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Old 06-20-2014, 08:58 AM
 
Location: Living on the Coast in Oxnard CA
16,290 posts, read 29,670,747 times
Reputation: 21809

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Ever since I was a kid I thought it would be cool to own land in all 50 states. I don't even mean homes, just what ever is available even if it is non usable. Recently I read in another thread about homes in Ohio selling for $10,000 or $15,000 and fixers may even be less. In Detroit you can buy homes for even less. My thoughts would be what are the tax consequences? Do the cities tax these low price places at higher prices? I don't want to live in these places and would be happy owning a small lot. I one time read about a small lot in New York that no one wanted because you could not build on it. Someone finally bought it and put a billboard on it to advertise their business. In places like Arizona you can find small lots for very little money.

1. Anyone else ever thought about doing this?

2. Any problems with pulling something off like this?

3. Is it possible for a regular guy to do this over time?
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Old 06-20-2014, 09:03 AM
 
Location: SoCal
14,531 posts, read 17,785,142 times
Reputation: 10494
AFAIK you can buy undeveloped land in any state. Why wouldn't you be able to buy same in all of them? You'd have 50 property tax bills to pay...

Why don't you just collect wooden ducks, frogs, turtles, or ceramic horses?
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Old 06-20-2014, 09:10 AM
 
7,944 posts, read 10,300,848 times
Reputation: 14741
Quote:
Originally Posted by SOON2BNSURPRISE View Post
1. Anyone else ever thought about doing this?
Only if they're crazy.

Quote:
Originally Posted by SOON2BNSURPRISE View Post
2. Any problems with pulling something off like this?
Not only would you have 50 tax bills, you would have personal liabilities in all 50 states.

Quote:
Originally Posted by SOON2BNSURPRISE View Post
3. Is it possible for a regular guy to do this over time?
I say go for it! I can even find you a nice lot in Detroit to start with, if you'd like.
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Old 06-20-2014, 09:11 AM
 
4,567 posts, read 9,656,479 times
Reputation: 6666
You may be in need of some professional help/medication.
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Old 06-20-2014, 09:58 AM
 
5,048 posts, read 8,470,008 times
Reputation: 4167
First thing that comes to mind is the insurance and what can happen in some of these properties.
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Old 06-20-2014, 10:11 AM
 
3,820 posts, read 3,961,684 times
Reputation: 11187
Maybe you should just collect a jar of dirt from each State and that way you could say that you owned property from every one ? A lot cheaper for sure !
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Old 06-20-2014, 11:43 AM
 
Location: Mokelumne Hill, CA & El Pescadero, BCS MX.
6,958 posts, read 20,826,555 times
Reputation: 6430
I think they sell one inch square "lots" near the Jack Daniels Distillery in TN. MAybe you could find something like that elsewhere.
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Old 06-20-2014, 12:03 PM
 
7,944 posts, read 10,300,848 times
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Why limit yourself? You can buy a Deed to property on the Moon...and I'm sure someone must be selling Deeds for property on Mars as well by now! The great advantage: you'll have no taxes or other liabilities on those "Deeds"!

But if you want to stick to your original plan, I think I can help you out. I own quite a bit of property, and I have great connections in those states where I don't own land. For a price, I can get you honest-to-goodness Quit Claim Deeds to property in every single state. Name your price and we'll see if we can do business.
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Old 06-20-2014, 12:30 PM
 
540 posts, read 391,008 times
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Quote:
Originally Posted by DMenscha View Post
I think they sell one inch square "lots" near the Jack Daniels Distillery in TN. MAybe you could find something like that elsewhere.
I remember reading someplace many years ago that a company was selling square inch plots of land in all 50 states.
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Old 06-20-2014, 12:32 PM
 
540 posts, read 391,008 times
Reputation: 682
Found it

Own A Piece Of America - A Personalized and Unique Gift Idea of Land
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