Commercial Land Flipping and Investing During a Recession
Hey Guys! I have been land flipping for quite some time now and really wanted to dive into the commercial side of land because I have done some deals and they are super profitable. What is everyones opinion of the land industry moving forward towards the recession?
[{"id": "ihwrz4h", "text": "Commercial hasn\u2019t eased up where I am yet. \nBut it\u2019s worth buying up everything when the kids pr", "replies": [{"id": "ii02qb3", "text": "I'm not seeing pricing adjust much, but lots of inventory sit. I've seen 3 or 4 over adjustments, then the agents readjusts again the next day to a higher price. Honestly, not sure when the bottom is.", "replies": [{"id": "ii04235", "text": "Yeah once inventory stacks up you see pricing become more competitive. I\u2019m just not seeing the inventory available that we had in commercial before the pandemic. We are at half the listings compared to 3 years ago.", "replies": [{"id": "ijw829z", "text": "&gt;Yeah once inventory stacks up you see pricing become more competitive. I\u2019m just not seeing the inventory available that we had in commercial before the pandemic. We are at half the listings compared to 3 years ago.\n\nThats crazy. On the residential side im starting to see inventory rise. Down in the tampa area we have 10 weeks of inventory compared to 5 weeks a year ago at this time.", "replies": [{"id": "ijwbo55", "text": "Commercial inventory in the villages is pretty low compared to 5-10 years ago. But the villages is still building a good bit of space.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ihxgoe1", "text": "Where do u do land flips", "replies": [{"id": "ihzlc3d", "text": "A lot in GA and AL and MS. But I have done it all over the place.", "replies": [{"id": "ihznb8p", "text": "Nice well if you come across any in cali in big cities id be interested", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ihxhjd0", "text": "Someone has to hold these bags.", "replies": [], "depth": 1}, {"id": "ihxrw7n", "text": "I\u2019d be curious to hear what land flipping looks like to you. I\u2019ve been buying land for large builders for years so I have some experience in the field. During hot markets I always hear about mom and pop operations or individuals who buy land in questionable locations without utilities at crazy prices. In my experience, the land flipping books and gurus on the residential side seem to rely on fleecing one side of the transaction.\n\nSo I\u2019d be curious to hear your strategy/approach before I can tell you if it\u2019s going to have any value during a market slowdown.", "replies": [{"id": "ihzlosa", "text": "I typically buy 35-45% of retail and sell around 90-95% in this market. But I assume that will change as it is already becoming easier to acquire with money getting more expensive. I do mainly residential properties but I you're right I did take a course through [landinvestingonline.com](https://landinvestingonline.com)", "replies": [{"id": "ihzolbh", "text": "I, too, look for investments at a 70% discount. :)\n\nEdit: 60%", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ihzvzii", "text": "The land industry", "replies": [{"id": "ijw7wrq", "text": ":) are you familiar with the industry?", "replies": [], "depth": 2}], "depth": 1}, {"id": "ii00u63", "text": "Are you entitling the land?  Recording plats? Prelim plats? Are you making any physical improvements?  Are you just flipping the land without improving it?", "replies": [{"id": "ijw7r96", "text": "I am taking title to the land and flipping it without improvements. I sometimes make improvements with the land depending on the situation but it usually does not require it. Its amazing how many people own their vacant land and have never been there and are just looking for a way out.", "replies": [{"id": "j0pmbf0", "text": "How do you find these properties? Is there a website or do you just search deeds?", "replies": [{"id": "j0pmxl6", "text": "Great question, I was tought by \"land investing online\" to use a source called Data Tree. What happens is I input filters  (location, size, land type, etc) and it spits out the records of all the land that fits my filters. Hope that makes sense!", "replies": [{"id": "j0po9n6", "text": "Thank you so much! Raw land for sale is so sparce in my area, this will be a huge help : )", "replies": [{"id": "j0pon8w", "text": "Check out their youtube and site they have a ton of free content. A good way to reach these land owners is directly. Especially with the economy getting tight ive noticed more people want to sell now than a year ago.", "replies": [{"id": "j0pt3p3", "text": "Thank you again for the information : ) Just a few more questions...\n\nBeing these LLCs I've found are from all over the U.S. and don't use local attorneys to register their deeds, is there an online property research service being used to check title, research location, find trusts, etc. - i.e. basically make sure they are purchasing property that would be profitable without personally knowing anything about the area/location of the parcel? \n\nOr is all that information available using DataTree?\n\nAlso, what is the cost/pricing for DataTree?", "replies": [{"id": "j0pubbo", "text": "&gt;Being these LLCs I've found are from all over the U.S. and don't use local attorneys to register their deeds, is there an online property research service being used to check title, research location, find trusts, etc. - i.e. basically make sure they are purchasing property that would be profitable without personally knowing anything about the area/location of the parcel?\n\nIts different in every area. Most counties have their own resources for getting all the deed info and due diligence. If you call the county clerks office they typically get the deed for you, or you can search online if the county has that. Everything recorded is filed with the county recorders so you can get all the documents you need. Surveys, plat maps, deeds etc. Data tree is around .10 cents per record pulled.", "replies": [{"id": "j0tg4q3", "text": "Thank you so much for the help and information!", "replies": [], "depth": 9}], "depth": 8}], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]