I'm sure you've got much better and more creative ways to take advantage of a piece of raw/vacant land than I do, but if you're interested in hearing a few ideas I have, then keep reading! This is for all those out there already a landowner and those planning to become one someday. 1. Rent or Lease - Own the asset, and use it as another income stream. There's plenty of folks looking to use something for just a weekend to escape on a vacation. Other ideas included alternative energy leases for wind turbines and solar energy, and leases for cell towers. 2. Recreation, Hunting, Camping - Get outside and enjoy a night under the stars, set up a hunting base or build that epic dirt bike course you've dreamt about. 3. Resell - If you can … [Read more...]
County “Cheat Sheet” – Resources and links to assist in your due diligence
Doing your homework aka due diligence before investing in land shouldn’t be a burden! Here’s a cheat sheet we use at Wilco Land. This should provide you a good starting point and offer some clarity to common questions. If you’re still not finding what you need before deciding on a land investment or have suggestions to share, please reach out to me at miles@wilcolandllc.com Siskiyou County, California – Siskiyou County Community Development: Click to go Community Development Homepage – Zoning Information: Click to go Directly to Zoning - Well Drilling: A few local services to explore are Enloe Drilling & Pumps, Inc. and Shasta Drilling, Inc. and here is a list provided by the County of Siskiyou with more business: Click to … [Read more...]
Your Common Property Questions Addressed
Miles here with Wilco Land. Are you looking into a land investment but have some questions about our properties or another vacant listings out there? Take a look at some of the things I address below. I know it doesn’t give you concrete answers right now but hopefully it gives you an idea of where to look and gets the juices flowing for your due diligence. I’m available to talk deal breaking questions on our listings anytime by phone or text at 605-250-1256 or through email at miles@wilcolandllc.com Are there building and septic requirements? Can I camp and RV on this land? Land use questions.. For land use, building and development, the county offices listed above and the website links listed for each county are great resources to … [Read more...]
Ever hear the terms “deed vesting” or “how to take title.”
Ever hear the terms "deed vesting" or "how to take title." When it comes to purchasing real estate, this basically means who is going to hold ownership/title for this asset, and what happens in conveyance, death, etc. There's a number of ways one can take title, and the language can vary from state to state. You may or may not be familiar with the different ways to take title, if you are then here's a quick refresher, and if not, you may find the links to these PDF docs useful to keep in your back pocket. Common Ways to Take Title (Source: "First American Title"): http://www.firstam.com/assets/homebuilder/homebuyer/vesting-ways-to-take-title.pdf Vesting Title Schedule (Source: San Diego Treasurer/Recorder … [Read more...]
Thinking about building on a piece of land? Here’s what you need to know
It’s never too early to start making plans for your dream property. For me, that dream consists of 20 acres outside city limits, with a lot of tree coverage and a small prairie lake in my front yard for fishing and boating. Someplace, I can design a Morton building to my liking. By the way, have you seen some of those hobby garages, homes, ranches people have designed? This is the COOLEST new tend in building. Take a look online here: https://mortonbuildings.com/projects/hobby-building First things first, visualize the goal. What do I envision this property looking like. Am I set on a specific location or just looking for a certain terrain/landscape and views. The latter will should make my search much easier. Do I want a stick built … [Read more...]
Make sure you don’t buy a toxic waste dump! How to perform Due Diligence on your own! Due Diligence Tip #2
Due diligence. Two of the most intimidating words in the english language. It sounds so serious and official! And when you are buying vacant land, you need to be sure that you've uncovered all the issues that could surprise you - who knows, you could be buying a toxic wast dump! BUT once you know what to look for, due diligence becomes a lot less scary. Keep reading to learn how to make sure that piece of property isn't going to be a huge liability. First and foremost, you need to have a clear picture of what you want to use the land for. This will determine what you're most focused on and how important various aspects of the land are. For example, if you are planning to build a home, you want to make sure the zoning allows that. Oh … [Read more...]
How the HECK do I find info on a Title? Due Diligence Tip #1
One of the most important things to check when purchasing a piece of property is the title. Why? Well, think of it like this: suppose someone came to you and offered to sell you a car. They point over their shoulder and start telling you all about this brand new car that they are willing to sell you CHEAP. Great! But wait...what's the catch? Well, if you don't check the title, this person could take your cash, hand you a set of keys, and vanish. You go up to the car and realize those keys don't even fit the lock. The seller never even owned the car! This happens all the time when buying land. Yikes! So how do we protect ourselves??? The first answer is to hire a title company. A reputable title company will perform the important … [Read more...]
Due Diligence Overview
Due Diligence is crucial when purchasing land, so we wanted to give our customers some tips on how to protect themselves and feel confident when buying land. In the next few posts we'll explore the main concepts of Due Diligence as it applies to raw land investing. What is Due Diligence? According to Investopedia: Due diligence (DD) is an investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to a sale. Generally, due diligence refers to the care a reasonable person should take before entering into an agreement or a transaction with another party. Basically, you are doing research to make sure that you understand the most important details of the asset that you are buying. … [Read more...]
Opportunity Knocks in the Oregon Outback
Southeast Oregon is unlike anything else. If you dream of having the wide open spaces of the plains mixed with the rugged opportunities that mountains bring, this area is exactly what you're looking for. Wild game is plentiful in this region, there's a massive antelope reserve called Hart's reserve nearby. Dirt roads crisscross the county and cattle graze where ever they please on this open range. This is also a region steeped in history, from the indigenous tribes to the stagecoach routes of the mid-1800s, you will find hidden stories wherever you look. There are at least three cabin ruins around Beatys Butte that were built over 150 years ago by the first American settlers of the region. The opportunities are real, so keep an … [Read more...]
