- Hello Erika and Abi, can you tell us a bit about yourselves?
Hello! We are a two person team and a couple with a passion for unlocking the value of rural vacant land. During the day, Erika works in real estate finance and Abi works in software development.
A few years ago, we took the time to explore the United States and visited all 50 states. During our travels, we fell in love with the beauty of the US and decided to start a business helping people acquire a portion of this wonderful land for themselves. We combined our two skillsets in service of this goal and Gokce Capital was born.
- What are your focus areas and why?
Gokce Capital focuses on buying rural vacant land from those who no longer have a use for it. We buy land with cash and pay all closing costs. What we provide is a quick path to disposing of property that is of no use to its current owner.
We understand that many people find themselves paying property taxes on undeveloped land that they cannot put to good use. Our goal is to help them sell their land fast and hassle-free.
We remove the headache of the traditional real estate process by sidestepping brokers and middlemen. We help sellers make a quick profit on land that is bogging them down.
- How does your process work?
First a potential seller sends us information on their property through our Sell Your Property Form. We then analyze the property’s unique characteristics to determine whether it meets our buying criteria. If it does, we send an offer to the seller. When the seller agrees to the sale, we send a purchase agreement and run a title report. After clear title is established, we set up a closing. The seller signs the legal documents and gets paid!
- Why would you use Gokce Capital instead of using a broker?
We cut out the broker’s commission and listing fees (on average around 6% of the sales price). We also send an offer to our sellers within a few days – in comparison, it can take months for a broker to find a buyer.
Finally, we cover all title and closing costs!
- Where do you think “Gokce Capital” is making an impact?
We are providing much needed liquidity to a market that is under-capitalized. Most banks will not provide mortgages for smaller parcels of rural vacant land, which leaves only cash buyers. This can make it very difficult for owners of vacant land to find a buyer when they need to sell. By providing liquidity to the market, we give landowners a way out of unwanted land.
In addition, many sellers are just looking to be rid of their land and are not expecting a large cash offer – because of this, we are able to buy land at deeply discounted prices and then pass on this discount to our buyers.
Finally, we believe in sharing. We disclose all of the lessons we have learned on our blog (https://gokcecapital.com/category/blog/).
- What are some of the lessons you learned while building Gokce Capital?
Believe in the system – if you have a good model, stick with it. There is a huge demand for cash buyers of vacant rural land, and a big market for affordable property.
Invest in marketing – you can have a great system, but you need to get your product or services out there. Sellers aren’t going to know about you unless you go to them and buyers aren’t going to buy from you unless you get your offerings out there.
- What’s next for Gokce Capital?
We are currently focusing on building volume and increasing the number of deals we complete each month. At the moment we specialize in small lots and deals with a price of $5000 or less. We hope to scale up to larger deals in the upcoming months.
8. On top of being entrepreneurs, you both work full-time and are avid travelers. Any tips for maintaining a balanced life?
Block out time for your family and don’t look at emails when you are on vacation. Focus on what is in front of you and don’t let yourself be distracted.
Life isn’t only about work, it’s also about family, health, friends and community. Don’t forget to keep yourself healthy and maintain a strong community and family. Taking the time to focus on the other aspects of life
9. If I have unwanted rural vacant land, how can I get an offer?
Go to Gokce Capital and click on our “Get a Cash Offer” button. This will take you to a form where we ask for information on your property. Once you have filled out this form, we will get back to you within a few days.