DNRE95 - Seth Williams: Make a Living and Achieve Financial Freedom with Land Flipping

Here’s a snapshot of a few things we talked about…

•         How Did He Get Started in this Game? [00:01:32]
•         Where Did He Learn About Land Investing? [00:06:17]
•         When Did He Land His First Deal? [00:07:08]
•         How Being Part of a Group Helped Him During His Earlier Years? [00:08:34]
•         How Does the Land Flipping Business Actually Work? [00:11:38]
•         Does He Think that We Will Run Out of Land to Invest? [00:16:56]
•         Can You Make a Living and Achieve Financial Freedom Through Land Investing? [00:19:42]
•         How to Price the Land When Making an Offer? [00:24:42]
•         Who to Sell Land to and Where to Find Buyers? [00:27:20]
•         How Much Do You Have to Utilize Relationships When You're Doing Land Investing? [00:31:16]
•         Where to Look for Good Land Investing Properties? [00:34:04]
•         Assignment Deals Vs. Buying it for Yourself [00:36:38]
•         One Thing He Wishes He Had Implemented Sooner to Accelerate His Journey? [00:40:11]
•         Books that Have Helped Him in His Real Estate Career [00:41:52]
•        

In This Episode You’ll Learn:

In this episode, Casanova talks with Seth Williams. They discuss how you can be niche in real estate, make a profit, and at the end of the day, make a living out of it.

Key Quotes:

•         “With land, you can get a lot of the information you need to from Google earth and other databases, you don't have to get inside a house to inspect it…”
•         “You find the formula that works, and you stick to that plan, and in time the leads come, and the deals come…”
•         “If you can find a good group of people, it can be hugely instrumental…”
•         “The thing about the land business is that it is simple, but it's not easy…”
•         “You just have to take that leap of faith and acknowledge that it's possible I could spend money on this and get nothing back in. I have to be okay with that, and because if you're not okay with that, then you'll never get anywhere because you'll never take the risk and do it…”
•         “Of all the land in the US, only 3% of it has actually been developed and that 3% is what every other household seller and real estate investor is fighting over, where the land investors have this other 97%...”
•         “Make sure the offer is super low, because if you end up being wrong, there's still a really big buffer of protection in there, based on that profit margin you built in for yourself…”
•         “If you can think of places that just have intrinsic value that people really appreciate and are drawn to, that can be a good hint in terms of properties that are probably going to sell a little bit quicker there…”

Links/Resources:

•         retipster.com
•       https://www.youtube.com/channel/UC4f3qDE9qKqoRy5_9R6y_pw
•         Rich Dad, Poor Dad by Robert Kiyosaki
•         Atomic Habits by James Clear
•         Dare To Lead by Dr. Brené's Brown
•         Clockwork by Mike Michalowicz

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