today I'm going to show you one way poor
people can buy land with no money let's
go
welcome to Becky's homestead
[Music]
you have the strong desire to buy land
you really want to homestead for you and
your family but you have no money you
have bad credit or no credit and you
just feel hopeless well I'm here to tell
you there is a way you can do it and I
know because I did and now I'm mortgage
free this is the perfect time of year to
get started because you're going to be
using your tax return so don't touch it
okay step one is you're going to scour
the papers I found when I was doing this
the little local papers just had the
best deals and what I did is if you live
in this county obviously you're going to
get the papers in your county but cross
the line into the other counties around
you if this is the area general area you
want to live and get all the papers from
all the counties and then go home and
just sit there with a sharpie and just
scour the papers and obviously what
you're looking for is owner finance
you're trying to look for land for sale
by owner because there's no way you can
go through a bank a bank is never going
to give you a loan because you have no
money for a down payment
you have bad credit or no credit so
forget it
they will not even consider you but
there's still hope in doing it this way
because that's what I did this is my
personal model that I live by small
small small go small you don't need as
much as you think and just in your mind
you picture this huge big thing let me
assure you that is a lot of money a lot
of work and a lot of maintenance go
small you can squeeze things in your
land and make things wonderful and save
money and you won't have to spend the
rest of your life working working
working to pay taxes and to cover all
your expenses so don't forget go small
two to three acres is plenty of land for
a homestead so what you want is two to
three acres and once you find a good
prospect
call the number call up the owner and
scam how much they want for the down
payment just be friendly and honest I
find that's the best way to be just be
direct and if he says the down payment
is too big that he's asking for just say
I can't afford that and you know
sometimes you can work out a deal and
they'll lower that down payment
especially if you're they feel like
you're nice and honest and they can work
with you and the second question you
want to ask him is how much of an
interest rate do they want on the deal
the you know the sell and you want
between eight and ten percent that's
what I personally go for you're not
going to get a fabulous interest rate
like a bank would give you because
you're just not going to do that when
your owner financing you know that's
where they're going to make a little
money as well that's what's in it for
them is making a little money off the
interest that you know they're holding
the loan for you so between eight and
twelve percent to me is fair okay so if
everything sounding good you're getting
a good feel for it and you know what he
says or she is agreeable to you get the
full legal address of the property
including the county it's in and what
you're going to do with that is you are
going to go on the county website and
you're going to go to the property
appraiser's office you want this zoning
department and you have to look and see
if that property is zoned residential
agricultural that's a combination
residential / agricultural that is what
you want or strictly um agricultural you
know usually strictly agricultural is on
a bigger piece of property and most
likely if it's two to three acres it's
going to be residential / agricultural
which is fine while you're looking up
the zoning it has to have the word
agricultural in there or you're not
going to be able to have a homestead
you're not going to be able to have the
animals you want to raise your own food
on a homestead so that is so so so
important that is number one if your
zoning so make sure you check that out
for yourself don't take anybody's word
for it because people will just tell you
what you want to hear to make the sale
or they just don't know
and they'll just say whatever but you
want to see that with your own eyes from
the county website the second thing you
want to look up while you're on that
website is see if the property is in the
Hundred Years flood zone you really
don't want a property that's in a
hundred year flood zone because this is
the reason it's going to be a damp kind
of wet piece of property and if you plan
on having animals that's never a good
thing if you want your animals to be
healthy and problem-free you need dry
land high and dry
it can't be muddy damp swampy buggy
property it's just going to be miserable
so if the zoning and the flood zone
check out it's all good to go you're
going to drive to the piece of property
always call the owner and make
arrangements because you want to be able
to get on the property walk around have
a good look around and you want to see
if the property has a well that's what I
look for that would totally be a plus if
there's a well there's water on the
property that is awesome if not you can
always add one it is going to cost more
money but if it's a really really good
deal like my property was a fabulous
deal and it had nothing on it but it was
such a good deal you know I got it but
my other piece of property that I owner
financed when I first got started when I
had nothing and two little kids and not
a penny that piece of property did have
a well on it so that was a big plus for
me a lot more properties than you think
will already have a well and septic and
Power on them it might be a lousy old
trailer on there that's just run down
and not livable anymore it might be a
property that had a trailer and they
moved it an old house that's been torn
down or burned down I mean there's just
so many different you know situations
that the property has the well on it
already so you know look for those
because those are a little extra plus
once you get there and you get out and
you get onto the property what you want
to see since it's a small piece of
property is a flat piece of property you
want every inch of that property to be
usable because you know it is a small
piece of property on purpose very
intentional
at the same time you gonna be able to
use every inch of it while you're laying
out your homestead and you will just be
so happy so that's what you're looking
for you know it doesn't have to be fly
as a pancake but you know you want it
flat generally the whole piece that is a
really good plus and remember this this
is a very very important tidbit not
every good deal is a good deal I know
people that buy property that seems like
a good deal it's a very low price and
they're just like wow it's such a good
deal but in the end it ends up being on
a very steep piece of property it's not
usable you can only use part of it um
you know it just has issues it's not big
enough in the end like it might say it's
2 acres but then you know it's like a
little tiny spot is only usable and
you're paying taxes on the whole piece
so what you want to do is make sure it's
a nice flat usable piece of property
that's high and dry so you found your
perfect piece of property the terms are
really good the down payments agreeable
you went and had a look at it and it
just you know it's zoned right it does
or doesn't have a well everything looks
great nice flat piece it's not in the
flood zone the next step is you have to
find a title company what the title
company does is it does all the research
for a fee they do charge it does all the
research to make sure the person you're
dealing with is the actual owner of that
property it also checks out and make
sure that there's no liens on that
property from the past you know somebody
owed money and there's a lien on that
they make sure it's a clean title don't
do it the old-fashioned handshake way
you might build your homestead up and
have every all the improvements and then
the person's like thanks a lot and then
you'd have to go to court and Sue and
all that it would just be the biggest
nightmare of your life so just make sure
you find a title company and you go
through a title company when you
purchase your land ok so
the last step is you have your title
insurance you sign the contract and just
seal the deal with your signature and
congratulations you are now a landowner
it is so exciting and most importantly
it's very doable and I know because I
did it twice and if you want to learn a
little more you can buy my ebook back
this guide to buying land the link is in
the description below