David Hill

How To Value Land

I had an opportunity to talk with someone recently about how to value land.

This fellow had a piece of property that he was asking me to look at. It was just down the road from another parcel that had just recently sold. These two pieces of land were similar. They were the same size, had the same zoning, same school district, same jurisdiction. As far as he was concerned, everything was the same and he assumed his parcel should sell for the same price as the other that just sold.

When I sent them my opinion of the value of the land, he was kind of upset with me, as if I was trying to pull a fast one on him. He started to tell me how I was way off and kept pointing to this other property that had sold close by.

I took the time to show him why I came to the conclusion that I had.

We went through both pieces of land. We compared apples to apples.

His property did not have complete utilities which the other property did.
I will have to pay for frontage improvements which were not necessary for the other property.
The topography on each piece was completely different, so I would have to spend additional money and the lots will sell for less.
There was an arterial road that was required to be added right through the middle of the parcel. I would not only lose the land due to the road but would also have the loss of buildable land because I won't be able to build driveways coming off of this road.

After comparing both pieces of land, pointing out all of the things that make these two seemingly similar pieces of land different, I took the price of the property that had recently sold and I plugged in all the costs and challenges that his property was going to have. He started to see why there was a difference between these two parcels.

After all that, the price of his property was substantially lower than the original price I had given him.

My point is, at the end of the day, no two pieces are the same and you have to look at each project individually.

Don’t just fake it! Get educated in land in order to know how to value those projects.

Are you ready to start putting your own land deals together? We can teach you how with our course, Land Deals Revealed! The best place to start is by watching our presentation video here: https://shrtlnk.co/KuwiM

We also have a course geared towards realtors called Land Listings Unleashed. Learn how land deals work in order to be an expert for your clients. Take a look at our video presentation here: https://shrtlnk.co/YCy6d

Posted by Cody Bjugan – VESTRIGHT on Tuesday, August 25, 2020

Overhead!

A big concern for a lot of people who are thinking of building a business is overhead.

What’s the cost to get started? What will it take to keep it running?

One of the great things about our strategy is that regardless of whether you choose to run your business part time or full time, there just isn't much in terms of overhead that’s required.

With a staff of 3, including Cody and a part time bookkeeper, our land development company, Allied Development, regularly brings in 7 figure returns year after year.

It's a beautiful thing to be able to generate that kind of return and not have to pad it with employees or an office building.

All of the things that can make a business difficult to get started because of cost is just not a part of what we do.

Our strategy can be entirely executed by you from your home office.

Although you may want to hire an assistant down the road to help you as you grow, that is entirely up to you.

VestRight’s strategy allows you to get started at a minimal cost to you.

Have you been thinking about starting a business? Is real estate a passion of yours? If so, you should definitely check us out!

If you want to learn more about our coaching program and how our program can help you, take a look at our video presentation here:

https://shrtlnk.co/KuwiM

Posted by Cody Bjugan – VESTRIGHT on Thursday, August 20, 2020

Become The Best You Can Be

I am continually self-educating.

Whether it's books, courses, support groups, education events…I am always looking at what I can do to continue to grow to be the best business man, the best father, husband and friend that I can be.

What are you doing to continue to grow?

I would love for everyone to leave a comment below and tell us what you are doing right now to grow your education and continue to become the best that you can be?

At VestRight, we strive to help others learn about how land deals work in the development world. We are here to teach and coach you.

If you want to learn more about our coaching program and how our program can help you, take a look at our training video here:

https://shrtlnk.co/KuwiM

Posted by Cody Bjugan – VESTRIGHT on Tuesday, August 18, 2020

Transforming Lives Through Real Estate

I was talking with a participant recently and we were talking about a land deal he has been working on. He just couldn’t get over the fact that 7 or 8 weeks ago, before joining our program, he wouldn't have even known what to do with this project and he would have just let it pass on by.

Now, with Land Deals Revealed, he has the knowledge and confidence to take these deals, evaluate them and put together an offer.

I asked another member, who is working on a multi-million dollar deal, can you imagine 10 weeks ago if someone would have said “you are going to go through this course and within weeks you are going to be putting together multi-million dollar offers on land deals”?

We both chuckled because it just would never have happened.

Here at VestRight, our tagline is “Transforming Lives Through Real Estate”.
This is exactly what we are all about!

We give people the knowledge and the coaching that will transform their lives.

If they take the tools that they are given, apply them and work diligently it will change their life!

The beautiful thing about land deals is the potential return is just so high. We have been generating returns in the mid six to seven figures regularly for years.

What we do, anyone can do and it will change your life!

For those of you who are looking for a strategy in real estate, are serious about getting some work done, who are coachable and decisive – all the qualities that you need to be an entrepreneur and to follow a successful business model, we have the perfect program for you!

If you’re interested, make sure you watch our video presentation here: https://shrtlnk.co/KuwiM

We will walk you through the steps that we are teaching our participants in our program, Land Deals Revealed.

On another note: Maybe you’re a real estate agent and maybe you’ve been wanting to get more involved in land deals but it just hasn't been a part of your expertise. We have a brand-new program just for you. It’s called Land Listings Unleashed.

So if you’re a Realtor and you’re ready to level up, watch our Land Listings Unleashed video presentation here: https://shrtlnk.co/YCy6d

So, whether you are an entrepreneur wanting to create a land business or you are a real estate agent wanting to learn how to incorporate land into your portfolio we have the program for you!

Posted by Cody Bjugan – VESTRIGHT on Thursday, 13 August 2020

I Have A Confession

I have a confession to make!

I think I may have hurt some feelings in my last video. I was talking about the fact that 99% of the realtors that I deal with are uneducated when it comes to land deals in the development world. They take on listings that they aren't prepared for, bringing no value to the deal and often just getting in the way.

But here's the thing: I'm not going to take that statement back!

But I do want to say that it's not your fault! There just aren't a lot of resources out there for you.

It's your job as a realtor to represent your clients as a professional, as an expert. And this is why we created Land Listings Unleashed. It will fill a need in realtor education that’s way overdue.

So as a realtor, if you want to go after land listings, if you want to be known as a land expert, be the realtor to go to list land, the realtor who knows how to work with developers, if you want to become that expert, go take our course. It's 21 days that you will not regret! This paragraph needs too much work for editing.

The most successful realtors I've known are comfortable doing land deals in the development world. They bring value to the deal and they make some off the chart commissions.

If you're ready to level up, get the education you deserve and become an expert in land deals, watch our presentation here: https://shrtlnk.co/YCy6d

I know you'll find tremendous value in it and you won't regret it!

Posted by Cody Bjugan – VESTRIGHT on Thursday, August 6, 2020

A Crowded Market

One of the great things a lot of our Land Deals Revealed members appreciate about our model is the LACK of competition.

We are the only developer in the entire US that is teaching people how to get involved in land development but avoid the big risks that Land Developers take. Because we’re the only one teaching this strategy, there just aren’t a ton of people out there doing it.

Our course is full of people from all walks of life, ranging from zero experience in real estate all the way up to home builders, fix and flippers and civil engineers. This course is designed to cover all levels of experience.

If you are in an industry where you are feeling crowded, take a look at what we do. It truly is a blue ocean out there – there just aren’t many people that have the knowledge and strategies that we provide our members on their way to becoming Land Acquisition Specialists.

If you would like to find out more about this course 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.

Posted by Cody Bjugan – VESTRIGHT on Tuesday, August 4, 2020

Land Listings Unleashed

I am super excited to make an announcement today!

We just launched a brand-new course called Land Listings Unleashed.
It's a major need that we have identified in the educational marketplace specifically for realtors.

If you are a realtor, more than likely you are uncomfortable with raw land and all the things you need to know in order to close these deals.

-How does raw land in the development world work?
-How do I put a value on a piece of raw land?
-What is the process?
-What is the timeline?

What are all the things you need to know in order to truly call yourself an expert? – Which is exactly what your client is hiring you to be.

They are hiring you to represent them and to help them in the process because they look at you as a professional and an expert.

A big part of being a realtor is controlling your client’s expectations and putting a value to their real estate asset.

Here’s the thing, I have worked with hundreds of realtors. I can count on one hand the number of realtors that are educated in land with development potential.

And realtors with a firm education in land can make a lot of money.
The last deal I did with a realtor that was educated in land, that realtor earned a commission of $200,000 – and that was one deal!

For all the realtors out there, ask yourself this:

– Do you want to scale your business?
– Do you want to diversify?
– Do you want to be in a position to earn commissions at life-changing levels?

If you don't have the education as an expert in land deals, these types of commissions aren't possible.

So if you want to learn how land deals work in the development world, become an expert in the land development space, then I encourage you to check out our course.

If you’re ready to take your business to a whole new level, the best place to start is to watch our presentation video here: https://shrtlnk.co/YCy6d

I guarantee there is nothing else out there like it and it's going to have a major impact on your career.

Posted by Cody Bjugan – VESTRIGHT on Thursday, July 30, 2020