Not all land is worth owning.
In fact, it’s possible to own land that has a negative impact on you, your net worth, and your sanity.
I’m joined by Maddie to expose 7 types of land that you should NEVER buy, no matter how cheap it is.
We explain in detail why land can become a liability rather than and asset and provide practical advice on navigating the complety of land investing.
By familiarizing yourself with these red flags, you can hopefully avoid these properties that can devastate your returns.
Key Takeaways:
- Intro (00:00)
- Seven types of land to avoid (02:26)
- The high percentage of unsuitable properties from pay-per-click leads (04:19)
- Challenges with landlocked properties (14:44)
- High property taxes and HOA fees (18:47)
- Land with open legal disputes or title problems (20:06)
- Commercial properties in small towns (28:07)
- Q&A segment from the Land Conquest Community (32:20)
Additional Resources:
✨ Get all of our recommended tools and services at https://resources.landconquest.com
✨ Follow Pete on Instagram here: https://www.instagram.com/partnerwithpete
✨ Follow Heather on Instagram here: https://www.instagram.com/itsalovelylife
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Turning Profit is a podcast for people who love real estate, brought to you by Pete and Heather Reese.
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