WIP 1090: Deal Breakdown - How a Wholesaler from Florida Did a $100k+ Net Profit Land Deal
Wholesaling Inc with Brent Daniels
Find distressed properties for pennies on the dollar and turn them for huge profits!
4.9 • 1.4K Ratings
🗓️ 25 November 2022
⏱️ 22 minutes
🧾️ Download transcript
Summary
If you don’t like renovations, dealing with tenants, or having to undergo construction but still want to make money in real estate, scrap all that and start investing in the land! Vacant land doesn’t involve any of those things, so if you want simple and easy money, you might consider doing land deals.
We have an incredible guest named Gary Jones joining us in today’s podcast, and he will be breaking down how he found a land deal that landed him $100,000 in net profit. So if you’re still hesitant about whether you give land investing a shot, this episode will provide you with rock-solid reasons on why you need to seriously consider adding land to your real estate wholesaling toolbox.
Make sure to visit Brent’s Land Sharks program and become part of a growing community of land investors who are achieving massive success in the land niche.
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Show notes:
- (0:51) Beginning of today's episode
- (6:22) Once you've made money in real estate and once you close deals, you don't forget how to do it
- (7:43) From acquisitions manager to full-time investor, find out how Gary did it
- (8:10) How do you "underwrite” deals?
- (10:38) Business and success is 90% attitude and 2% mechanics
- (15:07) The story of how he got that $100,000 net profit agreement
- (17:39) Gary explains the value of a seller's post-occupancy agreement
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Resources:
- MLS
- DocuSign
- Rich Dad Poor Dad by Robert Kiyosaki
- Want to learn more? Check out the Land Sharks program.
- To speak with Brent or one of our other expert coaches call (281) 835-4201 or click here to schedule your free discovery call for an opportunity to work with Brent personally
Go to Wholesalingincgroup.com to become part of one of the fastest growing Facebook communities in the Wholesaling space.
Get all of your burning Wholesaling questions answered, gain access to JV partnerships, and connect with other "success minded" Rhinos in the community.
It's 100% free to join. The opportunities in this community are endless, what are you waiting for?
Transcript
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| 0:00.0 | You're listening to wholesaling ink episode number |
| 0:02.7 | one thousand ninety and what I've learned in business and success is that it's really |
| 0:07.4 | like ninety eight percent attitude and two percent mechanics. |
| 0:10.4 | You can know the mechanics but if that fear and doubt hits you |
| 0:14.1 | and you get all down the dumps I mean that can affect you from moving forward regardless of how much |
| 0:19.0 | you know or how much experience you have. This is game changing information guaranteed to raise |
| 0:25.2 | your real estate wholesaling business with actionable steps you can take immediately |
| 0:29.6 | to navigate the ins and outs of wholesaling and start making money today. |
| 0:34.8 | Join us as we put our guests in the hot seat and dive deep to dissect their strategies for |
| 0:39.6 | success to enable you to duplicate their results. You're listening to wholesaling ink. |
| 0:44.8 | The only show dedicated to making you a fortune in wholesaling. |
| 0:51.0 | Hello Ryan O'Nation it is me Brent Bowers your Landman and I've got a great episode for you |
| 0:56.8 | today I've got a gentleman named Gary Jones and he did a land deal it was actually an older |
| 1:03.9 | mobile home on a piece of land a little over five acres actually five point six acres to be precise |
| 1:10.2 | he's going to break down exactly how he found this deal how he partnered up with his old boss |
| 1:15.7 | and then how they did a joint venture to buy this deal fund this deal listed on the MLS |
| 1:21.0 | and ultimately make over a hundred thousand dollars net profit between the two of them. |
| 1:25.9 | Let's go ahead and jump right in I'm excited to share with you Gary Jones how are you today oh |
| 1:31.2 | I'm doing awesome Brent how about yourself oh man really good just super stoked to have another |
| 1:35.9 | Floridian on the whole podcast you're doing amazing things you're crushing it in wholesaling |
| 1:43.3 | and then what I'm most excited to deep dive today is a land deal that you actually it's your first |
| 1:49.1 | land deal what you told me over over Facebook and funny story you asked me about the deal and asked |
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