Discover how a single land deal can outperform 100 real estate transactions by addressing the housing shortage in the United States. To learn more about this innovative program, click here to speak with our team.
Name Something On Your…….
Discover how a single land deal can outperform 100 real estate transactions by addressing the housing shortage in the United States. To learn more about this innovative program, click here to speak with our team.
Thoughts On Wholesaling
Hey everyone. I wanted to share some thoughts on the topic of wholesaling.
I have a bit of a love-hate relationship with the world of wholesaling. This is mainly because, while wholesaling can serve a useful purpose in the real estate world, it can turn into a slippery slope when it comes to maintaining integrity.
Wholesaling often includes 2 components: (1) Getting something under contract for under market value and then (2) exiting out of the deal without closing on the property. In this scenario, the wholesaler makes his/her money in the spread between the offer price to the property owner and the purchase price set up with the investor.
And it’s in the first point above where things can get slippery.
In order to get a real estate holding under contract for under market value, the wholesaler often has to seek out sellers who are in a distressed situation. Maybe they have medical bills to pay. Maybe they’ve lost their job and they need cash quickly. Whatever the case, for the “average” wholesaler to make money, he/she has to seek out and capitalize on these distressed sellers.
Now I’ll say this again: wholesaling in itself serves a purpose in the market. A distressed seller may be very eager to take a hit on the value of their property in order to get cash quickly. But I’ve spoken with a lot of wholesalers and that is commonly one of the main areas of the strategy where they struggle.
Our strategy in land deals, which we teach in our coaching program, Land Deals Revealed, shares a common point with home wholesalers: We put residential land deals together where we don’t need to provide the funds necessary for closing on the property and funding the construction of the subdivision.
But a big difference is that we don’t need to go out and find distressed sellers. We don’t need to put deals together at under market value. Our strategy allows us to put deals together at full market value and still make 5 to 7-figure returns.
There are many other differences between what we do, compared to the typical “wholesaling” deal, especially when it comes to exit strategies. But the “slippery” factor is removed by fact that we don’t need to go out and find deals at 30 cents on the dollar.
If you’d like to learn more about how we do this, check out our video presentation here.
Posted by Cody Bjugan – VESTRIGHT on Tuesday, September 8, 2020
Hey everyone. I wanted to share some thoughts on the topic of wholesaling.
I have a bit of a love-hate relationship with the world of wholesaling. This is mainly because, while wholesaling can serve a useful purpose in the real estate world, it can turn into a slippery slope when it comes to maintaining integrity.
Wholesaling often includes 2 components: (1) Getting something under contract for under market value and then (2) exiting out of the deal without closing on the property. In this scenario, the wholesaler makes his/her money in the spread between the offer price to the property owner and the purchase price set up with the investor.
And it’s in the first point above where things can get slippery.
In order to get a real estate holding under contract for under market value, the wholesaler often has to seek out sellers who are in a distressed situation. Maybe they have medical bills to pay. Maybe they’ve lost their job and they need cash quickly. Whatever the case, for the “average” wholesaler to make money, he/she has to seek out and capitalize on these distressed sellers.
Now I’ll say this again: wholesaling in itself serves a purpose in the market. A distressed seller may be very eager to take a hit on the value of their property in order to get cash quickly. But I’ve spoken with a lot of wholesalers and that is commonly one of the main areas of the strategy where they struggle.
Our strategy in land deals, which we teach in our coaching program, Land Deals Revealed, shares a common point with home wholesalers: We put residential land deals together where we don’t need to provide the funds necessary for closing on the property and funding the construction of the subdivision.
But a big difference is that we don’t need to go out and find distressed sellers. We don’t need to put deals together at under market value. Our strategy allows us to put deals together at full market value and still make 5 to 7-figure returns.
There are many other differences between what we do, compared to the typical “wholesaling” deal, especially when it comes to exit strategies. But the “slippery” factor is removed by fact that we don’t need to go out and find deals at 30 cents on the dollar.
Discover how a single land deal can outperform 100 real estate transactions by addressing the housing shortage in the United States. To learn more about this innovative program, click here to speak with our team.
If you’d like to learn more about how we do this, check out our video presentation here.
To Change The Story…….
Discover how a single land deal can outperform 100 real estate transactions by addressing the housing shortage in the United States. To learn more about this innovative program, click here to speak with our team.
Realtors Must Diversify
The average real estate agent focuses on the purchase and sale of homes.
They’re often confined to a small market area.
The competition is fierce.
Most of us can name at least a few agents, whether it's a family member or a friend or a soccer mom. The market is saturated.
On the other hand, a friend of mine is a real estate agent but he specializes in land.
He’s not bound to a radius around his own community. He’s in a rare category. He knows something that not many agents know.
He knows land.He’s able to determine if a piece of property has development potential. He can put value to the land. He has a network of buyers. He knows the structure of the deal and what the developer needs which allows him to meet with a property owner and correctly and efficiently guide them all the way through the entire process from beginning to end.
Again, there just aren't many agents that know land and so he just doesn't have a lot of competition. And because he doesn't have to physically be on site for a showing, he is able to put deals together across each state that he is licensed. He is not bound to one city or one market area.
Development land deals tend to come with much higher price tags than an average sale of a home. This means his commission checks are much higher than the typical broker. He’s often in the 6 figures on his commissions.
Because he knows the industry and he knows the buyers, he is able to bring the buyer in. This creates a situation where there is no buyer’s real estate agent attached. That means he’s not splitting the commission.
The average real estate agent makes an average of $60 to $100 grand a year. A broker that knows land can make that with one commission check!
The issue has been that there just hasn't been anything out there to help real estate agents learn how to broker these land deals.
But with our program, Land Listings Unleashed, VestRight gives you everything that you need in order to diversify and give yourself an extra layer of protection against market swings. Not to mention, adding income to your revenue stream is never a bad idea!
If you are a real estate agent or broker and you don't know land or it's a weakness of yours, you need to check out our course. You can do this by watching our video presentation here: https://shrtlnk.co/YCy6d
Posted by Cody Bjugan – VESTRIGHT on Thursday, September 3, 2020
The average real estate agent focuses on the purchase and sale of homes.
They’re often confined to a small market area.
The competition is fierce.
Most of us can name at least a few agents, whether it's a family member or a friend or a soccer mom. The market is saturated.
On the other hand, a friend of mine is a real estate agent but he specializes in land.
He’s not bound to a radius around his own community. He’s in a rare category. He knows something that not many agents know.
He knows land.
He’s able to determine if a piece of property has development potential. He can put value to the land. He has a network of buyers. He knows the structure of the deal and what the developer needs which allows him to meet with a property owner and correctly and efficiently guide them all the way through the entire process from beginning to end.
Again, there just aren't many agents that know land and so he just doesn't have a lot of competition. And because he doesn't have to physically be on site for a showing, he is able to put deals together across each state that he is licensed. He is not bound to one city or one market area.
Development land deals tend to come with much higher price tags than an average sale of a home. This means his commission checks are much higher than the typical broker. He’s often in the 6 figures on his commissions.
Because he knows the industry and he knows the buyers, he is able to bring the buyer in. This creates a situation where there is no buyer’s real estate agent attached. That means he’s not splitting the commission.
The average real estate agent makes an average of $60 to $100 grand a year. A broker that knows land can make that with one commission check!
The issue has been that there just hasn't been anything out there to help real estate agents learn how to broker these land deals.
But with our program, Land Listings Unleashed, VestRight gives you everything that you need in order to diversify and give yourself an extra layer of protection against market swings. Not to mention, adding income to your revenue stream is never a bad idea!
Discover how a single land deal can outperform 100 real estate transactions by addressing the housing shortage in the United States. To learn more about this innovative program, click here to speak with our team.
If you are a real estate agent or broker and you don't know land or it's a weakness of yours, you need to check out our course. You can do this by watching our video presentation here.
Something You’re Thankful For…..
Discover how a single land deal can outperform 100 real estate transactions by addressing the housing shortage in the United States. To learn more about this innovative program, click here to speak with our team.
Keep Going!
Dreams and Goals: GO AFTER IT!
I just wanted to encourage you today to keep going! Keep pushing!
Whatever it is that you are aiming for, whatever goals you have. Whether it's in real estate or land deals or whatever…just don't give up!
At the end of the day, if you want it enough, you have to GO AFTER IT!
Sometimes we can be very excited and hungry to start heading towards our goals. Then we hit a setback and we tend to give up and put our tools away.
Don’t let that happen to you!
I am high school educated. I don’t have a college degree or formal education. I’m an ordinary dude from a small town.
I’ve failed many times and I continue to fail. But I am hungry and I continue to go after my dreams despite my roadblocks!
You will learn more through your failures than you will through your wins. So, don’t put down your tools. Keep going!
If you would like to find out more about our course, Land Deals Revealed, where we will walk you through all of the steps, the best place to start is to watch our presentation video here: https://shrtlnk.co/KuwiM.
Or if you are a real estate agent looking to expand your portfolio and you want to learn more about our coaching program, take a look at our video presentation here: https://shrtlnk.co/YCy6d
At VestRight, we don’t teach you how to get rich quick but we give you the tools needed to work your way to those 6 & 7 figure returns.
Posted by Cody Bjugan – VESTRIGHT on Tuesday, September 1, 2020
I just wanted to encourage you today to keep going! Keep pushing!
Whatever it is that you are aiming for, whatever goals you have. Whether it's in real estate or land deals or whatever…just don't give up!
At the end of the day, if you want it enough, you have to GO AFTER IT!
Sometimes we can be very excited and hungry to start heading towards our goals. Then we hit a setback and we tend to give up and put our tools away.
Don’t let that happen to you!
I am high school educated. I don’t have a college degree or formal education. I’m an ordinary dude from a small town.
I’ve failed many times and I continue to fail. But I am hungry and I continue to go after my dreams despite my roadblocks!
You will learn more through your failures than you will through your wins. So, don’t put down your tools. Keep going!
Discover how a single land deal can outperform 100 real estate transactions by addressing the housing shortage in the United States. To learn more about this innovative program, click here to speak with our team.
At VestRight, we don’t teach you how to get rich quick but we give you the tools needed to work your way to those 6 & 7 figure returns.
You Can’t Change What You’re Getting…
Discover how a single land deal can outperform 100 real estate transactions by addressing the housing shortage in the United States. To learn more about this innovative program, click here to speak with our team.
Realtors It’s Time To Level Up
This is for all of the Real Estate Agents out there.
Being in land development for the past 18+ years we have written our fair share of BIG checks. Most in the 6 & 7-figure range – typically going to property owners.
There have been occasions that our checks have not gone to property owners but instead, went to real estate agents in the form of commission checks.
And those commission checks have been BIG!
Just recently we wrote a check for $200,000 and another for $102,000 both going to real estate agents.
Fun Fact: I looked up the average earnings of real estate agents across the US. New York State had the highest average earning for real estate agents at about $90,000 per year. It went down from there in all other states.
What was interesting to me was that the two most recent checks that we have written by far eclipsed what the average American real estate agent makes in an entire year.
What makes these agents special?
THEY KNOW LAND.
They knew how to broker the deal. They knew how to find the buyer. They knew how to manage the property owners’ expectations. They knew how to identify if the property had development potential. They knew how to put a value to the land. They knew how to navigate all of the terms that developers need to have in place in order to make a development deal come together.
All these details that they knew made it possible for them to make these big commissions.
The sad, but real truth is that in this industry, the vast majority of agents out there; while they are great at the home broker game, they just don’t know land.
They don't know the ins and outs of how to put a deal together. And it makes them ineffective in properly brokering a land deal.
If you are out there and you are a real estate agent and these are things that you don't know, I don't blame you!
Until now, this information hasn’t been available to you.
You’ll notice, I said “until now”, because Cody and I are super excited about a program that we have just launched.
We have taken our 18 years of experience in the land industry, working with agents that are good at land and those that are terrible at it, and we have put together a course that is tailor-made for real estate agents who want to learn how to add land listing to their tool box. To be able to take a land listing and effectively take it through to closing and make those big commission checks.
Land Listings Unleashed is a 3-week course that teaches you everything you need to know as a real estate agent to allow you to go out there and put these land listings together.
This will be a game-changer for you. Not only will it allow you to put big commissions together to grow your revenue stream, but it will also help you diversify your business. It’s no secret that there are literally millions of Realtors out there. By learning this tool, you will set yourself apart in an over-crowded sector.
If you are a real estate agent and land has always been a weakness of yours, I encourage you to go to watch our video presentation at: vestright.com/levelup
This will move your real estate career to a whole new level!
Posted by Cody Bjugan – VESTRIGHT on Thursday, August 27, 2020
This is for all of the Real Estate Agents out there.
Being in land development for the past 18+ years we have written our fair share of BIG checks. Most in the 6 & 7-figure range – typically going to property owners.
There have been occasions that our checks have not gone to property owners but instead, went to real estate agents in the form of commission checks.
And those commission checks have been BIG!
Just recently we wrote a check for $200,000 and another for $102,000 both going to real estate agents.
Fun Fact: I looked up the average earnings of real estate agents across the US. New York State had the highest average earning for real estate agents at about $90,000 per year. It went down from there in all other states.
What was interesting to me was that the two most recent checks that we have written by far eclipsed what the average American real estate agent makes in an entire year.
What makes these agents special?
THEY KNOW LAND.
They knew how to broker the deal. They knew how to find the buyer. They knew how to manage the property owners’ expectations. They knew how to identify if the property had development potential. They knew how to put a value to the land. They knew how to navigate all of the terms that developers need to have in place in order to make a development deal come together.
All these details that they knew made it possible for them to make these big commissions.
The sad, but real truth is that in this industry, the vast majority of agents out there; while they are great at the home broker game, they just don’t know land.
They don't know the ins and outs of how to put a deal together. And it makes them ineffective in properly brokering a land deal.
If you are out there and you are a real estate agent and these are things that you don't know, I don't blame you!
Until now, this information hasn’t been available to you.
You’ll notice, I said “until now”, because Cody and I are super excited about a program that we have just launched.
We have taken our 18 years of experience in the land industry, working with agents that are good at land and those that are terrible at it, and we have put together a course that is tailor-made for real estate agents who want to learn how to add land listing to their tool box. To be able to take a land listing and effectively take it through to closing and make those big commission checks.
Land Listings Unleashed is a 3-week course that teaches you everything you need to know as a real estate agent to allow you to go out there and put these land listings together.
This will be a game-changer for you. Not only will it allow you to put big commissions together to grow your revenue stream, but it will also help you diversify your business. It’s no secret that there are literally millions of Realtors out there. By learning this tool, you will set yourself apart in an over-crowded sector.
Discover how a single land deal can outperform 100 real estate transactions by addressing the housing shortage in the United States. To learn more about this innovative program, click here to speak with our team.
This will move your real estate career to a whole new level!
Tell Me Something That You Dislike……..
Discover how a single land deal can outperform 100 real estate transactions by addressing the housing shortage in the United States. To learn more about this innovative program, click here to speak with our team.
