REI Secrets Series Would You Buy This Vacant Lot That Cash Flows 58% CCR??
Today\u2019s REI Secrets episode is special. I\u2019ve done houses for many years since 2008 and lease-option deals have been my bread and butter. But when 2022 came in, I decided that I will be talking more about vacant land deals. I\u2019ve been doing this for a few years now \u2013 started with my teenage sons on a part-time basis. It\u2019s never been the focus of my business but recently, I\u2019ve put more attention to it, have been doing more of it, and am including it full-time in my business.
In the last few years, two teenage boys have been involved in over $150k of profits in vacant land deals that we\u2019ve done in a super PART-TIME basis. Can you imagine how much more that would be if we did it full-time?
In one episode, I interviewed a student of mine and to date, he\u2019s generating over $10k a month in passive income from his notes on vacant land deals. It makes sense to give this more attention. So, we\u2019re going to start investing more in vacant land for cashflow inside of our raw self-directed IRAs. And looking at the numbers, I\u2019m just amazed at how much money this can make if we mix flipping and holding and selling these vacant land notes on terms. And we\u2019re talking about the low-end 50% cash-on-cash return when you sell them on owner financing.
In this episode, I show you what I look for when looking for these vacant lots. I share how I pick the county, find vacant lands in the county I selected and what criteria I look at to determine which ones are good to pursue. So, in line with this, I am doing a 2-day bootcamp with Gavin Timms where I dive in deep and teach all this stuff.
The MAD Bootcamp happens on Feb 11th and 12th; it costs a minimal amount of $97 but you get a value of over $8,000 in REI business knowledge. We will teach you everything you need to know about Marketing, Automation and Delegation which I think are the 3 keys to success in this business. I will be teaching vacant land strategies and Gavin will be teaching strategies for houses.
In this 2-day live virtual event, we\u2019ll be opening up our playbook and show you everything we do step-by-step. It\u2019s going to be amazing and packed with gold nuggets you and your real estate investing business will be thankful for.
Go to MADBootcamp.com NOW!
What\u2019s Inside:
\u2014The money-making potential of vacant land deals.
\u2014Brief overview of how I find vacant land deals.
\u2014My criteria for choosing which vacant lands to pursue.
\u2014What to expect on my 2-day MAD Bootcamp with Gavin Timms.