On this episode, I sat down with Brent Bowers to speak about how he advanced from land flipping into constructing cell house and land packages that yield large returns.
We talk about cell house seller licenses, setup nightmares, the best way to safe higher pricing, what sorts of vacant heaps do (and do not) make sense for land/house packages, and why cell properties could be the strongest inexpensive housing play in immediately’s market.
Brent additionally breaks down his mild industrial leases, how he finds personal cash, and the way younger traders can begin constructing wealth immediately, even from their dad and mom’ basement.
Hyperlinks and Sources
Key Takeaways
On this episode, you’ll:
- Be taught why including a manufactured house to a land deal immediately opens the door to a a lot bigger and extra critical purchaser pool.
- Hear how Brent breaks down the true prices and timelines behind land + house packages, together with the steps that decide whether or not a mission succeeds.
- Perceive which early errors value him essentially the most cash and the way he rebuilt his course of to keep away from repeating them.
- See how he constructions financing and personal lending to fund these builds lengthy earlier than a financial institution is keen to step in.
- Discover out the precise standards he makes use of to decide on heaps that work for this technique and the crimson flags that make him stroll away instantly.
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In regards to the writer
Seth Williams is the Founding father of REtipster.com – an internet group that gives real-world steerage for actual property traders.
