FAT SEXY said:

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Tools. They can pay for themselves.

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Like screwdrivers and hammers..Just kiddings.

Or skid steers with attachments that you rent out?

mwp02ag said:

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I am buying and selling raw vacant land to generate income to put into multifamily also, funny. I went through the Land Academy system over the last year.

My second mailer has netted me two deals in escrow so far and I am still working to kill a couple of others. My first deal should close in two weeks and using the lowest comp to re-list will sell for 15% ROI. The high comp is more comparable and selling at 80% of that should move the property quickly for 112% ROI.

I'm also buying a 2 ac tract in a similar subdivision on the Nueces for $20k, neighboring lot sold last year $25k/ac. We will keep this one and put RV hook ups and STR our motorhome there until we can put a couple of cabins on it.

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How did you like the land academy course? Was it worth the money?

To be fair I did purchase the class Dec 2020 at 50% discount, I'm not sure they ever offer that anymore. I think full price now is like $2500 and $250/month after that. The $2500 gets you access to all the course materials and video trainings. The $250/m maintains your status at "member" but more importantly gets you their negotiated rates for Datatree and Neighborhoodscoop as well as free access to some of their other proprietary sites like Landtank deal funding. Deal funding is probably the best thing they offer after you understand the process. There is at least $26mm available for deals from a variety of investors with a variety of criteria. Deals are typically 100% funded by investors for 50% of the profit.

To me, yes its worth it. I am further today because of the classes. I needed the help with understanding how to scrub the data and make an effective mailer. They also have periodic Accountability Groups (AG) that members can join to help keep you focused. We were part of the first AG, it was helpful but a bit clunky. I'll say the same for the video trainings, I actually enjoy listening to Steve and Jill on the podcast and member calls but while it's obvious they have mastered this game they are not the best teachers. The videos have a ton of info but they can be difficult to follow sometimes and have a lot of fluff. That said, they are constantly listening to the group and working to make the training better. They released a couple of new videos late last year that really make more sense as well as updated their spreadsheet to be easier to scrub. It's very helpful if you already have a good understanding of excel.

Membership is by no means necessary if you already understand have an understanding of county selection, mailer construction and pricing. I also know you can go direct to data sites and direct mail companies and save a little bit of money or break even on the monthly membership cost. They also have free access channels on their discord server where you can ask questions, ask "would you do this deal" and can get an invite to the Thursday member calls. Their YouTube and clubhouse channels are also very good sources if you'd like to get a feel for it.

lb3 said:

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Perhaps the default rate is high enough he can sell the same property multiple times?

Or more likely, he buys 10ac tracts at 5k per acre, subdivides, and sells the .5 acre lots at 10k per acre.

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Someone read Sinclair's "the jungle"

High end Brownings

lb3 said:

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Perhaps the default rate is high enough he can sell the same property multiple times?

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Just find out if they put a lot of debt on them.

In the last 36 months I have purchased two local townhome rentals and an out of state vacation home that I may decide to rent out in a few years.

Everything else is being dumped into crypto/bitcoin.

Multifamily real estate for the last 6-8 years and now transitioning a bunch into mineral rights

If you're divesting we should talk. PM me if you're interested.

Farmer @ Johnsongrass, TX said:

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High end Brownings

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Under rated reply for sure

5% of net worth in collectible high end bourbon and wholesale barrels. Seems to be somewhat uncorralated from the stock market (at least it was in Spring 2020). Appreciates pretty steady. Trick is not to drink the investments.

Bought a SFH rental in Bryan, April of 2020 at a killer price because sellers were terrified of the pandemic. It's been cashing flowing pretty well and has probably increased 50% in value.

Looking to buy another rental, maybe MFH if the right deal comes along. May consider cashing some equity out of the first if needed

Maybe buy a few acres in central tx to sit on

Crypto other than those

dlp3719 said:

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5% of net worth in collectible high end bourbon and wholesale barrels. Seems to be somewhat uncorralated from the stock market (at least it was in Spring 2020). Appreciates pretty steady. Trick is not to drink the investments.

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Very interesting. What bourbons are you collecting and how/where do you store?

Have some investment money in some SFH rentals we still hold but trimmed that in last few years. A lot more money as LPs in syndicated real estate (Multi-family, retail, mobile home parks), some hard money lending, and an investment in a technology start-up.

LP investing with a fund that is buying single family rental homes, then selling the stabilized portfolio on a cap rate.

Pig is that a private fund or open to any investor?

Digital real estate in the metaverse.

UPDATE:

From my earlier post -

Quote:

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We sold a property in 2021 & finding things to buy has been harder than I'd imagine. We bought a couple more rent houses & we're now looking for some acreage for a change of pace. The prices are way up - I remember when I thought $4K an acre was robbery. I have no idea if it's a bubble or not but we are looking at properties that are big enough to split eventually if we choose to.

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We are under contract on a really nice piece of timberland. Perfect location for us to enjoy & hunt (minutes away) and big enough to split off some & still keep the exemption if we ever want to. Spending way more than we thought we would but it's a very desirable location - large, privately owned parcels with really great houses. Hard check to write knowing what acre prices were a couple of years ago, but beats sitting in the bank doing nothing. At least we'll have fun.

Congrats! That will be fun and guns, gold and ground are better than cash right now if you ask me.

jagvocate said:

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File5 said:

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Other than it being *****y land, is this a no-no? Or is he channeling Harry Wormwood (Matilda) in peddling cheap stuff and likely charging a fortune?

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Lot of assumptions friend. Basic rural vacant land that's overgrown. Perfect for Houston area trades workers to buy a mobile home and put it on their own .25 - .5 acre lot. Lots of first time homeowners get the land from their home from me. Also, I don't charge interest. Chew on how I do that for a little while

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Executory contracts/contracts for deed.

Still legal but a potential minefield to navigate through.

GE said:

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dlp3719 said:

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5% of net worth in collectible high end bourbon and wholesale barrels. Seems to be somewhat uncorralated from the stock market (at least it was in Spring 2020). Appreciates pretty steady. Trick is not to drink the investments.

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Very interesting. What bourbons are you collecting and how/where do you store?

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I'm super far down the rabbit role. At first I just liked Bourbon (2010ish) then everything I was drinking started going up in value. Anything from Pappy 15 when it was still Stitizel-Weller to one off Willet bottlings of Bernheim Wheat and Rye. The investment bottles I'm most confident in are the ones that will never get made again such as SW and Bernheim or prefire Heaven Hill. Available supply will continue to shrink and there is no more production.

Examples of good investments - EH Taylor Tornando Surviving Warehouse C - bought in 2013 for $700. Now worth $7500.

Did you know Van Winkle used to do single barrel selections in the 1990's and into 2000's? They just keep going up in value. One off stuff like Van Winkle 14 year bourbon.

Scotch bottles have reached $1 million plus. The absolute most sought after bourbon and rye bottles are maybe getting to just under $100k. I believe certain bourbon bottles could get closer to $1 million over time.

Storage is insured, temp controlled, no light.

As far as barrels, you can buy and sell wholesale barrels at various distilleries. A lot more money involved but the economics work.

Happy to talk more. I've mixed a hobby with investing.

FAT SEXY said:

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Just useful tools and equipment. Things for gardening. Things for carpentry. Things for Automobiles. Stuff that can help you DIY can definitely save you money in the long run.

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Not my main priority but Actually building up my tool collection when we have projects and have told my son, age 12, that this tool collection will be his as well one day so he will save thousands on tools and on projects.

My son having tools and knowledge will also save him time and money. Everyone forgets about the time/money equation.