330: Land Flipping Revisited: From Zero to $10,000 a Month on the Side
The Side Hustle Show
Nick Loper
4.7 • 1.6K Ratings
🗓️ 11 April 2019
⏱️ 49 minutes
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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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