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Just broke 1000 properties bought, most are sold too. 2017-03-17T13:55:36+00:00

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Viewing 13 posts - 1 through 13 (of 13 total)
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  • Luke Smith
    Moderator
    Post count: 1113
    #8669 |

    Was just noticing in my accounting software that the number of properties bought crossed over 1,000 since I started. It does not seem like that many but I wholesaled a bunch off along the way that I never even put in the accounting system too. The phone keeps ringing 2,000 coming right up!

    Profile photo of MilanMilan
    Participant
    Post count: 360

    Amazing! Congratulations Luke! You’re true land rockstar with big balls 🙂

    Dave Ayres
    Participant
    Post count: 19

    Wow! Nicely done Luke. I appreciate watching and learning from you through your input to others. Thank you for doing that. Celebrating with you!!

    Mike
    Participant
    Post count: 30

    It really is kind of amazing.

    I would bet there are quite a few people that decided to take the leap of faith and commit to this program because of your success – at least I know it was one of the reasons I did. The biggest motivator to real estate investing, for me, has always been seeing other people doing deals. It means you know the deals are out there – you just have to take your lumps while you’re learning the ropes and put in the effort to pursue them.

    Based on your results, I don’t think you’ve taken many lumps along the way. But your success is definitely been a huge help in demonstrating that the model works. At this point, I’m just curious to know whether you hit your first 1,000 sooner than Jack. 🙂 Granted, thats a little unfair given he had taken a lot of the lumps out of for the majority of us by putting this program and this set of applications together.

    btw: My first mailer was a bust. Stuck with it though, got a little better understanding of the process along the way (i.e. took my lumps), and did a second mailer. Picked up 5 parcels in 3 deals for roughly 9k (62 acres total). Absolute cheapest land in the county is going for 500/acre (2 or 3) and almost all the rest is going for 800 to 1k and up. Quick sales at 400/acre? We’ll see…..

    Next mailer going out next week. 🙂

    Keep sharing the success stories, Luke. Its a huge help to more people than you think.

    Profile photo of Ik AlileIk Alile
    Participant
    Post count: 16

    That’s amazing. Real inspiration for us beginners. I just bought my first 7 properties, hopefully they’ll be sold off soon and I’ll be on my way too.

    Thanks for sharing Luke

    Gene
    Participant
    Post count: 64

    Luke,

    Awesome job – thanks for sharing. It’s very encouraging.

    Luke Smith
    Moderator
    Post count: 1113

    Lady shopper in AR just called her back. She started crying on the phone over buying land so easily. She was telling the kids and neighbors while I still had her on the phone. Nice feeling. Now she wants land for each of her kids too! Went from I can’t afford the first one to land for everyone!

    Luke Harris
    Participant
    Post count: 137

    What accounting software do you use Luke?

    Aaron English
    Participant
    Post count: 16

    Awesome Luke! You’re crushing it!

    Luke Smith
    Moderator
    Post count: 1113

    The accounting software is Buildium for property mgt. It’s much more for SFR than land but works for land. Have been moving more and more over to spreadsheets so I can customize more and search easier. They are free and I own them too not like SAAS raising the price once they got all your data in their system.

    Tommy Suria
    Participant
    Post count: 3

    Howdy Luke: do you mean Excel for keeping track and customize searches??

    Luke Smith
    Moderator
    Post count: 1113

    I use Google docs so I can share with my team. Get more done that way.

    Darald Berger (@AggieLand)
    Participant
    Post count: 80

    @luketsmith congratulations and thank you for sharing so much with everyone!

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