Greg Morris there is one lender I know of that works in Michigan and Wisconsin that openly advertises that they do land loans, but knowing how banks work, I'm 100% sure that's not a blanket statement. It doesn't mean they will do ANY loan on ANY piece of land, there are still a lot of qualifiers and boxes that need to be checked. All banks will use the 5 C's of Credit (among other things) to make sure the overall credit is strong enough to mitigate their risk in the deal.
In many cases, a lender won't necessarily turn down a deal if ONE of these metrics is weak (for example, if the collateral value is hard to verify, which is common with vacant land), but if this is the case, they better be able to identify a lot of other financial strength in order to approve a loan (e.g. - the borrower should be very strong financially, or they should have additional collateral to support to credit, so they won't have to rely on the collateral value or the land if everything falls apart).
Don Yost I've heard Austin is one of the most popular destinations for people from the high-tech industry. UHUAL publishes a state-wide migration report annually but not city-wise, I guess we can figure out from that... Here is the link for 2020 Migration Trends: U-Haul Ranks 50 States by Migration Growth
Angela Stokes To piggyback on Seth's comment, the process you use is probably about as important as the site you hire from. Over a period of about two weeks, I sent out multiple emails requiring attention to detail in their response, asked them to fill out a google form survey, did a (paid) research tasking to evaluate their results, and finally an interview with my first choice to make sure it would be a good fit.
Seth Williams Thanks for the warm welcome-- Actually one of my other property managers lost his license for some sort of accounting shenanigans. So I am qualified to answer all my-property-manager-has-gone-off-the-reservation questions... Yet another bonus of land investing..
- I think the standard "best practice" is to start an LLC, but it's not a requirement. If you already have an LLC, you could start with that or form a new one. Honestly though, if you feel bogged down by this one step, don't let it keep you from moving forward and taking action. There's no rule saying you can't get started with your personal name and come back and form an LLC once you've proven the concept to yourself.
- That depends a lot on what format the list comes in (and there are a lot of different formats these can come in). You're right, some of them are VERY dense and hard to get through... but if you can do it, you'll be one of the few who actually went so far as to get access to those motivated sellers.
- I would expect a handful of angry responses (and if you send them to a voicemail greeting of a virtual receptionist, you'll never have to talk to them anyway), a handful of people who call and hang up, and a handful of people who happily accept your offers. In terms of the quantity of each, it depends a lot on how much mail you send out in total, how well you've scrubbed your list, and how good your offers are.
I'm glad to see you've found some value in REtipster, that's really encouraging to hear!
Sean Webster you could use the title company to help you with this... if anyone would be qualified to handle this job and know what they're doing, it's them (or at the very least, they could point you to the right person who can help).
Cameron Bennett I've used GoDaddy before. It was fine. Given the issues you're asking about, though, this sounds like more of a question about getting your domain name set up with the right hosting account, and then getting a good theme that will allow you to set up this kind of thing.
There are easy (and somewhat expensive) ways to do this, and there are more complicated (and cheaper) ways to handle this.
With the issues you're mentioning, it sounds like you might want to go for some of the easier options. You can waste A LOT of time monkeying around with websites, especially if you don't really know what you're doing (this was the mistake I made with my first couple of websites). There's a lot of value in just getting the job done quickly and correctly the first time.
Not sure if it's an option or not but if you stumble upon some of these less desirable deals for your scale I'd love to try a few to get my feet wet. I've only gone through my first couple of mailers and am still waiting for a spot to get my feet wet. If not I completely understand but I figure it can't hurt to ask.
I used to worry about my phone running out of battery as I go about my business. Getting a portable power bank for my phone lowered my anxiety level significantly. I no longer have to stop someone else on the phone and apologize that the call may drop soon. 😄