Free land for building your log home
Obviously the easiest way to get land without paying cash for it is to inherit it, or receive it as a gift. Unfortunately those options aren't available to most of our members, so of course we discuss various methods of acquiring cheap or free land in our class.
Years ago, it was possible to get free land from the government through the Bureau of Land Management (BLM). Unfortunately that isn't true anymore, even though rumors about it still circulate on the Internet. There are lots of scams floating around where crooks will try and sell you a report or other instructions on how to get free BLM land, but you shouldn't waste your money on that sort of thing. Just read for yourself what the BLM has to say about it.
There are however still a few ways to get free or cheap land that we discuss in the seminar. For example, we've had students who have picked up free land by using mining claims and other loopholes to acquire excellent quality property. Another option is to trade for free land, which is probably much easier than you think, even if you have nothing to trade.
It is often possible to pick up dirt cheap land in rural areas from farmers or other land owners who are sick of paying the taxes on a large parcel. You can use this to your advantage when searching for good land on which to build your log home (most of our students want to build log homes in rural areas anyway). The biggest trick is finding those people and convincing them to give you some of their property for no money, or very cheaply.
If you are looking for land in rural areas, we recommend that you pick up a copy of the book, Finding and Buying Your Place in the Country By Les and Carol Scher. This is pretty much the bible for rural property buyers who need help locating and qualifying property for their dream home.
If you can't find free or cheap land in your area, consider moving somewhere else. We recently had a student in one of our classes that made his living by selling things on eBay. Unfortunately, he lived in a very expensive suburb of New York City and wanted to build a log home. He couldn't find any property that he could afford in that area, so he decided to pack up and move to the Berkshires in Massachusetts. He says that he found some good, reasonably-priced property there. He told us that he still makes the same amount of money from his eBay business, but his costs of living are roughly half what they were near New York City. This enabled his spouse to quit her job and start her own home-based business as well. They now live in a mortgage-free log home in one of the most beautiful areas of the country.
Fortunately, this gentleman had a supportive wife and children, so the move was easy for him. If you have a spouse or other loved ones who want to stay in your area, most of the time it is just a matter of figuring out how far out into the country you need to go in order to find affordable land.
Monday, July 2, 2007
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment