1
How to NOT Waste your Money
I used to check my bank account every day. It was the only thing I could do
to force myself to continue grinding. Sometimes, my bank account was
high, and other times it was low. Either way, I’d sigh, put my phone back in
my pocket, and get back to work.
Then, I heard about investing. Wow! You mean I can make money in my
sleep? The answer from the internet seemed to be a resounding YES! So, I
started looking into every kind of investing known to man. I liked real
estate because I could leverage my money...which was good because I
didn’t have a lot of money…
So, I started learning everything I could about real estate. I had been an avid
HGTV watcher, but I hadn’t actually thought of flipping a house myself
until I started thinking about my future. I soon learned that HGTV only
showed half the story. I binged all of Biggerpockets podcasts, read every
book, and watched every youtuber. Eventually, I paid for a formal “coach”.
I ponied up my money and was ready to work…
Funny how their best advice was to pay more money so I could join the “inclub”
- a network of real estate investors who had insider information and
would only do deals with other club members. You could find deals without
joining, but it was like a mom and pop store trying to outsell Walmart - I
simply didn’t have enough money or time. After six months of hard work, I
only had about $2000 to my name. Most of the successful investors in my
town were spending that much per month on mailers alone! How could I
compete with that? I had no money, and I only had so much time.
At the end of the 6 months, I started reevaluating my choices. I knew real
estate was the way I wanted to grow my wealth… but I also knew that
flipping was not the best option for me at the time.
❏ I needed something cost-effective.
❏ I needed a way to leverage my money.
❏ I needed an unsaturated market.
❏ I needed low risk
I'm hoping this book will help you skip the first six months of failure and
get right to success. I don't want to promise you that I'm a master at land
investing - but I do want to share what I've learned.
If you’re starting out broke, you’re probably very concerned about the
startup costs of land investing. Hell, you're probably concerned even if you
do have money. So, I'm going to break down all the costs. The costs range
from less than a hundred bucks a month to thousands depending on how
much you have to market and which marketing strategy you choose. But,
the great thing about investing in land is that you don’t need to stick to your
county - you can invest anywhere because everything you need to do can be
done online or hired out.
Investing online opens up the possibility of purchasing land that is dirt
cheap because you aren’t limited by location. If you find that an area is too
competitive, you can easily find a new, untapped market! Unlike residential
and commercial investing, land investing has not become mainstream yet,
so there are hundreds of thousands of counties full of untapped potential.
Now that you know you can find a deal, let’s look at the costs. I’ve broken
it down into three sections.
Section 1: The Absolute Necessities and How To Get Them For Free.
These are what I consider the necessary costs associated with investing in
land. You will need at least these tools to get started.
Section 2: Costs that will Make Investing Easier but are not Necessary.
These expenses will help your business become more efficient but are not
necessary. If you are broke, you can get away with not spending any money
here. However, when your business grows, you will naturally begin to use
these tools.
Section 3: Unnecessary Startup Costs. I consider these expenses to be
unnecessary to start investing. You will probably need them later on, but
you do not need them the day you start. I advise you to stay away from
these items because trying to do them will take up your time and slow you
down.
If you have invested in Real Estate before or don’t want to hear the reason
behind each of the different expenses associated with investing in land, feel
free to skip to the end of this chapter to see a tl;dr table.
I want to be upfront with you here - some of the services I recommend are
through an affiliate link. This shouldn’t deter you from using my link (after
all, some of them come with a discount) because most of these service’s
competitors also have affiliate programs, so there is no reason to promote a
service I don’t believe in. With that out of the way, let's get into it!
Section 1: The Absolute Necessities And How to Get
Them For Free
Education
You’ve already covered this first expense. For the price of this book, you
get a wealth of knowledge on land investing. I am not saying you never
need to purchase another book, explore a course or get a more expensive
education… However, this book should get you 80% of the way there. Hell,
if you follow the instructions in this book, you'll start investing in the next
chapter.
There is a bit of a disclaimer. Since this book is for the entire continental
US, there are a few things that I simply cannot teach you because they are
different for each state. Luckily, I will tell you how to find most of this
information for free online. You will more than likely be investing in
several states at one time, so you should be familiar with how to find this
information online anyway.
If you do choose to purchase a course, this book gives you all the
information you need to select one that will not scam you. I will make the
bold assumption that you do not want to spend or do not have $20,000 for a
guru that will attempt to teach you how to invest in land. I have had
experience with these gurus, and while some people do find them very
helpful, they are usually unnecessary. Trust me, they all teach the same stuff
that I’m gonna share with you.
I know there are a few things a book can’t do that a guru might. For
example, I can’t check up on you to make sure that you are taking action
and I can’t really answer your questions. To solve these deficiencies, I have
included easy action items in each chapter, and I'm going to show you a few
places where you can ask all of your questions for free.
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