What Does It Really Cost to Start a Land Investing Business?

Land investing is a lot like any business in that, you won't be able to start one (or operate it properly) without covering some basic costs.

When some new investors get into the game, they quickly come to this realization and it hits them like a ton of bricks.

Understanding the costs of starting any business is one of those “common sense” things everyone should carefully analyze before getting started… but at the same time, if you've never actually run this kind of business before, it's hard to fully grasp what it will take to start doing deals and making money.

Here's the good news. Comparatively speaking, the cost of becoming a land investor is MUCH less than most other real estate investing businesses… but even though these expenses are far less than most opportunities, the costs still need to be dealt with. It would be shortsighted to put one penny into this venture without a clear understanding what it will take to get the engine running.

In this blog post, I'd like to give you a detailed rundown of what you should expect to pay for as you're getting into the land investing business. It's important to note that many of the things I mention here are helpful, but not essential. With this in mind, I've broken these into a few different categories…

  • Category 1: The Essential – These are the costs that (in my opinion) you simply cannot avoid at the outset. If you don't pay for these things, you don't have a business.
  • Category 2: The Helpful – These are the items that (in my opinion) can be extremely helpful in this business. However, if you're absolutely determined to get started on a shoestring budget (and you're willing to do a lot more heavy lifting than would otherwise be necessary), it is possible to survive without them. I wouldn't want to work without these things, but if you have no other options, exceptions can be made.
  • Category 3: The Eventual – These are the things that (in my opinion) are a great idea to invest in at some point, but you don't need them right away. These are great tools and resources for the long-term health of your business, but they aren't a prerequisite to making money.

The Essential

What kinds of things simply MUST be paid for in order to start your business and make money? These are the products, services and tools that I cannot see any alternative to paying for. In the same way that human beings need air and water to live, a land investor will need these things in order to start and continue operating their business.

To help add more clarity, I'll also include some of the corresponding costs I've paid for each of these things (keep in mind, you may be able to find a better deal somewhere… these numbers are just from my experience).

Education

Without the education, there is simply no knowledge of what to do or how to do it.

Luckily, if you have no idea where to start, there are some growing resources on the internet that can help you connect the dots without a massive financial investment.

If you've been following this blog for any length of time, you already know there is a TON of free information available on this website. If you're determined to scour this space and digest everything, it really is enough for you to get started. There are several people who have done 5-figure and 6-figure deals simply by following the advice written here. I don't say this to toot my own horn. I say this because I've put thousands of hours into creating this free resource, and I hope you're using it!

If you're looking for more of a tailored, step-by-step guide that cuts to the chase and gets to the heart of how to run a land investing business, it may also be in your best interests to simply pay for a course that will shorten the learning curve and help you get on the right path immediately.

I've been through all the courses on the market today, and I can verify that they all bring some important contributions to the table, and they each have their individual strengths and weaknesses.

Regardless of which way you choose to learn the basics – one things is certain, some education is better than no education. I've seen people charge into this business (usually after hearing one podcast episode or reading one blog post), without a clear vision of what they're doing, and it usually doesn't end well for them. Don't underestimate the power of knowledge. It pays to get educated and the information you put in your head can be the most valuable asset you'll ever own, because it has the potential to help you create limitless wealth.

Cost: There are different pricing models for the courses available right now, just like there are variations in the level of quality and depth of the information presented.

  • If you want to make a one-time payment, the prices range from around $997 – $1,997.
  • If you're looking for more of a subscription model, the prices range from $67/mo – $97/mo.
  • If you want group or one-on-one coaching (the most expensive option), the prices I've seen range from $5,000 – $25,000.

Keep in mind… all of these options are worthless if you don't implement what you learn. On the same coin, all of these options are worth hundreds of times more than they cost if you put the knowledge into action.

Mailbox

Unless you want to print your home address on the thousands of mailers you'll be sending out to total strangers – I would strongly recommend renting yourself a private mailbox from a storefront shipping service like the UPS StorePakmail, a P.O. Box at your local post office or even a digital mailbox service.

While it's technically possible to get started without this, I consider it to be one of those “must” items (and if you ever get an angry seller who shows up at your address with no warning, you'll understand why). This is an important element of your business infrastructure and in terms of privacy, safety and organization, it will pay for itself many times over.

Cost: I pay $144 per year to rent a mailbox at a Pakmail location near me, and it works great. I've seen other prices ranging from $100 per year – $300 per year, depending on the area and the size of mailbox (among other things).

Direct Mail

When you're starting from scratch, direct mail is a prerequisite to finding motivated sellers. Any other alternative requires WAY too much time, effort and money on your part. In today's world, when you're starting with no pre-existing pipeline, there is simply no more efficient method of finding deals than to get sellers contacting you through direct mail.

Cost: The cost of direct mail can vary widely, depending on whether you choose to send out postcards or letters, along with the types of materials you use for your mail piece, the type of postage you decide on and which direct mail service you decide to work with. At the cheapest end, I've seen prices as low as 0.41 cents per unit and at the highest end, I've seen prices of up to $1.00 per unit though most letter campaigns I've done have ranged in cost from 0.59 cents per unit to 0.80 cents per unit.

When you run the numbers on a site like Click2Mail or ITI Direct Mail – you can get a quick idea for what the cost will be with each service, based on what type of mailer options you choose and how many units you decide to send out.

When using a delinquent tax list, I usually have to send out at least 300 – 500 mailers to see any real results. When I'm using a more general list of land owners, I have to send out closer to 1,000 mailers to get a worthwhile close rate… so the type of list you're using can have a big effect on how much mail you'll have to send out. Just for some quick numbers, 500 postcards at 0.41 cents each would cost $205 and 1,000 letters at 0.80 cents each would be $800.

Lists

In order to start utilizing direct mail, an even more critical part of the equation is to obtain a list of motivated sellers – and there are different ideologies on how to do this.

Method 1: One option is to contact the county treasurer's office and request their delinquent tax list. This is the strategy I've followed for many years – and while this approach isn't without its challenges, it is an undeniably effective way to get in touch with a lot of sellers who have a strong motivation to sell now and sell cheap.

Method 2: An easy alternative to the county's delinquent tax list is to work with a data service (like RealQuest ProAgentPro247Melissa Data or ListSource). These services can provide lists tailored specifically for the types of properties you're looking to acquire in most markets around the U.S. In most cases, it's not possible to filter these property owners by their delinquent tax status, but on the same coin – this will also allow you to reach a larger number of people who may still be motivated to sell, even though they aren't necessarily “tax delinquent”.

Cost: If you decide to pursue a delinquent tax list from a county, you can find prices all over the board (assuming the county will even comply with your request in the first place). Some counties charge per parcel, and some counties charge a flat price for their list.

I've usually paid somewhere in the range of $100 – $300 for a good county list. Some will charge far more than this, but I would never pay more than $500 for any single list, simply to avoid putting too many eggs in one basket. If you're lucky, you may find some counties that will provide the list for less, and if you're really lucky, you may even find some counties who will provide it for free (I wouldn't plan on this, but it is possible).

Alternatively, if you're getting your list from a data service, there is a wide range of prices you can expect to pay (see more about the available options in this blog post).

At the cheapest end, AgentPro247 charges as little as $18/mo for their Bronze subscription if you sign up like this (which allows users to pull up to 2,000 leads per month).

ListSource charges on a per-use basis at .35 – .40 cents per lead (with no subscription required), or with a subscription, the cost per lead is closer to .10 – .15 cents per lead. Either way, the cost will be substantially more than AgentPro247… but they may also have some data and/or filtering options that AgentPro247 doesn't have available, so it's worth a look.

Melissa Data will charge anywhere from .11 – .15 cents per lead (the price goes up or down based on the filtering criteria you enter, and each list has a price floor of $50, regardless of size).

RealQuest Pro requires a 12-month subscription, with prices ranging from $150/mo to $275/mo depending on which features and counties you want access to (that's $1,800 – $3,300 for the whole year) PLUS .05 cents per lead on top of the subscription price. It's the most expensive option I know of, but depending on which part of the country you're looking for data in, it may be the most robust option available. Note: If you want to use RealQuest Pro, be sure to look investigate a Land Academy membership – as they offer this service (along with several other supplemental resources) for $250/mo.

Property Acquisition

When you've gone through all the motions listed above, it will eventually be time to buy your first property. Again, the cost of acquisition will depend entirely on the property, and how much you're willing to invest upfront.

When I was getting started, my funds were very limited, so I went after as many tiny deals as I could find (properties I could buy for less than $1,000, and then re-sell for 3x – 4x that amount).

The first property I bought was $331 and within two weeks, I sold it for $1,900… if that gives you any idea.

Of course, if you decide to go after bigger fish, you can pay infinitely more for a property (if you have the funds to do it), and as your purchase price is around 10% – 30% of the property's true market value, you should be able to justify most deals.

Cost: For the typical, cheap lot (plus all closing costs), I've bought many properties for $500 or less. However, this number can increase much higher if you decide to pursue some of the more valuable properties in your market. Note: If your goal is to specifically target these cheaper properties and ignore the bigger ones (or vice versa), you'll probably find it easier to specify this in your list if you work with a data service instead of the county's delinquent tax list.

Holding Costs

The cost of holding most vacant lots doesn't amount too much – but it can be expensive if the property is situated in a home owner's association or if it has an unusually high property tax bill.

Most of the properties I've owned have had an annual tax bill of less than $100 (unimproved land is usually quite cheap) but on occasion, the cost has been higher… so it's important to understand what your holding costs will be BEFORE you buy a vacant lot.

Cost: For the typical, cheap lot, with no unusual assessments or associations, it's rare that I see a tax bill in excess of a few hundred dollars per year (and in many cases, the cost is $100 or less). However, this can vary in different markets around the country.

Also realize that you'll only have to pay this bill if you end up holding the property for a longer period of time (12+ months). If you buy a property and sell it within a few months, it's entirely possible you won't even have to pay the property taxes.

Selling Costs

The cost of selling vacant land is usually nominal (if not free), but in some cases, there can be additional costs that come into the picture before you finally get paid.

Many of the properties I've sold have been through Craigslist, which didn't cost me a dime. However, if you use a paid selling site like LandWatch or if you enlist the help of a realtor, you'll have to pay a few more bills before you pay yourself.

Cost: If you're working with a realtor (which I almost never do), most of them will charge a flat fee of $1,000 – $2,000, or a whopping 10% of the property's sale price, which can take a HUGE bite out of your profit. Working with realtors for land isn't something I recommend in most situations, but it is an option.

If you use a title company or attorney for the closing, the costs will be higher (usually around $500 – $1,000, depending on the state and the closing agent), but also keep in mind – it is possible to structure your purchase agreement so that the BUYER pays all closing costs… so these costs don't necessarily have to come out of your pocket in every scenario.

If you don't use a realtor AND if you close the transaction yourself (which I only recommended on ultra-cheap deals), you can save a lot of money this way, but there will still be some costs to cover in the closing process (like the cost of recording the deed at the county and/or paying property transfer taxes – which should be less than $50 for most cheap lots).

Keep in mind, if you do close in-house, you can always charge your buyer a “document preparation fee” to cover your incidental costs in the transaction, so you don't necessarily have to foot the bill.

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The Helpful

These are the things I would certainly recommend paying for… but at the same time, I have to acknowledge that it is possible to survive without them (if you have absolutely no extra room in your startup budget):

Phone System

Something I would strongly recommend (preferably, before you do your first direct mail campaign) is to get a solid, reliable, cloud-based phone system – not only because it will give you a separate business number (so you don't have to give out your personal phone number to the world), but it will also allow you to create a detailed, customized greeting, set up extensions for the different functions of your business, and it will give you the ability to send and receive fax messages when needed.

I've used RingCentral for many years now, and I've been pretty happy with their service. I've also heard great things about FreedomVoice (though I don't have any first-hand experience with that platform).

Cost: The cost of most paid, cloud-based phone systems ranges from $10 per month to $30 per month – depending on what features you decide to use (e.g. – toll-free and/or vanity numbers) and how many minutes you need to use each month.

It is possible to get a FREE phone number through Google Voice – however, this option doesn't allow pre-recorded voicemail greetings longer than 1 minute, it doesn't allow any faxing capabilities, and it doesn't allow any extensions. Nevertheless, if your primary goal is to get a separate phone number without paying a dime for it, it's probably the best alternative to a paid phone service.

Website

A good website can be an extremely valuable asset for any real estate business.

This powerful online tool can build credibility and help answer questions around-the-clock for people who are doing research on you. It can act as a marketing tool that finds new motivated sellers on autopilot and gets your properties sold. It's also a great way to keep your “virtual business doors” open to the public 24/7.

Given how easy it is to set up a website today with options like Lead Propeller and Investor Carrot (or with a less expensive option like Bluehost), I can't think of many good reasons NOT to get this established as you're getting started.

At the same time, I have to acknowledge that it is possible to buy and sell properties without a website. I know of a few land investors who have been running their businesses for several years and they still don't have one. Granted… I think they're probably working a lot harder than they need to (because a good website can do a lot of heavy lifting behind the scenes), but if you are absolutely adamant about not spending money on a website, rest assured – it is possible to survive without one.

Cost: If you're looking for the cheapest possible website option, you can set up a WordPress website through Bluehost for as little as $3.95 per month (that's less than $50 per year), and purchase a high quality theme for $99 or less that will make your site look very sharp and professional. However, if you have no experience with WordPress, building your own site like this isn't the most user-friendly option, and you may also need to hire some outside help from a freelance site like Fiverr or Upwork in order to make your site look just right (which can run you an additional $100 – $200, depending on the work you need done).

Alternatively, if you're looking for a much easier (and more expensive), turn-key system designed specifically for real estate professionals, both Lead Propeller and Investor Carrot have some great options to work with at prices that range from $49 per month to $99 per month.

Document Templates

When you're making offers and closing deals on your own, you're going to need some basic forms and templates to get the job done.

While it is possible to find some janky free versions of these forms on the internet, I wouldn't recommend this. For a fairly small investment, you can get some much more reliable templates for completing your deeds, notes, land contracts, deeds of trust and much more from websites like USLegal or Rocket Lawyer.

Neither of these websites will provide quite the same level of quality as hiring an attorney (which will run you hundreds per hour), but if you want a good ratio of higher quality to lower cost, they will give you some great options to work with.

Cost: Most document templates can be purchased from USLegal for a one-time fee of $30 or less. Alternatively, with a monthly subscription to Rocket Lawyer for less than $40 per month, you can create and download an unlimited number of forms for whatever fits your needs.

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The Eventual

Some things are great long-term tools to have in place, but it's certainly possible to get by for an extended time without them. Here are a few things I would recommend paying for upfront if you have the money… but they are definitely NOT a pre-requisite to getting started.

Register Your Business Entity

Running your business under the name of a corporation or LLC is something most legal professionals would strongly recommend. However, practically speaking, this isn't something that NEEDS to happen in order to start doing deals and making money.

The primary benefit of using a business entity is that it will help shelter you from legal liability. In the unlikely event that someone tries to sue you for something your business did, they wouldn't be able to reach past your business assets and touch your personal holdings (assuming you managed your personal and business finances appropriately).

Using a corporate entity requires a bit more sophistication and understanding from the business owner in terms of handling the accounting, using a separate business bank account, keeping up with annual filing requirements and the like… so this is another thing to keep in mind.

In addition to registering your business entity, you may also want to consider filing for an assumed name if you're running two or more “arms” of your business (e.g. – one name for buying and a separate name for selling). Furthermore, if you're doing business in multiple states, you may also need to register as a foreign business entity.

Cost: The cost of registering a new business entity can vary greatly from one state to the next. Some states cost as little as $50 whereas others cost as much as $800 (and this is if you're filing the paperwork on your own, which isn't always an easy process). If you're looking for a third-party service to help get the filing completed, services like RocketLawyer and MyCorporation are also available – and these will typically add another $150 (approximately) to the cost of your registration process.

Logo & Business Identity

This is one of those areas that can be a lot of fun to think and dream about – but when it comes down to the “needs” of a startup real estate business, a fancy logo and business identity (e.g. – letter head, business cards, etc.) is NOT something you'll need before you can make lots of money.

When I got started, this was one of the first things I spent money on, but it should have been one of the last. A strong business identity can certainly add value to your operation in terms of building credibility and making your company look like a legitimate operation, but I definitely wouldn't let this get in the way of making real progress.

Cost: The cost of a good logo can range anywhere from FREE (if you're creating something more generic from the SquareSpace logo creator tool) to a cost of $299 (if you're using a site like 99Designs)… and everywhere in between. You can also find a lot of great help on websites like Fiverr or Upwork that can help on these types of projects, and many of the same resources can also be used to build out your brand identify (business cards and letter head).

Accounting Software

A lot of people forget that when you're running a business that functions apart from your personal finances, you'll also have to do some basic bookkeeping to make sure you're staying on top of your current financial situation and direction. It will also help you avoid a lot of stress come tax time.

The complexity of this accounting work is relatively simple in the beginning, and there are some free software options out there that can help, but when business picks up and you start doing a heavier volume, you'll want to have a more powerful system at your disposal.

Cost: I currently use QuickBooks in my business (probably the most widely used software among accounting firms), but if I were starting over from scratch, I would probably go with a system like FreshBooks or Xero. All of these options are available on a subscription basis for less than $30/mo.

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The Final Tally

After outlining all of the costs that come into play when getting started, here's the rundown of what you can expect to pay for.

On the low-end, if you make an effort to “cheap out” at every possible turn AND if the results all turn out in your favor, I think you could feasibly pay for all of your essentials and get your first deal done for as little as $1,205. Here's how I got that number:

Essentials (Low End)

  • Education: REtipster Blog ($0.00)
  • Mailbox: USPS P.O. Box (~$100 per year)
  • Direct Mail: 500 Postcards at .41 cents each ($205)
  • List: Delinquent Tax List or AgentPro247 (~$200)
  • Property Acquisition: Cheap Lot, plus all closing costs (~$500)
  • Holding Costs: Annual Property Taxes (~$100)
  • Selling Costs: Recording Fees and Transfer Taxes (~$100)
  • TOTAL: ~$1,205

Helpfuls (Low End)

Eventuals (Low End)

  • Register a Business Entity: Do-It-Yourself (~$50)
  • Logo & Business Identity: Do-It-Yourself ($0.00)
  • Accounting Software: Free Software ($0.00)
  • TOTAL: ~$50

To simply get started – we're looking at approximately $1,205 to cover the essentials (and this is the best case scenario). Furthermore, if you do ALL of the suggested items (and you use the cheapest options available), the total cost could easily go up to $1,605, just to get to the point of making money.

Again, keep in mind – this is assuming everything goes according to plan (i.e. – you get the right list, filter it correctly, buy a good property, advertise it effectively, find a buyer, and no other unexpected challenges come up). In the real world, this is never a guaranteed outcome in any business endeavor.

Even with this rock-bottom cost estimate, it would be very wise to have more savings to fall back on in case things don't pan out the way you planned it.

Now… let's look at how much these things could cost if you're willing to pay for some of the additional luxuries and conveniences that are available.

Essentials (High End)

  • Education: Land Investing Course (~$2,000 or less) and/or Coaching (~$5,000 or more)
  • Mailbox: UPS Store Mailbox (~$300 per year)
  • Direct Mail: $1,000 Letters at .80 cents each ($800)
  • List: RealQuest Pro ($1,800 – $3,300 per year, plus ~$50 or .05 cents per lead)
  • Property Acquisition: Larger property valued at $20,000+ (~$5,000)
  • Holding Costs: Annual Property Taxes (~$100 – $500)
  • Selling Costs: Title Company or Attorney (~$500 – $1,000)
  • TOTAL: ~$10,550 – $17,950

Helpfuls (High End)

Eventuals (High End)

As you can see – there is no shortage of options available if you're willing/able to spend more money.

If you're flush with cash and you want to pay for some powerful tools and conveniences that will take some of the monotonous and time-consuming work out of your hands, you could easily cough up $10K – $20 (and even far beyond this) just to do your first deal… and in many cases, the profits from your first deal may not be enough to cover all your startup costs. This isn't necessarily a bad thing, as long as you actually plan on doing many more deals beyond this.

My Experience

When I got started, I had about $3,000 to work with – and I used a good chunk of it (though not all) to find and close my first deal.

In my case, $1,205 wouldn't have been enough to get me across the finish line on my first profitable deal.

All in all, I probably spent about $1,800(ish) before I finally got paid… which serves as a good reminder that even though it's possible (on paper) to make it happen with less, it's a good idea to have more money saved up to cover any cost overage. I needed it, and you may very well need it too.

In the business world, things almost never come to pass without some surprises. Sometimes the surprises are small, and sometimes they're much bigger, but it's always better to have a cushion to fall back, rather than no cushion at all.

Lastly, Remember This…

Whether you decide to spend a little, or a lot on starting a land investing business – just realize that these costs pale in comparison to the vast majority of start-up opportunities in the world today.

Case in Point: When I was working in the commercial banking industry, I dealt with a number of different start-up companies that were in need of financing.

Most of these new business (the smallest ones) required anywhere from $250,000 – $500,000 of capital just to open their doors. This meant the owner would have to put down at least $50,000 – $100,000 of their own cash AND go into $200,000 – $400,000 of debt before making their first dollar of revenue.

Even when these companies (e.g. – restaurants, franchises, retailers, convenience stores, etc.) were open for business and operating at full capacity, they were still considered to be a “high risk” by most lenders, and most of them were no more profitable than a thriving land business would be (which by comparison – costs practically nothing to start).

The problem is, when most people are brand new to the entrepreneurial world, it's easy to get fixated on the WHOPPING few thousand bucks it will take to get started, and to be fair… I understand how this kind of investment can feel daunting. The average person doesn't have this kind of cash just lying around with no other good use in mind.

Just remember – if you'd rather try your hand at one of the more “conventional” business models out there, the barriers to entry will most likely be FAR higher than a land investing business.

Of course, there's nothing wrong with laying out more cash for a different type of business. I've seen many people go that route and succeed too. My point is simply that the cost of starting a land investing business (even when you take the most expensive route possible) is still WAY less costly than 99% of the business opportunities in the world today.

Given the options, I was a lot more comfortable pursuing a business that offered such huge profit potential, scalability, low competition, options for automation and the ability to work from home in my spare time, all while getting started for such a small upfront investment…

…but that's just me.

Join the discussion 36 Comments

  • Tom says:

    Great blog (again) Seth!! I think its really helpful to get an idea of not only what is needed and what can wait but the general costs involved as well. A good, practical overview.

  • Glenn says:

    I’ve been following your blog for a couple months now Seth and it rocks! It’s VERY informative, and very well written and laid out I must add.

    I look forward to your posts because I always learn something new for my own growing REI business.

    You literally have a smorgasbord buffet here of educational knowledge that flat out separates you from the others that you freely pass along.

    As usual Seth, another dynamite post served up on a platter.

    Well done!

    Glenn

    • Seth Williams says:

      That’s great to hear – thanks so much for the kind words Glenn! I appreciate having you as a reader and I hope you continue to get a lot of free help from the site. 🙂

  • Ankith Chandra says:

    Great article Seth!
    There is always a cost of doing business. There are certainly the no/low money deals but one must learn how to find those deals. Great education does come at a price.

  • Matt Snow says:

    Thanks for yet another quality article Seth! This comes at just the right time for me. I’m 7 months in, and about $5k out of pocket. Have come very close to purchasing, but no deals yet. This post fuels the fire to stay on the hunt and keep marketing!

    Thanks again,

    Matt

  • Sanusi Babatunde Kabeer says:

    I’ve been following your blog for a while now and its has been good good all the way. Thanks to Google for linking me Up with your blog. I still have a lot to learn from you Sir.

    I’m an Estate Agent from West Africa..

    Thanks so much.

    • Seth Williams says:

      Thank you Google! I’m glad you were able to find the blog Sanusi – and I’m glad you’ve been following along with the site.

      I’d love to visit West Africa some day!

  • Alan says:

    Hey Seth,
    Great article again. Very informative for the beginner or someone that has done some deals and wants to take their business to the next level. I already use some of these services but wasn’t aware of the legal doc companies! Thanks once again.

  • Karl James says:

    Another great article, Seth. It is great how you provide detailed information and very specific costs in a forthright manner. Well Done. After reading through the article, I realized I am a bit on the cheap side (grin).

    Karl

  • Manny says:

    Thanks Seth,
    This information is a valuable resource for me. It reinforces the research I’ve been doing on my own and without any guidance, it gives me the confidence that I’m on the right track to do my first deal.

    Thanks for sharing…
    Manny

  • Keith says:

    This is a great article with a lot of relevance for a beginner like myself. Thanks so much for sharing your experience and expertise!

  • Gary Wilson says:

    Did the agentpro247 bronze package bite the dust? I just saw the gold and platinum listed on their site?

    • Seth Williams says:

      Hi Gary… it looks like it did bite the dust. Darn! However – if you enter in the Partner ID code and click “Update”, you should still see access to the “Profile Package” for $18/mo. This is what I’m currently using and it still works great for me. Hope that helps!

  • Danny Sullivan says:

    Great article with some great insights and level of detail. Thanks for sharing!

  • John Becker says:

    I’ve been at this business already for a few years now but constantly back-check myself against your explicitly detailed blog posts. Most others just gloss over these subjects to lure you into their programs but you give it all. I mean, who else gives the benefit of all their research on the costs like you did in this blog post. Just wanted to say your work is much appreciated.

    • Seth Williams says:

      That’s great to hear John! I’m glad you appreciate all the work that goes into these blog posts. 🙂 Thanks for letting me know!

  • Marcus says:

    Great article as usual but more doubt in mind to actually get started as a beginner and feel as if I could succeed.

    • Seth Williams says:

      Thanks Marcus – I hear you. Even though those doubts aren’t fun to deal with, sometimes we just have to figure out how to get through them rather than convincing ourselves that the road will be simple and easy. Anything worthwhile in life always comes with some obstacles. 🙂 Hang in there!

  • Nick Raineri says:

    Investing in land can be a great option for numerous people and for many the problem comes with getting started. Great article Seth, thanks for sharing!

  • John Barrows says:

    Hi Seth,
    I’ve been a RE Broker for over 22 years. I’ve bought, sold, built many properties over the years. After hours of reading and information gathering, I find your site and blog has inspired me to move forward in the Wholesale business.
    I have watched a few people in the business floundering around without organization nor direction (shooting from the hip)! They put deals together just to have them fall apart….
    I’m intent on creating my first deal and will be sending out my first mailing within a week. I will let you know how I do..

    Thank you, John

    • Seth Williams says:

      Hi John – that’s awesome man! Thanks for letting me know! I’d love to hear more on your progress as you move along – keep me posted!

  • Joe says:

    Great stuff, just spend my Friday night drinking IPA and taking notes. Cheers to our children’s children’s futures.

  • Alex says:

    Fantastic information written in this article for investors! Educating yourself is the most important way to get started on your investment journey.

  • Alex says:

    Hey Seth. I am just getting started trying to learn as much as I can in this business. I am enjoying reading your blog and listening to your podcasts.

    I don’t hear you mention much about covering the costs of the unpaid property taxes. If you get a parcel of land for $300, you are paying the additional unpaid property taxes as well correct?

    Also, have you tried land investing in Canada? Do you know if the delinquent tax list is available here as well?

    Thanks,

    Alex

    • Hi Alex – you bet, the cost of property taxes is something that should be included in the overall equation when making an offer. I actually discuss this a little bit in this blog post, you might find it helpful: https://retipster.com/offerprice

      I haven’t done any work in Canada, mainly because I haven’t been able to figure out where/how to get the data for direct mail and property research… so if you know anything about that, let me know! That would be a great market to break into.

  • johnn roy says:

    Wonderful article , i have been reading all your articles to learn about land investing . Thanks

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