Land Deals Revealed

Thoughts On The Coronavirus

Posted by Cody Bjugan – VESTRIGHT on Tuesday, March 17, 2020

Buyers, Big & Small

People often wonder, when we put together land deals, but exit out of those deals prior to closing (and avoid all the big risks that come with purchasing property and constructing subdivisions), who are the buyers that we pass our deals on to?

And that is what this video is about.

If we were to start at the top, the “Big Boy” national home building companies, we’d see names like DR Horton, KB and Lennar Homes. These big national developers are great because they have the financial capacity to take on large projects. So, when we have, for example, a 100-lot project, it’s usually a big national builder that will be best suited.

At the other end of the spectrum, there are smaller, local developers/homebuilders. These are often local companies or individual home builders who will build 5, 6 or 7 custom homes per year. So when we have a smaller project that can be subdivided into just a few lots, the big nationals aren’t typically interested, but the smaller guys love the smaller projects.

And then there’s the “in between” – projects of say, 15 to 20 lots or so. That buyer is often a local outfit that builds 20-30 homes per year. For them, a 15-lot project could be a perfect fit.

The beauty here is that in our program, Land Deals Revealed, we teach you everything you need to know in order to put these deals together – how to identify land with development potential, how to structure a development agreement, how to find the buyers (so much easier than building “investor lists”!), and how to get paid for putting these deals together.

And we’re putting these deals together at MARKET VALUE. So no need to go out looking for distressed property owners.

And regardless of the size, these developers and home builders are more than happy to pay for these deals. When the deal is structured correctly (again, part of what we teach you), this is where you can see 5 to 7-figure returns PER DEAL.

For more info, check out our training video at vestright.com/action.

See you in the next one!!

Posted by Cody Bjugan – VESTRIGHT on Monday, March 9, 2020

I have property listed

Along with the common question “I have property. Can you give me some development advice?” (see last week's post on that topic), we also often get a similar question that goes something like this:

“Hey I've got a listing for a great piece of property. Give me call!”.

So here's the thing: VestRight is all about teaching folks:

1. How to identify land with development potential.
2. How to negotiate and structure residential land deals
3. BUT… how to exit out of those deals prior to taking on the big risks of purchasing property and developing land.

There are two important things to know when doing deals this way:

1. The risk is much lower.
2. The returns aren't as high. Where a developer may make 7 and 8-figure returns on a development deal, our strategy will yield 5 to 7-figure returns. We average in the mid to high six figure on our average returns.

So where does that leave us in regards to the question? Well, if you've you're trying to get property sold, VestRight is not really the best contact for you. Again, because we teach folks how to NOT buy property.

Now, I will say this: Our development company (Allied Development) DOES buy property. And we are active in the markets of Oregon, Washington and Idaho. So if you have a listing or a lead for development land in one of those locations, feel free to let us know.

But if your listing is outside of those markets, then we're not going to be a great contact for you. Your best bet is to reach out to local developers in the market you're in.

If you'd like more information on our program, start by watching our presentation video at VestRight.com/action.

Posted by Cody Bjugan – VESTRIGHT on Monday, March 2, 2020

Average Acreage

We get a lot of questions about “averages”. One common one is something like this:

“What's the average acreage of your land deals?”

Obviously, when it comes to goals and targets, averages are very important. But there are certain things that are difficult for us to put averages on.

When it comes to average acreage on land deals, there's no right or wrong answer. There are deals that are 100s of acres, and there are land deals that make sense that are 1 acre. A lot of it depends on the market you're working in and also, it depends on what you want your niche to be. Maybe you focus on infill projects where you go after smaller parcels. Or maybe you decide to only focus on larger deals. Or maybe you target ALL shapes and sizes.

So at the end of the day, there is no average acreage per land deal. But the good news is: there's great money to be made regardless of the size!

For more info on our program, Land Deals Revealed, start here: https://vestright.com/action.

Take care!

Posted by Cody Bjugan – VESTRIGHT on Thursday, February 27, 2020

I Have Property

We get a lot of people reaching out to us with a question that goes something like this:

“Hello. I have 20 acres of property. I think it has development potential, but I don't know anything about land development. Can you give me some advice?”

Well, there's a lot to say on this topic, so we put together this video.

One of the main takeaways here: developing land is extremely high risk. And we don't actually recommend it to our participants. We are all about teaching our participants how to put together land deals, make 5 to 7-figure returns, but without having to take on the risks of purchasing property or constructing subdivisions.

For more information on this: VestRight.com/action

Posted by Cody Bjugan – VESTRIGHT on Monday, February 24, 2020