How To Analyze Land Deals - Masterclass Video with Jerry Norton Part 6 1249
If you\u2019ve been following along, we\u2019re now on part six of my masterclass video series with Jerry Norton. In this one, we talk all about analyzing vacant land deals. I thought this was really important, especially for my audio listeners, because it's just important to understand that it's different from houses. In some ways, land is more difficult to comp than houses, but once you learn it, you\u2019ll find it\u2019s actually pretty simple and easy.
We buy land on the cheap; we\u2019re talking 35 to 50 cents on the dollar at the most. This gives us a lot of room for error. Although it\u2019s easy to get stuck in analysis paralysis, doing so prevents you from taking the action you need to make massive strides in your real estate business. Here, Jerry and I show you how you can come up with a value for a piece of vacant land and a matching offer in less than five minutes. Don\u2019t forget to grab my free land kit through JoesLandKit.com.
What\u2019s Inside:
\u2014How analyzing land deals differs from houses.
\u2014How to properly comp a piece of vacant land.
\u2014How to come up with an offer based on your analysis.