Brandon Bruckman and Brent Bowers discuss the early days of Brent's land investing journey, from getting started with tax delinquent lists to making his first deals. Brent shared some key points about his journey, including:
Getting Started: Brent initially got interested in land investing after hearing about it on a podcast. He decided to focus on tax delinquent lists to find potential land deals.
The First Deal: His first land deal was in Palmer Lake, Colorado, where he purchased a piece of land for $285.
Mistakes Made: Brent admitted to making mistakes early in his land investing journey, such as not knowing how to properly value land and not doing adequate due diligence on some deals. He also mentioned instances where he almost made risky decisions but ultimately stuck to his ethical principles.
Seller Financing: He highlighted the importance of seller financing in his strategy, allowing him to create cash flow and make deals with limited initial capital.
Current Approach: Brent now focuses on buying land in areas where land is in demand. He uses specific offer prices in his land offer letters to target potential sellers. His approach includes assigning contracts, flipping land for profit, or seller financing to maximize returns.
Resources: Brent shared resources like his postcard template and land offer letter on his website for those interested in land investing.
Overall, Brent's journey in land investing demonstrates the importance of continuous learning and adapting strategies to find success in the real estate market.
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