5 • 681 Ratings
🗓️ 29 October 2019
⏱️ 37 minutes
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0:00.0 | Do you have solo economic dependency? That is, if you aren't working, you aren't making money. |
0:06.6 | The art of passive income podcast is the solution. Discover passive income models so you can enjoy life on your own terms. Let freedom ring. |
0:17.6 | Hey, it's Scott Todd. Welcome to the Land Geek Roundtable. Guess what? Mark's not here. Scott |
0:24.6 | Bossman's not here. Mimi's not here. Three of the core people are not here, but guess who's here? |
0:30.5 | Myself, Mike Zano, Eric Peterson, and Tate Lynchfield. What we have here is we kind of have an equal number of surface users versus Mac users on this roundtable, |
0:44.3 | but that's not what we're going to talk about today. |
0:47.1 | What we're going to talk about is one of the most favorite topics that most people like love, |
0:53.5 | which is our most recent deals. So we're going to get |
0:57.0 | right into it. Let's talk about our most recent deals. First up, Eric, what are your most recent |
1:04.5 | deals? All right. So I want to talk about two because they're both pretty recent and somewhat different. |
1:13.6 | So the first one was a property I bought for about three grand. |
1:19.3 | I had offered it for sale on a deal of the week. |
1:24.4 | And I had a customer that purchased a property from me previously and asked for a refund, |
1:33.3 | and it was a big refund because he made a huge down payment. |
1:37.3 | We're talking over $5,000 refund prior to the guarantee running out. |
1:46.0 | But he came back to this deal of the week and he wanted to buy it. |
1:50.6 | So he wanted to pay cash. |
1:54.5 | And I sold that property for $7,725. That's about almost 160% return. Just a straight cash deal. I mean, |
2:06.8 | I know Mark doesn't like it, but, you know, I can't complain. I can take that $7,000 and |
2:14.0 | reinvest it in more land because I know I've got plenty of land to buy right now. |
2:18.9 | The second one I want to share, just because it's a little different, is also kind of |
2:25.2 | useful to talk about. |
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