How Our Kids Turned $8,000 into $80,000 in One Year with Land Investing
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How Our Kids Turned $8,000 into $80,000 in One Year with Land Investing
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In this episode of the Turning Profit Podcast, we welcome special guests Maddie and Ashley, our daughters, to discuss their journey in land investing.
We cover their initial investments, the step-by-step process they followed, and the learning experiences they encountered.
Maddie and Ashley share the insights they learned about evaluating properties, negotiating deals, and building their business from scratch.
We break down their first six property deals, highlighting both the successes and challenges they faced along the way.
If you want real-world lessons on land flipping, risk management, and the importance of continuous learning in real estate investing, then this episode is for you.
Key Takeaways:
Introduction (00:00)
Meet the Special Guests (00:45)
Diving into Real Estate Business (02:39)
First Property Purchase and Sale (03:34)
Second Property Success (15:36)
Third Property Triumph (19:11)
Challenges with the Fourth Property (29:09)
Property Number Five: A Quick Turnaround (33:31)
The Last Deal: The Biggest Investment Yet (36:50)
Planning Ahead: Goals and Strategies (39:58)
Marketing and Risk Management (42:21)
Reflecting on Past Ventures (48:46)
Final Thoughts and Future Plans (50:48)