Cover art for podcast The Military Millionaire Podcast

The Military Millionaire Podcast

194 EpisodesProduced by David PereWebsite

Our goal is to teach service members, and the working class how to build wealth, and invest in real estate so that you can achieve financial freedom and live the life you've always dreamed of!

46:21

How to Make a Fortune Buying Raw Land With Brent Bowers

Episode: 125

Brent Bowers

Join your hosts, David Pere and Alex Felice, with their guest Brent Bowers, as they talk about how he went from serving the military to purchasing, selling lands, and now earning about $41,000 in an average of monthly passive income.

 

Brent purchased his first property in 2007 and rented it out high on the market, but with what happened the next year, Brent knew he needed to do something different – he entered the military. Although even during his service, Brent's passion for real estate stayed with him.

 

Brent now buys various land at massive discounts with his whole team and sells it at a premium with seller financing. In this episode, Brent lays down his process and methods of dealing with potential properties. He also shares what he believes to be a golden lesson he learned from his experience with tenants, those, and more as you tune in with us.

 

About Brent Bowers:

 

Brent is a transitioning United States Army Officer with a passion for helping sellers eliminate burdensome properties by figuring out their particular situation and seeing what works best for them.

 

He mostly will purchase the property fast to relieve them of the situation or recommend certain repairs so they can list with a Realtor and receive the highest and best possible price.

 

Outline of the episode:

 

  • [02:46] Buying houses at a low price and selling them at a premium.
  • [05:27] On why good tenants don't pay the higher price.
  • [08:05] Why it's not wise to have just about anyone rent your property.
  • [10:17] The common pitfalls of buying land.
  • [11:57] How do closing deals and losing money affect a beginner?
  • [17:17] Different ways you can quickly scale land.
  • [20:48] Zoning preferences, the factors that make them viable, and how to scout them.
  • [22:07] The process of sending out a land offer letter (LOL).
  • [27:22] On the steps Brent took when he started out buying properties.
  • [30:10] The varying demographic of buyers.
  • [33:07] On repeat buyers and the value of word-of-mouth.

 

Resources:

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Advice to an 18-20-year old:

Read The Wealthy Gardener

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Recommended resource(s):

The Land Sharks

 

Website:              http://thelandsharks.com/

Linkedin:              https://www.linkedin.com/in/brent1

Facebook:           https://www.facebook.com/brentlbowers1/

Instagram:          https://www.instagram.com/brentlbowers/

Twitter: https://twitter.com/brentbuyshouses

 

The Wealthy Gardener by John Soforic:

https://www.goodreads.com/en/book/show/42071647-the-wealthy-gardener

 

The Land Geek – How to Invest in Real Estate with No Money?:

https://www.thelandgeek.com/

 

Jack & Michelle Bosch Real Estate and Business Coaching Experts:

https://www.jackbosch.com/

 

Land Academy - Learn How to Buy Undervalued, Vacant Land & Quickly Sell It Online for More:

https://landacademy.com/

 

Follow our journey:

 

Blog:                      https://www.frommilitarytomillionaire.com/

YouTube:             https://www.youtube.com/c/Frommilitarytomillionaire/

Facebook:           https://www.facebook.com/groups/1735593999901619/

Instagram:          https://www.instagram.com/frommilitarytomillionaire/

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Sponsor:

Let us connect you with one of our vetted real estate agents, and/or VA lenders! https://www.frommilitarytomillionaire.com/va-realtor/

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Real Estate Investing Course: https://www.frommilitarytomillionaire.com/teachable-rei

Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/

Become an investor: https://www.frommilitarytomillionaire.com/investor/

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SUBSCRIBE: https://bit.ly/2Q3EvfE

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Website: https://www.frommilitarytomillionaire.com/start-here/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

Facebook: https://www.facebook.com/groups/militarymillionaire/

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My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom! - Click here to SUBSCRIBE: https://bit.ly/2Q3EvfE to the channel for more awesome videos!

THIS SITE IS INDEPENDENTLY OWNED AND OPERATED. ALL OPINIONS EXPRESSED HEREIN ARE MY OWN. THE VIEWS EXPRESSED ON THIS SITE ARE THOSE OF THE AUTHOR OR THE AUTHOR’S INVITED GUEST POSTERS, AND MAY NOT REFLECT THE VIEWS OF THE US GOVERNMENT, THE DEPARTMENT OF DEFENSE, OR THE UNITED STATES MARINE CORPS.

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