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Updated over 6 years ago on . Most recent reply
![Carl Hammill's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1112841/1621509077-avatar-carlh55.jpg?twic=v1/output=image/crop=720x720@0x0/cover=128x128&v=2)
If someone gave you a month to learn land investing
Hello,
Brand new here. Hello! Long story short, Wife & I were planning to visit her family in Vietnam for entire month of August (cleared my work schedule) but recently learned wife is pregnant and her doctor & CDC do not recommend pregnant females travel to Vietnam due to risk of Zika Virus. We have cancelled the trip. I now have entire month to dig into something that has interested me for while....land investing.
So I have been listening to these podcast for past 4 months on land investing (land flipping): 1) The Retipster podcast (Seth Williams) 2) Art of Passive Income Podcast (with Mark Podolsky- Land Geek) 3) The Forever Cash Life Real Estate Investing Podcast (Jack & Michelle).
It looks like cost for these programs are about or little above $1,000. I don't have real-estate experience, so I would need to learn thru program or on my own crash course on things like: easements, do I need LLC in each state I would buy in, learning to sell on terms (financing), how to close (can I do it myself), how good copy looks for mailings, etc.
Judging from information above, how would you approach if you had entire month open?
Thanks in advance,
Carl
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I grew up in the land business its an old and tried and true from the original land grants and gold rush days and then colonial lands.. to the Louisiana purchase.. and the mother of all land deals the purchasing of Alaska from Russia..
the concept is dead simple.
1. rural properties that are handed down over time are prime targets.
2. buy for cash
3. sell on terms 500 down 50 a month.
4. do hundreds of them..
Bonus is if you can move to larger parcels that may have timber value.
trying to find lots for builders is pretty much a non starter builders find their own lots.. and are not going to over pay.
this is why the guys that do this primariliy are working the deserts of the south west.. high deserts of CA
rural Texas NM AZ so on and so forth.. And of course all the lots in FLA Lehigh acres being a prime example.
- Jay Hinrichs
- Podcast Guest on Show #222
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