Land Deals Revealed

Know What You're Doing!

There are some sectors of real estate where you can “fake it til you make it”. Meaning, you can learn as you go along without too much risk.

Land Development is NOT one of those sectors.

So many times in my career I've had guys bring me a deal that they were trying to sell, oftentimes properties that they had purchased, only to discover that they had misjudged the true development potential of the property and ended up being upside down in the deal with no way out.

I'll say it again: Land development is not a sector where you want to go in uneducated. There's too much risk, too many things to know.

The good news here is that we can give you that education. We can teach you how to get involved in the land development space, but avoid the big risks that come with it. We are the only developer in the entire US that has put together a program that focuses on land development.

To learn more, check out our presentation video here: https://shrtlnk.co/KuwiM

Posted by Cody Bjugan – VESTRIGHT on Wednesday, May 13, 2020

Exit Strategies Explained

In this video we explain our exit strategies for making 5 to 7-figure returns on land deals, while avoiding the big risks that developers take in purchasing land and funding multi-million dollar subdivision construction projects.

For more info, check out our Land Deals Revealed presentation video: https://shrtlnk.co/KuwiM

Posted by Cody Bjugan – VESTRIGHT on Tuesday, May 12, 2020

Have We Slowed Down In This Crisis?

A question we’ve been getting a lot lately with this season we’ve been going through…

Are we still out there putting land deals together, given the current COVID crisis?

The answer is YES.

There are 2 reason for this:

1. We are seeing development construction costs come down right now.

2. We’re seeing seller confidence come down as well. And it’s allowing us to put deals together that maybe didn’t work 6 months ago.

So let’s talk about construction costs. For about the past 5 years, it’s been challenging to put some deals together is because the construction costs have been so high.

The reason the construction have been so high is that the demand has been higher than the supply. The 2008 recession took out a lot of contractors. And unfortunately, a large percentage of those contractors never came back. So we’ve found that there currently there aren’t enough contractors to meet the demands of construction. So there’s more demand than there is supply… and costs go up.

Now, there are some asset classes of real estate where I would suggest you hit the pause button. But with our world – single family residential development – I don’t believe that now is the time to sit on your hands. I think now is the time, from the developer’s standpoint, to be putting deals together.

With our development deals, from the time we go under contract with a piece of property, it’s a couple years down the road until we take the real financial risk of closing on the land and developing it. So we have some runway before the real risks hit.

Regarding seller confidence, we’re also seeing that come down. For the last several years, many sellers have been stubborn in their pricing. They have felt like they hold the leverage.

Now, suddenly, these stubborn sellers are starting to call us wanting to do a deal. Their confidence level has been put in check.

That allows win-win deals to be made and it’s extremely encouraging.

It’s time to make some money.

If you want to learn how to do what we do – making 5 to 7-figure returns on land deals, check out our presentation video here: https://shrtlnk.co/KuwiM

Posted by Cody Bjugan – VESTRIGHT on Wednesday, May 6, 2020

Enjoying The Work-From-Home Life?

Many people have transitioned to working from home. And as we start to see shelter-in-place easing up and businesses starting to re-open in the coming weeks, many people out there will start to be called back to the office.

Is that something you’re looking forward to? Or maybe you’ve settled into this new rhythm of working from home and the thought of heading back to the rat race, fighting the daily commute, the conference room meetings, the day-to-day 9 to 5 routine, is not something you’re looking forward to.

If you’ve transitioned to working from home, and you’re enjoying it, have you put any thought to approaching your boss or your manager to discuss the possibility of continuing to work from home, maybe even if it’s just a couple days a week?

Cody and I have been working from home for years. And it’s a luxury and a blessing we would not want to lose.

If you’re interested in learning our business model, our strategy, check out our presentation video here: https://shrtlnk.co/KuwiM

It not only allows us to work from home, but it allows us to work from ANYWHERE.

But let us know! Are you looking forward to getting back into the office? Or have you settled into the work-from-home life and are loving it?

Have a great week everyone!

Posted by Cody Bjugan – VESTRIGHT on Tuesday, May 5, 2020

What Will You Sacrifice?

For many, this COVID lockdown has led to self-reflection.

Am I happy where I’m at?

In what areas have I settled?

Am I who I want to be?

So here’s the big question:

What are you willing to sacrifice to accomplish what it is you really want?

Visions and dreams are a great. But what are you willing to go through to get it?

For many who start moving towards their vision, once they hit any type of obstacle, they pump the brakes.

Think on this: Whatever it is that you want, do you want it so much that, when you hit a barrier, you’ll do whatever it takes to blow right through it?

Yes, much easier said than done!

But I want to encourage you: Whatever it is that you want, it is your choice. It is absolutely up to you whether you get it or not.

We make our living in land. That’s what we do. And to get to where we’re making 5 to 7-figure returns on our deals, we’ve had to break through many many barriers.

If learning land deals is your goal, check out our presentation video here: https://shrtlnk.co/KuwiM

But again, whatever your dream, whatever your passion…

Go get it. Don’t stop.

Posted by Cody Bjugan – VESTRIGHT on Wednesday, April 29, 2020

Driving For Dollars

I remember when I was 16 and I got my driver’s license. I LOVED driving. I was always looking for excuses to go somewhere, just because I wanted to drive.

And then, slowly, that passion faded away and driving became just another chore. Running errands was just running errands.

But now, in this world of shelter-in-place, I find myself getting excited when I have to go out to run an errand. Getting in the car and driving somewhere has become a bit of an exciting event I my life in the current situation we find ourselves in.

One of the perks of what we do is that it can be done from home. A lot of real estate strategies require driving to sites, assessment rehabs, taking tours of homes…

And there are a lot of guys out there who make “driving for dollars” a part of their weekly routines. They drive around looking for homes that could be good candidates for wholesaling a fix & flips.

I guess being locked in at home makes driving for dollars more appealing to me.

But the fact that I don’t need to live in the markets that I am targeting is a huge benefit. It allows me to target markets in other states. There are no boundaries. And that’s a beautiful thing. I can still go full steam ahead, despite the crazy quarantine!

If you’d like to get more information on what it is we do, check out our presentation video here: https://shrtlnk.co/KuwiM

Have a great and safe week!

Posted by Cody Bjugan – VESTRIGHT on Tuesday, April 28, 2020