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On this episode, I sit down with Steve Hokanson, a land investor and founding father of Thacksland Books, and one of many few individuals who has seen the precise numbers behind dozens of land investing companies.
Steve gives fractional CFO and bookkeeping providers to land flippers, which provides him a front-row seat to the actual revenue margins, greatest errors, and shocking truths in our business.
We talked about:
- Why 40% of land traders are scaling again or quitting.
- The place individuals overspend (and do not even notice it).
- Methods to do vendor financing the proper means.
- The silent bills that destroy your margins.
- What separates probably the most profitable land flippers from the remaining.
If you happen to’re attempting to develop your land enterprise and wish to keep away from costly errors, or if you’d like a real looking have a look at the present land investing panorama, that is an episode you don’t wish to miss.
“I’d by no means spend money on a non-public fund once more… I watched somebody go to jail.”
“Essentially the most profitable land traders are those doing all of it themselves with low overhead.”
“You’re not alone. Everyone seems to be discovering it more durable to do land offers proper now.”
Pay attention in as we hear about what a land investing bookkeeper has seen from dozens of shoppers over the previous a number of years, together with what’s and is not working for individuals proper now.
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Concerning the creator
Seth Williams is the Founding father of REtipster.com – a web based neighborhood that provides real-world steering for actual property traders.
