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Dana Brown from MasterLandInvesting University explains the importance of performing your due diligence on every land purchase.
The basic checklist that needs to be crossed off is:
1) Title search when selling to builder or to buy list.
2) Survey when selling to builder.
3) HOA fees and impact fees if any?
4) Utilities: water, sewer, electric?
5) Wetlands?
6) Mineral rights?
7) Type of terrain?
8) Endangered species?
9) Roads: dirt, paved or landlocked?
These are many of the particulars that need to be addressed before closing.
To become a master land investor always do your homework and always make sure to inspect what you expect!
Determining the Value of the Deal lesson:
https://www.youtube.com/watch?v=R8XlSs2cv5c&t=274s
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