Land Academy Program - Day Three
Introduction
- Presenter: Jill from Land Academy
- Date: Day 3 of 3-Day Course
- Overview: Jill talks about live streaming issues and checks in with the audience about their progress and how they're coping with the pace of the course.
Background Information
- Presenters: Jack and Jill, founders of Land Academy
- History: Jack started in the 1990s, Jill joined in 2009. Land Academy was founded in 2015.
- Objective: To educate and create partnerships for real estate investments, primarily in land flipping.
The Program Overview
- Day 3 Focus: Using data to make smart decisions in land investment
- Structure: Presentation with slides, Q&A sessions, and guest speakers
- Housekeeping: Mention of recordings being available, importance of rewatching for better understanding
Key Points from Presentation
Importance of Data
- No guesswork: Use data to inform decisions, no dartboards or relying purely on gut feeling
- Considerations: Areas to pick, where to send mail, how to price mail
Trolling for Data
- Sources: Zillow, Realtor, etc.
- Metrics: Properties for sale and sold, days on market, and comparisons between active and sold listings
- Example: Demonstration of trolling through Arizona ZIP codes
Using Assessor Data
- Data Source: Data Tree is the preferred choice
- Benefits: Provides Nationwide access, comprehensive data compared to services like PropStream
Pricing Strategy
- Steps: Create criteria, scrub data, solve for missing data, test for reasonable offers, and establish an offer price
- Goal: Double the investment, sell quickly
Outsourcing Support
- Services: Transaction coordinators, mailer scrubbing, mailing services
- Role of Investors: Key decisions like picking mail areas, final offer price, and deal approval
Guests: Carl & Samantha
- Background: Real estate and land investment practitioners who transitioned full-time into land investing after joining Land Academy
- Experience: Discussed their journey through Career Path program and the benefits they’ve gained, including the freedom to work remotely.
Special Offers for Joiners
- Promo Code: BOSS
- Incentives: $500 off, 2,500 free Data Tree records, a VIP coaching session for the first 10 joiners
- Land Giveaway: Two properties awarded, random drawing for members joining within the promotional period
Upcoming Topics
- Next Session: How to handle inbound responses from mailers, conducting due diligence, identifying good deals, and more.
Converted to markdown format for readability and easy review.