#28 How To Build A Profitable Land Flipping Business with Mike Deaton
Manage episode 424054128 series 3564559
On this episode, Mike Deaton shares his experience in land flipping and multifamily investing. He explains how he got started in land flipping and the process of finding and marketing parcels of land. He emphasizes the importance of finding a coach or mentor to accelerate your journey and limit mistakes. Mike also discusses the different strategies and value-add opportunities in the land business. In the multifamily space, he talks about the benefits of passive investing and the active role of being a general partner. He shares his plans for the future, including exploring other asset classes like self-storage and business acquisitions.
In this episode, we'll cover:
- Finding a coach or mentor can accelerate your journey and limit mistakes in real estate investing.
- Land flipping offers the opportunity for high returns and cash flow, especially when properties are bought at a discount.
- Marketing land can be done through various channels, including Zillow, Facebook, Craigslist, and specialized land marketing websites.
- In multifamily investing, passive investing allows for cash flow and wealth building, while being a general partner involves more active involvement and responsibilities.
- Exploring other asset classes like self-storage and business acquisitions can provide additional investment opportunities.
Click here for the show notes from today’s episode: podcastingyou.com/mike-deaton
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