Direct mail marketing has always worked and will likely always work. The reason for this is that there is very little competition in the land space. One of the most important steps when you flip land is to find the right people to market to. In this episode, I explain how to select the right records from the county and how to filter them by their market value.
This podcast was recorded as part of our Winning Wednesday live series. Every Wednesday at 10AM PST on the Land Profit Generator Real Estate Investing Facebook Group, I answer your questions and delve deep into real topics that affect land flipping business owners.
How To Determine Assessed Value vs Market Value
When you don’t understand the difference between assessed value and market value, you will waste time and money on your marketing. The important thing to understand is that every state in the US has different laws governing property value. In essence, each state has its own ratio between assessed value and market value.
For example, in Arkansas, assessed value is determined to be 20% of market value. So if you see a property listed in an Arkansas county record at $10,000 then it’s market value is $50,000. In Florida, however, assessed value is 80-90% of market value.
So, if you want to select the right records for your marketing campaign, you need to find out the laws of your state. Luckily, this is very easy to do. All you have to do is call the county assessor’s office and ask.
How To Select The Right County Records
With our land flipping method, we target properties in the $5,000 – $200,000 range. The more experienced you are, the higher-priced properties you can target. Now that you understand the assessed value vs market value, you can select the right records from the county list.
It’s simply a matter of calculating the market value based on the laws of that specific state. For example, in Arkansas, you will pick properties with an assessed value of $1,000 – $40,000. It’s crucial that you always bear in mind that each state in the US has its own laws – so you always have to do your research!
Find out how to select the right records from the county
Learn the difference between assessed and market value
Understand how to optimize your direct mail campaign by tar
Mentioned in this episode
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Find out more about the Investment Dominator at https://investmentdominator.com/
We have all heard horror stories about what can happen if you onboard the wrong person to help you scale your business, right?
However, if you try to be all things to all people in your business, you will burn out, and end up with the same kind of restrictions you were trying to avoid by getting out of your J.O.B – right?!
So you need a team – but you need the RIGHT team!
In this episode:
👉 When do you start building your team
👉 How to recruit for alignment
👉 Tips on getting the most from your staff
If you want to find out how to onboard the right people and how to create an A-Team that will be as invested in your business as you are, tune into episode 199 of the Forever Cash Podcast.
In this episode of the Forever Cash Podcast, highly successful land investor and LPG team member, Michael Robert, talks about how to become the CEO of your land investing business.
When you start your land investing business, your sole responsibility is to learn the systems and processes to follow to get the deal done.
However, as you scale and build out your team, you will go from the 'doer' to the leader of your business.
What does it mean to be the CEO of your business?
How do you step into that role?
Tune into episode 198 of the Forever Cash Podcast to hear how Michael Robert, a highly successful land investing CEO, learned to step into this role in his business.
In this episode:
👉 When do you become the CEO of your business
👉 Leadership[ tips for CEOs
👉 How your CEO role will boost your profits
If you are ready to step into the role of CEO of your land investing business, take advantage of the opportunity to learn from the best in the industry during our Land Profit Masterclass, starting August 9th.
Jack and Michelle Bosch, the Pioneers of the Land Profit Generator method, and two of the most influential CEOs in the business will be sharing exactly how to replicate their success during a FREE 5-Day Masterclass.
It's not too late to register; visit www.landprofitmaster.com to register.
In this episode of the Forever Cash Podcast, David Van shares the 10 top tips for scaling your land investing business in 2021.
Every entrepreneur starts a business with the goal of growth. When you first begin your land investing business, you might be able to close a few deals and make a nice side income. However, if you are interested in achieving the financial freedom that many of the Land Profit Generator students have realized, you will need to SCALE your business.
If you would like to learn how to start and scale your land investing business in record time, join us for our upcoming 5-dayFREE Masterclass, beginning August 9th. Register HERE: https://landprofitmaster.com
In this episode:
👉 Why is scaling your ultimate goal
👉 How to get onto the land investing scaling fast track
👉 10 tips for scaling your land investing business