quit job land business

A few months ago, I saw a forum post in the REtipster Club from a guy named Jay Thomason. Here’s a quick excerpt of what he said (this wasn’t the full forum post, but enough to convey the gist of it):

When I saw this, I thought a couple of things:

  1. “That’s amazing!”
  2. “Hmmm… I bet there are some people in our crowd who would love to hear more details on how he did this.”

So, we reached out to him, and he was happy to come on our podcast with his business partner Daniel Earhart, to talk about how their business works, how they were able to speed-grow their operation in just a few short years, and the role both of them played in taking a HUGE step towards financial freedom.

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About the author

Seth Williams is a land investor and residential income property owner, with hundreds of closed transactions and nearly a decade of experience in the commercial real estate banking industry. He is also the Founder of REtipster.com - a real estate investing blog that offers real world guidance for part-time real estate investors.

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  1. Fritz says:

    The interview was interesting and inspires me to see the day that I too leave my job. However, I wish you would have talked more about how exactly they can sell a piece of land in a short time for a large profit. Wouldn’t the original owners just have hired an agent themselves and sold for much more? What land improvements are usually necessary to resell at a profit? I feel that the conversation did not touch on the steps on how they profitably flipped their purchases.

    1. Hi Fritz, thanks for listening! We actually cover a lot of that in various places on the blog. Here are few posts worth checking out:

      How to buy land for cheap (and why landowners sell for so cheap in the first place)
      https://retipster.com/delinquent-tax-list
      https://retipster.com/findingmotivatedsellers1
      https://retipster.com/understanding-the-motivated-seller
      https://retipster.com/anatomy-land-deal

      How to get land sold quickly:
      https://retipster.com/howtowriterealestateads
      https://retipster.com/real-estate-listings-post-ads-free
      https://retipster.com/write-a-neighbor-letter-and-sell-your-property-fast
      https://retipster.com/help-when-property-wont-sell

      There’s a lot more to be said about all this stuff – but hopefully that’ll give you something to chew on for now. 🙂

  2. Toby says:

    Great interview!

    I love listening to these case studies and picking up small tips from how each person does this in their own, unique way.

    This interview convinced me that using an agent is a route I need to try out. I purchased my first parcel with your strategies about six months ago and to be honest have been struggling to sell it. I have had plenty of interest from people asking about the HOA restrictions and this is where I typically lose them. While there are no fees, the covenants don’t allow mobile homes and unfortunately construction costs are at levels today where new construction is substantially expensive than buying existing stock in this market.

    Since listening to this interview, I have linked up with the top realtor in the area and am hoping that her network and local knowledge will bring me a buyer. Something that I think is worth pointing out to other readers/listeners is that the agent I spoke to mentioned that she spends $11,000/month on marketing (even more impressive considering the market where she is HQ’d and where my property is has a population of <10,000) and the second we list, my property will go out to her buyer's list of over 5,000 people. She also recommended that I list it for $3,000 (~20%) more than what I have been trying to sell it for by owner since she is familiar with the quality of the neighborhood and the demand in the area if we can reach the right buyer set. Following your acquisition strategies, I had plenty of buffer to justify her cost (10%/minimum $1,200) at my current list price, but if we sell near her recommended list then hiring her will more than pay for itself.

    Thanks again for all the quality content!

    1. I think a land agent is totally worth trying out Toby. Let us know if that gives your property the push it needs!

      Also – keep an eye out for that blog post we’re publishing (it’ll offer a lot of help in this regard). It will be out on Monday.

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