Mark chats with one of his star students, Scott Todd.
Scott recently attended the Land Geek Bootcamp, where he gained valuable insight into the business.
After spending 20 years in corporate America and being a VP of a Fortune 300 company, Scott decided to follow his passion and found his niche in real estate.
Listen in as Scott shares his journey into land investing, starting with The Investor’s Toolkit. After ordering it he decided to take action and jump right in before it even arrived and without knowing if he was doing it wrong or right. He started getting responses back within 2 weeks!
People have always told me to stay away from land because you’re just going to pay the taxes on it and you’re never going to be able to sell it. The reality for me was that it was completely different. I’ve never experienced it taking long on any property, it’s not always necessarily over night, but every single parcel always sells at some point.Scott Todd
We also discuss:
- Competition and saturation
- Skepticism over the returns—300% on cash and over 1000% on owner terms
- The details of Scott’s first full cycle deal
- Time he’s putting into the business
Mark: Learn more about Scott by visiting his website, LandModo.com
Scott: Check out the book: The Self-Directed IRA Handbook: An Authoritative Guide for Self Directed Retirement Plan Investors and Their Advisors by Mat Sorensen