Targeting Specific Counties for Purchase

Copyright (c) 2011 Jack Bosch

If you have looked into a variety of counties for your land property purchase, you will have noticed that some have dozens of available properties while others may have few or none. This greatly depends on the attractiveness of the land itself. In some regions, people generally pay their property taxes and do not allow them to become delinquent because they know the area is a very attractive place to live. As a result, the land parcels that are available are snatched up very quickly by real estate investors.

One way you can still get properties in these areas is to contact the tax lien investors directly. You can receive a list from the county that includes the contact information for the people who have purchased the tax liens. Those with lands in the area in which you would like to purchase may be willing to take some quick cash for their tax lien certificate.

Although prices are constantly fluctuating, there are several factors that affect the value of land. While no land should be discounted completely for any one reason,you should ask yourself these four questions when looking for specific counties to purchase in:

What can grow here?

Arable land, or land that is very fertile and able to grow plants easily, is valued more highly than dry desert or sandy areas. If you purchase land with arable soil you can easily sell it for agricultural purposes. Again, keep your market in mind as you purchase and advertise your properties. What can be built here?

Local authorities will make restrictions about what can and cannot be developed on the land. Certain areas might be for business, while other areas will be strictly for residential or industrial purposes. In order to develop the land further, the land owner must have special permission from the authorities in the form of permits. These permits are granted based on the zoning laws that are in place.

What is already built here?

Land value is also greatly affected by the development that has taken place. If there is already a successful business owner property, you can include it in the land's value. A savvy investor will sell the business on its own, while retaining the property to sell later, thus receiving profit from two sources with one purchase!

What kind of taxes are paid here?

Different states assign varying tax rates to the land. Larger land areas will pay more tax. This is definitely a consideration when looking at specific counties to purchase in. Make sure to complete your due diligence on the amount of taxes that need to be paid before purchasing.

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