In today’s show, Team Land Geek answers the often asked question, how much money do I need to get started in this business?
Joining Mark this week are:
- Scott Bossman
- Mike Zaino
- Mimi Schmidt
- Erik Peterson
- Tate Litchfield
- Scott Todd
So, how much money do you need to get started and, there’s a second part question, when should you start raising capital?
With answers ranging between 500-5,000, the team dives into their own beginnings and how much capital they started with and when it was time to raise more money.
All agree that you can start with too much capital but with all the options and creative ways available to purchase property today, you can start with little to no money to buy property and the only money you really need up front is for the mailings.
Listen in to find out that hard number Mark pressed the team for in order to get started, along with:
- How many weeks for mailing you should have enough money for
- Different options for buying land at little to no cost
- How too much capital can hurt you in the long run
- Should you factor in education
Knowing what you’re doing will not only give you that confidence to keep buying land, but it will teach you what to look for and what makes a good county. -Tate
Then, with all the talk about the many purchasing opportunities available today for land investors, thanks to the original land OG himself… who had to walk up the land investing hill… both ways, it had Mark feeling a little pained so he looked to the group for a little compassion.
Did he find it? Probably not, but it was all in good fun!
Finally, did you think the debate over reclining airplane seats was over? Think again! The battle rages on this week and leads to another debate over shoes or no shoes, in your home and in others. When do you enforce it in your own home and should it be an act of courtesy in others, or do you insist even when the house rules are no outside shoes inside.