193: Nick Ringling Quit His Six-Figure Job After Discovering Land Flipping on ILAB!

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Business, Investing

4.8 • 518 Ratings

🗓️ 2 September 2021

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Nick Ringling is the Co-Owner of Vacant Land Club. Nick spent the last decade working in the Industrial Sales space, most recently selling Electrical Supplies and Electrical Engineering Solutions. Three years ago he first heard of vacant land investing through Invest Like a Boss, and took massive action. Since then Nick has left his cushy sales job to buy and sell vacant land full time. So far in 2021, Nick's team is on pace to buy and sell roughly 150 properties, with an average ROI of about 400%. Every one of which was never seen in person prior to purchase. Vacant Land Club brings value to land sellers by offering them quick cash for properties that they no longer see value in. They offer value to buyers by offering easy owner financing that they wouldn’t typically be able to secure from a financial institution. Vacant Land Club is growing and scaling very quickly with potential investment opportunities on the horizon for investors looking for a way to invest passively.

Listen to ILAB 193 on iTunes here or subscribe on your favorite podcast app.

Where we are:

Johnny FD – Ukraine / IG @johnnyfdj
Sam Marks – Barcelona/ IG @imsammarks
Derek Spartz - Venice Beach / IG @DerekRadio

Sponsor:

Flippa
Visit Flippa.com/boss today to get the best price for your online business or register as a buyer and tap into the many businesses up for sale.
Support Invest Like a Boss: Join our Patreon

Discussed:

Vacant Land Club

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*Johnny and Sam use all of the above services personally.

Time Stamps:

10:21 – How did you find out about the show?
11:34 – Did you know about investing in raw land before listening to the show?
12:26 – Did it cost alot to get started in Land Flipping?
13:35 – Does Land Flipping require a lot of time?
15:31 – Can someone just fund the investment in Land Flipping?
18:16 – Are you satisfied with your investment in learning how to do Land Flipping?
20:38 – Do you know how successful the other students in the course have been?
21:45 – When did you quit your previous job to do Land-Flipping full-time?
22:45 – What advice would you give someone considering going down this path?
25:27 – Would you agree that one of the biggest investments you made was in educating yourself?
27:17 – How do you find the raw land, and who do you sell it to?
30:24 – Do you reinvest in land or other investments?
32:00 – How do you have some land that is cheap?
34:24 – What are the building and/or legal implications with building in some of these areas?
35:20 – What are your thoughts on the future of Land Flipping?
37:05 – Johnny and Derek review

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Transcript

Click on a timestamp to play from that location

0:00.0	What is up bosses? Let me tell you about our brand new sponsor to the show. It is Flippa.
0:06.2	Flippa is the world's largest marketplace to buy and sell online businesses. They have everything
0:11.8	from Shopify and Amazon stores, blogs and content sites, mobile apps, software as a service
0:18.0	businesses and domains. If you're a business owner looking for liquidity,
0:23.0	Flippa is the perfect exit strategy. I'm going to tell you all about Flippa during the break in the
0:28.2	show. But if you want to check them out right now, just go to flippa.com slash boss. That's F-L-I-P-A.
0:35.7	dot com slash boss.
0:37.8	You can get registered as a buyer and tap into the mini businesses for sale.
0:42.7	That's flippa.com slash boss.
0:45.2	All right, let's get the show started.
0:46.5	I'll give you a full explanation of how Flippa works during the break.
0:50.9	Welcome to the Invest Like a Boss podcast.
0:53.0	I'm Sam Marks and I'm Johnny FD. We're self-made entrepreneurs who invest our own money and use modern technology to invest like a boss. Join us each week for exclusive interviews with our network of modern investors, business owners, and multimillionaires to discover new ways to invest our hard-earned cash.
1:09.9	Hey bosses. Welcome to Invest Like a Boss. It is episode 193. I am Derek Sparts here, home in Los Angeles.
1:19.0	While Johnny is celebrating, I think, the Ukrainian Independence Day out in Kiev. What's up, Johnny?
1:25.5	Yeah, 30th anniversary. We had tanks on the street,
1:29.5	fighter jets, helicopters. It was amazing. Beautiful parade. And it's like this stuff, like you just
1:37.4	don't see in the U.S. Like, like I've never seen a tank drive on, you know, on Mowro's before.
1:41.7	Can you imagine like Twitter just blowing up if there's a tank down the middle of Los Angeles,
1:47.4	everyone would be going crazy.
1:48.8	Yeah, actually, so I made a YouTube video called What is Going On in Ukraine?
1:53.3	And legitimately, I didn't know what's happening because they were doing practice runs last
	...

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