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On this episode, I sit down with Steve Hokanson, a land investor and founding father of Thacksland Books, and one of many few individuals who has seen the precise numbers behind dozens of land investing companies.
Steve supplies fractional CFO and bookkeeping companies to land flippers, which provides him a front-row seat to the true revenue margins, largest errors, and stunning truths in our business.
We talked about:
- Why 40% of land traders are scaling again or quitting.
- The place folks overspend (and do not even understand it).
- do vendor financing the proper method.
- The silent bills that destroy your margins.
- What separates essentially the most profitable land flippers from the remainder.
Should you’re attempting to develop your land enterprise and wish to keep away from costly errors, or if you’d like a sensible have a look at the present land investing panorama, that is an episode you don’t wish to miss.
“I might by no means spend money on a non-public fund once more… I watched somebody go to jail.”
“Probably the most profitable land traders are those doing all of it themselves with low overhead.”
“You’re not alone. Everyone seems to be discovering it more durable to do land offers proper now.”
Hear in as we hear about what a land investing bookkeeper has seen from dozens of purchasers over the previous a number of years, together with what’s and is not working for folks proper now.
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In regards to the creator
Seth Williams is the Founding father of REtipster.com – a web-based neighborhood that gives real-world steering for actual property traders.
