In today’s show, Team Land Geek is going to answer a question that gets asked often and that is, how much money do I need to get started in this business?
The entire gang joins Mark today to give you a wide range of answers.
- Scott Bossman
- Mike Zaino
- Mimi Schmidt
- Erik Peterson
- Tate Litchfield
- Scott Todd
So, how much money do you need to get started and there’s a second part of the question, when should you start raising capital?
With answers ranging between 500-5,000, the team dives into their own beginnings and how much capital they started with and when it was time to raise more money.
All agree that you can start with too much capital but with all the options and creative ways available to purchase property today, you can start with little to no money to buy property and the only money you really need up front is for the mailings.
Listen in to find out that hard number Mark pressed the team for in order to get started, along with:
- How many weeks for mailing you should have enough money for
- Different options for buying land at little to no cost
- How too much capital can hurt you in the long run
- Should you factor in education
Knowing what you’re doing will not only give you that confidence to keep buying land, but it will teach you what to look for and what makes a good county.
Then, with all the talk about the many purchasing opportunities available for land investors today, thanks to the original land OG himself… who had to walk up the land investing hill… both ways, it had Mark feeling a little pained so he looked to the group for a little compassion.
Did he find it? Probably not, but it was all in good fun!
And finally, did you think the debate over reclining airplane seats was over?
The battle rages on this week and leads to another debate over shoes or no shoes, in your home and in others. When do you enforce it in your own home and should it be an act of courtesy in others, or do you insist even when the house rules are no outside shoes inside.
TIP OF THE WEEK
Scott Todd: Check out TOSDR.org—It addresses one of the biggest lies on the internet, “I have read and agree to the terms.” This website gives you a summary of those terms that you are agreeing to.
Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?
The post How Much Money Do You Need To Get Started In Land Investing? appeared first on The Land Geek.