Had a blast today at the range with a great group of guys I mastermind with!
Land Deals Revealed
Questions to ask Builders/Buyers…
In this video, I go over some of the questions I'm asking builders that are potential buyers of a project of ours.
I go through this exercise each time we go into a new market.
1. Do you Self Develop (develop land for the Finished Lots)?
2. How many homes do you build a year?
3. What do you think my Lots are worth Finished?
4. How do you calculate what Lots are worth at Land Use Approval (Paper Lots, Preliminary Plat)?
5. What contingency % do you use for land development?
6. What Earnest Money % will you put up (non-refundable after Feasibility Period/ Due Diligence Period “DD”)?
7. How long of a DD do you need?
8. How soon will you close after Land Use Approval?
These questions have been very helpful in discovering who the best buyers are for our projects!
Don’t sacrifice your family for business!
Be aware of what you are Sacrificing!
What are you sacrificing?
Is it worth it?
Is it honorable?
Is it what you want to be known for… part of your legacy?
There are many phases of life, and the way we live our lives can't look the same in each phase…
…well that is if you truly want to be a successful individual.
What is there to know about raw land?
What is there to know about raw land? And how can you actually benefit from knowing what land your property is on?
I joined my good friend, Ken McElroy in a conversation about the power of raw land, what it takes to build new properties, and how real estate investors can benefit from knowing a thing or two about their land.
Check out this episode of Ken McElroy's Real Estate Strategies Podcast!
Inspiring!
Inspiring!
This was the first time I met Richard Branson… like a decade ago.
I sure have aged…lol.
I figured now was perfect timing to share this photo.
Richard is very inspiring to me.
Who inspires you?
Are you surrounded by people that inspire you? If not, I challenge you to change that.
We are hiring!
We are Hiring!
We are looking for someone to join the VestRight Team and lead our marketing efforts.
I'm a real estate professional and educator, not a marketer. Get involved with our company on the ground floor and be a part of building something very special…
…Let's Impact Lives in an amazing way.
This person has to have tremendous Digital Marketing experience (IM/Internet Marketing, Direct Marketing, Online Marketing).
If you are interested or know someone that might be, please email Scott (our CEO) a 30-second video on why you should be considered for the position along with your resume.
scott@investpdx.com
It’s ok to ask for help!
There is nothing wrong with needing/wanting/asking for help.
For those of us that are striving to become better each day…coaches, mentors, masterminds, courses, etc…are a big part of the process!
PS: Lindsay was in the cart because Avery wouldn’t ride in it at first by herself, lol.
Unless you are successful in all areas of your life…you have fallen short.
Unless you are successful in all areas of your life…you have fallen short.
This picture is with my son Bailey. I’m in Bend, OR currently, which is where he lives.
Bailey and I haven’t always had a great relationship which would weigh heavy on my heart.
I have the desire to succeed in all areas of my life.
Who cares about a successful business/money if you’re not putting that same energy into your relationships.
Had an awesome walk with him today along the river…talking about our relationship and real meaningful elements of life.
Here are two guidelines that we created a few months ago in our relationship that has helped us get closer again:
1. We don’t try and convince/push the other to think like/agree with the other.
2. We respect each other as men (Bailey is a 23-year-old young man).
I’m so proud of you Bailey and I’m thankful for what the Lord is doing in both our lives.
What are the typical terms you use?
Make sure it's a Diamond before you Pay for it!
If you are going to pay developable land values, make sure you don't close on the purchase until your development is Approved by the necessary jurisdictions.
The only way I believe you should ever close prior to these approvals is if you are paying “As-Is” value (farmland value or whatever…)
If you only learn one thing from me…please make sure this is it!
Believe. Action. Faith = Peace.
One of my favorite shirts!
Believe. Action. Faith = Peace.
Don’t mind my sunburnt neck…lol.
I’m currently in Bend, OR, and played golf today…forgot sunscreen!
I played today with the guy that was the first investor I ever had in the early 2000s.
He believed in me clear back then and I’m forever grateful!
Remember, “Character Credit” is the most valuable credit!
