Newbie - Desire to be a successful Land Investor

Newbie - Desire to be a successful Land Investor

Member since 2020 · 4 posts · 0 votes

I am a Newbie REI / Land Investor (still haven't done my 1st deal). I started out with Tax Lien and Deed Interest and got a mentor for several weeks who walked me through several processes navigating county sites (thankfully). I knew I would start with Land as I saw it as a less risky investment. Since then, I have gained more and more interest in doing Land Flipping full time. I have sent out a few mailers but no bite as of yet. I also invested in a course and a little disappointed with the support. At this point I've invested about 4K + and questioning what I'm doing wrong. I'm not sure if I'm being impatient. I am 100 percent dedicated to working this business Full time. I follow some groups of Facebook and a few days ago I put up a post regarding my mailers (and lack of response) and had someone state they DON'T do direct mail and to think outside the box. It definitely triggered me to thinking and wondering what else could be done to do this business (Land) and scale quickly. I was wondering do any land investors do skip tracing and then text messaging blasts? I don't have a whole lot of money and dont want to keep investing without seeing a return. Any tips and /or advice is really appreciated.

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  • Investor · Nashville, TN · Member since 2019 · 95 posts · 65 votes
    6y

    Hey Lisa, sorry to hear your struggles. While some courses are okay, I would say stay away from courses and instead get hooked up with someone in your market who wholesales or at least finds their own deals to flip / develop on. I personally don't use direct mail, but I hear it takes a pretty large budget to do it successfully. I would definitely look at cold calling or texting as a better option. Also, if you're looking for more affordable lists and/or skip tracing, I can help. I have an in-house data guy that pulls all of my lists and skip traces them. We recently started offering it out to other investors after seeing the struggle of finding good data that isn't crazy expensive. Feel free to reach out with anything I can help with. I have a soft spot for beginners because I was there not too long ago. Also land development and acquisition is the biggest part of my business so feel free to pick my brain. Cheers!

  • Real Estate Investor · FL · Member since 2011 · 586 posts · 360 votes
    6y

    Hey @Lisa Raposo I'd suggest checking out @Seth Williams and what he has to offer for land investing. He gives a ton of free information on his blog that could really help fuel your start. A "few" mailings, as you said, aren't going to get you going. Direct mail is a numbers game and in my experience, it takes 4-5,000 mailers to land a deal. That's based on houses, so vacant land might be less but I wouldn't give up if you haven't already sent several thousand pieces. 

    You can do this, don't give up! 

  • Member since 2020 · 4 posts · 0 votes
    6y

     Hey Will..Thanks for your post response. I definitely hope to connect with other Investors in the field. Right now as a newbie there is a huge learning curve. For people your texting where are you finding leads and are you using a script? I would like to test this approach as well. Of course whatever I can do that is scalable I am willing to try. Since I am new I do want to learn all aspects of the business before out sourcing. Please share your tips. Much appreciated.  

  • Member since 2020 · 4 posts · 0 votes
    6y

    Braden, I appreciate the encouragement! I started out listening to Seth and against my better judgement didnt take his course and invested in a different one. Im on information overload and ready to execute. Curious as to how you learned the business? 

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