Today I’m answering your questions about how to buy government land, and the topics I’m going to cover are:
- Know Your Expected Outcome Before Buying Land
- Tax Defaulted Property Is Sold at Local Auctions
- Federal Land and Local County Government Land
- Where to Find Federal Government Land for Sale
- Do Your Research Before Buying Property at Government Auctions
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Know Your Expected Outcome Before Buying Land
Today’s episode is all about how to buy government land. Bargain hunters are always looking for “the best deal.” Land is unique, and a buyer should be aware of what they’re buying and what their planned use for their land will be.
Knowing your expected outcome is important if you’re interested in making money. I’m not referring to the outcome of actually purchasing land; I’m referring to the outcome of what you will do with the property.
For example, does the land have a specialized use like grazing? Is it buildable? Can it be developed? Or will you need to cultivate the land? Some people just want a large parcel of land to build a home where they can have peace and quiet. My point is, what is your expected outcome?
Tax Defaulted Property Is Sold at Local Auctions
I’m Ted Thomas, and I’ve been involved in a subset of traditional real estate for over 30 years. As you probably know, traditional real estate includes houses, homes, vacant residential lots that may be buildable, small apartment buildings, and sometimes small farms and the occasional 2-4 acre lot.
The subset I’ve been involved in is called tax defaulted real estate. Simply stated, the properties are unwanted by the property owner who has defaulted on the property tax. In other words they have refused to pay it.
Tax delinquent property is a huge market. Nationwide over 3,000 local county governments will auction thousands of defaulted properties to the highest bidder.
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Federal Land and Local County Government Land
Today I’m discussing how to buy government land. I’ll begin with the tax defaulted real estate segment, because from my experience, 20-25% of the tax defaulted properties are land. This tells me there is a market to buy land at bargain prices, not only in local counties but counties across the United States.
Let’s get into government properties for sale. Most people are asking about federal government land, and there is a lot of it for sale. You just need to know where to look.
My point earlier about tax defaulted properties refers to the local market. Your county and your state are close by. As I get into the federal market, which is large, I want to review all the government sales.
Where to Find Federal Government Land for Sale
If you want to know how to buy government land successfully, having good research skills is key. Research will reveal massive auctions for homes, land, and small farms, starting with the Department of Agriculture followed by the Department of Veterans Affairs and HUD (Housing and Urban Development).
These alphabet organizations will have many, 30,000, even 50,000 single-family homes and many thousands of land parcels available.
The FDIC and Fannie Mae guarantee loans on certain properties, and like any lenders, they will have defaults. Those properties are also auctioned, in the majority of instances, to the highest bidder.
The GSA (General Services Administration) from time to time develops land and buildings. These loans sometimes are unpaid, and the properties are auctioned.
Here is the big one. The Bureau of Land Management auctions properties from their local offices. Most of these offices are located west of Mississippi.
Do Your Research Before Buying Property at Government Auctions
If you’re searching for a decent return on your investment, there aren’t many traditional ways to do that in this particular economy.
Profits are what most buyers are seeking, and the margin between the purchase price and planned exit strategy needs to be estimated and firmed up before you purchase. That’s not all. If you’re purchasing for profit and to resell, that can be a challenge.
This is when many student investors become confused and discouraged. If you’re not talking to a coach or mentor, you’re missing the boat. Why? Because you don’t know what you don’t know.
The same advice applies to government land. There is an abundance of government programs and bargain properties available. Financial success is on your horizon, however, this requires you to become a researcher.
Successful people become researchers. Most of them attend 3-Day workshops, and many show up for multiple workshops. So by all means, think about consulting a coach, a guide or a mentor.
We hope you enjoyed Ted’s lesson, “How to Buy Government Land”
Government land is auctioned on the federal levels by several departments. A few to check out are:
- Department of Agriculture
- Department of Veterans Affairs
- Department of Housing and Urban Development
- Bureau of Land Management
Also, don’t overlook sales of government land that may be occurring right in your own back yard. Local counties auction tax defaulted real estate with the bidding beginning as low as the amount of the delinquent back property taxes.
If you’d like to know more about how to buy government land at local county auctions for bargain basement prices, Ted Thomas provides full support and complete training with home study courses, Q&A webinars, live tutorials, workshops, web classes, and personal coaching with certified coaches.
Learn how to reap huge rewards from tax lien and tax deed investing! Get started today by taking advantage of Ted’s Free Master Class! Act now, it costs you nothing and will give you a big head start!
Ted Thomas is America’s Leading Authority on Tax Lien Certificates and Tax Deed Auctions, as well as a publisher and author of more than 30 books. His guidebooks on Real Estate have sold in four corners of the world. He has been teaching people just like you for over 30 years how to buy houses in good neighborhoods for pennies on the dollar. He teaches how to create wealth with minimum risk and easy-to-learn methods.