BillyLand

Discussion in 'Homesteading Questions' started by madmarchie, Jul 13, 2004.

  1. madmarchie

    madmarchie Active Member

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    Hey Y'all,

    Check out this specific link www.billyland.com/auction/mo03b.htm.

    I put a down payment on this land today. I feel I might have done something stupid though. Do you guys think it might be a scam? Maybe the photos are not of the property I think I'm buying. Maybe I'll find out I'm buying this property falsely in some way and after I put out x amout of money I finally realize I'm not going to get the deed. The "agreement" is to be here via FedEx by Fri. I don't know a damn thing about buying land I just know I want it, I need it, I have to have it NOW! NOW! NOW!

    I REALLY want some input from you guys on how to proceed with this situation I've got myself into. I'd love to own about 9 acres in the Ozarks and this property is near the home town of Laura Ingles Wilder (quaint huh?). I figured I could pasture a couple cows and horses on the adjacent properties until they were sold to someone else or I bought them. I don't think there would be any or many zoning restrictions. An aerial photo of the town looks pretty rural. I should probably check to see where the nearest military base is and if there are an plans to build a chemical factory and/or dump down the street. It's in a "development" but I thought I could like take over the property owner's assoc and hand out packets about enviromentally friendly building to people looking at the properties around me. Maybe I'd scare them off or maybe I'd convince them to contribute to a healthy neighborhood. :D

    What to do, what to do? Input from someone older and wiser than my 22 yrs?

    - Ginger
     
  2. rambler

    rambler Well-Known Member Supporter

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    I haven't looked at the web site yet, but:

    Laura Ingles Wilder grew up about 40 miles west of me in Minnesota on Plum Creek, not the Ozarks?????????

    A developers association? I'd sure want to know what their & my obligations are on such a thing before forking out any money. They control your land & what you can do with it, while you pay them a fee to do so. Most of the time.

    I paid $475 for a siderake sight unseen, and even tho the seller was a nice guy & is trying to work with me, I'm out the money & 2 months later I have a worthless hunk of metal in my yard, the manual sucked, the wheels were backwards, a few bolts were lost in shipping' and I had to spend $100 fixing up my old rake so I could get my hay in with one extra rain on it.... And again, this is with a seller who is trying hard to make good, & fix the issues & problems at his expense. He's still trying, but it's very frustrating for me.....

    I sure wouldn't blow any money on something important from people I don't trust, I haven't seen, and I haven't read the fine print on. But I think you know that - we all should.

    Good luck. Have fun with it. Maybe it's worth something.

    --->Paul
     

  3. rambler

    rambler Well-Known Member Supporter

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    Ok, so 'Billy' is selling land in Missouri, but his address seems to be in NM????

    You are buying less than 9 acres with gravel raod access. Period. That's it. You will pay almost $20,000 for this, or more than $2000 an acre. Sure sounds like a lot for land that has no present value or use.

    Will you be able to find water on this property? Drinkable water?

    How much is 'minimal' expense to bring the electricity in 2 plus miles from the tarred county road? Up here it would cost $12-20,000 per mile to run the electric. Will you foot that bill & let others tap off it, or will the association foot the bill & charge you, or ???????

    Can you run a septic system on the property? Is it garrenteed to be buildable????

    Why is one bidding on the downpayment amount, but the land price is set? Seems like an odd arrangement....

    Me thinks 'billy' is hoping to get a lot of non-refundable $99 payments after people come to their senses, and resell these lots many times over.

    --->Paul
     
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  4. madmarchie

    madmarchie Active Member

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  5. RobinAnn

    RobinAnn Well-Known Member

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    LIW and her husband moved to Mansfield, MO for Almanzo's health. They started an apple orchard there.
     
  6. I dout it's a scam because of the price (pretty high for this part of country) I live just alitte south of that property. Don't worry about any army bases or toxic waste dumps. It's just some old farmers pasture that is worth about 1000 to 1200 an acer that there are trying to subdivied and make a little more on. But if it is what you like go for it. Its location is good if you need to work in a big city. 60 hwy is 4 lane all the way into Springfield. And if you have horses they must be foxtrotters. It's the law in Douglas county. The national foxtrotters association fairgrounds are just down the road from you.
    Here's a word of advice thats not meant to be rude but it should be considerd whole heartedly. Are area here ( douglas and ozark county) is having a population boom of out-of-staters and most of us hate it. So if you do move here don't try telling other people how to live or do certain things. A property owners association won't fly here, thats a fact.
    Most nieghbors here are the best anywhere. They will help you out in a heart beat, But they also want to be left alone. And alot of use like to just keep to ourselves other than church and hootin and hollern days.
    If you have any ? just ask.
    good luck
     
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  7. rambler

    rambler Well-Known Member Supporter

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    Cool web site! I knew she was born in Wisconsin. I visited her Walnut Grove & South Dakota stomping grounds, & knew they made a brief stop in Iowa. I did not realize she settled in Mo. Thanks.

    Was pretty cool to have my home town & the surrounding area mentioned on the TV series every so often when they went visiting to the east. :) I enjoyed the TV show as well, tho haven't read the books.

    --->Paul
     
  8. shakeytails in KY

    shakeytails in KY Well-Known Member

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    Ditto what Rambler said! And I'm too lazy to figure it out, but I'm guessing that the interest rate is a little steep, too.

    You're probably best off saying goodbye to $99, a fairly cheap lesson in life. Don't feel bad, though, probably 99% of us here have blown more money on dumber things. I know I have!

    You're only 22? Save your pennies and you'll soon have enough for a down payment on property more suitable. It's also much safer to have your mortgage with a real bank than one of these shady land companies.
     
  9. madmarchie

    madmarchie Active Member

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    Will they go find another sucker or should I e-mail or snail mail they saying I'm pay 2/3 that price over x amout of time for x amount interest? Negotiate. See what happens.....

    - Ginger
     
  10. JessicaCat

    JessicaCat Well-Known Member

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    Billyland sells alot of property on Ebay.

    My husband and I bought our South Dakota 80 acres from MC Land who are also on Ebay. We got the agreement by FedEx. So far everything is ok. No we didnt look at the property first, just the pics. We are paying $29,995 for our piece of property and the reason why its so cheap is because it is raw land and its all prarie which is what we wanted. I think Billyland is kinda high in their prices but then again I dont know where most of the properties are.

    My husband and I have come to terms that if, God forbid, we do get screwed, it will get chalked up to a life lesson, but we really dont think so. Everything we have researched and checked has turned up to be ok.

    Good Luck!!!!

    JessicaCat
     
  11. SteveD(TX)

    SteveD(TX) Well-Known Member

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    Land looks pretty. Too bad there are no pictures of the actual piece that you bought. Are you sure there is a decent building site on the lot? Do you know that the land will perc? How deep to good water? Restrictions?

    It's been my experience that land like this is sold in this manner, because usually it is the only way it can be sold. Extremely high rate of interest, owner financing with no qualifying, etc. I'm not saying that you definitely were scammed. Hey, land is land, right? But there's a good chance that you won't be able to sell it for anywhere near what you paid for it, should you want or need to some day. Good luck, and my advice to anyone is look before you leap.
     
  12. AngieM2

    AngieM2 Big Front Porch advocate Supporter

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    This land looks and sounds like some land originally purchased from www.ozarkland.com (neil shelton). If you can find Fiolomark, online here. He has 12 acres he bought in that part of the country.

    Also, I've looked at land there about 2 years ago and there are some houses on the land, there is water, but you would have to dig a well, and the roads in the "subdivision" is just gravel.

    The only reason I did not go for the land, is I still work here and have family that I want to stay close to, and this land is 6 hours away.

    I did see the house in Mansfield where Laura Ingells Wilder wrote the Little House books, it's very nice.

    Check out the ozarkland site, I think you'd be better off.

    Also if you mention this down in Country Families, you will fine Mark and one or two others that have bought from Ozarkland.

    AngieM2
     
  13. Cyngbaeld

    Cyngbaeld In Remembrance Supporter

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    Why don't you take a run up there ? It isn't that far. You can take a tent and camp on the land while you are there. Also remember that smaller parcels of land cost more per acre. The interest rate is a bit much tho. If you like the property you may be able to get a mortgage loan from a bank or mortgage company for a more reasonable rate. You also should find out what kind of deed they are planning on and check with a title company in the area. And while you are up there maybe talk to a realtor in the area about prices of land. That will help you decide if it is something you really want to do. And find out how far the power, water, phone is and what you need for a septic if required etc. Possibly by the time you are ready to build all those things will be pulled in closer.
     
  14. Terri

    Terri Singletree & Weight Loss & Permaculture Moderator Staff Member

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    I have driven near the area. There is a lot of land for sale in the Missouri Ozarks, most of it is lovely, and it is not expensive. There are few jobs in the area.

    I suspect that this is on the level. Mind, I don't KNOW that it is on the level, but I suspect that it is. The price is a little on the high side for the area, but not outrageously so.

    My honest opinion?

    Go and see it. Speak to the water company, the electric company, and the zoning office. Find the land, and visit the local towns. Do not be quick to give advice to the locals, on anything. The people not too far away seem to be reluctant to offer advice, so you should be slow to ofer advice also.

    Like I said, the land is somewhat expensive for the area, but much of the area is beautiful. You might just fall in love with it and decide that it is worth it.
     
  15. Mommalee

    Mommalee Well-Known Member

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    I don't know the first thing about buying land but if I was in a position to, I would probably plunked down anything to live down the street from L.I.W.'s home. I visited the museum there last year and it's a very inspirational place if you've read her writings. Hope all goes well!
     
  16. Mudwoman

    Mudwoman Well-Known Member

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    Don't be so sure about there being "few or none" restrictions. Properties usually don't need a homeowner's/development association unless there are lots of restrictions. You may not be able to have any livestock, may be required to build a certain size home with certain materials. Something to find out about. "Development" is the word to watch. You are buying into a subdivision made up of acreage instead of small lots.

    12% interest right now is very high. Most of the owner financed land around us is being financed at 7%-8%. The difference in payments for 10 years and 20 years is not much. I would negotiate a shorter payout.

    You might need to find out if you can put a temporary house on this property while you build. Around here, some of the developments allow it for up to a year and some don't allow it at all.
     
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  17. featherbottom

    featherbottom Well-Known Member

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  18. Terri

    Terri Singletree & Weight Loss & Permaculture Moderator Staff Member

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  19. FolioMark

    FolioMark In Remembrance

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    Yeah Billyland looks like a poor relation to Neil at Ozarkland.com and it does look like a nice piece of land but the price does seem a bit high even for a no money down deal. Utilities wouldnt be a big deal and water shouldnt be a problem other than drilling a well. What really bothers me though is that this place is laid out like a subdivision. All those odd shaped lots in what looks to be an old pasture. Got a few trees but not enough to create any privacy. Granted 8 acres is a decent bit of ground in a forest but its nothing at all in a wide open field like this one. Granted you may never have many neighbors but you never know. Good luck with it. I dont think its a scam, but it wouldnt be my first choice. Just a little too much like a subdivision on the edge of town to suit me.
     
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  20. pcdreams

    pcdreams Well-Known Member

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    can't vouche for Billyland as I've never delt with them. But I know a lot of people like neil sheldon at ozarkland.com

    I bought the parcel I'm selling from Ed Johnson at starlake investments on ebay. But I live close enough I drove down and had a look at the property first. He's been a real help on all counts and a standup guy.

    12% seems rather high to me also. Ours is 9.75% and I though that was a bit high.

    If you do decide to look for something else let me know. As I say I'm selling my parcel (moving next year out of state). I've got it listed here on the board and you would be paying directly to Ed. PM