By Jill DeWit
As I was recently perusing our Cash Flow From Land Program, I was reminded one reason “why we are all here”.
It came to me while reading a question Jack answered in our program’s content:
Why would anyone want that type of rural property?
I’ve heard commercial real estate guys call it junk land or junk lots. Sometimes they are called a paper subdivisions. Here’s my answer: I guess I generated more than twenty million dollars of “junk properties” to more than ten thousand happy customers. All kidding aside, “One man’s trash is another man’s treasure.” Here’s a great example: We recently sold a 10-acre property in Northern Arizona off of I-10 to a truck driver. He is paying us $100 a month for the next several years. He couldn’t be happier. This is his retirement plan. So, when people start telling you why the property you are buying way out in the sticks is “useless”, tell the truck driver story. Or better yet, make your own great customer stories after you begin collecting money every month. Everyone has opinions about what successful people do. My experience has been that the more successful you get, the more opinions you get from people.
I recall answering this question years ago for my family & friends. They were confused and extremely curious about what Jack and I were doing and how we could afford so much free time. (We still make sure to always set aside fun time!)
As I would attempt to explain this concept I realized that most individuals think we must dosomething to a property or somehow improve it to make it more valuable. As our members know, that is not the case.
We simply buy it right. And we are helping people (sellers) get rid of their unwanted asset. Or providing funds for them to use for something more important. Our sellers know I am going to mark it up and make a profit. They don’t want spend the time to create and advertisement and market their property themselves.
And they thank us all the time.