How do I know this is legitimate? Will I receive my product [the land]. - That is a question I ask myself when I am purchasing online as well. We send you a purchase agreement via RightSignature, which lays out the transaction, and other common details in the document. Can Wilco Land can show you the land? - Unfortunately, I cannot go show the property to you. We live in Sioux Falls, SD and it would be a long trek to the west coast for a visit. We buy all of our land site unseen, besides photography services who take photographs for us. We can provide an address or GPS coordinates on the property to help you locate. What happens after I pay for the land and sign the purchase agreement? - If you are buying cash, we will send … [Read more...]
Why Buy Your Land at Wilco Land?
You might be asking yourself… Is my purchase going to be safe? How will I know my property will have no liens or overdue taxes? How does the land get transferred in my name? Buying land can seem overwhelming, and even scary at times. Here at Wilco Land, we want to assure you that you are in good hands with us. We will do everything we can to be transparent and informative during the process. You can expect professional and friendly service, a clear title, and warranty deed when purchasing land through us. We will handle all the paperwork, and make the process as easy as possible for you. We believe land should be an asset everyone has an opportunity to acquire. … [Read more...]
Population Growth and What it Means to a Landowner
I like to stay up-to-date on population trends because as a landowner, those can be a big factor in how much land is worth. With a degree in Economics, I'm always thinking of how the theories I learned in school, can be applied to the industry I work in. As an investor, when I see a state surging in population, or if I project population growth in an area because of investment pouring into a region; creating jobs and boosting an economy. I view this as an opportunity to buy and HOLD land. Maybe, I have no interest in the land at all, but if I can find a reasonable price, my money has an opportunity to grow over the years due to the economic law of supply and demand. As people move into an area, the demand for land and housing increases, … [Read more...]
Why I Invest
This is Miles McLaughlin with Wilco LLC. I have been involved in investing in Land over the past year and a half, and have come to fall in love with it for a few simple reasons: 1. Land can be resold. This is plain and simple, land very often appreciates over time and can be resold for a profit. 2. Land will carry on your name. Believe it or not, but land will carry on your name. You will have a special gift to give your loved ones after your time is done. 3. Land if FUN. I enjoy outdoor recreation, so I enjoy camping trips, and 4 wheeling on some of the land I own. 4. There is a limited amount on this Earth. Sooner or later, as the population increases, land will become more scarce, with that the value of any land you own will … [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...]
5 Tips to Becoming a Land Development Pro!
Developing land can be a great investment, but preparation is key. Want to ensure your land development goes smoothly? Follow these tips: Identify a general area. You may want to keep your first project close to home, where personal connections can help you with both the red tape and your search for a trustworthy, high-quality builder. Carefully consider the project size and scale. You’ll also want to look at what you can afford as likely be paying for some or all of the development costs with a loan. The size of the loan you can get depends on factors like your income, assets and how much experience you have with developing. Talking with a local banker can help you get a better sense of the loan size you can expect to get. More … [Read more...]
