330: Land Flipping Revisited: From Zero to $10,000 a Month on the Side

Published: April 11, 2019, 9 a.m.

Roberto Chavez started his raw land flipping side hustle a little over a year ago, and with persistence, has already built it into 5-figure of monthly revenue.\nThis is a business model that was first introduced to me by Mark Podolsky, from TheLandGeek.com, in episode 108 of The Side Hustle Show.\nHe called it "the best passive income model" because it avoids "the 3 T\u2019s" of traditional real estate investing: tenants, toilets, and termites.\nHow the model works is you:\n\nacquire parcels of land on the cheap because the owners don\u2019t want them anymore\n\nre-sell them either for a quick cash flip, or more commonly, as an owner-financed sale.\n\nThis is where the passive income comes in as you collect monthly payments for a period of 3-7 years, or whatever terms you agree on.\nFor example, buy a $10,000 parcel upfront for $2,500, and resell it for $199 a month for 5 years. In that scenario, your total payments collected would be almost $12,000, and you'd breakeven on your initial investment after about a year.\nWhere the persistence comes in, is the initial seller outreach. It\u2019s very much a numbers game, as you\u2019ll hear Roberto explain. I think that\u2019s what separates those who have success in it from, those who don\u2019t.\nTune in to learn how Roberto finds parcels to buy for 25 cents on the dollar, how he figures out how much to offer, the due diligence that goes into these deals, and how he re-sells them for profit.\nFull Show Notes: Land Flipping Revisited: From Zero to $10,000 a Month on the Side\nNote: Roberto is actually a student of Mark's. When I told Mark we were recording this episode, he offered his Land Investing Launch Kit (normally $97) free for Side Hustle Show listeners. I'm also an affiliate for his paid program; use code "sidehustle" for $500 off.