How To Make Money Buying "Unwanted" Land & Property In A Crash
How to make money buying "unwanted" land and property seems like a challenge. But making money purchasing real estate is actually a lot easier than you may think - it just takes a little bit of research, studying up and time. Fresh off making good money from a successful real estate sale, I found a prime piece of land and actually made ~$200k in 4 days by taking some simple steps.
In this video we walk through the details of my land deal that made me an easy $200k and the steps I take finding unwanted land.
STEP #1: Outsourcing
Real estate agents are free to you if you are a buyer. I work with close to a dozen different agents to search for the perfect piece of property for me. But be careful when working with agents.
STEP #2: Identify Work You Want To Specialize In
You cannot be the jack of all trades when it comes to real estate (not a profitable one). Are you specializing in electrical work, plumbing, carpentry, foundation work, framing or land issues? Pick your niche and stick to it.
STEP #1A: FUNDING
Don't make the same mistake I made and not get your funding in order before searching. I lost some great deals because I didn't have my funding/cash secure before searching. I learned my lesson and always have money ready even when I'm not searching. At any moment I have $500k+ ready to buy property. I learned a bitter lesson in my 20s.
STEP 3: BE SPECIFIC WITH THE SCOPE
Know what, where and who you're looking for. The more specific the better. You don't (can't afford) to be broad here.
STEP 4: COMPARABLES AND CALCULATE
Once agents, or you, find a potential investment you have to immediately do a 2 minute comparable search and quick calculations to see what your profit margins and risk will be.
#buyingproperty #realestateinvesting #trashtotreasure
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RECOMMENDATIONS:
Follow me on Instagram: www.instagram.com/lootinglife
Start Hosting on AirBnB Here & Get A Sign Up Bonus: https://bit.ly/2YILVd5
Highly recommended CPA for taxes (tell him Kai Andrew sent you) - Kevin Smoot Email: ksmoot@accountability-inc.com
(Best Research & Analytics) Get 2 free stocks ($12-$1200) with WeBull just for setting up a free account and depositing $100: https://bit.ly/2GbA00k
(Buy chunks of stocks) Get $25 to start investing (after you deposit $100): https://www.sofi.com/share/invest/2702239
My Personal Finance Spreadsheet: https://etsy.me/2xCYGKN
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OTHER VIDEOS YOU MAY LIKE:
Rental Investing With $500: https://youtu.be/KXITJDYL8w0
My 6 Income Streams: https://youtu.be/9wkfNvQEewo
Bucket Rule To Money: https://youtu.be/MyNH_MMO7DM
Making 6-Figures With AirBnB: https://youtu.be/f2aLW1omhvo
My $850k Container AirBnB: https://youtu.be/oUeosiAiPrI
9 Money Making Ideas: https://youtu.be/SPv8UHINhYA
Full House Tour: https://youtu.be/_VREl-UJrHM
▬▬▬▬▬▬▬▬▬▬▬▬
BOOKS THAT CHANGED MY MINDSET:
Try Audible Free With 2 Free Audiobooks: https://amzn.to/2HT7nXH
Changed how I looked at money: https://amzn.to/2utVTlt
Best book on investing in stock market: https://amzn.to/2FvAJIP
Best shift in mindset: https://amzn.to/2FyuVy8
Understand the importance of time: https://amzn.to/2FyvAj0
Making money with effectiveness: https://amzn.to/2V3PRnv
DISCLAIMER: Some of these links are affiliate links and I may get a very small percentage that goes directly to help support the channel. You will not be charged extra for clicking on the links
Видео How To Make Money Buying "Unwanted" Land & Property In A Crash канала Kai Andrew
In this video we walk through the details of my land deal that made me an easy $200k and the steps I take finding unwanted land.
STEP #1: Outsourcing
Real estate agents are free to you if you are a buyer. I work with close to a dozen different agents to search for the perfect piece of property for me. But be careful when working with agents.
STEP #2: Identify Work You Want To Specialize In
You cannot be the jack of all trades when it comes to real estate (not a profitable one). Are you specializing in electrical work, plumbing, carpentry, foundation work, framing or land issues? Pick your niche and stick to it.
STEP #1A: FUNDING
Don't make the same mistake I made and not get your funding in order before searching. I lost some great deals because I didn't have my funding/cash secure before searching. I learned my lesson and always have money ready even when I'm not searching. At any moment I have $500k+ ready to buy property. I learned a bitter lesson in my 20s.
STEP 3: BE SPECIFIC WITH THE SCOPE
Know what, where and who you're looking for. The more specific the better. You don't (can't afford) to be broad here.
STEP 4: COMPARABLES AND CALCULATE
Once agents, or you, find a potential investment you have to immediately do a 2 minute comparable search and quick calculations to see what your profit margins and risk will be.
#buyingproperty #realestateinvesting #trashtotreasure
▬▬▬▬▬▬▬▬▬▬▬▬▬
RECOMMENDATIONS:
Follow me on Instagram: www.instagram.com/lootinglife
Start Hosting on AirBnB Here & Get A Sign Up Bonus: https://bit.ly/2YILVd5
Highly recommended CPA for taxes (tell him Kai Andrew sent you) - Kevin Smoot Email: ksmoot@accountability-inc.com
(Best Research & Analytics) Get 2 free stocks ($12-$1200) with WeBull just for setting up a free account and depositing $100: https://bit.ly/2GbA00k
(Buy chunks of stocks) Get $25 to start investing (after you deposit $100): https://www.sofi.com/share/invest/2702239
My Personal Finance Spreadsheet: https://etsy.me/2xCYGKN
▬▬▬▬▬▬▬▬▬▬▬▬▬
OTHER VIDEOS YOU MAY LIKE:
Rental Investing With $500: https://youtu.be/KXITJDYL8w0
My 6 Income Streams: https://youtu.be/9wkfNvQEewo
Bucket Rule To Money: https://youtu.be/MyNH_MMO7DM
Making 6-Figures With AirBnB: https://youtu.be/f2aLW1omhvo
My $850k Container AirBnB: https://youtu.be/oUeosiAiPrI
9 Money Making Ideas: https://youtu.be/SPv8UHINhYA
Full House Tour: https://youtu.be/_VREl-UJrHM
▬▬▬▬▬▬▬▬▬▬▬▬
BOOKS THAT CHANGED MY MINDSET:
Try Audible Free With 2 Free Audiobooks: https://amzn.to/2HT7nXH
Changed how I looked at money: https://amzn.to/2utVTlt
Best book on investing in stock market: https://amzn.to/2FvAJIP
Best shift in mindset: https://amzn.to/2FyuVy8
Understand the importance of time: https://amzn.to/2FyvAj0
Making money with effectiveness: https://amzn.to/2V3PRnv
DISCLAIMER: Some of these links are affiliate links and I may get a very small percentage that goes directly to help support the channel. You will not be charged extra for clicking on the links
Видео How To Make Money Buying "Unwanted" Land & Property In A Crash канала Kai Andrew
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