Discord Question: Refusing To Resell A Property

This is episode number 2098. It’s Friday. You’ve made it through the week. We’re talking about implementing the path toward your financial reward. We’re talking about re-framing your mindset for 2025 so that you can get wealthy. Each day on the show, we answer a question from our Land Academy Member Discord forum and take a deep dive into land-related topics by popular requests.

Jason wrote, “It seems like every time I buy a property, I want to keep it forever instead of reselling it.” Does anyone have this issue or is it just me?

I have this issue.

That’s why we don’t go there. That’s the last thing you want to do too. If you’re like us, we are really land people. We’ll find beauty in everything, come up with a use for it, and fall in love with it. I don’t care what it is.

We’re really selective with our acquisitions way more than we ever have been in our career. We do much fewer deals but they count financially or they’re amazing property for the money. I have this issue. We’ve completely accomplished our goals. Some of these pieces of property are on the water and amazing. I do not have this problem with houses or mobile homes.

The thing is if you see it and fall in love with it, then you know how great it is. It should be a joy to sell it. Hopefully, that next person will fall in love with it too. It does make it easier too if you’re handling your own phone calls and doing the selling yourself. That’s what I’ve experienced over the years. When they call in and the potential buyer says something like, “I am calling about ABC property over in X County,” you’re like, “Did you see the waterfall?” They immediately go, “Yeah. I saw that in the photos,” and you could say, “It’s as beautiful as you can imagine.” When you start a conversation like that, it’s sold. It’s good news and bad news. You’re going to sell it. You love it but this is your business. Good for you.

Whatever you love about it, so is your buyer. They’re going to love the same thing about it.

Whatever you love about your property, the buyer will surely love it too. Share on X

When you have that attitude and you really appreciate it, it makes it much easier to sell.

Back in the day a long time ago before I met Jill, I got my dealership license to sell classic cars, and that was the worst idea ever. It almost bankrupted me because I wanted to keep every car, make it perfect, and clean them up. You can’t. That’s not a business. That’s a hobby.

An expensive one. This could be an expensive hobby too, Jason.

This is not the place for hoarding. Hoard money, not land.

We’ll find you another one. If you really want one down the road, there’s a special one you can keep but you can’t keep all of them.

There are rules about this like you have to use a certain amount or sell it.

Who has rules about it?

Implementing The Path Forward To Your Financial Reward

There are universal rules about how if you have a house that you’ve only used once a year, you need to sell it. It could also be an RV or any of that stuff. In this episode, the topic is implementing the path forward to your financial reward. On Wednesday, we talked about your calendar. One of the things we talked about is setting up a calendar and putting all the events in there. That is the first and easiest. You can start it. Starting down the path of implementing your path forward is scheduling everything. You have a financial reward and it’s realistic. Let’s say it is $10 million. There’s a certain amount of money that you need to make year by year until you get to that goal. It might start out at $100,000 a year after tax. 

Your goals can change too. I like that.

They will change all the time.

That’s okay, but preferably not daily. 

They need to be better, not worse.

That’s the thing too. If you’re like, “I want to make $100,000 this year. I’m going to make $50,000 and then next year, it’s $25,000,” that’s not the direction you want to go. You want to start with $25,000 then $50,000, then $100,000, and so on. 

We talked about all these self-assessment scenarios. Getting your mindset ready so that you’re going to become wealthy, whether it’s through buying real estate or not, none of that matters unless you start to implement it. Implementing is not a lot of fun. Every project, and this is a lifelong project that you’re signing yourself up for to become wealthy, at the beginning is a blast. The beginning of everything’s a blast, whether it is the beginning of relationships, the beginning of having children, all of it. The middle, which is the longest, boring, darkest part, and most work, is not fun. That’s where people taper off.

You want to implement a path forward and cause these habits so that during the middle of the middle period, it’s a habit. Exercise is a habit. I know what to do at 9:00 every single morning. It’s in my calendar. The alarm goes off and I don’t think about it. It’s what I do. The difference between Jill and everybody else is that without even talking about it, it’s like drinking water. We are constantly and continually still implementing our path forward. That’s how we are. It was like that the first day I met Jill and it has never changed.

Thank you.

Our goals have changed. We’ve altered some stuff along the way. We constantly adjust that but it doesn’t change. The fact that we’re doing it never changes. What I tried to do is put down things that we automatically do. The successful people that I know automatically do it.

They don’t think about it.

Everybody who’s very successful, I don’t hear them complaining about anything unless it’s an election year or something like that.

It could also be tax time. 

What they’re probably doing subconsciously is fixing it or putting it into a system so they don’t have to deal with it by hiring somebody or whatever.

There’s a little bit of bitching about it and then a solution.

That’s correct. I do a lot of complaining inside my head. Nobody hears about it unless it gets really bad.

Addressing problems usually involves a lot of complaining inside your head that nobody hears. Share on X

It leaks out.

We were talking about this not long ago. Back in the day, that never happened. I moved around the country to wherever the best job was. I did what I needed to do. I’ve been laughed at many times in my life for having an unplugged refrigerator. Back then, it was much more efficient to go to a diner and get the same thing every single day than it was to cook food, keep it, go to the grocery store, and all of that. I was on a mission back then and it paid off.

That’s really good. This is good stuff.

Episode Wrap-up And Next Week’s Topic

Start implementing this. Get your calendar out. Schedule what your day is going to be like tomorrow. Make sure education is in there. Whatever career path that you’ve chosen or has chosen you and you’re not into it, start the path to change that. If you don’t have the right people in your life, start down the path to change them. They’re not going to change. Trust me. People will not change. They’ll tell you they will but they won’t. Why fight it? Join us again for five more interesting episodes. You’re not alone in your real estate ambition. We are information and inspiration to buy undervalued property.