Reneé Riker shares her land investing journey and offers tips!

Whenever I talk about my passion (land investing), I am often asked the same questions, so I thought this would be a good topic for a blog post.  Here are the Top 10 most frequently asked questions and my responses:

1. Does this really work? Yes.  If you work at it.  If the information sits on the shelf untouched, then it obviously won’t.  If you treat it like a business and consistently take efforts to move it forward, it definitely works and you can read my previous blog post for more information about my own successes.

2. How much money does it take to get started? This depends on you, your goals, and available funds.  If you are strapped financially you might want to begin by assigning contracts which involves you finding a seller and a buyer and collecting a fee for assigning the contract by putting the two people together.  For this, you really only need to pay for the cost of  the mailing, but for credibility purposes I would also recommend having an 800 phone number and a basic ‘buying’ website for people to contact you and both of these can be accomplished for less than $20.00/month.   Once you have some capital to work with you can begin to buy properties outright and then turn them around for sale.

3. Is it as easy as it seems? The steps are easy but there are many and if you are working the business alone and part time (like me), it can feel overwhelming at times.  What I recommend is to take it one step at a time and work the business sequentially.  For instance, learn how to do first things first…buy a property (get 800#, website, list, mail, answer calls, analyze/make offers, perform due diligence, go through escrow process, understand title report, etc.), and then sell a property (yourself vs hire someone vs hybrid, marketing, documents, loan servicing, etc.).   You will learn the details along the way as you go through your first cycle so don’t get overwhelmed.  Just keep moving through the process and it will all make sense.  Get in line and stay in line!

4. How do you get data records so you can send mailings? There are many ways, but my two favorite ways are to partner with a good escrow/title company so they can provide you with online access to extract your own data (“farms”), and they can also provide you with access to property profile reports for a property you are considering purchasing.  Profile reports contain APN, legal description, owner info, assessed value, property size, plat maps, neighbors, and comps if there are any.   Another favorite way is to utilize inexpensive paid online services to extract data and the extra benefit of these services is you are able to find an aerial view of your property by APN and use that image in your online marketing.  See my post for a great online resource.

5. I don’t have any real estate experience, can I do this? Yes.  If you can follow directions, and not be afraid to ask questions along the way of the business partners you will be working with (escrow/title companies, realtors, fellow investors/mentors, etc.), and you are willing to “pull the trigger” when it comes time to making a purchase, you can do this with no prior real estate experience.

6. How much money can I expect to make? Though I get asked this question a lot, it’s one that really can’t be answered because again, that depends upon the effort that each person puts in.  If you buy a property right and sell it right you will make money but those numbers depend on you, your ambitions, your risk tolerance, your price range, etc.  See my own profit margins.

7. How easy is it to sell a property once you own it? This again depends upon your strategy for selling.  If you simply list your property with a realtor for retail price that could take a very long time.  However, if you offer competitive pricing and utilize online marketing such as Craig’s List, Postlets, Backpage, Landflip, Landwatch, Kijiji, etc., and supplement that with social media such as Twitter, Facebook and utilize a squeeze page to build a buyer’s list for email marketing then your audience is significantly broadened which increases your liklihood for a faster sale.

8. Where do I start – what’s first? 5 easy steps to prepare to make a purchase:  1) Pick a company name (even if it’s a temporary DBA name) so you can use it in your marketing; 2) Get an 800 # to make it easy for people to call you; 3) Set up a simple ‘buying’ website for people to easily answer questions about their property; 4) Get a List; 5) Mail.  Then prepare to answer the phone!  And, if you plan to purchase properties in an LLC, you might want to get that process started while you are doing the first 5 steps.

9.  How much time do you need to spend working at this business? This is a difficult question and really only one that you can answer because it’s based on your drive, ambition, and goals.  I have a full time job and have been able to successfully work this business on nights and weekends.

10. How can I get further help? Jack Bosch recently launched brand new coaching programs!  See my blog post to find out more.

I hope this was beneficial and if you have any additional questions/comments feel free to click “Leave Your Comment” or “Leave a Reply” for this or any blog post .  To Your Success! 

Just back from attending the IRCA-sponsored event where Jack Bosch spent the entire day teaching about his Land Profit Generator course.  It was a sold out event that was packed with content and the group asked many great questions.  As usual, most investors have been told to “stay away from land”, which is just fine by us land investors…the more for us!  As you’ve seen in my previous posts, land investing has been very enjoyable for me and very profitable and I’m now at a point in my investing career where I want to take it to the next level by outsourcing even more so that I can get more deals under my belt.

Also, I was honored to be invited to answer land investing questions at the IRCA “Pro Corner” in July so if you have any land investing questions Reneé, Jack & Lindseybring them with you on July 6th and sign up at 5:30 pm and I will help you however I can.  The meeting will take place at the Four Points Sheraton, 5990 Green Valley Circle (at Sepulveda & the 405  San Diego FWY) in Culver City.

Please feel free to post comments to any blog post as I respond regularly.

To Your Success!

Reneé Riker

If you are looking for an opportunity to hear Jack Bosch speak about his Land Profit Generator program in the Los Angeles area, this is your chance!

The exclusive all day training event will take place this Saturday, May 8 at 8am until at least 4 pm.  Registration will be at 7:15 am so go early, have some coffee and get yourself a good seat.  The meeting will take place at the Four Points Sheraton, 5990 Green Valley Circle (at Sepulveda and the 405  San Diego FWY) in Culver City.

You need to preregister by either calling IRCA at 818.678.6269 or clicking this link:  JackBoschSeminar.  I plan to be there and look forward to meeting you!

Quick Status Update

It’s been awhile since I posted anything but hey, I’ve been busy buying and selling land!  I just picked up 9 properties within the last couple of weeks (from sending only 37 letters I might add), and I have one property in escrow for sale now.  For you fellow land investors, I would love to hear from you?  How’s your business going?   Feel free to check out my Twitter and Facebook pages and let me know if you have any questions.  Take care! 🙂

For those of you who would like to check out Jack Bosch’s Land Profit Generator land investing system without buying the program first, how about attending his seminar in Los Angeles, California on March 19-21, 2010 so you can determine first hand if this is a good fit for you?  I’ve been to many real estate seminars over the years and this is sincerely the best in my opinion as Jack gives you three full days of in depth training.  You can reserve your seats HERE.  Jack even offers a money back guarantee.  He will refund the cost of your tickets if the seminar does not exceed your expectations.  I believe he will also apply the seminar purchase to the cost of the LPG course material should you wish to purchase it.   Check it out!

Another Cash Sale in Escrow & term sale closed!

Hi Guys,

Haven’t written a post in awhile.  For those of you still sitting on the fence as to whether or not this program works, let me tell you that in my first year I have already sold 6 of the seven properties I purchased and my profit margin average is 75%  One was sold with owner financing and the others have been cash sales.  Next step for me is to incorporate assigning contracts for cash.  While enjoying the profits from land, I’m struggling with the high cost of tenants!  Love No Tenants – No Toilets – No Termites!  Any questions?  Please ask.

I’ve been asked by one reader to talk more about how the Jack Bosch Land Profit Generator training course applies to different types of people.  Well, that’s a pretty good question actually so I’ve given it some thought.  In previous posts I’ve said “don’t buy this product if you’re going to let it sit on your bookshelf and collect dust!”  That’s where you come in.  You have to ask yourself if you’re going to actually DO SOMETHING with the material.  I can tell you from personal experience that Jack Bosch’s land flipping training system works and you can check the “Show me the Money” post below for more details about my first deal, and in addition to that first one I have added two more sales…one I paid $5k for and sold for $22k cash and another I paid $3,700 and sold for $8,500 with owner-financing, and I work this business part time.

So, now let’s talk about what types of personalities this type of a business/system might be a good fit for….definitely people that enjoy computer work, administrative work, and working from home.   If you don’t like computers and/or office type work this might not be a good fit because you do your research online, like checking out property values through online websites, viewing aerial maps, checking taxes owed through county websites, etc.  And, you print and send letters, purchase agreements, and answer phone calls with both buyers & sellers (this part used to freak me out a bit but now I enjoy it).   If you’re an out-doorsy type person and would feel ‘cooped up’ doing this type of work this might not be the right fit for you personally; however, if the idea appeals to you and you enjoy real estate investing, maybe you could partner up with someone and divide responsibilities.  Everyone has to find their own comfort zone, and much of this business can be outsourced.  I have personally chosen to do most of the work myself with the exception of closing transactions and managing my own loans.  I use an escrow company to close my transactions as I don’t personally want to do that, and on the sales side, sometimes I use Realtors and sometimes I don’t.   And, rather than manage my own loans, I have outsourced that to a loan servicing company because I don’t want to do that either.

So, there you have it.  My own thoughts on who this business might be a good fit for.  Hope this helps, and as always feel free to comment/ask questions!

If you want to purchase the program, use THIS LINK HERE and my Free Gift offer still applies.

Just a quick post to say that Jack’s system works. If you are at all real-estate minded, check it out 😮

Hi Guys, I just found out from Jack Bosch that there are a few copies left of his land flipping training course “Land Profit Generator”. Not sure how long they will be available so if you’re interested snap one up now by clicking on THIS LINK HERE!  And, if you order in time you might still be able to get in on the free seminar in Los Angeles with Jack March 19-21, 2010!

Click here to see the free gift offer from Land Profit Generator student Renee Riker, me!

Click here to read my own story of how this training system has worked for me, and read through the site for more information about this system.  As I always say, if you are at all real-estate minded, consider this.  It’s an awesome niche that’s different than anything else.

Okay, guys, The Land Profit Generator is available for sale. Should you decide to invest in Jack Bosch’s land investing training system, through MY LINK, (if you use anyone else’s link, including Jack’s, you won’t be able to get the free gifts from me), here’s what I can offer you after the 30-day trial period:

  • Gift #1 – One Hour Phone Conference w/Me (ask me anything you want about this land investing business and I’ll help you however I can!)

  • Gift #2 – Postcard Targeting Sellers (just change the logo to make it your own & send to Click-to-Mail to begin mailing!)

  • Gift #3 – Caller Questions Form (what you ask Sellers when they answer your letter and call you!)

  • Gift #4 – Offer Worksheet (Excel spreadsheet to plug in the market value & back taxes owed so you know what to offer Sellers!)

  • Gift #5 – FAQ Sheet (to include with your offer letter…tells sellers things like “when do I get paid”, “what happens next”, “do I have to pay the back taxes”, and more)

  • Gift #6 – Re-Offer Letter (cool little letter to send a couple weeks after your first offer to purchase expires…Sellers can actually write in the price they want!)

  • Gift #7 – Purchase Due Diligence Checklist (what county offices do you call for what?  Get your questions answered before you buy a property)

  • Gift #8 – Neighbor Letter (once you own a property, send a letter to the nearby neighbors and offer to sell to them first!)

  • Gift #9 – Realtor Questionnaire (if you’re going to use one, find a GREAT ONE – here’s a great email you can use to screen them before you select one!)

  • Gift #10 – Discount Coupon (entice buyer’s with this cool little coupon – change the logo to make it your own!)

  • Gift #11 & #12 – Property File Checklists (keep your file folders organized and make sure you have ‘these things’ for when you purchase & when you sell!)

  • Gift #13 -#17 – Calif. Purchase Agreement & accompanying Disclosure Documents, “As-Is Sale”, etc. (used when you Sell the property).  These alone cost me over $1,300 to have reviewed w/Calif. attorneys!

YOU MUST ORDER THROUGH

MY LINK

TO GET ALL OF THE ABOVE

Again, here’s my own personal story of how this business has worked for me.  CLICK HERE

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