How to Earn 10-100x Returns in a Really Surprising Flipping Niche.
ฝัง
- เผยแพร่เมื่อ 18 ก.ย. 2024
- How do you turn a parcel of “junk land” into a profitable investment?
We’ve talked about flipping products for a profit and real estate investing before. We’ve even talked about land investing.
But never like this.
Wayne Seminoff from JunkLandIntoGold.com specializes in finding unloved, unbuildable lots - then he fixes the issues - and resells them for up to 100x his initial investment.
Tune in to Episode 629 of The Side Hustle Show to learn:
**how Wayne flips junk land into profitable property
**how to clear title issues and solve access problems
**how to turn unbuildable lots into valuable assets
IMPORTANT LINKS AND RESOURCES:
** If you make a purchase through my links, I may receive compensation. **
👉 Full Show Notes and Text Summary: www.sidehustle...
👉 JunkLandIntoGold.com: www.junklandin...
👉 Bid4assets.com: www.bid4assets...
👉 RealAuction.com: www.realauctio...
👉 Book: Junk Land Into Gold: www.amazon.com...
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Thanks so much for tuning in!
$1000 for a lot of land is an extremely rare find. That’s like playing and winning the lottery.
Yet he’s done it 40 years so definitely not a one-off success story.
Sounds like the ones he's losing on, he's not just losing the cost of the land of $1k or whatever but also the several (tens) of thousands in legal fees (survey, title search, variance requests). Still sounds viable for sure, but maybe the downside isn't quite so apparent since it will exceed the cost of the land significantly many times.
I would love to know what he does with all the vacant land I see for sale that's on the side of a cliff, in a swamp, has wetlands on it, in a flood zone, next to a watershed pond, or has neighbors encroaching deeply into the property line. That's like 90% of the cheap land I see personally.
BTW - your questions are great. Your guest was great and you pushing back a little with logical but reasonably skeptical questions was awesome. Nice job.
Thanks for watching! Such a random side hustle with an element of treasure hunt / diamonds in the rough / turning trash intro treasure. Definitely made me want to take a look at the local tax sale listings though!
What does He do with the loser properties ? ( The 80% )
Probably sells them cheap or lets them go on a tax sale
@@mrt9749 would like to know if he loses $$ when " taking out the trash "
Yes I believe that’s what he mentioned in the interview.
😮