Podcast-Kanal: The Side Hustle Show: Business Ideas for Part-Time Entrepreneurs
Podcast-Sendung: 330: Land Flipping Revisited: From Zero to $10,000 a Month on the Side
Roberto Chavez started his raw land flipping side hustle a little over a year ago, and with persistence, has already built it into 5-figure of monthly revenue. This is a business model that was first introduced to me by Mark Podolsky, from TheLandGeek.com, in episode 108 of The Side Hustle Show. He called it "the best passive income model" because it avoids "the 3 T?s" of traditional real estate investing: tenants, toilets, and termites. How the model works is you: acquire parcels of land on the cheap because the owners don?t want them anymore re-sell them either for a quick cash flip, or more commonly, as an owner-financed sale. This is where the passive income comes in as you collect monthly payments for a period of 3-7 years, or whatever terms you agree on. For example, buy a $10,000 parcel upfront for $2,500, and resell it for $199 a month for 5 years. In that scenario, your total payments collected would be almost $12,000, and you'd breakeven on your initial investment after about a year. Where the persistence comes in, is the initial seller outreach. It?s very much a numbers game, as you?ll hear Roberto explain. I think that?s what separates those who have success in it from, those who don?t. Tune in to learn how Roberto finds parcels to buy for 25 cents on the dollar, how he figures out how much to offer, the due diligence that goes into these deals, and how he re-sell...