135: Building Wealth through Real Estate... without Tenants or Toilets! with Seth Williams

Seth Williams invests in real estate in a way you may have never heard of before. He buys and sells land. And no, he’s not a developer. He literally buys a piece of blank dirt, and then sells it—frequently within days of buying it—for fairly high margins. And he does this without taking out loans for the purchase. How? He’s paying hundreds of dollars for this land, as opposed to hundreds of thousands of dollars for a piece of land with a house on top of it. He turns around and sells it quickly, frequently realizing a 300% profit—or more! Even better? Deals are EVERYWHERE! Land is literally everywhere, and deals can be found very easily. (We discuss several ways to find absentee vacant landowners, many of whom just want to be rid of the property!) Seth shares what to look out for in a deal so you minimize your chances of getting burned and what makes a deal great. He shares different ways to find these deals and even gives guidance for doing your homework so you know exactly what you’re buying. If you’d like to get started in real estate but may not have the funds or simply don’t have the time or desire to run a flip, land may be your way in. In This Episode We Cover: Seth's money journey His first land deal The reason why people buy land How to get into your first deal buying land What you should know about title insurance Dealing with mistakes All about title searches Tax implications of buying land The best and worst type of land for those just starting out And SO much more! Links from the Show BiggerPockets Money Facebook Group Dave Ramsey's Envelope System The title search article/video Land Flipping Lifecycle How to Juggle Your Real Estate Business with a Full-Time Job Six Months After Quitting My Job, Here Are My Honest Thoughts Learn more about your ad choices. Visit megaphone.fm/adchoices