Land deals are considered especially difficult due to the up front associated costs, but these investments are very lucrative if handled correctly. Our guest this week is part of a group that owns 2000 acres in 4 different states combining unique investing and development strategies. Why is raw land so much more lucrative than residential property? How do investors make money from land acquisitions? What is the secret to finding money to fund these deals?
On this episode, Enigma Mastery Group partner, investment coach, business coordinator, and speaker, Jon Lee shares his insight in investing in land based real estate.
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The less developed the piece of land is, the higher the profit potential. – Jon Lee
Raw land is the most lucrative form of property for investing
Everything in real estate investing trickles down from raw land. Most investors develop a concept and then search for an adequate location. With raw land deals, the first step is finding available land from owners who are willing to work with land investors, and then developing a concept.
Investment Value of Built Up Property vs. Raw Land
An existing property on a piece of land can only be repurposed in so many ways. With something that already exists, your profit margin may only be about 20%, whereas with an undeveloped piece of land, the profit could be up to 1000%.
Success requires a change to get to the next level
To increase our net worth, we have to connect with the people that have already achieved in our markets. That means we have to shed old beliefs, things and people that are holding us back.
Jon Lee is a partner, investment coach, & business coordinator in the Outback Real Estate Investment Network which has now transitioned into the Enigma Mastery Group. The Enigma Mastery Group’s mission is to help small business owners, entrepreneurs and corporate executives think and act like billionaires.
To get in touch, send a text to 702.518.3652.
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