Get all 3 of you can afford it. Get everywhere if you can afford it!
Been having more quality leads from L&F than LW as of late (late being the past 6 months or so). It all depends on the price range and market. Seems to be CL works better with <5k sell price properties. Zillow work better for higher end property. L&F and LW work…[Read more]
“mail me a deed” is easily handled with a mobile notary that will meet the buyer and exchange check for deed. This “objection” should not stop a transaction.
Not sure if you can sell land on Amazon. Do not think you can. eBay is hit or miss like Mike said. I’ve had success on eBay but it would not be wise to solely depend on eBay for sales.…[Read more]
eBay can be good. Just expensive and sometimes doesn’t sell. Or sometimes, you get someone who wins the bid and doesn’t pay.
I’ve sold multiple ways on there; $1 no reserve, $99 reserve, $497 reserve and Buy Now (both cash and terms).
Contacting buyers thru eBay hasn’t been an issue for me at all. It makes them feel comfortable. Once they…[Read more]
I’ve sold on terms in Arizona and multiple other states that allows Contract for Deed/Land Installment. They seem to sell quicker than cash but not always. However, the quality of buyers at the friendly price point you mentioned will attract more hand holding types, tire kickers, and flaky buyers. Also, the default rate is high so you’re income…[Read more]
It’s a grey area. The fact that you got the property under contract for XXX amount, that’s your equitable interest. The contract shows that you have an interest in the property. When I do an option deal/assignment, I put down a nominal, non-refundable amount. I know many people don’t agree and do options/assignments without putting down any…[Read more]
buy the property and sell it for more than you purchased it for.
if you dont have the money, put it under contract at an agreed price then assign the contract to a buyer at a higher price than your original contract, and you keep the difference.
dont think it matters as much as you think.
sellers are going to sell, buyers are going to buy, for the most part.
I think you’re catering to the small minority of sellers who are bothered by the fact that you’re going to buy their property and sell it for a profit. most people don’t care, just as long as you do what you say you’re going to do.
I don’t think you’re completely off base at all. I think its smart to go with your gut feeling, especially if it’s strong. Since you’re new, you want some pretty smooth & easy transactions at first. It really helps to see the ball go through the hoop and be comfortable with the process.
However, I will say this. As a seller, there is absolut…[Read more]
I’d say people grow. Things change. Life Happens and circumstances change. You could come into land investing with 5k and a few years later have 500k and now the world opens up. You develop new/different relationships and opportunities arise now. People get the fundamentals down of dealing with data, sending a mailer, and pricing and then…[Read more]
mail both and see what comes back.
I use Redfin heavy now and try to go where the sales are.
with each mailer you will get more indepth with your criteria and what works for you. you’re gonna get a bunch of different answers from a bunch of different people on here about their criteria. it’s a trial/error & learning experience thing. no right…[Read more]
I use hubspot. it’s good. you can customize it pretty nicely especially for free. when you want to scale up, the paid version can do some crazy stuff and very customozabke. my wife is a broker and her team uses it. cost them 10s of thousands but it does some amazing stuff
Anwar Montgomery replied to the topic Issues and resources for Partnering when seeking acquisition funds? in the forum **Pro-Only Members – Ask A Question** 3 months ago
Haven’t heard of the Deed of Trust/Note.
You can just use an investor/joint venture agreement or partnership agreement. You can do a partnership agreement per transaction or open up an LLC (or multiple LLCs) with the partners. Or you can do everything a handshake. I’ve done all 3. I don’t think there’s a right way or wrong way to do it. All…[Read more]
Anwar Montgomery replied to the topic Tempting but must be a reason it is not encouraged? in the forum **Pro-Only Members – Ask A Question** 3 months ago
Why not test it and see the results?
A few months back, we talked on the weekly call regarding me & my partner being under investigation by the Minnesota Department of Commerce. It was suggested by the State that we needed a broker’s license. Our first thought was, well, we aren’t brokering any deals. We aren’t representing anyone in any transactions, nor are we receiving any…[Read more]
Anwar Montgomery replied to the topic Terms deals – I was amazed by what J+J said. Who's doing them? in the forum **Pro-Only Members – Ask A Question** 3 months, 1 week ago
Got terms deals in Arizona and Minnesota. I can see where they are coming from. It’s not the same as churning out a bunch of cash. It’s a slow drip but its cool. We actually had a gentleman complete his contract last month, so me and Jack are tied on completed deals lol.
I love terms deals in Minnesota because they are very straightforward…[Read more]
Land & Farm
Everything social media
That’s where it’s all heading and the best place to reach people for cheap right now. If you’re not familiar with it or comfortable with it, study up on it. The land buying demographic is a little bit behind (most of my buyers have…[Read more]
I think if you can afford it, get a photographer. It has to make economic sense though. If you buy it for $500 and sell it for 1k, maybe a photographer might eat into too much of your profit. Maybe if you just want to get deals done, then do it. It has to make sense to you. But I can almost guarantee you, that you’re missing a large…[Read more]
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