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Showing posts from January, 2019

How Much Time Could This Save You On Valuing Land?

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Have you ever wondered what a parcel of vacant land is worth? And no, I'm not talking about what the seller or their listing agent has it listed for – but what it's ACTUALLY worth. If you're in the land investing profession, you probably know this is a dilemma we've always had to deal with. And it's a BIG problem. Why? Because the conclusions you draw about property's value will affect everything else in the process… How much you offer for the property. How much you list it for when it's time to sell. How fast the property ends up selling. How much you end up selling it for. How much profit you make on each deal. What kinds of properties you choose to pursue in the first place. The way you determine a property's “market value” is an extremely important and influential part of how your business ends up working. If you get this part wrong, everything else falls apart… so how can you come up with a solid, educated, reasonably accurate valuati...

The Ultimate Beginner’s Guide To Wholesaling Real Estate (Part 4)

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In this next stage of our real estate wholesaling series, I’m going to teach you every trick in the book about how to sell your inventory fast as a real estate wholesaler. Dispositions — or the action of distributing or transferring property to someone — is the activity in which wholesalers sell off their inventory. In Part 3, we covered all things Acquisitions , which is the aspect of buying (or acquiring) inventory. Specifically, we detailed how to find motivated sellers and analyze deals (so you’ll want to check that out before continuing here). Dispositions are actually my personal area of expertise, as I was the head of this department for nearly three years at Simple Wholesaling , a company that bought and sold an average of 28+ properties per month (at least while I was there). Today, I’m going to show you how to find buyers, market your properties for sale, and break down your entire work process into a simple checklist. Dispositions for the Different Methods of Real Est...

My Review of Scott Meyers’ Self-Storage Home Study Course

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A few months ago, Seth and I had the privilege of interviewing self-storage investing expert Scott Meyers  in episode 28 of the REtipster podcast. I remember walking away from that interview almost shell-shocked at the potential that self-storage facilities seemed to have as a real estate investment, and I wanted to really dive deeper and see if this investment strategy would be worth me pursuing. You see, I think  flipping raw land  is one of the best  real estate businesses out there — but I don't consider it a true  investment , per se. The word “investment” implies that it's a source of passive income: having your money make money while you sleep, play video games, or hang out on a beach. A real estate business , while it typically generates higher and faster returns than most, it still takes a lot more  active  effort to make it work.  I believe the best route for long-term wealth creation is to use a real estate business...