You Must Reside in Close to Your Investments
Are you afraid to start investing (or expand your operation) because you feel like you need to live in the area you’re investing in?
The idea that you need to be in the same state where you’re investing in land is outdated and quite honestly, a myth. We are prime examples of how technology has changed the game for land investors. We invest very successfully for several months of the year while traveling in our RV.
Today, you can manage the entire investment process from your living room couch, thanks to a suite of online tools. Here’s a closer look at how we and many others navigate the world of virtual land investing successfully.
Mailers: The First Step
A key strategy in land investing is sending out mailers to property owners. This isn’t about stuffing envelopes at your kitchen table – it’s about using online data services like DataTree. With just a few clicks, you can pinpoint properties that meet your acquisition criteria across the country and send out offers without printing a single letter. We can pull comps in seconds using Zillow, and lists of owner names from DataTree. Visiting the county and driving for dollars are inefficient and a thing of the past. This targeted approach saves time and money, and increases your chances of getting a positive response.
Due Diligence Without the Road Trips
(or if you’re us – due diligence while you’re ON a road trip)
Evaluating a property thoroughly used to mean a lot of traveling (quite a long time ago) or spending hours piecing together locations from plat maps, GPS coordinates, and other cobbled together tools. Now, online tools and satellite images make it easy to check out land without stepping foot on it. Google Earth can show you the lay of the land, while services like TitlePro24/7 let you dig into a property’s history and legal standing from anywhere. We buy property every week that we have never stepped foot on. In fact, we recommend you never visit land you’re looking to buy – you won’t want to sell it!
Closing Deals from Your Desk
Traditionally closing a deal meant a lot of paperwork and trips to notaries or title companies. Not anymore. Online platforms enable you to manage the entire closing process remotely. Digital signatures, electronic funds transfers, and online notary services streamline transactions, making it possible to purchase land in any state without leaving your home. If a physical notary is needed, they will travel to you wherever you are.
(Yes, that really is Jill signing closing papers in the back of her RV with a notary.)
The tools and technology available today have made the myth of needing to be physically present in your investment state just that—a myth. Jill DeWit’s experiences with Land Academy highlight how feasible and profitable remote land investing can be. By embracing these digital tools, you open up a world of opportunities in land investment without geographical constraints.
If this made you think about the potential you’re seeing in investing and you’re ready to learn more, we want to talk to you.