Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Jay Johnson

Jay Johnson has started 4 posts and replied 155 times.

Post: Land Flipping Courses

Jay JohnsonPosted
  • Pelham, NC
  • Posts 160
  • Votes 54
Quote from @William F.:
Quote from @Jay Johnson:
Quote from @Max Bradshaw:

Interested in learning about landflips. Does anyone know of solid courses or information I can use to get started? 

 I just did, exactly, what @Edgar U. said to do. He is spot on. I was all in at a little under $14k. It was 3.24 ac.  Buy price, included a soil evaluation, drone pics and getting an improvement permit for my end buyer. She wanted one before buying because she is ready to build, so I got the same soil scientist that did my soil evaluation to do that for her within the next week. Sold for $47K. Left closing with a little under $42k. Bought Dec 19 2023. Sold Feb 1 2024. I only sent around 1800 blind offers to get that deal. Some courses say on average, you'll get a deal for every 1800-2300 pieces of mail sent. Doesn't always happen that way, but it did for me. Some people mail 1500-2500 a month. Some do 3000-5000 a month. Some 10,000-20,000 or more a month. If you send only a little mail at a time, it may take a while to get a deal. If that's what you have to do to get started, then do that. You can still get a deal. I just did it that way, but up your mail after that first successful deal and mail consistently every 2 weeks or every month. County selection and pricing is very important. Get, at least, decent with that and you should get some deals. I bought a course, but you can do it without buying one. In case you're wondering, I bought the Apke Brothers course Land Investing Online. I did this all virtually except I went to closing.


I have found that sending blind offers does not work as well as other strategies.
You should check out Jonathon and the land riches blueprint.  He explains why he does not use blind offers for everything but also gives cases where he does.  I have followed what he taught and have seen improved results.  
I do not make anything for the recommendation (no affiliate link to share) but I have numerous courses and his is the most comprehensive.
I will check that out. Thanks for the suggestion.

Post: Land Flipping Courses

Jay JohnsonPosted
  • Pelham, NC
  • Posts 160
  • Votes 54
Quote from @Jermaine Moore:
Quote from @Daniel Apke:

Hey Max, I'd love to discuss options with you. I came from a traditional real estate background and got involved in land flipping years ago. Like anything, there are pros and cons with land flipping. I highlighted some below to help you make your decision. Overall land flipping has been amazing to me, but it's a lot of work. If you're willing to work, the profit and results are definitely there. 

Pros: 

- Low upfront cost

- Very high profitability (we average 23k per deal of profit) and the ROI is AMAZING

- Sustainability - so many land owners out there don't want their land

Cons

- Can take 4-6 months or so to see results

- Marketing is expensive, we send mail to acquire properties. Mail is expensive (60 cents per mail).


 I created a platform to help others learn from scratch. We have tons of free education for you to learn more about land flipping and land investing. Feel free to reach out, I'd love to help. Best of luck on your journey.  

Hi Daniel, 
I would be interested in working with you. I've been looking at all of the different programs out there and its challenging just to determine fact fron fiction. I would love to work with someone in the industry that would be willing to provide an educational experience in exchange for sweat equity. I would be willing to joint venture on marketing efforts and everything in between just to work with someone.  

Daniel is one of the Apke Brothers I was talking about in my post. I'm one of their students and a member of their Discord group. They, also, have a free Discord group, too. They and the group are legit. Weekly member calls where they analyze our deals are priceless!

Post: Flipping Vacant Land

Jay JohnsonPosted
  • Pelham, NC
  • Posts 160
  • Votes 54
Quote from @George Robinson:

Hello! I'm looking to connect with anyone who is currently flipping vacant land - let's connect!


 Just completed my first deal so I have limited experience, but I'm always cool with connecting with other investors.

Post: Land Flipping Courses

Jay JohnsonPosted
  • Pelham, NC
  • Posts 160
  • Votes 54
Quote from @Max Bradshaw:

Interested in learning about landflips. Does anyone know of solid courses or information I can use to get started? 

 I just did, exactly, what @Edgar U. said to do. He is spot on. I was all in at a little under $14k. It was 3.24 ac.  Buy price, included a soil evaluation, drone pics and getting an improvement permit for my end buyer. She wanted one before buying because she is ready to build, so I got the same soil scientist that did my soil evaluation to do that for her within the next week. Sold for $47K. Left closing with a little under $42k. Bought Dec 19 2023. Sold Feb 1 2024. I only sent around 1800 blind offers to get that deal. Some courses say on average, you'll get a deal for every 1800-2300 pieces of mail sent. Doesn't always happen that way, but it did for me. Some people mail 1500-2500 a month. Some do 3000-5000 a month. Some 10,000-20,000 or more a month. If you send only a little mail at a time, it may take a while to get a deal. If that's what you have to do to get started, then do that. You can still get a deal. I just did it that way, but up your mail after that first successful deal and mail consistently every 2 weeks or every month. County selection and pricing is very important. Get, at least, decent with that and you should get some deals. I bought a course, but you can do it without buying one. In case you're wondering, I bought the Apke Brothers course Land Investing Online. I did this all virtually except I went to closing.

Post: Anyone do Land Investing

Jay JohnsonPosted
  • Pelham, NC
  • Posts 160
  • Votes 54
Quote from @Edgar U.:

Hey Eric, been doing land flips for 5 years now. I do a bit of everything, I buy (close with own funds or partners) and resell at a discount. Things are taking a bit longer to sell especially with the way the market is. The most important thing is to build a great buyers list, offer creative financing on the back end, or buy the land at a great price that you could still resale at a discounted price to the end buyer.

Btw, I don't add any value to the land (i.e) improvements, or anything similar. If the land requires for improvements then I'll do it. I do spend some time on the marketing side and create AMAZING presentations when selling the land. I just bought a land and listed it with a realtor, she only put a sat image of the land. Keep in mind that the land has water front view, so I had my team create a beautiful image enhancing to showcase the land and more.

Others have mentioned some courses and channels to join, and I would advice to look into those.

In the land space you could do it so many ways:
- Land flips (st8 cash sales)

- Terms/Notes - Buy land and offer owner financing to the buyers. Great for cash flow

- Subdivides - Buying large tracts often times 10+ acres and subdiving them into smaller parcels.

-Entitlements - Adding or taking the land to a point where its' ready to build for developer.

-Infill lots - Selling land in more urban spaces.

- Building on the land - This has so many ways to about it, that it can get really fascinating. I think this is my fav part of whole land buying process.

- Buy/Hold - Buying land for long term. Land is so cheap that if you do end up buying a large tract taxes are really cheap and you could build your own portfolio of land in areas you desire.

- Double closings/Assignments - As the land market is getting saturated with other investors. More and more folks are doing this similar to the house folks. I personally don't like this strategy as I am getting more calls from sellers who have been done wrong. One thing I heard often in Bigger Pockets when I first started my R/E journey is that there is more money going around than deals. This is SO TRUE in the land space and many other r/e spaces for that matter.


 I agree 100%. 

Post: Anyone do Land Investing

Jay JohnsonPosted
  • Pelham, NC
  • Posts 160
  • Votes 54
Quote from @Eric Sulek:

I've been through a lot of area's and it can't find anyone who does land investing or land flipping.  Is it not worth the time or am I missing something?

Just completed my first lanf flip. I bought Dec 19 2023 and sold Feb 1 2024 (It can take longer to sell. This one went under contract within a couple days. A buddy of mine in the group has had one for over 100 days so it can vary) With buy price, soil evaluation and having an improvement permit done for the buyer, I was all in at a little under $14k. Sold for $47k and after 10% commission for my realtor ( a land specialist from National Land Realty.Good realtors with local knowledge are worth their weight in gold!) and closung costd, I left closing with a check just under $42k. So, yes, it worth it.

Watch all the free videos from the Apke Brothers, Seth Williams, Jack and Jill and anyone else that seem legit. I eneded up joining the Apke brothers course and it was, definitely, worth it. They have a free Discord group and a members only one. Both are full of great peole from around the world who help you if you need it! Got that deal in a few months of joining. The keys are mail, cold call, or text for leads, constanlty and consistantly and answer the phone or get back sellers, quickly! Some people spend alot on mailing and are scared to answer the phone. Sellers will tell you others didn't answer them when they called. It will take a couple weeks for mail to hit, if you use a mail house like Rocket Print (we use them), so have mail ready to go every couple weeks or, at least, monthly.

I work a 50-60 hr/week job and work on my business 1-2 hrs every evening and alot on the weekends, so it can be done if you have a full time job.I could have done better. I slacked and didn't send mail consistantly and I didn't send alot when I did. The course teaches against that because that can make it take a long time to get a deal, but I still got one. I just could have done better in that time frame if I would have  consistanlty sent mail. Hope this helps.


Post: Unsuitable Soil For Septic

Jay JohnsonPosted
  • Pelham, NC
  • Posts 160
  • Votes 54

@Nick Brown Ok. Thanks for the advice. I, really, appreciate it.

Post: Unsuitable Soil For Septic

Jay JohnsonPosted
  • Pelham, NC
  • Posts 160
  • Votes 54

@Nick Brown Thanks for the information. This property is in Randolph Co, NC. I'll have to see what options are lawful in that county. My plan is to buy and then resell, targeting custom builders, first.

Post: Unsuitable Soil For Septic

Jay JohnsonPosted
  • Pelham, NC
  • Posts 160
  • Votes 54

I have a seller that wants to sell, but the lot they had evaluated, in 2007, (it's 2 lots side by side), the health dept said the soil is unsuitable for a septic system. They, also, said alternative systems and any other modifications wouldn't overcome the severe conditions of the site. They, however, did say an option could be to come up with a plan for a system that would dispose of sewage water to another area of suitable soil or off-site to an additional property.

It's 2 lots, with one being a corner lot, in a subdivision, on a street with a cul de sac. Would you still consider buying if you got it cheap enough, or does the kind of info kill any chance of a marketable resell by me?

Post: County response for delinquent tax list

Jay JohnsonPosted
  • Pelham, NC
  • Posts 160
  • Votes 54

@Danielle Jackson That was my reply back to them. Haven't heard anything back, yet.