dude 20,000 letters is close to $10k a month just in postage. So you are going to spend $10k a month looking for a guy to sell their land for half what it is worth and then resell it? Also if anyone actually thought the land was worth anything it would be sold on market. And dont you think if a person had land worth anything that they would have an agent try to sell it for what it is worth? You are giving out bad advice.
This happens all the time with wholesalers. They contact owners who aren't familiar with the current market rate and get them to sign a contract they can't back out of. Then, they will sell it to a buyer (developer/ investor). They close the same day with the seller as they close with the buyer so they never had to have money for the deal. It definitely happens it's just that morality might come into question.
That is the essence of value add and business in general. Why would you pay $3 for a candy bar when you can buy one from the manufacturer for 25 cents?
@@Breezyaon1 why didn't you just buy bitcoin a year and a half ago at 15k when it's 63k now? Why do people give away $1500 leather couches on facebook when they're moving?
@@reliableprepper True, I can buy an Ice cream across my street at the Ice saloon for €8 or buy it 200m's further down the road at the supermarket for €2,50 and go sit at the same bench in the sun where all the other people are eating there more expensive ice creams haha
yeah soooo easy. while your at is why not buy 50 houses and flip them. why now buy 100 houses and rent them out. just buy the right houses at the right price. why not buy profitable small business, keep the employees and milk the shit out of them. it's easy, all you need to do is a bit of "work." your saying the same thing everyone says for other markets. Trade jobs are a good way to earn money if you have non. even if you don't own the business. if you want to start a business make sure you know your market in your industry. changing light bulbs is something you wouldn't think is a job but can make a lot of money.
Yes you can make money being your own boss with any business. Maybe the business will take off but odds are you will he skimming by. At age 56 i have started and closed many businesses. You just have to work 20 hours a day 7 days a week. And cut your losses it the business dont take off. Learn from your mistakes and yoi must know the numbers. Income and expenses. Reinvest reinvest reinvest in the business even if it means you dont take a salary.
The well drilling I do know something about. Most Colorado wells are 3-400'. The really deep wells are up in Westcliffe and those are 9-1200'. To punch over 350' of well a pretty expensive rig is needed. The owner will need a truck mounted drill rig. A good used one that can actually make you money is around 1.5M. The drill team will also need a 3500-5500 1-1.5 ton flatbed truck with a water tank. If you can get a gas powered truck like that it would be optimal since nobody takes care of diesels that aren't their own. 35000.00 You will also need a flatbed trailer to haul supplies like polymer and extra drill steel. This is where you need to be careful with weight limits so the truck/trailer do not go over 26,000 lbs. A class A CDL would be required. So you are correct on two employees and what it might cost in labor. One will be the drill rig operator/transporter and the other will most likely make a lot less depending on requirements. Most trailers that can hold decent amounts of weight will run 12,000.00 and up. I have a couple in my back property now. Drill heads are around 8-12k each. Tires. You will just eat tires. Heavy loads and dirt roads. If you get 18000 miles out of a set on the 1 ton truck you should feel thankful. This is very seasonal work obviously. The well casing is usually done by the drill rig team. Installing perforated pipe is rather easy. The pump is done by a separate truck and completely different set of skills.
Keep sending the letters. There are lots of land sellers out there. I've bought and sold over 2,000 properties like this in the last ten years. Great video Adam!
I'm so glad you feel that way. 🎉 I've made quite a bit reselling land nobody wants. Either because of taxes or they inherited the land from relatives or they are just to lazy to list it. And listing the land for market value typically takes up to a year to sell. About 1/2 of a percent of people will take the offer.......
States are broken down by counties. There’s over 3000 counties and in each of those counties there’s at least 20,000 people with vacant land. Some counties have even more. Sumner Healey is a 27 year old that’s sold over 5 million in vacant land, his YT channel is devoted to teaching people how to do this and can explain how to pull the lists in some of his videos: youtube.com/@landinvestorco?si=Wb5bpddgE3vYkGVK
dude 20,000 letters is close to $10k a month just in postage. So you are going to spend $10k a month looking for a guy to sell their land for half what it is worth and then resell it? Also if anyone actually thought the land was worth anything it would be sold on market. And dont you think if a person had land worth anything that they would have an agent try to sell it for what it is worth? You are giving out bad advice.
This happens all the time with wholesalers. They contact owners who aren't familiar with the current market rate and get them to sign a contract they can't back out of. Then, they will sell it to a buyer (developer/ investor). They close the same day with the seller as they close with the buyer so they never had to have money for the deal. It definitely happens it's just that morality might come into question.
Why would they give u 50% off if the resell is quick and in full?
That is the essence of value add and business in general. Why would you pay $3 for a candy bar when you can buy one from the manufacturer for 25 cents?
@@reliableprepperyour argument sounds too good to be true and unrealistic, sorry 😮
@@Breezyaon1 why didn't you just buy bitcoin a year and a half ago at 15k when it's 63k now? Why do people give away $1500 leather couches on facebook when they're moving?
@@reliableprepper True, I can buy an Ice cream across my street at the Ice saloon for €8 or buy it 200m's
further down the road at the supermarket for €2,50 and go sit at the same bench in the sun where
all the other people are eating there more expensive ice creams haha
yeah soooo easy. while your at is why not buy 50 houses and flip them. why now buy 100 houses and rent them out. just buy the right houses at the right price. why not buy profitable small business, keep the employees and milk the shit out of them. it's easy, all you need to do is a bit of "work." your saying the same thing everyone says for other markets. Trade jobs are a good way to earn money if you have non. even if you don't own the business. if you want to start a business make sure you know your market in your industry. changing light bulbs is something you wouldn't think is a job but can make a lot of money.
What??
Yes you can make money being your own boss with any business. Maybe the business will take off but odds are you will he skimming by. At age 56 i have started and closed many businesses. You just have to work 20 hours a day 7 days a week. And cut your losses it the business dont take off. Learn from your mistakes and yoi must know the numbers. Income and expenses. Reinvest reinvest reinvest in the business even if it means you dont take a salary.
how do you get started if you don't have capital
Ive done this exact thing and the ones that actually reply end up wanting more than market value then go hire a realtor when you low ball them
The well drilling I do know something about.
Most Colorado wells are 3-400'. The really deep wells are up in Westcliffe and those are 9-1200'. To punch over 350' of well a pretty expensive rig is needed.
The owner will need a truck mounted drill rig. A good used one that can actually make you money is around 1.5M.
The drill team will also need a 3500-5500 1-1.5 ton flatbed truck with a water tank. If you can get a gas powered truck like that it would be optimal since nobody takes care of diesels that aren't their own. 35000.00
You will also need a flatbed trailer to haul supplies like polymer and extra drill steel. This is where you need to be careful with weight limits so the truck/trailer do not go over 26,000 lbs. A class A CDL would be required. So you are correct on two employees and what it might cost in labor. One will be the drill rig operator/transporter and the other will most likely make a lot less depending on requirements. Most trailers that can hold decent amounts of weight will run 12,000.00 and up. I have a couple in my back property now.
Drill heads are around 8-12k each.
Tires. You will just eat tires. Heavy loads and dirt roads. If you get 18000 miles out of a set on the 1 ton truck you should feel thankful.
This is very seasonal work obviously.
The well casing is usually done by the drill rig team. Installing perforated pipe is rather easy.
The pump is done by a separate truck and completely different set of skills.
Wish you could. I retire in a few short months.
Love that you promote Sumner on here
He’s a G
Great breakdown and video!
100%! He really is the OG of land
3:43 what is virtual assistant
Keep sending the letters. There are lots of land sellers out there. I've bought and sold over 2,000 properties like this in the last ten years. Great video Adam!
Thanks man! It truly is an amazing business when you know what you’re doing.
Hilarious.
This first one is really stupid! If it were that easy the people who own the land would have done that long ago.
I'm so glad you feel that way. 🎉 I've made quite a bit reselling land nobody wants. Either because of taxes or they inherited the land from relatives or they are just to lazy to list it. And listing the land for market value typically takes up to a year to sell. About 1/2 of a percent of people will take the offer.......
How do we find 20K people to sent letters to every month?
States are broken down by counties. There’s over 3000 counties and in each of those counties there’s at least 20,000 people with vacant land. Some counties have even more.
Sumner Healey is a 27 year old that’s sold over 5 million in vacant land, his YT channel is devoted to teaching people how to do this and can explain how to pull the lists in some of his videos: youtube.com/@landinvestorco?si=Wb5bpddgE3vYkGVK
@@adamzwingler Thank you for the response. I did't doubt you. I was just trying to figure out how to get these listed lands.
Who has money for this?
🙋🏽♂️
Appreciate the ideas! Great work! 🎉
I just need a new stream of revenue
good information
Realestate buy - 7% sell another 7%, capital gains.
Honestly, it sounds good 👍