.
We are international investors from Sweden and we buy land in several states in the US. We never (or very rarely) visit the properties we buy and we do our research online, over the phone or by hiring a local. That way we can keep costs to a minimum and offer you the best available price. However, if you want to visit the property yourself, you are more than welcome to do so without the supervision of a company representative.