Is there enough land for us all to be successful Land Investors?
This is one of our most frequently asked questions, and rightfully so. In fact, we asked ourselves this when we started in the 1990s.
Bottom line? Yes, there is plenty of land out there for us all. There are roughly 148 million parcels of property in the United States that are available for potential purpose. the US for potential purchase. For exact county by state and county see County Wise.
Land Investors is built on using data to send unsolicited offers to owners of property priced lower than market value. Professional real estate acquisition managers have long known that this is the key to locating and purchasing undervalued property. I (Jack) know this because, I have been an acquisition manager for my entire adult, professional life.
There are limitless ways to use our "offers to owners" concept to acquire land. The key is pricing it correctly to ensure profitability.
We experience a 1% - 5% success yield for offers sent. For every 1,000 offers, we purchase 10 properties or so for immediate resale. Average profit is net $3,500 for this asset type.
We have difficulty managing the acquisition deal flow from about 2,000 mailed offers per month (good problem to to have). 148,000,000 x 3% = 4.4M properties. $3500 x 4.4M = $15,540,000,000 ($15B).
You are not too late to the party. But now that you are here, make it count.