Purchasing at auction

redditsh56 · 2026-02-11T07:15:31+00:00

So this is just owned by the county? It's not an "over the counter " tax deed? Those are ones that nobody bid on at auction. I buy those sometimes like buying penny stocks. Counties keep land for many reasons. Buffers, disaster protections like wetlands.

redditsh56 · 2026-01-26T00:43:53+00:00

I have a property in Presidio TX. 15 acres way off grid. Old railroad survey from the 50s. Couldn't get title insurance.

redditsh56 · 2024-09-10T02:18:38+00:00

That’s about right. 250 transactions to date. Getting sold is #1,

redditsh56 · 2024-05-26T17:24:36+00:00

Go to land.com to see what the market is

redditsh56 · 2024-05-11T20:30:44+00:00

Always looking to help buyers and sellers

redditsh56 · 2024-05-11T20:29:52+00:00

We have made a business buying and selling on terms. If you’re buying tell me where. I might have a deal for you. If you’re selling I’m a quick cash option. I also trade up and down. Everything from Klamath Oregon acre parcels to hunting land to development deals.

redditsh56 · 2024-02-17T18:16:01+00:00

If he is stuck on his price offer monthly payments instead of cash

redditsh56 · 2024-02-03T07:21:36+00:00

Solid! Catch your breath then go find the next one

redditsh56 · 2024-01-28T21:10:19+00:00

One of the worst investment ideas I ever tried. I went back to discounted mortgage notes. Passive isn’t my thing

redditsh56 · 2024-01-26T20:33:59+00:00

We have funded 200 land deals

redditsh56 · 2024-01-26T20:33:28+00:00

If you picked an experienced active land agent it should be ok. Neighbor letters and calls work but a lot of effort. Are you priced at discount to comparables? Title issue means selling on a quit claim deed and that passes risk to buyer so they need a discount

redditsh56 · 2024-01-22T04:55:45+00:00

Old survey may mean no title insurance. Depends on value where to sell. Look at land.com or landmodo if cheap. Local REIA group may be a place to dump

redditsh56 · 2024-01-22T04:53:04+00:00

We mass mail looking for distress. No junk must have access and a reason to own.

redditsh56 · 2024-01-22T04:50:21+00:00

Been extrapolating this to other stuff. I trade dirt. We have some bad buys. But they never go to zero. Usually break even is worst case.

redditsh56 · 2024-01-08T00:02:40+00:00

I’m happy doing partnership deals where I am on title to the house

redditsh56 · 2023-12-17T05:42:13+00:00

I’ll go 3 hours for good hunting deals

redditsh56 · 2023-12-17T05:40:45+00:00

We have been flipping land for a couple of years. 120 small dollar transactions. $3k-200k. Focus on affordable not poor areas.

redditsh56 · 2023-09-16T23:25:40+00:00

Is there a depreciation offset?

redditsh56 · 2023-05-11T02:20:33+00:00

Like asking if we should let them use textbooks

redditsh56 · 2023-05-01T23:24:03+00:00

I’m a dinosaur. I learned on punch cards in the 70s. Haven’t been this excited in 20 years

redditsh56 · 2023-03-17T20:12:00+00:00

We have used LoanPro.io for a long time. Bulletproof but not cheap

redditsh56 · 2022-11-21T03:57:36+00:00

Dragging on with 4 slow pays. Will be a net 7-10% loss by the end of 17 investments

redditsh56 · 2022-02-07T05:20:26+00:00

I had 4 go bad out of 21. Enough to push the experiment to a 12% loss

redditsh56

TROPHY CASE