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#65789 - 11/02/06 02:51 PM Investing in Land
zpcsc Offline
Veteran Member

Registered: 08/29/05
Posts: 751
Loc: Florida
I just came back from North Georgia and toured a few parcels of land. I was interested in a few of them and I checked public records. They are recorded under private owners, but the company that tour us said they had purchased all the lots. How does this work? Do investors sell the lots for the owners? I have spoken to two companies and they both say they own the lots.
Thanks for the info.

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#65790 - 11/02/06 04:08 PM Re: Investing in Land
super realtor Offline
Major Contributor

Registered: 05/01/05
Posts: 8479
Loc: georgia
It depends.......on where the lots are located what county and city.

For instance in Cherokee County we have a website and advanced computer system to record deeds.So recordings show up pretty fast from the sale in the courthouse records.Other Ga counties still use archaic manual recording systems that don't show up ownership changes for months and months.

It could be that they purchased from the owners or simply put them all under an option contract for a certain price and then resale to you.

I am doing this right now on an assemblage deal.I get the parcels under contract the cheaper the better and then the developer pays me xx number of dollars.Example i get the seller to sell to me for 50k a half acre the developer pays me 100k so i profit 50k on each parcel.

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#65791 - 11/02/06 08:50 PM Re: Investing in Land
Prodigy Offline
Veteran Member

Registered: 11/15/05
Posts: 724
Loc: Riverside County, California
 Quote:
Originally posted by super realtor:
It depends.......on where the lots are located what county and city.

For instance in Cherokee County we have a website and advanced computer system to record deeds.So recordings show up pretty fast from the sale in the courthouse records.Other Ga counties still use archaic manual recording systems that don't show up ownership changes for months and months.

It could be that they purchased from the owners or simply put them all under an option contract for a certain price and then resale to you.

I am doing this right now on an assemblage deal.I get the parcels under contract the cheaper the better and then the developer pays me xx number of dollars.Example i get the seller to sell to me for 50k a half acre the developer pays me 100k so i profit 50k on each parcel.
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