Walk through what it took to take down our best messy distressed deal to date, a 6 acre industrial property that was purchased for $200,000 and sold for $800,000.
This deal involved complex challenges including:
-Tax distress ($100,000+ in back taxes)
-A deceased owner with no direct heirs, requiring tracking down multiple distant family members
-Complex title issues including life estates
-Multiple fractional ownership interests that had to be purchased individually
-Significant risk as purchases were made without title insurance
On this episode we explain how we persevered through months of follow-up, eventually succeeded where a previous wholesaler had failed, and detail in how we navigated the complex closing process.
We also discuss lessons we learned about title insurance and our ultimate decision to sell rather than develop the property themselves.
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What is A Messy Million: A Learn Land Podcast?
Tired of competing for simple land flips? Welcome to Messy Millions, a 20-episode journey through the exact deals that built our first million dollars in distressed property profits.
Join veteran land investors Clint Turner and Jeremy Nash as they pull back the curtain on real-world case studies that transformed their business from basic land flipping to sophisticated deal-making.
You'll get an inside look at the title issues, tax problems, and property complications they faced, and the step-by-step strategies used to solve them.