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Discover the inspiring story of Wayne Thompson as he shares his journey toward making $100,000 from his humble beginnings to the challenges he faced along the way. In this interview, Wayne reveals the secrets to his success and the valuable lessons he learned on his path to financial freedom. Whether you’re just starting out or looking to take your career to the next level, this interview is a must-watch for anyone seeking to make a big impact and achieve their financial goals.
0:00 Discord question
0:48 Walk us through your journey early on
4:36 What did your first deals look like?
5:57 Fast forward to today, what is your business like?
9:19 Goals for 2023
21:04 Partnerships in business
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Rons Instagram 📸: https://www.instagram.com/ronapke/
Dans Instagram 📸: https://www.instagram.com/danielapke/?hl=en
Land Investing is the simplest, least competitive, and most profitable sector of real estate. In this niche, you would be looking for and buying vacant land and flipping it for a profit. This niche is incredibly interesting as it is very profitable, avoids higher interest rates, reduces the time you own the property (which has tax implications), and much more.
Land investing requires much less upfront capital, meaning investors would be purchasing the property with cash. Land investors have found an average profit per land flip of $20,000 in just the first 6 months. Land investors are typically looking for a discount of 60-40% on the properties they are looking to acquire. With the combination of location flexibility, and the ability to be able to buy land ANYWHERE in the country there is no lack of deals in this niche.
Not many investors are familiar with this kind of real estate niche, making it even more exciting. Within land investing, there are many sub-niches such as subdividing properties, landlocked properties, Land Notes, RV Lots, among many others.
Land Investing is a lucrative real estate niche with low capital requirements. The market for land investments is massive, with comparatively little competition. Land investing can be done from home and the time commitment is significantly less than in other real estate niches such as house flipping.
Interested in learning more about land investing? Check out our free discord with tons of successful land investors to see how they are capitalizing on this hidden real estate niche & our prior blog post on Land Investing For Beginners (https://landinvestingonline.com/land-investing-for-beginners/)