REI Secrets Series » Would You Buy This Vacant Lot That Cash Flows 58% CCR??

02/09/22 • 59 min

Today’s REI Secrets episode is special. I’ve 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’ve been doing this for a few years now – started with my teenage sons on a part-time basis. It’s never been the focus of my business but recently, I’ve 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’ve 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’s 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’re going to start investing more in vacant land for cashflow inside of our raw self-directed IRAs. And looking at the numbers, I’m 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’re 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’ll be opening up our playbook and show you everything we do step-by-step. It’s 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’s Inside:

—The money-making potential of vacant land deals.

—Brief overview of how I find vacant land deals.

—My criteria for choosing which vacant lands to pursue.

—What to expect on my 2-day MAD Bootcamp with Gavin Timms.

Go to MADBootcamp.com NOW!

What’s Inside:

—The money-making potential of vacant land deals.

—Brief overview of how I find vacant land deals.

—My criteria for choosing which vacant lands to pursue.

—What to expect on my 2-day MAD Bootcamp with Gavin Timms.

Previous Episode

Live MAD Bootcamp - Marketing, Automation, Delegation - Feb 11-12

Gavin and I just came out of a 3-day free challenge a couple of weeks ago where he virtually went into a new market for houses and I went into vacant land. We did the 3-day challenge and then did real marketing the next 9 days after and we documented the whole thing.

Gavin briefly shares his experience from that challenge and what he’s done next to cultivate those leads. He budgeted $1000 on marketing like cold calling for an entire month. As for me, there are 3,006 counties in the United States and I went into 2 counties for vacant land leads. I’ve spent $800 on direct mail for each county and leads have started coming in a couple of days ago.

So why are we sharing this? We’ve been teaching marketing, automation, and delegation for years. This is Gavin’s and my bread and butter. Over the years of being in the REI business, both Gavin and I have learned that you can avoid wasting thousands of dollars on bad marketing, you can eliminate tedious tasks by setting up an effective system and you can have someone else doing the tedious work for you!

If this is something you believe you need to know, we’ve got a M.A.D. Bootcamp coming up. In this 2-day live virtual event, we’ll teach you what you need to know about Marketing, Automation, and Delegation that will take your REI business to the next level. We will unlock all our “M.A.D. Scientist” secret recipes and reveal everything you need to be successful in 2022!

Our MADBootcamp is on February 11 & 12, 11am-7pm Eastern, and tickets are selling fast! This 2-day event has a total value of $8,482 but we’re offering it to you for just $97! So don’t miss out!

Go now to MadBootcamp.com to register!

What’s Inside:

—A brief overview of Gavin’s experience going into a new market for houses.

—What took place when I virtually went into a new market for vacant lands.

—What to expect on our upcoming MAD Bootcamp.

Next Episode

Learn How To Close More Deals By Taking All The BS Off Your Plate » Episode 1098

David Olds is the owner of EZ REI Closings, a transaction coordination company that helps wholesalers by taking on the burden of the administrative portion of closing. He started his business in 2016 in his backyard of Chattanooga, TN and has since expanded into virtual markets.

David and his team work directly with some of the largest title companies in the country, sending them deals to get them closed. He also uses transactional funding in double-close situations and explains all about how it works. The team partners with notaries and title insurance companies and gets everything done within a virtual setting. I’m really interested in how to make transactional coordination work for vacant land deals and David walks us through the process.

EZ REI Closings is helping a lot of people close more deals so they can get back to doing what they do best – buying and selling houses. For more info, head to closelikejoe.com.

What’s Inside:

—How David built EZ REI Closings and expanded into virtual markets.

—Details on transactional funding and how it’s used.

—How David and his team close deals with title companies.

—Why transactional coordination is a good choice for closing vacant land deals.