75 min listen
135: Building Wealth through Real Estate... without Tenants or Toilets! with Seth Williams
135: Building Wealth through Real Estate... without Tenants or Toilets! with Seth Williams
ratings:
Length:
77 minutes
Released:
Jul 27, 2020
Format:
Podcast episode
Description
Seth Williams invests in real estate in a way you may have never heard of before. He buys and sells land. And no, he’s not a developer. He literally buys a piece of blank dirt, and then sells it—frequently within days of buying it—for fairly high margins. And he does this without taking out loans for the purchase.How?He’s paying hundreds of dollars for this land, as opposed to hundreds of thousands of dollars for a piece of land with a house on top of it. He turns around and sells it quickly, frequently realizing a 300% profit—or more!Even better? Deals are EVERYWHERE! Land is literally everywhere, and deals can be found very easily. (We discuss several ways to find absentee vacant landowners, many of whom just want to be rid of the property!)Seth shares what to look out for in a deal so you minimize your chances of getting burned and what makes a deal great. He shares different ways to find these deals and even gives guidance for doing your homework so you know exactly what you’re buying.If you’d like to get started in real estate but may not have the funds or simply don’t have the time or desire to run a flip, land may be your way in.In This Episode We Cover:Seth's money journeyHis first land dealThe reason why people buy landHow to get into your first deal buying landWhat you should know about title insuranceDealing with mistakesAll about title searchesTax implications of buying landThe best and worst type of land for those just starting outAnd SO much more!Links from the ShowBiggerPockets Money Facebook GroupDave Ramsey's Envelope SystemThe title search article/videoLand Flipping LifecycleHow to Juggle Your Real Estate Business with a Full-Time JobSix Months After Quitting My Job, Here Are My Honest ThoughtsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Jul 27, 2020
Format:
Podcast episode
Titles in the series (100)
#19: The Ultimate Real Estate Retirement Plan with Chad Carson: Chad Carson has never had a “real job.” Instead, he has parlayed his experience helping with his father’s rental business into his own real estate rental business. Now, Chad owns enough real estate that he’ll never have to work at a real... by BiggerPockets Money Podcast