Posted on: May 21, 2021

WIP 693 | Return On Investment

 

If there is one thing you can say about Warren Buffett, it is that his advice works. Chris Arnold’s guest in this episode is living proof of this. Brent Bowers prefers to buy properties with massive discounts and sell them at easy financing, without credit and background check, to someone who comes to him with a down payment, giving them affordable monthly payments in return for the land of their dreams. He found those properties through a close-out sale with Paul, whom he met in a Facebook group at a massive discount of $1K, expecting a gross enterprise value of $33K from multiple land deals! In this episode, Brent breaks down the close-out sale deal with four properties he and his team made with Paul, a wholesaler he met in a Facebook group. Learn another way to level up your wholesaling business through lands from Brent himself, as guided by the advice of the great Warren Buffett.

Wholesaling Quicktip – How To Achieve 377% Return On Investment By Following Warren Buffett’s Advice With Brent Bowers

Brent prefers to buy properties with massive discounts and sell them at easy financing, without credit and background check, to someone who comes to him with a down payment, giving them affordable monthly payments in return for the land of their dreams.

Episode Transcription

I wanted to finish out and give you a success that we got on our team. I’m part of several Facebook groups where there are other land investors. There are other land investors out there. It is a niche inside of a niche. It’s a very small world but there are some great people out there. I wanted to explain the deal what my team and I did. I came across a friend of mine. My friend’s name is Paul. I purchased four lots from him. Paul is a wholesaler. He’s a land wholesaler. I don’t think he does a lot of buying, holding and seller financing like I prefer to do. I prefer to buy the property super cheap, massive discount, turn around and sell it at easy financing, no credit, no background checks to where someone can come to me with a down payment. I can give them affordable monthly payments and then they have the land of their dreams.

It’s not about doing just one land deal. It’s about doing multiple land deals.

I came across Paul in a Facebook group that we’re both a part of. I noticed that he had a wholesale list. I look at his list and I asked him how much for everything that he had left. It was only four parcels left. I was the closeout sale. He was probably ready to be done answering all these questions but this guy had four amazing properties. Two of them were in Colorado and two of them were in Arizona, two of the most wonderful states that I love investing in. My number one is Colorado because I live here. Number two is Arizona because there’s always going to be great demand for Arizona land. It’s warm. What we have a lot of in the United States is people getting old, looking for warm places to retire.

I asked him how much for all of them. He was looking for almost a little over $9,900. He ended up giving me all four for $8,800. He gave me a heck of a discount, roughly $1,000 discount just because I was taking everything off of his plate. Let’s fast forward. About six days, we’ve already got two of those Colorado lot sold. We are projected to make a gross enterprise value of $33,305 when we sell all four parcels of those lands. What does gross enterprise value mean? It means we are creating an enterprise value of $33,000. That $33,000 will be paid to us over the next several years in monthly payments.

Here’s what I want to get through to you. It’s not about doing just one land deal. It’s about doing multiple land deals. As you can tell, I bought four parcels of land for $8,800. One of those is 10 acres. One of those is 2.5 acres. The other two in Arizona are small lots. One’s close to a golf course. One is in the absolute middle of nowhere. We’re buying them at $2,000 a piece, turning around and selling them for $8,200 apiece. If you break this down, this is a 377% return on investment.

WIP 693 | Return On Investment

Return On Investment: Success starts with the land. There are probably 15 other house investors for every land investor, so there’s virtually no competition.

 

Warren Buffett has a thing where if he spends $1, he wants to make $3 back so it’s roughly a 300% return. We’re following Warren Buffett’s strategy. This is not Brent’s strategy. I have not created anything here. I’m just following a strategy in taking $1 and turning it into $3.77. That’s a very simple way to look at it. My favorite way to buy land is mailing land owners. However, there are people that have already mailed the land owners like Paul. He has already done the due diligence. He’s already paid for the title reports. He’s already got the pictures and the videos. This package, here’s the number one bonus, came with pictures, video, title reports and due diligence.

By the way, Paul is taking his time to write up the warranty deed. He’s transferring these to me via a warranty deed. What a warranty deed means is he is warrantying this thing that there are no liens or encumbrances since the beginning of time. If there were, they’re already taken care of. If something were to come up, Paul would have to warranty this stuff. He is not only giving me pictures, video, due diligence reports and title reports, he’s also taking his time and money to file the deeds for me. These things will be in my name. You don’t just have to mail people. There are people out there that hand you this land on a silver platter. You can turn around and sell it before it’s even in your name. If you notice at the beginning of this show, I said we’ve already sold two of those parcels of land. Helen, my land sell specialist has been waiting for me to get more property. When she saw these, she was pretty happy.

Carefully executing your strategies will lead to huge and long-term success.

I wanted to share the huge success with this. We’re doing this all the time. Everybody is looking right past the land. They’re running towards these stinky cat pee houses, these apartment complexes, these mobile homes but everyone is forgetting about the land. Land is where it’s at. It all starts with land. For every single land investor, there are probably fifteen other house investors. There’s virtually no competition.

I hope you were able to get some value out of this. Thanks so much for joining me. If you’re interested in getting started on your way to generating passive income through land, head over to WholesalingInc.com/land. Schedule a call with me. We’ll hop on a short call together and we’ll discuss your real estate investing goals. If it sounds like we’re a good fit together, I’d be honored to help you in your land investing journey. I’ll see you next time, land sharks.

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About Brent Bowers

Brent Bowers, is an investor and coach with a focus on buying and selling vacant land. As an Army Officer with over 8 years of service, Brent was spending a great deal of time away from his family, and he knew he needed to make some changes in order to be more present with his wife and children. In a short period of time, Brent was able to expand his business, hire a team, and (most importantly) spend quality time with his family while still working hard and helping others. While Brent invests in many different types of real estate, his favorite investment strategy deals with buying and selling vacant land, and he enjoys sharing his expertise in this area with his coaching clients. Brent chooses to live his life based on Bob Burg’s quote, “Your influence is determined by how abundantly you place other people’s interests first.” He is passionate about helping other people find success in real estate investing, particularly in land investments.

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