Land Investor Seth Williams ⛰ Debunks 8 Land Investing Myths 🤦🏻‍♂️

Рет қаралды 110,644

Күн бұрын

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There are some common misconceptions people have about the land investing business. Which of these myths and which ones have some half-truths buried inside them?
0:00 - Intro
0:40 - Is vacant land a pointless investment?
1:20 - Can land even make money?
1:57 - Money-making ideas from vacant land
2:44 - Do you have to buy land where you live?
4:45 - Can you do whatever you want with your land?
5:44 - Does vacant land have a fixed, easily measurable value?
7:15 - Are you only allowed to buy listed land for sale? Is the seller’s asking price really what the property is worth?
8:29 - How to find motivated sellers and buy land for CHEAP:
retipster.com/delinquent-tax-...
retipster.com/findingmotivate...
8:52 - Is vacant land really a “simple” type of property?
10:35 - Will a bank lend you money to buy vacant land?
13:27 - Check out the HUGE library of land investing content at retipster.com/category/land-i...
13:38 - Check out the Land Investing Masterclass at landinvestingmasterclass.com/
I still remember the first time I heard about buying vacant land. My reaction was the same as most people’s.
It sure didn’t seem that exciting, and I couldn’t understand how anyone could actually make money from a vacant land property as an investment.
However, part of that “lack of excitement” comes from a lack of understanding of how the land-flipping business works and the huge opportunity it represents.
#realestateinvesting #landinvesting #landflipping #retipster #realestateinvesting

Пікірлер: 209

@harrisonmichael5047 Жыл бұрын

We are already in a big crash Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.

@jesbensommichael8397 Жыл бұрын

Whichever firm you select, make sure you get your insurance from a reputable financial adviser, such as *PRISCILLA DIANE AIVAZIAN* who has dedicated her career to financial planning. Because they will assist you in escalating, navigating better, and completing the task in a safer manner.

@harrisonmichael5047 Жыл бұрын

@@jesbensommichael8397 I want to build a diversified portfolio based on my personal income. I am easily triggered/highly emotional, which could be detrimental to my portfolio. I hope I am a patient and systematic person. day trading is not for everyone and multiyear holding is not for everyone. I know my strengths that's why I need proper guidance to be able to venture

@jesbensommichael8397 Жыл бұрын

@@harrisonmichael5047 I have saved myself from all the hassle that chaotic market causes. These days the best way to come into the market space is by reading, studying, being patient, and seeking guidance when necessary, due to my line of work I can’t handle my portfolio so I just copy the trades of my FA. I saw her on Bloomberg business news. It’s been smooth since then.

@harrisonmichael5047 Жыл бұрын

@@jesbensommichael8397 how can I reach this person because I am in need of a better investment approach?

@jesbensommichael8397 Жыл бұрын

@@harrisonmichael5047 Surf the web for her info it's easier to get on her webpage.

@mefirstandthegimmiegimmies5160 3 жыл бұрын

Me and my wife buy vacant lots all the time and just sit on it. We focus on land we can pay cash for and buy next to large plots of land. When the housing developments come in we sell for 10 times what we paid. Of course sometimes we wait 5 or 6 years before we see a return but we paid cash and taxes on vacant land is cheap

@ryanthepianoman27 3 жыл бұрын

Your rich!

@johnwaters7847 2 жыл бұрын

I really like your game, I really wish you more success 🙌

@johnwaters7847 2 жыл бұрын

@@ryanthepianoman27 you don't have to be rich to do that. There are lots of lot listings under 10k and some with financing. All you have to do is to dedicate yourself.

@raddadization 2 жыл бұрын

Good work! I spent months with a therapist only to find out that i'm addicted to deals like this.

@sumxsix Жыл бұрын

This is smart.. this is what I do..I buy and hold..something to give me kids ..people see it as stupid but I see the bigger picture

@LuisLandCoach 3 жыл бұрын

Just closed my second year in Land Investing. This year I was 100x more focused and I`ve double my initial yearly gross income goal. Over 50 transactions in 2020 with so many properties for sale and so many escrows in operation. Very grateful for the land business.

@Retipster 3 жыл бұрын

That's amazing Luis! Thanks for sharing your experience! Let's hope 2021 keeps going onward and upward.

@ryanthepianoman27 3 жыл бұрын

Where are you now

@EcoPower2TheMoon 2 жыл бұрын

Luis mind sharing your email to ask some questions for looking to invest my self ??

@eesmith987 2 жыл бұрын

Seems like you had a lot of money to start….

@LuisLandCoach 2 жыл бұрын

@@eesmith987 I actually used the debt in my credit card. I was about 20k under the bus 🤣 it took me about 10 Months to pay it off 👍🏻

@rodneybray3245 Жыл бұрын

Vacant lots are a little like stocks that do not pay dividends. Land can produce annual income by rents and long term capital gains. As with any long term investment, one needs to be able the cash flow.

@billwiley7216 Жыл бұрын

One thing my dad told me over 50 years ago, when it comes to land they are not making any more of it. And yes land that could be bought basically for peanuts in some areas is worth millions today. The secret is having the foresight or luck to have bought in those areas when land was cheap a few decades back and sell it now. The was a major reservoir built in the early 1960's and of course surveys showed where the water would end up at full pond. You could buy as many waterfront lots back then that you wanted for $1000 apiece. My dad wanted to buy 10 lots but my mom was why do you want anything way out there in the middle of nowhere so my dad passed on buying. For about the last 25 years or more bare unimproved lakefront lots easily sell for $150,000+ each and some depending on location can bring $250,000+. There was another area that there was a junkyard for decades, sort of a rural area that in the last 30 years is one of the most sought after and developed areas in the area both residential and commercial. The junkyard is now closed but the property it occupied is now worth millions, it is the last single piece of undeveloped property left on the main drag large enough to build a shopping center on. 50 YEARS AGO THAT PROPRTY WOULD PROBABLY HAVE NOT BEEN WORTH OVER $50,000 Land can be a big money maker over the long haul just like my dad said, they are not making any more of it, supply-demand will set the values.

@Retipster Жыл бұрын

Thanks for sharing your story! Your dad was really onto something. It's incredible how much the value of land can increase over time. It sounds like your dad had the foresight to recognize the potential in certain areas and was able to profit from it. Thanks again for watching and for sharing your thoughts!

@brianvaughan4336 3 жыл бұрын

Great video Seth! I'm an old dude and have been appraising residential for over 30 years. What you said at 6:45 is very true. Aside from pulling the best recent comparables we can, there's not much more to it than giving our best guesstimate

@Retipster 3 жыл бұрын

Thanks for watching, Brian! And thanks for confirming. :) It's hard to come up with a reliable value based on information that, for the most part, isn't there.

@brianvaughan4336 3 жыл бұрын

@@Retipster so true! And when you're signing your name as a professional and getting paid for it they expect it to be right on.

@Gimmeduhalpha 3 жыл бұрын

Very informative video!! Thanks for all the VALUE!! I'm getting master class ready !!

@Retipster 3 жыл бұрын

Thanks for watching, Gary!

@jamesdforsythe73 2 жыл бұрын

I love the intro. "overthinker" same man. 😂

@michaelfinley3264 Жыл бұрын

Seth, been watching you for a while now. I entered my land venture while associating w LA. This is where I came across you. There is a lot to learn, for sure. We acq our first trough a side offer by asking if they had more to sell. It had two homes on two acres. We acq rights to sell through a simple lease opto-buy

@michaelfinley3264 Жыл бұрын

We just sold it for a small profit. Recovered all of our rent pd over 6 months, and now about to go after it again, before we're caught not tucked away somewhere safe.

@michaelfinley3264 Жыл бұрын

Seth, you've been with me on my journey, and you truly are turning into a pro... Even though you carry that sparkle smirk that tells us all that you have secrets going on! Take care, Seth, good job!

@Retipster Жыл бұрын

Hey Michael, good to hear from you! Thanks for following along with what we're doing, and congrats to you on taking action and making things happen!

@nazeem8068 2 жыл бұрын

Correct, land itself does not make money. However with investment and time the land can produce essential goods like food and clothing if you grow cotton or something. Or you could literally just get a bunch solar panels and not use any of their input when connected on grid and you can make money that way.

@ClubCalixte 3 жыл бұрын

This is how commercials should be done

@tallmanfit6997 9 ай бұрын

Thank you sir you answered a lot of questions I had in mind. Keep up the grate work

@Retipster 9 ай бұрын

Thanks for watching!

@stuff_i_liked1815 3 жыл бұрын

Been really inspired by you brother. Sent out my first mailing a few weeks ago. About 450 neutral letters but haven’t gotten a single bite. No calls, no site visits, I even thought that maybe my google voice or website wasn’t working but it looks like it is. Just gonna send to a new county and wait this one out for a bit. Not gonna get discouraged.

@Retipster 3 жыл бұрын

Thanks for watching, Rodney! Sorry to hear about the lack of response on your first campaign. 450 is a good first trial run when you're testing out a new market, and sometimes it can produce some results, but it's also not quite enough to expect any significant response. I'm not sure how your filtered your list or where you got it from (because your list really is the most important component to a good campaign), but I would keep whittling it down and getting very specific about the people you're trying to contact. You'll get there!

@marioknowsitsgod1506 Жыл бұрын

How it going so far? 2 yrs later

@123brendanam3 Жыл бұрын

here in Uganda when you invest in land were people can build houses you can get a lot of money ..you sell them the land and also build for them

@mjwmontgomery 2 жыл бұрын

Poor and land owner are rarely in the same sentence. Houses are hugely complex.

@aaronlegend14 2 жыл бұрын

There's foreclosed land plots for under $1000/acre. If you want to own land go get some. The question of profitability is a different story.

@brianbordenkircher52 Жыл бұрын

Thanks for the tips!

@Retipster Жыл бұрын

Thanks for watching, Brian!

@montisino Жыл бұрын

Very informative and straight to the point 🔥

@Retipster Жыл бұрын

Thanks for watching!

@Joe-hq9xc 3 жыл бұрын

I have this idea in my head that I'd like to buy cheap property somewhere that's overgrown with brush. Then I go in there and clear the brush, cut low branches, improve the soil without chemicals, plant diverse mix of perennial grasses/flowers, fruit trees, and basically just make it look nice. Then resell it a year or two later for a profit. Would something like this actually improve the value of the land or does it sound like largely a waste of effort?

@Retipster 3 жыл бұрын

I think it could work with the right property and market. You should hear this podcast episode we did with a guest who does exactly that: retipster.com/14

@Joe-hq9xc 3 жыл бұрын

@@Retipster Great, thanks Seth! Will do that now.

@Fields_Forks 3 жыл бұрын

This is happening in some places in India and people are making 30 times initial investment gross in exactly an year or two.

@danajalowery 2 жыл бұрын

@@Fields_Forks which places in India?

@congeee Жыл бұрын

@@Fields_Forksno one except Indians want to invest in India

@richardgreen7225 Жыл бұрын

If you've paid off your house, it provides an invisible income stream in terms of 'free rent'. There is no income tax to pay on the 'free rent'. This freed-up cash-flow allows you to buy things you might not otherwise afford. If the house is in a desirable neighborhood, it will appreciate year to year (assuming you maintain it) and eventually provide income in the form of a 'capital gain'.

@fromheretothere5790 3 жыл бұрын

I’m about to go visit a place with lots of land for sale. Great information

@Retipster 3 жыл бұрын

Thanks, Maria! I'm glad it helped.

@jaguarcaribe 3 жыл бұрын

You should have a lot more followers this is very gooooood

@Retipster 3 жыл бұрын

Thanks for the kind words! I was thinkin' the same thing! haha

@thejmz 2 жыл бұрын

What a great video. I have a large parcel of land I would like to offload then 1031 the proceeds, can you do a 1031 video?

@Retipster 2 жыл бұрын

Maybe! What exactly do you want to know about it? We do have this article you can check out, in the meantime: retipster.com/terms/reverse-1031-exchange/

@thejmz 2 жыл бұрын

@@Retipster Maybe how we could use it to expand our realestate empire, post-postponing capital gains, etc. I'm looking @ selling a more valuble parcel and buying up larger swaths of land in Idaho (or somewhere remote), using 1031 - but I have to sell my property first. :)

@stephaniemata9057 2 ай бұрын

12.13 acres of land, with 2 houses located in the property - 707 and 713 Johnston. Restrictions make it where you have to purchase both houses. 707 Johnston, is a beautiful house with an attached shop of some sort, or even turn it into a horse stall, mechanic shop, etc. Ideas are endless. the 713 Johnston, is a beautiful, updated house, with brand new kitchen counters, cabinets, floors, etc, and appliances remaining.

@user-wc9eh6se5p Ай бұрын

600 eur in cash, but you have to say thanks. Deal?

@user-wc9eh6se5p Ай бұрын

Usd i mean. Dont be too excited

@ryanfarmer5155 Жыл бұрын

Do capital gains apply to land like home capital gains. For example, we can avoid capital gains if you have owned or lived in for more than 2 years. Can we avoid capital gains if you own land for more than 2 years ?

@Retipster Жыл бұрын

I'm not a tax expert, but I believe you're referring to if you live in the property. I'm not aware of the same exemption for land, BUT, as I said, I'm not the guy to ask about this. Talk to your CPA to find out for sure.

@jaguarcaribe 3 жыл бұрын

Bro your videos are fire

@Retipster 3 жыл бұрын

Thanks! I appreciate that!

@user-wc9eh6se5p Ай бұрын

Forests dont

@TomBTerrific 7 ай бұрын

I’m guessing this could be said about any investment. I recently purchased 5 acres with a house on it . Owned it for 5 years and never rented it . Probably not the smartest thing to do but I personally didn’t want to deal with having a flaky tenant. I double my money with that property. Didn’t use a realtor because I have enough knowledge regarding real estate to do it myself.

@milagrosroman9978 3 жыл бұрын

I'm interested.

@MikeJones-tx6iu 2 жыл бұрын

Very informative ! I’m in the Washington D.C. area aka the (DMV) interested in purchasing land to build tiny homes on. The housing crisis is incredible here & homelessness is increasing daily. I want to be part of the solution but I keep hitting a brick wall when trying to navigate the process. Can you help 🤔 ❓

@Retipster 2 жыл бұрын

Hey Mike! That sounds like a cool idea. In what areas are you hitting a brick wall?

@MikeJones-tx6iu 2 жыл бұрын

@@Retipster The red tape & beaurocracy associated with dealing with government employees is unbelievable. Promised phone calls & unanswered emails are for starters.

@tammymeadows8599 Жыл бұрын

How much to pay for land that I can sell that is less expensive and what type of land? Thankyou!

@classicphysique9493 Жыл бұрын

McDonald’s is in the business of land when you buy their franchise, you pay for the land and then you can put your McDonald’s there

@Retipster Жыл бұрын

Pretty smart business model!

@robertjones-sl3fr Жыл бұрын

I'm thinking about buying land in the city of Detroit how long does it take to make some money off the land thanks 👍

@ifundland 10 ай бұрын

Seth always has great info to share! Robert, if you ever need help looking at deals or funding your project(s), I’d be more than happy to have a conversation.

@HangTran-gg2kf Жыл бұрын

@REtipster: Are you seeing land investors getting 4-5x return for selling property? It seems that most earn 2x but I recently met someone who buys suburban commercial lots in TX and get 4-5x return eg buying lot for $5 and resell for $20-$25k.

@Retipster Жыл бұрын

It just depends on the deal. I agree that the 'average' land investors are seeing 2x these days, but if you're only willing to go after the best of the best, 4-5x is certainly achievable, possibly even higher. 4900% ROI is the highest I've ever gotten, but that was an outlier.

@HangTran-gg2kf Жыл бұрын

@@Retipster thank you! appreciate the input from an expert like you.

@aarongoeppner413 2 жыл бұрын

Do you lease any of your property out for someone to deer hunt on it?

@Retipster 2 жыл бұрын

Not at the moment, but I've sold hunting land in the past. Leasing it could be a good play if you can buy it cheap enough.

@5049444448 2 жыл бұрын

Nice

@MVT_Fishing Жыл бұрын

If that’s his opinion he could keep believing it. I purchased a piece land a couple months back , it’s already appreciated in price. The next door neighbor who also purchased a lot next to me would consider buying mine. But guess what ? It’s not for sale unless he pays whatever I would sell it for.

@AquaVida13 2 жыл бұрын

I wanna learn how to do this. How can I begin?

@johnwaters7847 2 жыл бұрын

You have started already all you have to do next is educate and save money.

@SuperQdaddy Жыл бұрын

House needs maintenance..land doesnt....house with 5 acres ..will bring way more value

@skgan7383 Жыл бұрын

Agreed 👍

@Retipster Жыл бұрын

Thanks for watching!

@TulusHalomoanMarbun 2 жыл бұрын

the world is getting smaller and yet it keeps growing.

@richcain64 7 ай бұрын

I’m in NJ, taxes will eat you up here.

@raddadization 2 жыл бұрын

Seems like a no brainer even if it sits there it’ll appreciate in a decent area

@johnwaters7847 2 жыл бұрын

Land appreciate no matter what, except if the land is laid waste like Chernobyl. Difference comes in the rate of appreciation. This is the reason the IRS don't allow you to depreciate land.

@user-ls2eg7mf8t Ай бұрын

land bring money when u rent it out

@Video4SmallBiz 9 ай бұрын

land masterclass link didnt work.

@Retipster 9 ай бұрын

Yikes! Thanks for letting me know! You can try this one instead: welcome.retipster.com/land-investing-masterclass/

@twilightsprite1 Жыл бұрын

How do u get vacant land insurance?

@Retipster Жыл бұрын

A couple of places you could try: retipster.com/obierisk retipster.com/vacantlandinsurance

@shootermcgavin4999 Жыл бұрын

insurance for what?

@TinfoilHatWearer Жыл бұрын

Land doesn't make money? I would say thst it depends on the amount of land you are dealing with. If it'd a large amount, u can plant trees and sell carbon offsets.

@raymond4307 Жыл бұрын

The land itself without you not doing anything will not generate any revenue. But the carbine footprint thing you mention got me thinking 🤔

@kentheengineer592 3 жыл бұрын

technically they are both true and false depends on the conditions that are being applied

@Retipster 3 жыл бұрын

Which one are you referring to, Kenneth?

@89five3five 3 жыл бұрын

When you say vacant land, do you mean raw land?

@mr16325 2 жыл бұрын

I don’t think it necessarily means raw

@CSGPhotos Жыл бұрын

This guy really gives off a young Bruce Campbell vibe!

@Retipster Жыл бұрын

Oh yeah? I haven't heard that one before, but thanks!

@roki33524 2 жыл бұрын

Do you hear the "psttt"? He's a snake 🐍😂

@abarbar06 2 жыл бұрын

Ever heard of Georgism?

@Retipster 2 жыл бұрын

After a quick Wikipedia search, yep, I'm familiar with it. :)

@abarbar06 2 жыл бұрын

@@Retipster I think its a compelling proposition. I wasn't aware of the details of the process of land flipping/investing. It sounds like you're not so much doing land speculation, but marketing/finding buyers. Anyway, I'm curious of your thoughts on land value tax and land speculation

@matthewmoore202 3 жыл бұрын

Ah yes, every entrepreneur. Over thinker here

@2charlesjr 3 жыл бұрын

This guy is totally cool, that's what I am doing now!😎

@partydean17 6 ай бұрын

We need to switch to a land value tax to stop this useless speculation.

@lamson1990 2 жыл бұрын

Overthinker, You lost me there almost

@averythompkins3682 2 жыл бұрын

GOD Loved you enough too send His Son JESUS for you and if you will believe in Him and at baptized in THE NAME OF THE FATHER, THE SON and THE HOLY SPIRIT and turn from your sins you will be saved

@celebrityinterviews3691 3 жыл бұрын

good video but the music is very distracting

@Retipster 3 жыл бұрын

Really? I could hardly hear it. I'll keep that in mind with future videos. Thanks for the feedback!

@celebrityinterviews3691 3 жыл бұрын

@@Retipster Really? It's all I can hear, I have to lip read to figure out what you're saying. It is what it is.

@aldrinbayrante9558 9 ай бұрын

I proudly disagree with you mate. I bought a land and now it plays pivotal role for making my income. Some use their land for agricultural tourism too. Therefore, you talk bullshit.

@Retipster 9 ай бұрын

Which part do you disagree with? Watch the whole video, and you'll probably see we don't disagree with each other.

@INTHEWILDERNESS-00 2 жыл бұрын

If you pay property taxes on the land, you don't "own" it. No one "Owns" anything anymore. You ppl think your free, delusional.

@FinrodFelagund5 2 жыл бұрын

Yeah, agreed. Property taxes are tyrannical. But what does that have to do with the immediate topic at hand?

@INTHEWILDERNESS-00 2 жыл бұрын

@@FinrodFelagund5 you have to take property taxes into consideration when purchasing land, especially in certain states where certain political parties are control and can raise the taxes by a couple thousand at will.

@jackzilla321 2 жыл бұрын

God made the land, nobody can own it, we all are merely renters and users of the gifts of nature. Taxation on the use of nature is just-you have the same rights to the earth as any other human. To refuse another human God's gifts should require some compensation, and governments are at minimum good at facilitating those transactions.

@locks4 Жыл бұрын

@@jackzilla321 amen! Please say it louder