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The Side Hustle Show

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

The Side Hustle Show

Nick Loper

How To, Entrepreneurship, Business, Education

4.71.6K Ratings

🗓️ 11 April 2019

⏱️ 49 minutes

🧾️ Download transcript

Summary

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. This is a business model that was first introduced to me by Mark Podolsky, from TheLandGeek.com, in episode 108 of The Side Hustle Show. He called it "the best passive income model" because it avoids "the 3 T’s" of traditional real estate investing: tenants, toilets, and termites. How the model works is you: acquire parcels of land on the cheap because the owners don’t want them anymore re-sell them either for a quick cash flip, or more commonly, as an owner-financed sale. This 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. For 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. Where the persistence comes in, is the initial seller outreach. It’s very much a numbers game, as you’ll hear Roberto explain. I think that’s what separates those who have success in it from, those who don’t. Tune 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. Full Show Notes: Land Flipping Revisited: From Zero to $10,000 a Month on the Side Note: 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.

Transcript

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0:00.0

Side Hustle Show 330. This is Land Flipping Revisited. How one Side Hustler built a $10,000 monthly income stream in a year and how you can get started too.

0:17.0

What's up, Nick Loper here? Welcome to the Side Hustle Show because,

0:19.0

sure, persistence follows passion,

0:22.0

but more importantly, passion follows persistence.

0:25.0

I'm excited to introduce Roberto Chavez today, who started a raw land flipping side

0:30.4

hustle a little over a year ago and with persistence has built it into five

0:35.2

figures of monthly revenue. This is a business model that was first introduced to me

0:40.1

by Mark Podolsky from the Land Geek.com in episode 108 of the side hustle show and he called it

0:47.7

perhaps superlatively so the best passive income model because it avoids the three teas of traditional real estate investing,

0:55.0

those being tenants, toilets, and termites.

0:58.0

How the model works is you acquire parcels of land on the cheap because the existing owners don't want them anymore,

1:05.0

and you resell them either for a quick cash flip or more commonly as an owner-financed sale,

1:12.0

where for a period of three to seven years, whatever terms you agree on,

1:16.6

you collect a low monthly payment from your buyer, win-win,

1:20.0

right? Where the persistence part comes in is in that initial seller outreach.

1:25.4

It's very much a numbers game, as you'll hear Roberto explain in this episode.

1:29.8

And I think that's what separates those who have success in it from those who don't. You're not likely to run out of people to contact,

1:36.2

sellers to contact, anytime soon because there's practically unlimited inventory,

1:40.0

an estimated 150 million parcels of land in the United States alone.

1:44.8

But it's been three years since we last covered this unique real estate side hustle on the show

1:50.5

and it's a fascinating one to me so I thought it would be worth

1:53.3

revisiting with someone who's in the trenches of it. Now Roberto's actually a

...

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