Why not just get the highest paying job you can find, invest all of your money in the stock market and retire at age 65? Isn’t that what the so-called “experts” tell you to do? Don’t be fooled by the talking heads on your TV.
First of all, if you’re following the standard, conventional retirement strategy, how’s it going?
If I had to bet, I’d predict it’s not going as well as you have been lead to believe it would go. AND there’s a good chance you’re stressed out or even worried sick – wondering if you’ll ever be able to retire.
Let’s just say, for example, you want to make $150,000 a year in retirement so you can live a comfortable lifestyle… so you can eat well, travel, pay medical expenses take the grandkids on vacations, and so on…
Guess what, you will need to save $4,228,960 with an average yield on your investments of 6% if you want to live to age 90. At the rate you’re going, will you be able to reach this goal?
When I started investing in land, I was dead broke. And only 3 years later I had built up enough passive income to exceed $150,000/year and the 6% return. That’s real wealth. Can you see how making over $150k in your sleep could have a dramatic effect on your life and your retirement?
So, according to everyone, the biggest appeal of real estate investing is the rental income and capital appreciation on the houses, apartment buildings or commercial buildings.
So I followed the wisdom of the herd and tried a fix and flip here in Carefree, Arizona with a buddy of mine. Well, I’m not what you consider a very handy guy. In fact, my Wife has our handyman on speed dial.
After 3 months of laboring on the house, depending on sub-contractors to do the work we weren’t qualified to do, paying the realtor’s commission, and factoring in our time… We made money on paper, but in no way was it even remotely worth the effort we put into it. We were both exhausted and miserable.
Yet, the land business required no travel, no maintenance, very little up-front money, and virtually no competition. So, here’s my first deal in New Mexico. I bought a 1/2 acre parcel for $300 and flipped it online for $900. Now for the very first deal that I did, I made 300% in one week!
Common sense was screaming from the rooftops – just keep doing that, Mark!
The second deal that I did was an inexpensive subdivision in Southern Arizona that I bought from tax sale. Now, this is going to blow your mind, but there was almost no one at this auction. Just a few locals and me. And the locals seemed to have no interest at all in this property.
The starting bid was $50. No one was bidding, so I asked the auctioneer if she would lower it. She said sure, $25. Still no bids. I said I’d bid a $1 and I got bid up to $3! I ended up buying hundreds of lots that day for what I would pay for dinner at a nice restaurant.
Then I sold all of those parcels for over 3000% profit – or over $90k in just 6 months. Not one customer complaint and not one refund. And get this, I had never seen the properties in person – only on my computer!
Here’s another deal I did my first year sending out offers. I bought a 5 acre parcel in Colorado for $500. I sold it a week later for $4000 on craigslist.
That’s 8 times my money.
How about another deal? I bought a total of 9 half-acre lots in Florida near Fort Myers with utilities and paved roads in a subdivision for only $250 each. Then turned around and sold them all on easy financing terms for $10k down plus over $900 a month for 15 years at 9% interest!
Another deal worth mentioning is one that I just did a deal with a student of mine, Tory, who found 30, forty-acre parcels owned by one distressed seller. We bought all 1200 acres for under $60 an acre. Tory sold his 15 parcels on terms at $500 an acre! He’s going to make over $300,000 just on one deal!
This is the power of the land business. It can literally change your life overnight.
So let’s review how you’re going to change your life with land investing.
You will learn:
- How to find land you can buy for pennies on the dollar
- How to perform due diligence to make sure the land is desirable and has a clear title
- How to market and sell your land for cash or on easy financing terms, and
- How to train inexpensive virtual assistants to do 90% of the work for you and remember,
- It doesn’t matter if you have very little cash to invest, and
- Even if you have no experience, you will be successful if you put forth sincere effort
- AND the Land Geek Team is here to help you each step of the way
Next week we’ll discuss being the pebble in the pond and making a big impact!