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When you’re confident with whatever it is, you expect the result. You’re not hoping for it – you expect it. So you can say “hey, here’s what we’re going to do and you can just lead.” I think when you’re starting out, your confidence is more like you’re not sure what to do, and I think that is picked up on.
While most of the real estate market is flooding into flipping houses or wholesaling houses… savvy investors are looking at the gaps in the market where there is an outsized opportunity vs. competition level.
When Carrot client Gary Horton hit a wall wholesaling real estate in San Diego he tested out flipping vacant land… and hasn’t looked back since.
Now Gary buys and sells land all over the West Coast, from his house (or office), does 8-9 flips per month, and barely has any competition.
In this episode, Gary lays out his entire business model from start to finish. His marketing, how he targets sellers, how he sells his properties, his margins, how he does online marketing to drive consistent land deals… EVERYTHING.
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Dive in and listen to Gary’s story and get inspired to go down the path less traveled.“The best investment on Earth is earth.” – Louis Glickman, real estate investor Click to Tweet
3:20 – Gary’s backstory — Who he is and working a career that he didn’t love.
6:00 – Building confidence and credibility to leave his job and close his first deal.
9:30 – Why he decided to pivot from the truly motivated house seller market to flipping vacant land.
12:45 – Knowing your strengths and weaknesses can save you a lot of pain and time. Walking through the Kolbe Index test.
15:50 – The nuts and bolts of land flipping.
20:30 – Cracking the land flipping code — making the move and dealing with the responsibility that came with it.
23:15 – Gary’s land-buying business model: Buying Baltic Avenue instead of Park Place.
27:55 – What types of situations are the sellers going through to sell their land so cheap. And, the strategy behind his direct mail campaigns.
32:05 – The leads from his Carrot website have been very good. Find out how that has helped him open the door for more investment opportunities.
34:35 – How searchers are finding his website: SEO and AdWords on a $1 per day budget.
38:25 – Find out his online stats, such as how he’s been able to profit over $40,000 and only spend $322 on AdWords.
42:50 – Building up a seller financing land business that is consistent, predictable, and low-risk.
45:20 – His rule of thumb of pulling a list and what to look for when finding a sweet land buying niche.
48:50 – Diving in deeper to what one of those land buying niche opportunities looks like: From dream communities to land buyers paradise.
52:05 – Land SELLERS: How to market your land listings.
1:01:30 – What are some of Gary’s goals he’s pushing for in 2017.
1:10:30 – Why he chose Carrot and what it’s meant to his business.