Is there a dollar amount too small to do a deal? Let’s say you bought a property for $300 and turned around and sold it for $600, is that even worth your time? What if the profit is as low as $150… or even $100?
But, what if you can do that week after week and these lower priced properties can bring in a steady $200 a week? That’s over $800 a month to redeploy back into your business, pay bills, or make a car payment… would that be a game changer?
Listen in as Mark, Tate and the two Scott’s do a deep dive into buying those lower end properties. Find out the lowest amount they’ve made and why sometimes it’s not just about the dollar amount, but about keeping the money moving.
Money loves speed—This business is about velocity and the person who can sell the most properties the quickest, is going to win.
As the guys point out, buying lower cost properties has its perks—it’s very low risk, keeps the money moving, and adds to your buyers pool which could later turn into more sales.
It doesn’t sound like much to many people, but for me, I’ve built a lifestyle around $150 a month payments and I wouldn’t trade it for any other thing out there because this is safe.
Whether there’s not as much meat on the bone to begin with or you’ve been sitting on a property for so long that you just want to get rid of it, the guys go at it from all angles and show you why you shouldn’t discount properties as “just a waste of time” …and tell you when it is.
Then Mark brings up the really deep philosophical question—How much is enough… when it comes to Thanksgiving dinner?
All in this week’s episode of The Land Geek Round Table!
TIP OF THE WEEK
Mark: #BringMimiSchmidtBackForTOW #WeWantErikPetersonsTOW—Go to the Official Motivation & Wealth Creation group leave a comment and tag them!
Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?