Land Academy Day 5 Recap

Introduction

• Speaker acknowledges minor glitches in the online session.
• Expresses excitement and readiness to answer questions.
• Main focus of the day: Land Academy and its functionalities.

Setup and Environment

• Brief discussion about the camp setup and broadcasting equipment.
• Humorous note on what campground people might think about the setup.
• Mention of Canon camera and past experiences of using tablets/phones for live sessions.

Selling Land Fast and Securing Funding

• Discussion on the challenge of needing funds quickly for land deals.
• Emphasizes resilience in real estate and parenting.
• Housekeeping notes: replays available until Tuesday night.
• Encourages interaction and questions.

Funding Your Deals

• Options for Funding: Your Money, My Money, Our Money

  • $5,000 vs. $50,000 deals and scenarios where additional funding is needed.
  • Partnerships and Collaboration: Utilize other members' funds; details on setting up escrow quickly.

• Procedure for Seeking Funding: Discord and Direct Messages

  • Details on presenting deals in the hidden Discord channel.
  • Differentiates between wholesale and true ownership methods.
  • Discussion on doing due diligence, getting deals into escrow, and benefits of having them funded by community members.

Real Estate Wholesaling

• Explanation of why they don't recommend wholesaling (locking deals via contracts without funds).
• Reasons Against Wholesaling:
  • Potential issues with sellers.
  • Limitations on listing properties on some websites.
  • Lack of broker cooperation.
  • Legal restrictions in some states like South Carolina.

Using Real Estate Brokers

• Pros of Using Brokers:

  • Operational efficiency; brokers handle listing, photos, drone shots, and buyer interactions.
  • Larger Volume Outreach: Brokers can handle more listings than an individual.
  • Focus on Higher Value Deals: $100,000+ properties attract brokers.

• Cons of Selling Yourself: Time and effort-intensive

  • Listing Management: Handling inquiries, calls, price negotiations, etc.

Success Stories and Experiences

• Mike Homman: Journey from rental properties to land deals and beyond.
  • Explained various funding options he used early on (own money, partnerships, hard money lenders).
  • Diversified into cabins, mobile homes, and mineral rights.
  • Advocated for sticking with land for consistent revenue and exploring other ventures for growth.
  • Discussion on becoming a licensed realtor to handle properties directly.

Land Academy Membership Details

• Comprehensive Benefits: Education programs, tools, support, data access, and community resources.

  • Immediate access to education programs and tools upon enrollment.

• Cost Breakdown: Initial signup fee, monthly membership, and discounts on data.

  • Cost-effectiveness for members due to shared resources and credits (e.g., 1,000 record credits worth $100 monthly).

• Additional Incentives: Free properties, VIP group chance, deep discounts on essential tools and data packages.

Announcing New Personal Coaching Program

• Designed for intensive personal guidance and support.

• Features of the Program:

  • Bi-weekly one-on-one calls.
  • Dedicated email and Discord support.
  • Monthly group sessions with experts and masterminds chosen by participants.
  • Special sessions for deep dives into advanced topics.

• Enrollment and Fees

  • Small initial group (10 people).
  • $3,000 per month with an option for annual payment.
  • Aimed at tailoring experience and addressing specific pain points (due diligence, data analysis, sales strategies).

Q&A and Wrap-Up

• Answered common queries about funding splits, typical deal flow, and partner involvement.
• Encouraged booking consultation calls for personalized advice.
• Announcement of an additional Q&A session on Monday.