#132 - Two Bankruptcies, Delinquent Taxes, and an $85K Ask: Inside a Land Deal Gone Sideways with Jeff Fern

On today's episode of The American Land Man Podcast, we are back in the studio with Jeff Fern.We discuss:Jeff currently has eight buildable lots in progress, including three five-acre lots near Stockholm/Pepin.Neil corrects a seller who thought $30,000 beat a $10,000-an-acre comp — hers was 3 acres, or $90,000 total.A Polk County seller who bought land at $4,500 an acre stands to profit roughly $100,000 subdividing it into lots.Jeff fights for driveway access on a state highway listing, where Wisconsin DOT requires a 500-foot gap.Neil recounts a landowner asking to borrow $85,000 — then discovers two bankruptcies and delinquent taxes.Neil declines to lend the money but offers to buy the land outright, giving the seller until May 15th.Jeff describes a $25,000 code violation on a 15-by-15 deck that surfaced during a home inspection.Neil and Jeff explain why sellers must disclose known defects even when selling a property "as is."Jeff estimates statewide land listings are down as much as 25%, even as listed properties keep selling.Neil spends two hours consulting a couple weighing a city's offer to buy only part of their land.And So Much More!Connect:-https://bit.ly/NeilHaugerWhitetailProperties-https://bit.ly/NeilHaugerFacebook-https://bit.ly/NeilHaugerYouTube-https://bit.ly/NeilHaugerInstagram