How to Buy Properties Through The LAND BANK (even if you're broke)

How to Buy Properties Through The LAND BANK (even if you're broke) | Ep 185

Рет қаралды 20,408

10 ай бұрын

Today's episode is with Charles Noonan, who has grown a portfolio of 34 properties and over 60 acres of land by leveraging the Land Bank. Charles draws on his vast experience to shed light on how land banks work and the unique opportunity they present, including the power to quiet title and grant outright ownership post-purchase.
In this episode, he also discusses the costs of a full rehab and reveal how to tap into resources that streamline the process. The land bank can be a great opportunity to look into if you are an investor with limited capital. Some land bank properties that need rehab can be purchased for as low as $1,000.
How to find him
IG- @charlesjnoonan
KZfaq- The Land Bank Show
Apply to Out of State Investing 4-Week Workshop- www.outofstatemoney.com/workshop
This video is about: detroit land bank,land bank,atlanta-fulton county land bank,land banks,landbank, buying property from land bank, real estate investing, the land bank show
#landbanking #landbankinginvestment #landbank

Пікірлер: 77

@blackrealestatedialogue 10 ай бұрын

Apply to Out of State Investing 4-Week Workshop- www.outofstatemoney.com/workshop

@GRINDETHIKSMIXTAPESHOW 4 ай бұрын

no My King u got New Burg New York that has a lot of empty real estate

@blackrealestatedialogue 4 ай бұрын

thanks for sharing!@@GRINDETHIKSMIXTAPESHOW

@shaqsmith6562 19 күн бұрын

Thing is landbank properties are bid on (at least in Detroit) and they are not a secret ,so you have to have money in order to win the bid ,then the county requires that you rehab the property in a certain amount of time or they take the property back and forbid you from participating in the landbank auctions again. Also the landbank properties are usually in need of full rehab so that costs you a lot of money ,thus defeating the opportunity to purchase on the cheap and rehab them

@stephaniedewitt3505 10 ай бұрын

Always dropping Gems!!! This message is powerful! Thanks for sharing your experiences!

@kingdomkidsmarchingband9521 Ай бұрын

You have to show you have $$ for renovations.....gotta tell the people everything that comes with this concept

@blackrealestatedialogue Ай бұрын

Appreciate your input

@trutinamaria123 7 ай бұрын

This is fire. I have been listening since last week and I am already 30 episodes in...but this right here! I barely have more than 2 pots to pass in and I am trying to figure out how to make this happen. Like what!!! Man thank you thank you, thank you for sticking with your channel. This has really opened my eyes. I am getting in older, yet inspired and very optimistic

@blackrealestatedialogue 7 ай бұрын

This really means a lot to me, seriously. Thanks for your kind words I appreciate it. I'm glad that that I can encourage you!

@saleenhenry5541 Ай бұрын

I applaud you brother. I am an immigrant working in construction living in new york i see that we can build the city but cant afford to live in the city. Its stumbling an information like this that has changed my life. Thanks brother keep spreading this information and help us grow. I would like to learn more about this process.

@takemeaway121 10 ай бұрын

Great episode 👏🏽👏🏽 Charles is a master on landbanks! Thankful for the information 🙏🏽

@blackrealestatedialogue 10 ай бұрын

Thank you for tuning in!

@ronaldwest7592 7 ай бұрын

I Love This ! Just subscribed. I have been learning for a while and only have one door that I am fixing up to sell. Seeing this excites me and gives me tons of ideas. thank you for the content.

@blackrealestatedialogue 7 ай бұрын

I’m so glad it helped you! Wishing you the best on the first door

@livefordance4770 5 ай бұрын

This right here hit different. I have bought and sold, got in over my head trying to keep up with the payments. I heard on clubhouse about the land bank and have been researching it and I found you!!!! Blessssssssing!!!!!!!!!

@blackrealestatedialogue 5 ай бұрын

So glad you’re here! Welcome to the fam!

@godfearintrucker 7 ай бұрын

Debt Free Doors for the next generation! That’s real generational wealth!

@blackrealestatedialogue 7 ай бұрын

Thanks for the comment!

@natashaw1050 9 ай бұрын

Thank you for this interview❤❤

@blackrealestatedialogue 9 ай бұрын

you're welcome and thanks for watching!

@Athletic_dom 10 ай бұрын

Great conversation I appreciate the education

@blackrealestatedialogue 10 ай бұрын

Thank you for tuning in!

@kjfrederick838 4 ай бұрын

Great content..Thank you!

@blackrealestatedialogue 4 ай бұрын

Thanks for watching!

@TropicTrdr 4 ай бұрын

Just stumbled upon your channel. I appreciate the candid explanation on how land banks work and the experiences of your guest. I lived in St Louis for awhile and they have a land bank there but I'm not sure how active it is. .

@blackrealestatedialogue 4 ай бұрын

Welcome aboard!

@user-bb4yl6et1v 6 ай бұрын

THIS Awesome manh

@blackrealestatedialogue 6 ай бұрын

thank you!

@goudagalindo1790 2 ай бұрын

Great advice

@blackrealestatedialogue 2 ай бұрын

Thanks!

@KingBigCle32 9 ай бұрын

Nice 👍

@MsTM-bt2tu 10 ай бұрын

Thank you!

@blackrealestatedialogue 10 ай бұрын

You're welcome!

@theman-kq2uj 7 ай бұрын

But why do they don't sell at the auction is the question

@jusfyine 15 күн бұрын

Can you do 1 on ones? I’m new to everything

@nastyelgic3602 4 ай бұрын

What website do you go too?

@brotherkossi 6 ай бұрын

Most land bank listings I came across require proof of funds to cover reno. Usually, the amount is pretty high. Needs some financial readiness to get started.

@blackrealestatedialogue 6 ай бұрын

Thanks for that insight!

@xhir2012 Ай бұрын

Yep! That's the process here in St. Louis

@SamMcKinley 10 ай бұрын

Great show. I have a few lots. I’m in NYC. I have to connect with him.

@blackrealestatedialogue 10 ай бұрын

thanks for tuning in!

@carametamorris5781 4 ай бұрын

How do i join the land bank

@exfolios 6 ай бұрын

Does the Detroit Land Bank sell to ANYONE, and I mean anyone who has means to develop? Do I have to be a Michigan resident? I live in Las Vegas. I want to buy homes, fix them, and rent them out. Maybe I shouldn't bother with DLBA and just find other homes on Zillow that they don't own? Thank you.

@quickvance6276 5 ай бұрын

Yes but you are required to have a registered business in Michigan.

@Jassupb02 2 ай бұрын

How do I find information abt land bank Farmingdale Ny area ?

@blackrealestatedialogue 2 ай бұрын

I would Trying looking up if they have one

@tabbott429 17 күн бұрын

Most of these houses are teardowns at best and would cost many tens of thousands to rehab. Hazardous material removal/ containment. Its not helping anyone but the city collect tax revenue while you go broke fixing it and then cant recoup cost because of its location. Youre lucky if it isnt vandalized before you even get 25% of work done.

@cynthiawiggins8884 7 ай бұрын

How do you connect with the guest Charles

@blackrealestatedialogue 7 ай бұрын

here is his ig instagram.com/charlesjnoonan/

@rosalindkelly9682 4 ай бұрын

I'm trying to find an acre of land to put a modular home on

@latoyam6288 17 күн бұрын

Me too

@williamellison7981 3 ай бұрын

What about the water hook up ?

@blackrealestatedialogue 3 ай бұрын

Personally I’m not sure how that works

@williamellison7981 3 ай бұрын

Detroit selling lank bank houses then there charging the buyer 10,000 to hook up water lines. It’s a big issue

@sipponthatwithnicole1411 Ай бұрын

@blackrealestatedialogue Ай бұрын

👍🏾

@jenniferoviawe 2 ай бұрын

Why is the land so low? Is it gang territory?

@hippiehomesteader2377 6 ай бұрын

Man 500k to live in the city wow , you can get a 5 bed 2.5 bath house on Chautauqua lake NY for less then that

@blackrealestatedialogue 6 ай бұрын

That’s crazy! Funny enough I went to school in western ny

@hippiehomesteader2377 6 ай бұрын

@@blackrealestatedialogue good vid, was looking for a second property for Air b&b found one close to lake Eire on land bank thats what brought me to you

@JustOutHereTrustingGod 14 күн бұрын

I just want to buy land and build my own home on it.

@RichAction 9 ай бұрын

I dont have apple podcast 😂😅😢

@blackrealestatedialogue 9 ай бұрын

Maybe Spotify? Lol

@RichAction 9 ай бұрын

@@blackrealestatedialogue lol I'm playing I think my wife has it. Great Interview

@blackrealestatedialogue 9 ай бұрын

Lol thanks for the laugh@@RichAction

@mdshakibmarketer 10 ай бұрын

Nice

@blackrealestatedialogue 10 ай бұрын

Thanks

@creebuddha 3 ай бұрын

Not 100% true for tax liens, a big benefit of tax liens that ppl don't know is tax liens are governmentz mandated, yes there is a redemption period, if they redeem you get the money you put up for the lien back + interest, if they don't redeem you get the property for the price of the delinquent taxes its a win win either way... Now with the landbank team you own it outright no redemption period which is just amazing and that's why I joined the team this month

@blackrealestatedialogue 3 ай бұрын

thanks for sharing!

@user-mg4fk2zx6r Ай бұрын

I am NOT interested in HOMES. I am only interested in LAND so I guess this does not apply to me.

@blackrealestatedialogue Ай бұрын

Land banks sell land too

@4everPhire22 27 күн бұрын

kzfaq.info9NOBgD862YI?si=5g5_l6gfyI67wKZE

@exfolios 6 ай бұрын

The Land Bank is exclusive for michigan residents only. They are not interested in outsiders Moving in. Detroit will take forever to develop. Outsiders will quickly decelop the neighborhood blight, making more homes quickly more available, helping detroit rebuild. But no. Of the losers, by the losers, and for the Losers.