All Forum Posts by: JJ W.

It seems that there is no competition like they say. I believe this is an extremely inefficient market. You can find plenty of sellers that have no buyers. Your average seller has no idea how to sell a piece of raw land and I believe there are plenty that are not highly motivated by money and just want to be rid of the land. You see this in all markets. Most people sell their car to the dealer for 30% of what they could get on craigslist for the convenience factor even when they know they could get more if they sell it themselves. There is your 300% markup that Mark says is normal.

I will warn you that it is probably more work than you think it is. When I first got interested in this I imagined the scenario like this: send letters, send offers, watch the checks roll in. There are quite a few steps in between that I believe will become automatic eventually but are rather cumbersome when you start out.

I have sent out two lists of 100 letters each and I have seen a 1% response rate. I think my list is poor because this is about 1/10th of what everyone says to expect. From that I have not had any good leads.

Good luck. Share your successes and failures.

Thanks.

I bought the course and I can tell you that there isn't a lot in there that you cant figure out from Seth William's awesome blog www.retipster.com along with other business and organizational material.

So on the minus side it costs money and doesn't have a ton of information you can't find elsewhere.

On the plus side, its all right there, its well organized, it tells you step by step how to create lists, write copy, acquire property, sell property, etc. If you are just poking around and not too serious, go to retipster and learn more. If you are extremely self motivated you can go ahead and figure it out from retipster and asking questions on BP. The course holds your hand a little bit but you are still going to have to figure a lot of stuff out and work hard. It is encouraging as well, and you will get email updates that help keep you on track to get a deal done. I have had it for a few months and I have sent out one list and had a poor response rate. Im working on my second list now.

I think the best investment you can make is in education. If buying the course means the difference between actually doing a deal and just poking around, the course is worth it. If you are willing to forge on and figure it out yourself, do that.

I have also taken it and I agree with Jake H. that you can learn almost everything you need to know regarding land at reitipster.com. 

The Land Geek course is not bad, but it is a bit disorganized and it also leaves you feeling as if you paid a lot of money for information that you easily could have found for free or deduced on your own using common sense. 

I dont know that particular course, but in general, the way that I look at courses is that they are designed to shorten my learning curve.  I have spent in excess of 100k on courses, I am a course junkie.   If I spend 1500 on a course, I anticipate that the technique contained will make me at least 3000.   Once I have that technique mastered, nobody can take that knowledge from me. With a few exceptions, I have made more money because of these course than they have cost me.  As for state specific info, all guru course are general info.  It is your local RE attorney who can modify your contracts to be legal in your area.

 Education is expensive, but ignorance is much more expensive.  There is a reason that I can out deal any investor in my city. 

to your success

Josh