All Forum Posts by: Account Closed

@Kristie Eddy The business model could technically work in any county, but it's most effective in about 50-60 specific counties. There is a list of counties that are proven to have worked and they are included in the LG program. The problem is most people are afraid to go where the competition is so they choose a county that is not proven to produce consistent deals and they quit because they either cannot buy or cannot sell. 

That would be the most crucial piece to this business, finding a county that is easy to buy and easy to sell. 

Hey Joe, looks like you already made a decision. I know folks who started with Land Academy and went to Land Geek and vice versa. The models are 90% the same. The 10% is the community and tools available. I myself went with Land Geek and have had considerable success. It's a great community.

Hi Sara and the rest of the BP community. Disclosure: I am on the Land Geek Team. There hasn't been much activity on this thread but there have been hundreds of folks that gotten into Land investing through The Land Geek community. I myself am one of them. I burned the boats, jumped in, and over 9 months replaced my wife's income so she can be at home with our son. There are many more stories like this. And like any business, there are challenges and block walls along the way. Going it alone can be daunting. So I will always suggest getting education and getting plugged into the community will solidify your odds of success. Search on Facebook for The Official Land Geek Wealth Creation and Motivation Group. It's free and you'll be able to see the success others have had with this business model. The cost of the course itself has 2 prices as of 7/1/2017. The physical copy of the course is $1,997 and the Digital Access is $1,747. If you send me a DM, we can talk more in depth to see if land flipping is right for you and if our community would be the best fit as well. There are some discounts available too so we can see if you qualify. I've been doing this for 14 months now and have gotten to 7K/month. But more than the money, I am after the freedom. I will be quitting my construction job in December 2017. Can't wait to have even more time with my family!!!!!

Perhaps I just did not explain myself well enough. I do not think that providing financed cabinetry would yield me any equity in a deal.

The goal of providing financing would be for me to increase sales, increase profit and build my cash reserves. (I do not want to be over leveraged when we break into flips of our own partnered with one of my general contractors.)

I know that contractor provided financing works well when I sell to home owners, I was just wondering where and how that could fit into the flipping market. 

I've had an idea running through my head for a few days now. I would like your feedback. I am a custom cabinetry sub-contractor in Los Angeles that has been part of several high end flips. And by part, I mean that I was hired by a general contractor, I had no skin in the game. 

I've haven't lead any flips but I have learned that funding is usually the key component for a deal. 

For my high end Los Angeles flippers, or flippers anywhere out there, would you be more likely work with a custom cabinet contractor if they financed their own end of the deal?

Our jobs usually range from 15K-75K.

And if you as an investor would be more likely to work with a subcontractor that financed their own work, what type of interest rate do you think could be commanded? Equivalent to traditional financing or hard money rates?

I appreciate any feedback as I am just trying to find another way to provide creative financing in exchange for more work for my company.

I wouldn't go to college. Definitely house hack a fourplex and be an independent construction inspector.

Answering the phone may be your biggest advantage over competitors. This goes for any type of business. Just last week I needed to hire a glass company. I called 4 companies. The 1 company that answered the phone got the job. Timing is important and I don't want to wait for a call back. I would say not being afraid to talk to people is a top 5 quality in a business owner.

Hello All! My name is David Banales. I've been listening to all the podcasts from the beginning and am on episode 15 as I write this post. I am excited to have discovered Bigger Pockets. One common thing I've heard consistenly on the podcast is that to be successful you just have to be honest and open and not shady. I feel like my Dad has been preaching that my whole life and he's been right. 

I am a licensed Cabinet Maker and I know my experience in construction will lead me towards a fix and flip business and a buy and hold strategy as well. I just have to figure out how best to approach the expensive city of LA.

I can help anybody here with questions about cabinet making or kitchen design. I hope to get to know some of you very soon!