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Tom T.

Contributor Level

Total Points
102

1 Review by Tom

  • LandCentral

7/9/13

Purchased our 18 acres via contract for deed, which is how this outfit works. Price for the land was super cheap. Catch with this piece of property, NO legal ROW and NO road/access to property, which is why it was so cheap. Once you pay the land off, they have 30 day to get the deed transfered into your name, registered at the courthouse, and into you hands. Beware though, they have the option to sell the mineral rights any time before passing the deed along to you. IMHO, that's why the land can be cheap and why they make you wait 30 days before sending you the deed. For us, the cost of survey and acquiring legal ROW around 2500 on top of the 17K for 18 acres. This land is mostly flat on top of the mountain... so for us... We hit a home run with this deal. Like previous investers have said, Buyer beware! These folks purchase forclosures, tax deeds, etcc and get the land for pennies on the dollar, make their cut, and still leave some on the bone for you... but again, know what you're getting into. If you think that something should be EASY, think again, unless you're willing to pay top dollar, but that's a whole different story.

Tom Has Earned 22 Votes

Tom T.'s review of LandCentral earned 22 Very Helpful votes

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