Land Academy - Land investing

Member since 2020 · 3 posts · 1 vote

What's up, y'all! On the fence about joining Land Academy. Are any of you current members/ have experience with their program? Would love to hear your thoughts on it!

Thanks in advance!

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Darald Berger

Specialist · Leander, TX · Member since 2016 · 30 posts · 38 votes

Howdy Reid, I'd be happy to talk to you about Land Academy and my experience with them.

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Darald Berger
Specialist · Leander, TX · Member since 2016 · 30 posts · 38 votes
6y
Howdy Reid, I'd be happy to talk to you about Land Academy and my experience with them.
4 Reply
Andrew Wright
Member since 2020 · 67 posts · 27 votes
6y
Hi @Reid H McKee and @Darald Berger since this post any feedback on the land academy. I've been looking into joining them.
4 Reply
- Mike Zaldivar
  Member since 2023 · 3 posts · 0 votes
  6mo
  Quote from @Andrew Wright:
  
  Hi @Reid H McKee and @Darald Berger since this post any feedback on the land academy. I've been looking into joining them.
  
  They are the worst, the organization is sloppy and they don't honor their promises.
  0 Reply
Trevor Land
Flipper/Rehabber · Member since 2021 · 8 posts · 6 votes
5y
Hi @Reid H McKee and @Andrew Wright,

Sorry this is quite a bit late. I started off my investment journey in land and signed up under RETIPSTER, I thought it was a good program and I went through all the tutorials to get started in about a weeks time.

I haven't tried Land Academy, but I have heard some good things from other land investors. I hope that helps, feel free to shoot me a message if you have any questions about land.
2 Reply
Cory St. Esprit
Investor · Pittsburgh, PA · Member since 2023 · 109 posts · 58 votes
3y
Quote from @Trevor Land:

Hi @Reid H McKee and @Andrew Wright,

Sorry this is quite a bit late. I started off my investment journey in land and signed up under RETIPSTER, I thought it was a good program and I went through all the tutorials to get started in about a weeks time.

I haven't tried Land Academy, but I have heard some good things from other land investors. I hope that helps, feel free to shoot me a message if you have any questions about land.

2 years in - how is that journey going? I'm looking at the various courses. Been a lurker and listener for about 6 months. Just haven't pulled the trigger yet on any one course.
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Account Closed
Member since 2023 · 1 post · 4 votes
3y
I do not recommend it. First of all, they don't teach you anything that you can't find it on YT for free. Also, they use dated formula for comping land values that do not work. Finally, they promise you to refund your money within 90 days if you're not satisfied. But, they do not follow through on this promise. Based on what I heard from others Land Academy is worthless. Use the money towards your marketing.
4 Reply
Aimee Fisher
Rental Property Investor · Chattanooga · Member since 2022 · 22 posts · 37 votes
2y
Quote from @Darald Berger:

Howdy Reid, I'd be happy to talk to you about Land Academy and my experience with them.

HI Darald Berger I am trying to decide if jumping in and buying land Academy or Land geek program is a great idea. I am concerned about timing yes people will always buy land but builders and developers lots are going much slower with high interest rates fewer can afford to buy. Can you tell me how this is affecting land flipping. I have asked this to the guys selling the programs but frankly I don't trust them. There answers are vague and seem to be glossing over the truth but maybe its not much harder?
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Chris SeveneyBusiness Member
Moderator
Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
2y
Quote from @Aimee Fisher:

Quote from @Darald Berger:

Howdy Reid, I'd be happy to talk to you about Land Academy and my experience with them.

HI Darald Berger I am trying to decide if jumping in and buying land Academy or Land geek program is a great idea. I am concerned about timing yes people will always buy land but builders and developers lots are going much slower with high interest rates fewer can afford to buy. Can you tell me how this is affecting land flipping. I have asked this to the guys selling the programs but frankly I don't trust them. There answers are vague and seem to be glossing over the truth but maybe its not much harder?

Will not comment on training but just realize during bad economic times land depreciates the fastest and is the most illiquid. Why? Because people cannot pay the bills on the land and it generates nothing, so that is what they walk away from. Just remember that. After 2008 I bought land that was $100k prior for $8k - $15k.
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Darald Berger
Specialist · Leander, TX · Member since 2016 · 30 posts · 38 votes
2y
@Aimee Fisher Most land investors don’t deal with infill type lots like what you described.

@Chris Seveney has some good advice on the current market.
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Seth WilliamsPro Member
Specialist · Grand Rapids, MI · Member since 2012 · 583 posts · 353 votes
2y
I had a similar experience to @Chris Seveney when I got into the land business in 2009. From an acquisition standpoint, it was awesome. It was common to buy land for 10-20% of what it had been selling for just a year prior, sometimes even less. It was the easiest I've ever seen to buy land at a discount in any market I tried. There were a lot of motivated sellers for every property type, especially vacant land.
On the selling side, as you might expect, it took much longer to move inventory. Everything would sell eventually, but I usually had to list it at 50%-60% of 'market value' (what it had been worth before the crash), which meant it was very important to buy it at a huge discount in the first place.
Even when listing most vacant lots at a discount, the average time on the market was 6 - 9 months. If it was an amazing piece of property and/or if I offered seller financing with great terms and I marketed it well, it could sell in 1 - 3 months.
I'm not sure if we're heading into another 2009, because that was a very extreme downturn, but over the past few years, most people I know have been offering a minimum of 40% of market value for land right, with many of them going even higher. This is fine when values and demand are rising, and things are selling quickly. It can also work if you're planning to do an option, assignment, or double closing, because you're not taking on the risk of holding the property for an extended period, but if things continue slowing down (thank you, high interest rates), you'll want to be very careful about how much you're offering, especially if you stick to the straight flipping model, where you take title to the property and don't make any improvements to force appreciation.
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Edgar U.
Real Estate Agent · VA · Member since 2008 · 420 posts · 175 votes
2y
I am a full time land investor and been doing it for 5+ years. Here is my take.

If you are good with being persistent, this will be key in your future success with land or any other real estate venture for that matter. Be persistent with mail and try sending out volumes of mail every month and you could start with 1k and move slowly to 5k mailers.The mailer rate in the land space is getting saturated, so you may hit mailers of 5k and not get a single deal. Then you have to do another mailer and do another 5k. The model works, and it's all about consistency at the end.
Send me a PM if you'd like to discuss!
2 Reply
Racheli Ta
Member since 2019 · 3 posts · 0 votes
2y
@Edgar U. if 5K mailers give you nothing, don't you believe there should be another way to go about it?
Any thoughts about mailers? @Seth Williams
0 Reply
Edgar U.
Real Estate Agent · VA · Member since 2008 · 420 posts · 175 votes
2y
@Racheli Ta yes, one could do SMS, cold calling, etc. As of right now, a lot of land investors are moving to lower cost marketing like cold calling instead of mailers.
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