In 2008 long before I knew what land flipping was, I bought an assignable contract on a one half acre parcel of commercial land in Colorado for $200,000. I immediately put it on the market for $349,000 and got a full price offer in eight days. I sold it and made about 120,000 with 15 hours of work.
A Friend of Mine in Arizona bought a large piece of Land for $1,05 Millions. $150K cash and $900 in a seller finance mortgage note. The seller was in deep financial trouble with other business and had to get rid fast of that Piece of land. My Friend divided the land in 4 huge lots, put septic well and electricity etc and sold each lot for $600,000. That's a $2,4 million sale on a $150K cash (yess, he paid mortgages for the notes and put money on everything else) but the whole deal took 14 months, so his cash on cash return was well over 2000%. So yes, you can make a Killing with land. However, My friend Ollie have over 25 years of land investing experience under his belt. Thanks for the video buddy! very cool!
Hey man. I don't want to sound creepy, is it possible for me to contact or interview your friend since I want to find his broker/lawyer and learn. I live in Canada and I am a finance professional. I can share all my info. I know he is a busy man - so that is okay, but maybe I can benefit in some way as well. Hoping for the best. Thanks.
@@kevzj0 He had 25 years of experience. Get to work Edit: It's too bad you write angry comments without leaving them up. I read it clearly. As I said, get to work. There's NO reason to put others down because they have done the work. $150k after 25 years experience is not a lot of money.
You got me sold man I was listening you so deeply and pulled out my checkbook and started sending you money realized you weren't even trying to sell me anything wonderful video man and I personally am a happy owner of 61 acres and someday wi'll get into land flipping everything you said is true
Buying land is sometimes a marathon, not a sprint. Housing sells much easier. Raw land is a more specialized market. I bought land back in 2013, when prices were still very low. I could easily triple my investment now. All I had to do was find great deal, buy it, and sit on it. If you are a real estate investor, you should have more time to really scour the Earth searching for deals. They are out there. I would also recommend being prepared to sit on the land for one year to avoid those pesky capital gains taxes.
Thanks for watching! I would agree, houses usually do sell faster... but it really depends on the property (both in houses and land). If you've got a great one in a great location (which is sometimes easier said than done), it's going to sell quick.
Hey Jaren, I remember speaking to you back in your Wholesale days when you were in Indy. Glad to see you are still in RE Investing. Nice video and continued success to You!
We need to speak ASAP I have a property that I know you have a buyer for. 348 acres/ water rights/ all builds approved/concessions also approved/ 1.9k of private beach/ fully operational paved airstrip on the waterfront and parking for a mega/super yachts $7.9m and there’s so much more to talk about.
I’m 22 years old from California, found some land 2hrs away from LosAngeles I’ve been saving up so will be able to actually purchase it in cash if I decide to go for it it’s 10acres , but I’m first in my family to purchase land so I have many questions and don’t know if I am doing the right thing 😭 I wish I had more friends with land etc. Wish me luck guys 🤞
The problem I had with land is finding buyers. Going with Realtors was a dead end because Realtors are really trained to sell houses not land. As a result the listings don't draw attention. I had great success buying lots at tax sales and selling them on Ebay. It was not uncommon for me to make 5x to even 20x my investment in 7 days or less of listing. But then Ebay changed policies making it difficult. If I could figure out how to predictably sell again, I'd jump back in on a heartbeat.
It sounds like you needed a realtor who specializes in vacant land (I've had similar experiences with house realtors, they really have no idea what they're doing with land). Here are some ideas on how you can find one: retipster.com/landagents/
@@mr16325 those first two I didn't make a whole lot off of but I learned a lot. Since then I fold my other business and I have bought and sold a total of 34 properties.
None. You have to search forever and ever and hope you get lucky. And then hope the land is something someone would want. Plenty of cheap land out there that nobody wants to live on.
im gona be a land flipper i enjoy your video ill love to have a conversation with you im just gona get started is true no one cares about land and is easy to sell always
👆👆Hello I live here in California, I'm just using this means urge you seeing this to give a try and appreciate me later. I saw your comment and I decided to put this down to let you know about him, He guides me with the exact time frame to trade which I made about $5k after trading alone and I recovered my losses. His strategy is really good i'll highly recommend him to you..
Question - What happens if you sell the land with owner financing, the buyer then gets a mortgage and builds a house on it? Then doesn't make the seller financed payments to you?
A seller could include a provision in their loan instrument that requires the borrower to obtain the lender's approval before they starting altering the land in any way. The seller could also feasibly use a land contract in most states, so the borrower doesn't hold the deed until after the loan is paid off (so the property isn't technically theirs to improve until it's paid off). *Disclaimer:* I'm not an attorney and this isn't legal advice.
@@Retipster Wow thanks. So what happens if the seller finance seller DOES give the buyer approval to build a house on it, the buyer builds a house, then the buyer stops making the land payments?
@reitipster, Even with a smart land buy, the market in CA and the Pacific are likely out of my reach, but I don't mind investing 1k-5k per purchase and could buy a lot of them and can go a bit higher,,but,,I would want to pick a list of 1000 to 3000 to mail to initially. How do you decide on a market to mail to when you do that?.
@@Retipster thank you! It is perfect that you are doing that in Fla, so am I, so you would know what I am asking. In Fla, the cost of building has gone up a lot and people are getting $35k or more per acre. I could invest that,,but would rather buy 7 or more lots for $35000 or 5k ave or less like your examples. Are you finding those in Fla where you are able to offer $500, $1k, $5k, etc? Some of those lots can be free and the cost to build still would exceed new homes, so the exit is also a concern.
i just bought 5.82 acres in southern missouri ozarks, what advise would you give me on how to make money re selling it? i have it on seller finance to the sum of 18,500$.
I hate to tell you, you're the end buyer he'd have sold the property to. If you're lucky you might be able to offload them at a profit with the housing boom right now. Otherwise you're going to have to get creative.
how do you know what a good price is? i see others in areas all pending for sales, but because of multiple offers. so we never know what the land is actually going for
Get Alta surveys done and Geotechnical surveys done and you'll have a good idea of what you can sell or buy that land at and to mention the money that can be made above the surface of that land.... trust me do your research there are alot of factors about that land that make the price fluctuate above just the area and surrounding land expansion in that area.....do research on developed land and undeveloped "raw land" then figure out zoning laws and and what makes a property increase in value . The surveys will tell you what your dealing with
Not sure if I fully understand your question... can you rephrase that? Are you talking about using documentation and legal language that's bulletproof (protecting the land flipper from liability) or making offers (buying properties) that are bulletproof in terms of ensuring a good profit margin?
It all starts with understanding what the property is worth in the market where you're buying it (which definitely *isn't* an exact science). It involves a basic understanding of how to value land, which is explained in this blog post: retipster.com/valueofland
Hi Johary, there's a long answer to that question... but if you're looking for a basic (and free) road map to getting started, check out this blog post: retipster.com/land-flipping-lifecycle
have you tried virtually wholesaling pools of commercial real estate loans from multiple lender's portfolio's of properties flipping commercial portfolio's flipping commercial mortgage funds in the secondary mortgage market bulk portfolio sales in the secondary mortgage market in very lucrative locations like hong kong singapore new york wholesalers get a fee from there works and profit regardless of the investors P&L statements top that
Here's one place: retipster.com/delinquent-tax-list Here's another place: retipster.com/findingmotivatedsellers1 - there are other types of lists too, but these are two of the big sources that work well for people.
It can be if you don't price it right or have a property that isn't usable for many purposes. This is why it's important to make a very low offer on the front-end when you buy it and to be sure it's usable for something that buyers actually want in the market where you're working.
@@Retipster Thanks I’m interested in a residential vacant lot that was tore down & it’s in between 2 nice homes in a small town so idk if local developers would be interested in purchasing it
@@Retipster actually i have an entirely different question instead, would a buyer be interested in land if there was a building on the property? like should i proceed with acquiring this lot and try to sell it or should i just forget about this lot
This isn't as easy as it looks, folks. First..you have to find land that someone would actually want. Sounds obvious, right? Yet..many people buy land that is just cheap thinking they are going to make a huge profit..and then are stuck with the land for years (or forever) because it's in an area nobody wants to live in: Too close to an airport or noisy from traffic..too close to run down neighborhoods or ghettos..too far from schools, hospitals, supermarkets, or other conveniences..etc. Much safer to buy homes to flip..because people will always need a home NOW..and most people cannot wait to build on a property. There is a reason you don't see many land flippers..and it's not because people are not aware of this market. Good luck!
Because most real estate investors are focused on houses, multi-family buildings, and other types of 'improved' properties. Since vacant land is just dirt, many people overlook the opportunity under the assumption that it can't produce cash flow and can't be flipped for a profit (which is an understandable, but seriously misguided assumption). In any event, it only helps to sweeten the pot for land investors, because it's much easier to find deals with far fewer people looking for the opportunities.
I started flipping land in 2004 before there was even a book on the subject. Your comment about land investing being protected from recession is absolutely incorrect. It's always the first asset class to go down in value and the last to recover. In 2009 you couldn't give away land because there were no buyers. Why? Because the banks weren't lending to builders. All you had was a liability that you had to pay taxes and insurance on for 7 years until the market recovered. Developers were wiped out and so were mom and pop investors who were holding on to vacant land with no income stream. All these so-called land gurus on podcasts and facebook never lived through that cycle. What's the lesson? Do not buy land unless you have a construction loan lined up or you have a buyer under contract to flip it to. Otherwise, you will get wiped out when the next recession hits.
The comment about being protected from recessions depends on a lot of variables. What you're saying can be right, but it depends entirely on the property's uses, location and how much the land flipper is able to buy it for in the first place. I actually got started in 2009, just as the recession was beginning. I was able to buy and sell A LOT of land at some great profits during this time. The people who bought from me rarely built anything on them (construction wasn't their motivation for buying). A booming construction market definitely helps, but not every land buyer intends to build immediately (or ever) on their land. Sometimes they just want to own a vacant lot. I think the key is, wherever market values are, it's important to buy at a fraction of _that_ market value. If there's always a giant profit margin baked into the deal, it's not going to be that hard to find buyers... you just need the ability to lower the asking price far enough to find those buyers (and in times of recession, you might have to lower the price a lot, so the profit margin becomes even more important). If you're buying infill lots that can only be used for building a house not camping, hunting, recreation, or otherwise), then yeah, I think your comments are pretty much on-point, but there are A LOT of rural land properties that people want to own _even if they have no plans to build anything there_ (and in these cases, having a construction loan is a moot point). To your point, if people buy at today's market values and then the whole market suddenly falls off a cliff (like it did in 2008), then I would agree, it'd be pretty easy for a person to lose a lot of their would-be profit. That's why it's important to stay on top of what the _current_ market values are, not what the values were 12 months ago.
It is much simpler than most REI strategies, but it's _not_ easy. There are plenty of challenges to overcome and problems to solve, but with far fewer variables at work in each deal.
All he's talking about is finding land and using the money he pays for it and the money he sells it for....and find the middle ground. He's not including the heavy equipment needed to developing raw land and making it actually sellable .he's not even including the property's actual use and value after you do what's needed,it takes time to sell because you need to develop that raw land make it usable to build or whatever you plan on doing with it. He is right sky's the limit but I don't think he's including the surveys and other things you need to know when making that land sellable for a specific buyer.......take that money he bought it for and then expense the things you need like equipment and man power. Also knowing what you can and cannot use to also make money on that land while doing that preparation work to make it sellable.....zoning laws and surveys and knowing the real value of that land makes the difference
In 2008 long before I knew what land flipping was, I bought an assignable contract on a one half acre parcel of commercial land in Colorado for $200,000. I immediately put it on the market for $349,000 and got a full price offer in eight days. I sold it and made about 120,000 with 15 hours of work.
Seriously?! Wow! Are you still an active land flipper these days? That sounds like a great case study we could talk more about!
A Friend of Mine in Arizona bought a large piece of Land for $1,05 Millions. $150K cash and $900 in a seller finance mortgage note. The seller was in deep financial trouble with other business and had to get rid fast of that Piece of land. My Friend divided the land in 4 huge lots, put septic well and electricity etc and sold each lot for $600,000. That's a $2,4 million sale on a $150K cash (yess, he paid mortgages for the notes and put money on everything else) but the whole deal took 14 months, so his cash on cash return was well over 2000%. So yes, you can make a Killing with land. However, My friend Ollie have over 25 years of land investing experience under his belt. Thanks for the video buddy! very cool!
Well damn
wow Amazing how do you find friends?
Hey man. I don't want to sound creepy, is it possible for me to contact or interview your friend since I want to find his broker/lawyer and learn. I live in Canada and I am a finance professional. I can share all my info. I know he is a busy man - so that is okay, but maybe I can benefit in some way as well. Hoping for the best. Thanks.
@@kevzj0 He had 25 years of experience. Get to work
Edit: It's too bad you write angry comments without leaving them up. I read it clearly. As I said, get to work. There's NO reason to put others down because they have done the work. $150k after 25 years experience is not a lot of money.
@@lavidawithjoey Yes but majority of people don't have 125,000 just laying around? Almost half of Americans can't afford an emergency over $500.
You got me sold man I was listening you so deeply and pulled out my checkbook and started sending you money realized you weren't even trying to sell me anything wonderful video man and I personally am a happy owner of 61 acres and someday wi'll get into land flipping everything you said is true
🤣😭😂
Buying land is sometimes a marathon, not a sprint. Housing sells much easier. Raw land is a more specialized market. I bought land back in 2013, when prices were still very low. I could easily triple my investment now. All I had to do was find great deal, buy it, and sit on it. If you are a real estate investor, you should have more time to really scour the Earth searching for deals. They are out there. I would also recommend being prepared to sit on the land for one year to avoid those pesky capital gains taxes.
Thanks for watching! I would agree, houses usually do sell faster... but it really depends on the property (both in houses and land). If you've got a great one in a great location (which is sometimes easier said than done), it's going to sell quick.
Where would u go to find great deals
@@AM-bo7wo Learning how to source deals is a good place to get started.
I love the simplicity of the business models
This is amazing information. One real estate developer said that he focuses on the “land” and let’s everything else fall into place.
Hey Jaren, I remember speaking to you back in your Wholesale days when you were in Indy. Glad to see you are still in RE Investing. Nice video and continued success to You!
7:33 The 3 T's of land owners: Trespassers, Trash and The gov (Code enforcement, HOA, Special taxing districts)
Thank you for this
i think high rise buildings are of the most profitable within the types of real estate because the rates of return are often 10x on your money
Are you talking about apartment complexes or rental units?
We need to speak ASAP
I have a property that I know you have a buyer for. 348 acres/ water rights/ all builds approved/concessions also approved/ 1.9k of private beach/ fully operational paved airstrip on the waterfront and parking for a mega/super yachts $7.9m and there’s so much more to talk about.
Did you figure out how to sell your land? I can help
Great video Jaren! I am so used to hearing to talk fast on the show that I turned it up to 1.5x speed just to feel normal.
Jason Wollbrink hahaha that’s funny! I’m glad you liked it my friend!
It’s so keen into the future. I was told it is crazy unrealistic. He made it so easy to understand.
Much Respect thank for your content. Just subscribed! We always have land deals ready in FL for anyone reading this!
I’m 22 years old from California, found some land 2hrs away from LosAngeles I’ve been saving up so will be able to actually purchase it in cash if I decide to go for it it’s 10acres , but I’m first in my family to purchase land so I have many questions and don’t know if I am doing the right thing 😭 I wish I had more friends with land etc. Wish me luck guys 🤞
You should join our community, Kay - you'll find lots of friends with land! retipster.com/forum/
Hello I’m on my way to buy some lots in El Paso that’s what brought me here :)
Cool! Best of luck to you, Jose. Thanks for watching!
How can you know if you get the land on good deal or you got scammed
The problem I had with land is finding buyers. Going with Realtors was a dead end because Realtors are really trained to sell houses not land. As a result the listings don't draw attention. I had great success buying lots at tax sales and selling them on Ebay. It was not uncommon for me to make 5x to even 20x my investment in 7 days or less of listing. But then Ebay changed policies making it difficult. If I could figure out how to predictably sell again, I'd jump back in on a heartbeat.
It sounds like you needed a realtor who specializes in vacant land (I've had similar experiences with house realtors, they really have no idea what they're doing with land). Here are some ideas on how you can find one: retipster.com/landagents/
Sup Jaren! Buying my first two parcels Thursday!!!!
Way to go Tim!
Tim Krause man that’s awesome! Congrats!
How did it end up going?
@@mr16325 those first two I didn't make a whole lot off of but I learned a lot. Since then I fold my other business and I have bought and sold a total of 34 properties.
@@Tim_KrauseAnd how is your flipping business going now? It's a total of 4 years later.
All good tips ,,,thanks. Hell Yeah
Less competition is a good thing !
Great stuff man! Very good points.
Super positive video. I hope to get my first piece of land within 6 months. Very helpful
Thanks for watching, James! Best of luck to you!
This is so helpful thank you so much
Awesome content. Thank you!
What land flipping websites are out there where I can buy land for $500?
None. You have to search forever and ever and hope you get lucky. And then hope the land is something someone would want. Plenty of cheap land out there that nobody wants to live on.
im gona be a land flipper i enjoy your video ill love to have a conversation with you im just gona get started is true no one cares about land and is easy to sell always
Hi there! Im looking for investors isln lands of Russia, Sochi. Where I can find them?
👆👆Hello I live here in California, I'm just using this means urge you seeing this to give a try and appreciate me later. I saw your comment and I decided to put this down to let you know about him, He guides me with the exact time frame to trade which I made about $5k after trading alone and I recovered my losses. His strategy is really good i'll highly recommend him to you..
Question - What happens if you sell the land with owner financing, the buyer then gets a mortgage and builds a house on it? Then doesn't make the seller financed payments to you?
A seller could include a provision in their loan instrument that requires the borrower to obtain the lender's approval before they starting altering the land in any way. The seller could also feasibly use a land contract in most states, so the borrower doesn't hold the deed until after the loan is paid off (so the property isn't technically theirs to improve until it's paid off). *Disclaimer:* I'm not an attorney and this isn't legal advice.
@@Retipster Wow thanks. So what happens if the seller finance seller DOES give the buyer approval to build a house on it, the buyer builds a house, then the buyer stops making the land payments?
@reitipster, Even with a smart land buy, the market in CA and the Pacific are likely out of my reach, but I don't mind investing 1k-5k per purchase and could buy a lot of them and can go a bit higher,,but,,I would want to pick a list of 1000 to 3000 to mail to initially. How do you decide on a market to mail to when you do that?.
Hey Joe! This blog post explains a bit about how to select a good market: retipster.com/market-research/
@@Retipster thank you! It is perfect that you are doing that in Fla, so am I, so you would know what I am asking. In Fla, the cost of building has gone up a lot and people are getting $35k or more per acre. I could invest that,,but would rather buy 7 or more lots for $35000 or 5k ave or less like your examples. Are you finding those in Fla where you are able to offer $500, $1k, $5k, etc? Some of those lots can be free and the cost to build still would exceed new homes, so the exit is also a concern.
I found some vacant land for sale i'm interested in, do i have the exclusive rights meaning no deed restrictions with vacant land?
These prices are a joke in my country a cheap house is $350k
i just bought 5.82 acres in southern missouri ozarks, what advise would you give me on how to make money re selling it? i have it on seller finance to the sum of 18,500$.
I hate to tell you, you're the end buyer he'd have sold the property to. If you're lucky you might be able to offload them at a profit with the housing boom right now. Otherwise you're going to have to get creative.
@@JBChristian2 iv decided to keep it and develop slowly when i go over to visit my family :D xx
Thank you for the video
Thanks for watching!
how do you know what a good price is? i see others in areas all pending for sales, but because of multiple offers. so we never know what the land is actually going for
Get Alta surveys done and Geotechnical surveys done and you'll have a good idea of what you can sell or buy that land at and to mention the money that can be made above the surface of that land.... trust me do your research there are alot of factors about that land that make the price fluctuate above just the area and surrounding land expansion in that area.....do research on developed land and undeveloped "raw land" then figure out zoning laws and and what makes a property increase in value . The surveys will tell you what your dealing with
6:41 any tips on how to structure or where to go to offer seller financing to would be buying so that it's bulletproof? An attorney?
Not sure if I fully understand your question... can you rephrase that? Are you talking about using documentation and legal language that's bulletproof (protecting the land flipper from liability) or making offers (buying properties) that are bulletproof in terms of ensuring a good profit margin?
How do you know you are getting the right deal at the right price in any area?
It all starts with understanding what the property is worth in the market where you're buying it (which definitely *isn't* an exact science). It involves a basic understanding of how to value land, which is explained in this blog post: retipster.com/valueofland
Flipantly
Haha get it
Can we be friends? I’m in Chicago too and I have to do a 1031 soon.
Thank you, mister. I will look into land flipping as I am a dual citizen. Do you have to have a real estate license to flip land?
No, you do NOT have to be a realtor to flip land.
How do you get started ?where do you get the leads? thanks this was a great video.
Hi Johary, there's a long answer to that question... but if you're looking for a basic (and free) road map to getting started, check out this blog post: retipster.com/land-flipping-lifecycle
@@Retipster Thanks. I found the masterclass and im going to take it.
Do you need a real estate license to buy & sell land?
If you are buying and selling land in your name, then no, you don't.
6:31 true for pretty much any investment.
have you tried virtually wholesaling pools of commercial real estate loans from multiple lender's portfolio's of properties flipping commercial portfolio's flipping commercial mortgage funds in the secondary mortgage market bulk portfolio sales in the secondary mortgage market in very lucrative locations like hong kong singapore new york wholesalers get a fee from there works and profit regardless of the investors P&L statements top that
where you get these mailing lists? what kind of land owners are on them?
Here's one place: retipster.com/delinquent-tax-list Here's another place: retipster.com/findingmotivatedsellers1 - there are other types of lists too, but these are two of the big sources that work well for people.
Is it hard to sell the land after you acquire it?
It can be if you don't price it right or have a property that isn't usable for many purposes. This is why it's important to make a very low offer on the front-end when you buy it and to be sure it's usable for something that buyers actually want in the market where you're working.
@@Retipster Thanks I’m interested in a residential vacant lot that was tore down & it’s in between 2 nice homes in a small town so idk if local developers would be interested in purchasing it
WHAT DO I INCLUDE IN MY WHOLESALE LAND CONTRACTS???
Not sure I understand the question. Can you clarify or rephrase that?
@@Retipster actually i have an entirely different question instead, would a buyer be interested in land if there was a building on the property? like should i proceed with acquiring this lot and try to sell it or should i just forget about this lot
any disadvantages to buying land in an HOA?
Yeah, mostly the unnecessary annual costs and restrictions. HOAs will scare away a lot of would-be land investors for these reasons.
This isn't as easy as it looks, folks. First..you have to find land that someone would actually want. Sounds obvious, right? Yet..many people buy land that is just cheap thinking they are going to make a huge profit..and then are stuck with the land for years (or forever) because it's in an area nobody wants to live in: Too close to an airport or noisy from traffic..too close to run down neighborhoods or ghettos..too far from schools, hospitals, supermarkets, or other conveniences..etc. Much safer to buy homes to flip..because people will always need a home NOW..and most people cannot wait to build on a property. There is a reason you don't see many land flippers..and it's not because people are not aware of this market. Good luck!
Kevin Smith cool
Why such low competition?
Because most real estate investors are focused on houses, multi-family buildings, and other types of 'improved' properties. Since vacant land is just dirt, many people overlook the opportunity under the assumption that it can't produce cash flow and can't be flipped for a profit (which is an understandable, but seriously misguided assumption). In any event, it only helps to sweeten the pot for land investors, because it's much easier to find deals with far fewer people looking for the opportunities.
I started flipping land in 2004 before there was even a book on the subject. Your comment about land investing being protected from recession is absolutely incorrect. It's always the first asset class to go down in value and the last to recover. In 2009 you couldn't give away land because there were no buyers. Why? Because the banks weren't lending to builders. All you had was a liability that you had to pay taxes and insurance on for 7 years until the market recovered. Developers were wiped out and so were mom and pop investors who were holding on to vacant land with no income stream. All these so-called land gurus on podcasts and facebook never lived through that cycle. What's the lesson? Do not buy land unless you have a construction loan lined up or you have a buyer under contract to flip it to. Otherwise, you will get wiped out when the next recession hits.
The comment about being protected from recessions depends on a lot of variables. What you're saying can be right, but it depends entirely on the property's uses, location and how much the land flipper is able to buy it for in the first place.
I actually got started in 2009, just as the recession was beginning. I was able to buy and sell A LOT of land at some great profits during this time. The people who bought from me rarely built anything on them (construction wasn't their motivation for buying). A booming construction market definitely helps, but not every land buyer intends to build immediately (or ever) on their land. Sometimes they just want to own a vacant lot.
I think the key is, wherever market values are, it's important to buy at a fraction of _that_ market value. If there's always a giant profit margin baked into the deal, it's not going to be that hard to find buyers... you just need the ability to lower the asking price far enough to find those buyers (and in times of recession, you might have to lower the price a lot, so the profit margin becomes even more important).
If you're buying infill lots that can only be used for building a house not camping, hunting, recreation, or otherwise), then yeah, I think your comments are pretty much on-point, but there are A LOT of rural land properties that people want to own _even if they have no plans to build anything there_ (and in these cases, having a construction loan is a moot point).
To your point, if people buy at today's market values and then the whole market suddenly falls off a cliff (like it did in 2008), then I would agree, it'd be pretty easy for a person to lose a lot of their would-be profit. That's why it's important to stay on top of what the _current_ market values are, not what the values were 12 months ago.
7:20
Stop yourself at “your should check #hashtag etc etc”
It all sounds too simple.
It is much simpler than most REI strategies, but it's _not_ easy. There are plenty of challenges to overcome and problems to solve, but with far fewer variables at work in each deal.
Good video but there’s no need to act like that
All he's talking about is finding land and using the money he pays for it and the money he sells it for....and find the middle ground. He's not including the heavy equipment needed to developing raw land and making it actually sellable .he's not even including the property's actual use and value after you do what's needed,it takes time to sell because you need to develop that raw land make it usable to build or whatever you plan on doing with it. He is right sky's the limit but I don't think he's including the surveys and other things you need to know when making that land sellable for a specific buyer.......take that money he bought it for and then expense the things you need like equipment and man power. Also knowing what you can and cannot use to also make money on that land while doing that preparation work to make it sellable.....zoning laws and surveys and knowing the real value of that land makes the difference
No offense but it’s gurus like this that talk about niche opportunities and flood the market with rookies. ....Please shut up LOL
Have you tried this before? So I suggest you shut up lol