Today’s REI Classroom Lesson
Mark Podolsky shares his secrets on where to find the best land deals in the US.
REI Classroom Summary
Listen in as Mark tells us where his top areas to invest are and why it makes sense to buy raw land there. While he lists multiple areas, he mentions that you don’t have to invest in multiple states to be successful.
Listen to this REI Classroom Lesson
Real Estate Investing Classroom Show Transcripts:
Mike: Welcome back to the flipnerd.com REI Classroom where experts from across the real estate investing industry teach you quick lessons to take your business to the next level. And now, let’s meet today’s expert host.
Mark: Hey it’s Mark Podolsky, The Land Geek, with thelandgeek.com and the host of REI Classroom. Let’s talk about where to find the best land deals. As always, I’m rocking the treadmill desk because, look, sitting is the new smoking.
Mike: This REI Classroom real estate lesson is sponsored by theinvestormachine.com, FlipNerd’s private investor coaching program and your blueprint to investing success.
Mark: It just stopped. All right, that’s okay, I can still do this because I’m a professional. All right. Where to find the best land deals? Nobody wakes up and thinks to themselves, “Boy, I’d really love to buy some raw land in Minnesota” unless you live in Minnesota or Iowa or Missouri, right? The best land deals are going to be the biggest buyer pool. People want to buy property where it’s growing and typically sunny. So I look for the best land deals are going to be in California. They’re going to be in Texas. They’re going to be in Arizona, Nevada, Florida, Oregon, Colorado, and Washington. A little bit in the Northwest but mainly going to be the Southwest, California and Florida. That’s your biggest buyer pool.
Really what we’ve seen since I’ve been doing this since 2001, I’ve done over 5000 land flips, I’ve seen people make total livings on just one state and one county. I mean six figure incomes just being a specialist in those areas. So you don’t need to be in 10 different counties. Two or three counties and focusing and being an expert in those counties in those states will really move the needle. You don’t need to get overwhelmed trying to learn all these different areas and the different laws and the different specifications. Literally just being an expert in two or three counties will make all the difference.
So I think those are the places where you’re going to find the best land deals. They have the most properties that are raw and inexpensive in the country in those areas. I hope that helps. If you want to learn more, go to thelandgeek.com and we’ll show you step-by-step where to find and how to find the best raw land deals. Thanks so much.
Mike: Are you looking to change your life through real estate investing? If you’re interested in either getting started or taking your business to the next level, please check out FlipNerd’s private program at theinvestormachine.com. This is the most robust real estate investor coaching, networking, and mastermind on the planet and designed for your success.
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