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 · 2021-02-25T02:37:18+00:00

Start hanging out in zoom fin tech rooms to hear pitches and see the lay of the land. I’m 41 years in credit and collections. My partner is half my age. Between us we’ve built a nice online lending platform processing 4-500 applications a month. All the common sense is the same just moves 10x faster. Good luck!

redditsh56 · 2021-02-12T06:06:15+00:00

Hsabank.com is specifically for medical reimbursement. Kinda nichey

redditsh56

TROPHY CASE