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In this episode, I sit down with Steve Hokanson, a land investor and founder of Thacksland Books, and one of the few people who has seen the actual numbers behind dozens of land investing businesses.
Steve provides fractional CFO and bookkeeping services to land flippers, which gives him a front-row seat to the real profit margins, biggest mistakes, and surprising truths in our industry.
We talked about:
Why 40% of land investors are scaling back or quitting.
Where people overspend (and don’t even realize it).
How to do seller financing the right way.
The silent expenses that destroy your margins.
What separates the most successful land flippers from the rest.
If you’re trying to grow your land business and want to avoid expensive mistakes, or if you want a realistic look at the current land investing landscape, this is an episode you don’t want to miss.
“I would never invest in a private fund again… I watched someone go to prison.”
“The most successful land investors are the ones doing it all themselves with low overhead.”
“You’re not alone. Everyone is finding it harder to do land deals right now.”
Listen in as we hear about what a land investing bookkeeper has seen from dozens of clients over the past several years, along with what is and isn’t working for people right now.
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About the author
Seth Williams is the Founder of REtipster.com – an online community that offers real-world guidance for real estate investors.
