In this episode of the Forever Cash Podcast, David Van speaks about creating wealth with your land investing business.
If you want to start creating meaningful wealth with your land investing business, register for our upcoming Land Profit Masterclass, starting August 9th: REGISTER HERE ? https://www.landprofitmaster.com
There are two types of land investors. The first is a prospective investor who makes a small side income doing the occasional land flip. The second is a serious business owner who is on the path to creating wealth with land investing.
When you start with the Land Profit Generator method, you will likely make a very nice side income with your first few deals. However, if your goal is creating wealth with your land investing business, you need to step into the role of business owner.
If your goal is to replace your salaried income with land profits, there are three critical steps that you need to take:
You have to be consistent to create wealth
Jack and Michelle Bosch often tell people that “you have to get in line and stay in line” to create wealth with your land investing business.
What this means is that you have to work consistently on your business and in your business. If you do a few deals on the weekends and then abandon your efforts for a few weeks, you will never be able to scale your land investing business to create a stable income for you and your family.
Take advantage of systems to scale
One of the most significant advantages of the Land Profit Generator method is that the entire business model is digital. And the greatest advantage of a digital business is that you can use digital systems to automate processes.
The Land Profit Generator method includes a comprehensive CRM, the Investment Dominator, which you can use to track your deal-making process from start to finish. You do not have to rely on manual notes to keep track of your business, which means that you can do more deals in less time.
Invest in a team to create wealth with your land investing business
The most valuable asset in your land business is not Real Estate, it’s people!
When you start your land investing business, it is important to go through all steps in the deal-making process yourself. The best way to learn is to do, so you will need to do a few deals to gain confidence and a deeper understanding of how the process works.
However, as you gain confidence and start to scale your business, you will need to hire people. If you want to scale your business while still enjoying freedom of time, you need to delegate.
If you build a robust and well-resourced team to take care of some of the “busy work,” you will be able to do more land deals more consistently.
How to collapse time and start creating wealth with your land investing business NOW
Finally, it can take a considerable amount of time to put all of these measures in place to start creating wealth with your land investing business. However, the best way to collapse time and become a business owner is to learn from those that have already achieved mastery. The Land Profit Coaching Program offers prospective investors the opportunity to collapse time.
If you are struggling to reach the point where you are creating wealth with your land investing business, book a call with one of our consultants today: www.landprofitcoaching.com