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By Chuck Magee
A partnership can be a great thing to work Georgia land for sale. If you are looking for a partner, or when you begin a partnership, remember these three things: buying, prepping, and selling your land.
In my twenty years experience in buying and selling land I have been a partner in several land partnerships. They were all successful at times and eventually fell apart for one reason or another. To make money on your land for sale in Georgia, there are three parts: buying the land, getting the land ready for resale, and selling the land. In my previous partnerships, I was always the buyer. This is where you make your money. Once the land is purchased you must get the land ready for sale. One thing is not more important than the others. They must all be done very swiftly to turn a profit.
When you are looking for land for sale in Georgia you must use the most common way (Realtor) but you must also turn over every rock to find it. In the past I have purchased land rolls from the county courthouse and mailed letters to everyone in the county asking if they would like to sell their land. I would definitely search online and sometimes even check the classified ads in the newspaper. Personally I think its a waste of time to do that. Once the land is found, you must get the tract of land ready. This could include bush hogging, dozer work, and title work (dealing with heirs). Depending on the land type dozer work can get you a 50% profit on your land deal.
I have mentioned what takes place in a land deal but in order for the steps to be done in a timely manner, each partner needs to do his/her job. A partnership will break up if each doesnt do his part. Trust me, I know this from experience. I have had partners in the past who thought they knew everything! Run as fast as you can from that type of person. Find a partner who will work hard and work whenever there is work to do. This type partner will make you the most money. To make money in a land partnership, you must steadily buy land, prep land, and sell land over and over again. Interest will eat into your profit. Thats why the faster, the better. A partner who will work is worth his weight in gold.
The first thing to focus on when beginning a land for sale in Georgia partnership is the partner you choose for this adventure. Find a hard worker and has the same work ethics that you do. Both partners goal should be turning over land as fast as you can. Remember you can sheer a sheep many times but you can only butcher it once so be fair on your sales price and you will keep your clients happy which will help to make you money in the end.
About the Author: In 2000 Chuck and his wife Lindey developed a website called Mississippi-Landsource.com. The website was launched for uniting the real estate market in
Land For Sale In Arkansas
. In 2009 more sites were launched as sister sites for other states like
Land For Sale In Georgia
and
Land For Sale In Alabama
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