Category: Real Estate Podcast

Episode 247 – Do You Keep The Earnest Money?

Episode 247 – Do You Keep The Earnest Money?

Sometimes there’s a narrow road splitting the difference between what’s right and what’s wrong and the Real Estate industry is no exception to this. It doesn’t seem to matter who you are either, at some point you’re gonna be put in a situation where you’ll have to make a decision and either yourself or someone else is going to take a loss because of it. We were actually just put in this situation on the sale of some land where the seller backed out long after there option period was over and they asked for their money back. So what do you do? The properties been off the market for several weeks at this point and the buyer is well aware of what happens when you back out of a contract after a certain time frame. Then there’s the whole other part with this regarding someone being sick. So, what did we do? You’re gonna have to listen to find out.

Episode 246 – Does Success Wear a Suit?

Episode 246 – Does Success Wear a Suit?

What does a successful person look like to you? Are they covered from head to toe in designer clothes? What about a custom suit? Maybe their wearing board shorts and a tank top on the beach. Everyone’s idea of what it looks like when you’re successful is different and the truth is you can never really know what someones financial situation is by looking at them. The person in the custom suit may be living paycheck to paycheck just to keep up while the person on the beach could live the rest of their lives without ever working again. It’s truly interesting to hear and think about what others equate success to which is why we’re gonna talk about it today. What do you think? Are you tempted to spend money on excess or could you be comfortable living under the radar?

Episode 245 – Is Cash King?

Episode 245 – Is Cash King?

With so much going on in the world right now there’s an uncertainty of where the Real Estate market is going. In our business, things are selling like hot cakes and the demand for Rural Land has never been higher. Everywhere you turn though you hear about the massive amount of people who are unemployed and as we know, unemployed people aren’t buying real estate. So what do we do? Do we slow down or increase our buying? Do we hang on to our cash or do we use our cash to buy more properties? What about borrowing money, is this a smart time for that? Join us today as we talk about this and what we’re doing in these crazy times.

Episode 244 – Hot Lead vs Actual Offer

Episode 244 – Hot Lead vs Actual Offer

In our business sitting on a property could mean opportunity missed on another deal because your capital is tied up in the deal you’re sitting on. So when an offer comes in, even if it’s not exactly what we wanted we’ll seriously look into it. Especially if we’re still going to make really good money. This exact thing happened to us this past week. We got an offer on a property where we stood to make a really good return however it was definitely well below what we wanted out of it. This was a buyer that found us outside of our Realtor so when we broke the news to her she immediately said that we shouldn’t have taken it because she has a really hot lead who would pay more. The problem with this is that we had an actual legit offer in our hands and not the hopes that we could get a better offer at some point. So this brought up the question of whether you hold out a little longer for a better deal or do you take what’s in front of you and move on? On today’s show we’ll be going over this and why we do what we do in these situations. What do you think? Do you take the offer or hold out?

Episode 243 – Prematuresignulation

Episode 243 – Prematuresignulation

Have you or a loved one been affected by Prematuresignulation? Symptoms may include the selling of Real Estate before you’ve actually purchased it, embarrassing conversations and possibly making or losing money. Wait… What??? Haha.. Kind of an inside joke for members of our private group but also a very real thing and it could be good or bad. So join us today as we have some fun and talk about the ins and outs of this perfectly named topic.

Episode 242 – The Two People Inside You

Episode 242 – The Two People Inside You

Everyone’s got two people inside of them. There’s the one that wants to push you further, make you better and grow into the person you want to be and the there’s the one that cast doubt, fear and unworthiness. Ultimately, how you feed these two people determines where you end up in life and business. It can be a constant struggle between the two but if you recognize this, you can plan accordingly and nothing can stand in your way if you don’t want it to. Join us today as we talk about this and what we do to be the people we want to be.

Episode 241 – You’ve Gotta Put Yourself Out There

Episode 241 – You’ve Gotta Put Yourself Out There

If you haven’t figured it out yet, opportunities in life aren’t just going to magically come find you and there’s no fairy that’s going to come along and sprinkle some killer opportunity dust on you either. If you want success, you’ve gotta be willing to put yourself out there and do the work. The more you put yourself out there, the more things will come your way. In the land investing niche that can be as simple as getting started or sending more mail or scouring the groups for partners. It doesn’t really matter what you’re doing as long as your getting out there and trying something. If it makes you uncomfortable, great! Do it anyway and eventually it’ll become common place. The only thing we don’t recommend is hiding in the background. If you want it, put yourself out there and go get it!

Episode 240 – Do Ever Stop Marketing a Property?

Episode 240 – Do Ever Stop Marketing a Property?

Marketing your properties for sale is a crucial step in successful land investing. It seems obvious but if you’re not putting in the work to get your land sold then it will sit forever. When we sell our properties we use the “Be Everywhere” method which, just like it sounds, means be everywhere. You post your properties on all the land sites, craigslist, Facebook, forums, etc. etc. So the question is, do you go back and take all that down, mark it sold or keep it going? Join us today as talk about what we do and then let us know what you think.

Episode 239 – Does Your Idea Have To Be Earth Shattering?

Episode 239 – Does Your Idea Have To Be Earth Shattering?

After the great show we just had with the Prycd.com team we started thinking about all the people who are looking for that one thing that they can create that will change the world and make them super rich. We hear it all the time, people will say something like, “I’d love to create a business I just can’t think of anything to do that isn’t already out there”. This kind of thinking can be a dream killer because you don’t necessarily have to create the next big thing. You can start with what you know already works and expand it from there once you get going. Were we the first people to do Land Investing? No but we learned it and then made it our own. The same goes for the Prycd guys. They got into the niche, found a problem and then created a solution around it. These kind of things are everywhere once you get started so join us today and get your mind running and see what you can come up with.

Episode 238 – Prycd.com CoFounder Max Edson

Episode 238 – Prycd.com CoFounder Max Edson

Everyone knows one of the most time consuming parts of your Direct Mail campaigns is putting together the comps and data for your Blind Offers. Well not anymore!! We’re really excited to have Max Edson, the CoFounder of Prycd.com on the show today. They’ve got a great new program that takes all the guess work out of correctly pricing your offers and getting and scrubbing the data. We were actually quite critical of this because we know that pricing your offers can be a bit of an art but we were absolutely blown away with what these guys have put together. So, join us today as we learn all about the program and the special they’re launching with us! You won’t want to miss this episode!