Welcome to the Real Estate Strategies podcast.

This is a show where we get into all things real estate

with some of the industry's top leaders, innovators, and movers and shakers.

This is a place where we'll get into the trends, the how-toes, and the nuts and bolts of real estate investing.

I'm your host, Ken McElroy.

If you want to get my weekly newsletter where we keep the conversation going on the

topics that we cover here, please go to www. Kenmacoroy.com slash news. Let's dive into this episode.

Hey, everybody, welcome to real estate strategies. Today on our show, I have my good friend,

Cody Bougan. Cody, how are you, man? Good. How are you, brother? Good, good. So Cody owns

Allied development, which is a raw land development company. And I know a lot of you guys don't think

a lot about raw land, but I want you to think about this. Everything starts with raw land,

every single thing, single family, multifamily commercial. So a lot of you guys focus on

obviously buying existing properties. Somebody prior to you actually developed that land into what

you're actually buying. So I'm really excited to have

you on, Cody. I know a lot of people are interested in land development. And I know you

exclusively work in these off market deals. And so those of you that are a little bit interested

in this because it's a big, big market. If you can get deals,

you can get raw land set up for people, you can make a lot of money. And Cody's had a career

doing that. So, Cody, let's just jump right in here. You know, I know a lot of people are just

getting starting in real estate. And they don't think a raw land because there's so much focus on cash flow and passive income.

And I, you know me, I'm a big passive income guy.

But so what happens a lot of times is people kind of overlook this, right?

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