Flip Land for True Passive Cashflow Episode 985
As an active-duty military member, Brent Bowers needed a side business that could be run even if he was deployed. After trying to build a rental empire in high-priced Colorado, Brent realized that land flipping would better meet his needs. Today he flips land all over the country with his teams, and he coaches other real estate investors as they invest in passive vacant land income.
The first time Brent went looking for sellers, he accidentally mailed out to the county held tax lien list. That\u2019s the list that no one wants, but his response rate was crazy good. And he loved that the whole process of flipping land has less to worry about and negotiate. It\u2019s nothing like flipping houses where every house has a secret, and boy are you going to be broke when you find out that secret.
Generous with his knowledge, Brent answers in-depth land flipping questions including:
\u2014How do you determine where you\u2019re going to market?
\u2014How do you find a list of vacant land?
\u2014How do you determine the value of the property?
\u2014What\u2019s the best direct mail marketing system?
\u2014How can you find buyers for your properties?
\u2014How do you build up capital for your investments?
\u2014Is it better to sell for cash or with owner financing?
Land flippers are like the pawnshops of the real estate world. A seller needs quick cash for a property that they bought for \u201csome day\u201d, so they turn to a flipper to move their property. That\u2019s why they\u2019re happy to sell their land for 25 cents on the dollar. For investors, land investing is going to give you so much less trouble since you\u2019re not dealing with those 3 Ts: termites, toilets, or tenants.
Brent is so amazingly generous with his knowledge that I hope you\u2019ll get as excited about land flipping as I am. It\u2019s a great way to build a passive income without the headaches of home ownership.
What's Inside:
\u2014A15 item due diligence list for vacant land.
\u2014The three different direct mail companies he uses, and the new company he wants to try.
\u2014Brent makes blind offers through what he calls LOLs, or Land Offer Letters.
\u2014Brent\u2019s direct mail response rate pre-COVID and post-COVID.