ฝัง
- เผยแพร่เมื่อ 12 ส.ค. 2024
- Show Notes: retipster.com/131
Matt Peterson has clearly found his stride as a land investor.
Matt started as a part-time land investor back in July 2016 and in his first year bought 72 properties and sold 54 of those, half for cash and half on terms.
In January 2019, he pulled the plug on his corporate job in project management for a Fortune 20 engineering & consulting firm in Houston to take on land investing full-time. To date (as of May 2022), he has 2 full-time employees (1 full-time W2 employee & 1 full-time commission-based employee) and a few VAs as well.
The fun thing about talking to people like Matt is that it’s a great reminder of how everyone is a teacher. Matt has a lot of unique experiences in his business and he knows things that I don’t know and you probably don’t know either! In this conversation, we’re going to learn everything we can about how he found his success.
00:00 - Who is Matt Peterson?
02:03 - What made you decide to get into the land business?
06:43 - When you were getting started, where did you get your lists from?
07:38 - What kind of volume are you doing today compared to your first year?
10:56 - What roles do your employees serve? What kind of work is left on your plate versus their plate?
13:16 - How does your selling process look like?
14:27 - Which listing websites generate the most traffic for you?
15:28 - Photos sell your properties: What are Matt’s best practices to get good photos?
17:51 - How expensive is it to hire a typical drone photographer for your properties?
19:45 - What role does seller financing play in your business?
21:34 - How do you manage all of your business activities?
23:41 - Would you rather increase volume or increase your price point?
25:23 - Is there a CRM system you're looking at that might be a good fit for your size business?
26:09 - What are your most remarkable deals that stand out from the rest?
30:41 - Blind Offers: How much mail do you send out?
33:18 - How do you decide how much money to take out of your business to live on?
35:04 - When did you decide to quit your job and get into the land investing business full time?
38:05 - Have you ever lost money or broke even on a deal?
39:16 - Is Seller Financing a good idea?
40:55 - How are you collecting payments?
42:36 - Looking ahead in the game: Do you want to evolve into a different type of real estate or business?
47:18 - What are some of the big surprises and lessons you learned in your land investing career?
50:02 - Do you fund people's land deals?
51:03 - The pros and cons of funding people's land deals
53:52 - What would you say to someone who wants to get into the land investing game?
56:03 - How Matt showed up on Seth’s radar
56:48 - What is your biggest fear?
59:34 - What are you most proud of?
01:01:50 - What are you going to do if you just got $100 million wired to your bank account and you're not allowed to stay on your current career path?
01:03:20 - How to reach out to Matt?
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Thanks for having me on Seth, great to FINALLY talk with you!
- Matt Peterson
Likewise! We'll have to do it again sometime!
Genuine guys talking here...
Really loved your comment on CRM. Yes it does take lot of time understanding new system and if you are comfortable doing with pen & paper on small scale... It’s 👍
Thanks for watching! I'm glad the conversation resonated with you.
@@Retipster Of course! You are a "no frill" guy & so are your visitors!! That's why It resonates, I guess with all of your regular viewers. Keep sharing knowledge
When you finance and they break the rules with the city what do you suggest?
What rules did they break?
@@Retipster Wrong size structure.
Great content Seth!
Thanks, Ron! Enjoying your channel as well.
I really love your content seth, this is a unique way to do it! For me it is great especially because I'm learning RE and pronunciation which is great unfortunately this video doesn't have captions
Note:
Wao after few hours captions came on, Thank you so much I greatly apreciatte it, I'm glad I found you
AWESOME!!!
Thanks for watching! Sorry about the missing captions. If it's helpful, you can find a written transcription of the whole conversation in the show notes at retipster.com/131
@@Retipster awesome thank you very much!!!
Matt’s a stand up dude. Keeps it real.
Totally!
Thanks Curt!
He mentioned the first course he took that didn't work well. But I missed the second course that worked great. Do you happen to know which one that was?
I believe it was Land Academy, but you'd have to confirm with him.
Yes Seth is correct, it was Land Academy.
This is a good one RE
Hi Seth! I’m “newborn”on the business. What do you think about resident vacant auction? Do you invest in Arkansas? Is it good place? How can I get in touch with you like, couch or something? 😁
Hey David! I haven't done much in Arkansas, so I can't speak to that, unfortunately. If you're looking for coaching help, you can find a great list of coaches here: retipster.com/coaching
@@Retipster quick answer! Thank you!!!!!
I keep reading about people grabbing multi-figures monthly as incomes in investments even in this crazy days in the market, any pointers on how to make substantial progress in earning? I would appreciate.
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate, crypto or stocks.
Crypto is bringing a different revolution in the world economy. People who are optimistic investors earn consistently.... Others will just sit and watch!.
I really don't trade, I only invest with a professional assigned by a crypto company that trades for people and returns profits on weekly basis for me and you can invest your capital and get weekly Returns of investment (ROI) without any extra fees attached.
@@karimdarcy5533 Do you have any recommendation?
@@Nueldelavega The professional is Ms Vincent Diana🔥
Ultimate skill- Create something from nothing!
Agreed, that is quite the skill!
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