Jack Bosch emigrated from Germany to the United States in 1997, and since 2002, he has purchased and sold over 4,000+ properties with co-founder Michelle Bosch.
With his Land For Pennies investment method, Jack and Michelle went from zero to a million in just 18 months and moved on to build a real estate investment empire. They co-created The Land Profit Generator, which is on its way to fulfilling its vision of producing 1000 successful land-flipping business owners in the next two years!
Listen in as we talk about Private Money, land-flipping, and more!
Key Takeaways:
- The secret to Land-Flipping success
- The three kinds of land properties
- Land-Flipping and Private Money
- Why the money comes first
- The Land Profit Generator method
- Jay’s first-ever land-only deal
Check out my book: 7 Reasons Why Private Money Will Skyrocket Your Real Estate Business and Help You Build Incredible Wealth!
Get it here for FREE: www.jayconner.com/moneyguide
Connect with Jack Bosch:
Website: https://www.landprofitgenerator.com/
Timestamps:
0:01 – Raising Private Money with Jay Conner
2:25 – Today’s Guest: Jack Bosch
6:38 – The Secret Sauce To Land-Flipping Success
11:06 – Three Kinds Of Land Properties
13:37 – Land-Flipping and Private Money
18:49 – The Money Comes First
21:30 – Jay’s Free Money Guide: https://www.JayConner.com/MoneyGuide
22:32 – The Land Profit Generator Method – https://www.LandProfitGenerator.com
31:14 – Jay’s First-Ever Land-Only Deal
32:58 -Connect with Jack Bosch: https://www.LandProfitGenerator.com
From Zero to $1 Million With Raw Land | Raising Private Money
Jack Bosch (00:00):
We went into the house flipping area and we failed. We just failed. We got deals on our contract that were horrible, where that needed $150,000 in repairs, and we, and, and, and they were only worth $150,000 after repairs. I mean, it was tear downs and, and it just, it just wasn’t working. Plus, I had a job that was traveling a hundred percent and we hated that. That’s one of the reasons why we got into real estate, that we hated what we were doing in our jobs. And, and so to just trying and trying and trying. We stumbled from this into tax lean investments, and then we bought some tax leans and they didn’t work out, even though all these strategies worked, but we, we didn’t make them work
Jay Conner (00:49):
At the moment, as you know, we are in a severely damaged and distorted national economy. The first six months of 2022 rival, the worst we’ve seen since at least Jimmy Carter. Some economic indicators are the worst we’ve seen since 19 29, 19 30, 19 31. And on top of that, the Dow Jones has the worst first half of the year in 30 to 40 years. And on top of that, the labor market is tight. It makes it hard to hire who you want, and it’s even tougher to keep ’em. On top of that, some businesses are still dealing with supply chain issues. We’re all dealing with the overarching inflation monster. Average inflation for businesses is hovering at 11 to 12%. Mortgage rates, as you’ve heard, have now tipped over 7%. And all indications are that it’s going to get worse before it even gets better. So I shouldn’t have to tell you that we’re in a tough place, but let’s talk about tough places and tough times.
Jay Conner (01:51):
How do you leverage your time? How do you make big profits in uncertain times? Well, here’s the answer. It’s in real estate and it’s by using private money in your real estate business. Right now, foreclosures are at an all-time high. They’re up 219% year to date over last year. Talk about opportunities to make a lot of money by helping a lot of people. Well, let me tell you, you’re gonna hear about that from my guest today. My guest is a good friend, Jack Bosch, and in this episode, this German immigrant came to the United States with only two suitcases in his hand, and he went from $0 to over 1 million in real estate in just 18 months. Well, how in the world did Jack do it? Well, he did it by doing deals like turning $5 into $17,000 in profit within 60 days on just one deal. Well, in this episode, you’re gonna learn how to do real estate with none of your money. So let’s dive in with my guess whatever order it is. Jack, welcome to the show, my friend.
Jay Conner (03:33):
Well, my guest today actually immigrated to the United States all the way from Germany back in 1997. And listen, he got here to the United States with only just two suitcases, a bunch of student debt, and all of the emotional, you know, stress you can imagine from moving all the way over here from another country. Well, since 2002, my guest and his wife co-founded their investment company. And guess what? They have purchased and bought and sold over 4,000 properties. Stop and think about that. Move here from Germany in 1997, start investing, and in that period of time do over 4,000 deals. Well, the method in which he and his wife used, he coined, no pun intended, he coined this phrase, land for pennies, the land for pennies investment method. And when he and his wife started this, they went from zero to a million in just 18 months using this land for Penn’s investment method.
Jay Conner (04:46):
Well, he and his wife, did all kinds of real estate deals. They’ve done land flipping, they got financing notes, tax delinquent, real estate, home rentals, commercial multifamily investments, and you name it. And they have done it well. This simple little-known what they called land for pennies real estate niche. Now, it has provided thousands of people with the opportunity to actually get into real estate investing, the real estate gain without the hassles of traditional real estate investing. So they have now called their method what’s called the Land Profit Generator Method. Well, in this land profit generator method, their team has spent thousands of dollars on marketing, testing letters, developing contract scripts, negotiating skills, and everything to where they’ve got all the resources that their students now use in what they call the land profit generator. Well, my guest has not only done all that, but he’s a best-selling author. His best-selling financial literacy book is called Forever Cash. And as I just mentioned, he and his wife Michelle are the creators of the land profit generator. And with that, I’m so excited to have my friend’s fellow mastermind member, Jack Bosch himself, the legend, the myth, the cement.
Jay Conner (06:26):
Well, Jack, here’s the deal. I mean, you move here from Germany, I don’t know how much English you knew over there in Germany. I don’t know. You’ve still got a pretty cool accent. But anyway, you move over here from Germany in like a very short period of time. You and your wife Michelle, you buy, you sell over 4,000 properties. Watch the how do, how do you like here with two suitcases to your name and you buy and sell over 4,000 properties. What, what’s the secret Salman?
Jack Bosch (07:03):
Well, first of all, thank you for having me, Jay. It’s always wonderful seeing you know we’ve known each other, for several years. So it’s, it’s always a pleasure. When I, when, when, when we hang out, when we get to see each other, you’re so positive, such a fun guy to be around. So it’s me, it’s my honor to be here. So why land? And what, what’s the secret sauce? Well, we stumbled into this just by accident. I mean, we, we, again, you can hear from my accent. I still sound like Arnold. But, and, to answer your question, yes, I did learn German English in, in high school, but it wasn’t very good. I basically caught up over here in the first year of being here. But then, we stumbled into this because we tried to traditional land or house flipping, actually, we tried to make that work.
Jack Bosh (07:55):
And the problems were that coming from another country, we had no experience. We didn’t know the terminology even of land, I mean, of houses. I mean, you, somebody talks about two by fours and it’s like two by four. What is that illegal? Is that what is two by four? No, no clue what that means. And when somebody talks about drywall, I didn’t mean what that knew what means. We didn’t know how to estimate repairs. So we went into the house flipping area and we failed. We just failed. We got deals on our contract that were horrible, where that needed $150,000 in repairs. And we, and, and, and they were only worth $150,000 after repairs. I mean, it was tear downs and, and it just, it just wasn’t working. Plus, I had a job that was traveling a hundred percent and we hated that.
Jack Bosch (08:44):
That’s one of the reasons why we got into real estate, that we hated what we were doing in our jobs. And, and so to just trying and trying and trying, we stumbled from this into tax lean investments and then we bought some tax liens and they didn’t work out even though all these strategies work, but we, we didn’t make ’em work. We failed at them. Like so many people fail at real estate. And then once we stumbled into the idea that we could take just like the contact on people that own properties on property taxes and see that instead of attending an auction where they would, where there’s auction was overrun by people and these properties went up to Brazil, we are like, could we just go and send them a letter and see if they wanna sell these properties, these tax delinquent properties to us before the auction?
Jack Bosch (09:36):
Well, we did that and everyone that responded owned land, they were like, what do we do now? So these people own land and, so we just figured, hey, we gotta be careful with the land. I don’t know, let’s offer an extra low amount. So we got, we offered 400 bucks on a 400 property. It was worth like $10,000 and we got it accepted and we sold it to the neighbor for $4,000. It was like, okay, well that is possible because I don’t need to estimate repairs. I don’t have any tenants, I don’t have any toilets, I don’t have any termites, and I don’t have any financing in place. Cuz at 400 bucks you don’t need it. I don’t have any of these hassles that come with real estate. Real estate is fantastic, but it comes with hassles and none of them were involved here. It’s like, okay, we can do that again.
Jack Bosch (10:22):
So we put a, we got a $500 we got a 40-acre parcel out in the rural area on the contract for 400 bucks, soldiers for $10,000. Then we got a property for $4,000 consultant for, for $15,000. We got a deal, we got 25 deals for $3,000 and sold ’em for $150,000. We got properties for $60,000 and sold them for 150,000. And every single time we didn’t even have to go see the property. We could do everything just from home cuz we didn’t have to estimate repairs, we didn’t have to look at foundations, and we didn’t have to deal with negotiation. We just made a low offer. And we’ve specialized in finding the people who are just sick and tired of owning the properties, sick and tired of paying property taxes and they just don’t want their properties anymore. And that’s the secret sauce.
Jay Conner (11:06):
Would you say that your primary target market still today is locating these properties using the land flipping generator method? Would you say that the majority of your sellers are behind on their taxes?
Jack Bosch (11:28):
Great question. No, no. That was only how we got into the market. Very quickly we realize that, that the vast majority of people to that we made offers had already paid back their back tag by the time we got the data from a county or from a data source. And by the time we sent them a letter, like 80, 90% had paid their back taxes already. They owned these properties pretty clearly, yet they were still willing to sell these properties from, was nothing. So then we realized, oh my god if only like five to 10% of our deals are actually tax delinquent, we are restricting ourselves so much if we only go after tax delinquent. So we blew this up and we now go and for years and years, we have gone after really any kind of land. Well, we’re focusing on three kinds of pieces of land in the path of growth, right?
Jack Bosch (12:16):
So right outside of larger cities and larger acreage in more recreational areas, these are the three kinds of properties. But in that 95% of the deals we do now have no back taxes. They’re family-owned properties in many cases. They’ve owned them for 30, 40 years. The kids don’t want them. The parents are getting older. They used them perhaps 20 years ago and had fun on the property, but now they no longer want them. They’re no more. Or they had moved, they had plans to move to the property. I no longer want to do that either. Cause now grandkids are born, the kids don’t want them. Or very simply,, they have inherited the property and heirs don’t want land. Airs want money, they just want to cash out of that thing. So, so yes, 95% of our deals are not tax delinquent. That’s only how we got into it.
Jack Bosch (13:01):
Cuz we went from house flipping, we couldn’t make it work to tax liens, bought some tax liens, and tried to buy some tax leads. And then we had that thought that hey, let’s send them a letter to see if they wanna sell. Instead of letting your property go to auction, they wanna sell. And from there we then realized that by the time we sent these letters, most people had paid their back taxes already. So we buy, we’re dealing with freeing clear properties that just, they wrote them off just like garage sale mentality. They’re just like, no, I won’t rent, I won’t stay settle my estate. My kids don’t want it, I don’t want it. Or the kids have inherited it and they’re like, yeah, I just want some money.
Jay Conner (13:35):
Makes a lot of sense. Jack, you and I have been friends for a long time. You know, my niche is raising private money. I raise private money primarily for single-family houses, but you know, you can raise private money for any kind of real estate, commercial apartments, self-storage land even as a matter of fact. I’m just curious though, has private money being a part of your real estate investing career along the way?
Jack Bosch (14:08):
So for the actual land flipping we were blessed and lucky that we never needed to use private money. But that is just obviously a coincidence or, or probably we, we, we walked past a bunch of deals early on because we didn’t even know such a thing as private money existed. Again, coming from Germany, different culture, a different way of building a different way of thinking. We didn’t even know that these things exist. So so did we potentially walk by deals that we could have gotten and could have locked down and could have used private money? Yes. So what we see now that we teach this now too, we teach this, we have hundreds of those students around or thousands of students around the country that do this successfully. We see that sometimes students come across the following kind of scenario. They come across a 300,000 piece of land that they put on a contract for a hundred thousand dollars or let’s say $120,000 and they wanna sell it.
Jack Bosch (15:12):
So they put it up for the market for let’s say $230,000 and they find a buyer. But that buyer wants to do a, wants to do a, sell a financing kind of deal. They don’t wanna pay $230,000 in cash. So that buyer says, well gal, I give you $50,000 down, but the rest I I I wanna finance. Well, private money could come in very, very handy in this case. Number one, to allow that, that that student to buy that property and just lock it down. Cuz when you buy it and lock it down, you don’t have to sell it for 200 or two 30, you can sell it for 300. It might take a little bit longer, but you sell it for full market value. Secondly, if by doing it, then selling it as a, as a sell of financing kind of structure, you can now develop a structure that perhaps you pay your private money from the proceeds there.
Jack Bosch (16:03):
Or what you can do is you can age the loan for the note for a little bit and then sell that note for perhaps $180,000 and then pay your private money off very quickly. There are many different ways that you can do creative financing and land and sometimes private money is very, very useful for that. Or sometimes private money can also be used if you have a true trust relationship with somebody that that somebody says that, you know what I, I’m gonna just, we have students do that. They have from friends and family. They raised let’s say a hundred thousand dollars and they use this a hundred thousand dollars to buy properties outright or they’re taking $10,000 because typically we’re dealing in the about $10,000 market value to 300,000 market value space. So you might come across somebody that says, Hey, I wanna, I want, I wanna give you this property, but I I I’m agreeing to your price of $20,000.
Jack Bosch (16:55):
Let’s say the property’s worth $80,000, but they really need to close quickly for some reason. Well, if you don’t have 20 grand, if you have friends and family give you 20 grand to buy that deal, now you own it and now you can put it on the market without a rush for $50,000, which is still almost half price and sell it, make it quick to $30,000 and pay your private money back. I could even do a split with the private money. You kept the private money be your money, your equity partner, your money partner. So, so yes, there’s lots of use for private money, in land flipping. Having said that, 97% of our students, do what’s called assignments or double closes. So in essence, they flip properties very quickly without ever using any of their own money. So our typical student doesn’t use private money, but what I see it being used again and again is once this student goes from a beginner to an advanced student and they see, see that they could perhaps take a deal and split it.
Jack Bosch (17:51):
Like one of her students took a deal that she could get for $50,000 and she could have sold it for a hundred for $80,000. So in this case, she would’ve done a double closing or assignment and made $30,000. But in this scenario, what she saw is that this is a lot right on the street. So she actually bought the property for $50,000. She actually used private money for that. She borrowed from somebody $50,000, bought the property, then subdivided the property into 10 pieces, and then sold 10 pieces, to a builder for a $300,000 profit. She might have not been able to do that. She was fairly early in her investment stage. She might have not been able to do that with her own money yet cuz she might not yet have 50,000 on the sideline. So private money can be tremendously useful to make more complex deals happen or more, a little bit more involved deals happen, but most students, start out not using any of their money.
Jay Conner (18:47):
Yeah. You know I teach people and I practice in the single-family house business, the money comes first. I mean, you know, I’ve, Jack, I know you’ve heard it a thousand times and I have too where you’ll have some real estate investing trainers say, oh, get the deal in the contract. Get the deal of the contract, the money shows up, and I go, if you need private money to show up, what’s it gonna do? Right out of the clouds? I just don’t like that stress. I’d much rather have the money raised ready to go, then you don’t have to worry about on missing out on any deals. So so
Jack Bosch (19:25):
I agree with you on that. I agree with you on that. Jay, because like what I found, babe, if I go back in my own experience, if I would’ve found this the greatest deal in the world, let’s say a million dollar house for a hundred thousand dollars, I would’ve not known where to get the money from, right? So the thing is, yes, the money, the money will come when you get the right deal, but the money will only come if you already have the right relationships with the money, right? So a hundred percent agree, you’ve gotta build the money relationships first. Like we, we, we have a multifamily deal, we also do a multifamily deal. We have a multifamily deal on a contract that right now that is that we are probably about a million dollars short in raising money for right now.
Jack Bosch (20:13):
And it’s not because we can’t raise the money, but we are raising two deals at the same time. So if we put all our effort on one deal right now, getting that deal closed, and then we are raising money on the other one, but it’s closing within like two weeks of each other. So we are probably about a million dollars short. I’m not losing sleep over that because I got money relationships, I’m like two phone calls and I got, and I have the money, right? Somebody just said, Jack, we know you Nike, we, we, we’ve done business forever for a long time. We know you’re, you stand, you’re standup guy here’s the million dollars, here’s what we need, boom, we got the money, we can go to closing. Then we go back funded and we release the money to the money again with obvious interest and so on. So, so yes, you can find the money. It it’s true that, that once you have, if you have a great deal, the money will come, but the money will only come if you have access to the money
Jay Conner (21:07):
You know, Jack, you’re exactly right. It’s like, you know, I tell people the worst time in the world to be raising private money is when you need it.
Jack Bosch (21:17):
That’s exactly right.
Jay Conner (21:18):
You know, it’s like, you know, your banker will give you an umbrella when the sun is shining. So it’s like I want to have my money relationships in place. And speaking of money, and relationships, I’m so excited, Jack, I just finished writing my recent private money guide and it’s free for you that is listening. You can download it for free. The name of this private money guide will get you on the fast track to private money doing business with individuals, how to locate ’em, what to say to ’em, and how to get them chasing you. And you never have to ask them for money. You simply learn my private money program and teach it to ’em. You can download it for free at www.jconjayconner.com/money guide. Again, you can download it. The name of it is Seven Reasons By Private Money will Skyrocket your real estate investing business and help you build incredible wealth.
Jay Conner (22:18):
Download it for free right at the end of this show at www.JayConner.com/MoneyGuide to get you on the fast track to Private Money. Jack, as we mentioned before, you and your wife Michelle, are the creators of what’s called the Land Profit Generator Method. First, let’s go and give everybody that website as to how people can learn in detail about the Land Profit Generator method. That is www.LandProfitGenerator.com. That’s land profit generator.com. But Jack takes a few minutes and just walks us through, giving us at least 30,000 views. What are the steps? Step one, step two, step three, how does this, or what is it about the land profit generator method? What is it? How does it work? How do you go from here to there to make money using?
Jack Bosch (23:21):
Okay, we’ll love to thank you very much. I’ll do that. So the first step is, again, we focus on three kinds of properties. We focus on infant lots. So think about a street, 35 houses, and one empty lot. The houses are worth 500,000 a piece. The lot is worth about 25% of that, which is about, what is that, $125,000 or so? And so you, you can get a deal like that under contract, let’s say for 60,000 or 70,000, let’s say 70. If you sell it to a builder for 95, and you make $25,000. The builder is excited because at that price point, even today, they can still build, they can make money and they can sell these properties, or the builder can just buy it and hold onto it and wait for the market to pick back up and just do some land banking. Either way, builders are buying these properties right now in like, like that second kind of deal, particularly if you offer it below market.
Jack Bosch (24:13):
If it’s 1 31 worth, 1 25, you offer it for 95, they’re protected, it’s great. The second kind of property we focus on is the properties again, in the path of growth. Now we sell those typically to what we call future retirees. People that are realizing that they have to downsize in cost. They can’t afford to live in the city because they don’t have the financials for it because rent is high and they’re gonna live on social security and perhaps some savings. So what a lot of them do is buy land 30, 40 miles, or 20 to 40 miles outside of a city, put a like buy an acre or two with all utilities, pay that off in monthly payments. So they love doing the sale of financing, which we love offering cuz it provides cash flow from land, which is something that most people don’t know exists.
Jack Bosch (24:59):
And then once they’re retired, they put, put a mobile home, they put a mobile home on there and they have a dignified retirement. So the third kind of property is the larger recreational property. And that one is super attractive, particularly since Covid for the RV crowd. People want more space. They want to have one to have their own mini ranch. They wanna be out there. So by focusing on these properties, what we are, what we strategically are doing is we’re focusing on properties of which there’s a lot of, and also of which there’s a lot of buyers that are willing to buy these properties. So we’re not just buying any kind of junk out there and then hoping it sells. We are buying strategically these kinds of properties that have a built-in huge buyer database. Number two. So the second thing we do is, how do you find those?
Jack Bosch (25:43):
While you look at growing areas in the United States, you look at attractive rural areas and growing larger cities and that’s where you go. The second thing now is because this is virtual real estate wholesaling, because it’s land, you don’t ever have to see it. So you can be anywhere in the world and do this. I think we have students in Germany that do 300 deals a year in the United States and they couldn’t even come to the United States during Covid. And now they come a few times a year and travel around a bit and, and meet and have now established a, a team over here and so on. But we also have students that do this whole absolutely a hundred percent alone from Chile, South America, Mexico, Canada, again, Germany, Switzerland, a hundred percent alone in the United States, and also people traveling to RV.
Jack Bosch (26:27):
So the second thing is, you can do this from anywhere in the world. So the third thing is this is a direct mail-based strategy. Direct mail still works for land flipping it, it’s, it’s much harder to execute on the house flipping side. We only send one letter one time and in a good market, we get a three to 5% response rate. That’s about 10 x what the house flippers are getting. And if you send secondary or third tertiary letters on there, obviously you can push it up to almost 10% in response rates. That is crazy. But that’s our reality. Then we got, so the first step is to select a good area. The second step is you get a list of records of property owners, of land owners in that area. Within that fall, in those characteristics of this kind of three properties we focus on.
Jack Bosch (27:11):
The third step is you send ’em a letter. We have a standard letter that we have split-tested a million times and, that we have not yet been able to beat. That gets you those three, four, 5%, well like four 5% response rates. Then when we, when these, the letter simply states ask them to contact us. So when they contact us back, we usually outsource that, to a call center so we don’t have to mess with calls from the seller. I love to enjoy my life with my family. Like I don’t, we spend a week a month in Hawaii, we have a place where we go spend weeks around travel around the world. And while that happens, phone calls are coming in the call center taking them. And then and then what you do is you do a little bit of value analysis.
Jack Bosch (27:52):
It’s very simple cuz all you need to do, is find out the ballpark value you use sold comparables or use, you can sometimes adjust by size. You do assessed values. There are five different simple ways that you find the value of the property. And once you’re used to it, it shouldn’t take you more than two to five minutes to get the, to get to a pretty accurate valuation of that property. And then you make an offer. Again, our offer is very important. We sent those offers out by in, we sent those offers out in actually by mail again. So we don’t sit down at a kitchen table and use our kind of psychological tricks to actually make them top, to wrestle the people down in the price. We simply establish an offer. And typically our offers are between 10 and 45 cents on the dollar. So yes, so we get an 80,000 property for $20,000.
Jack Bosch (28:37):
We get a 50,000 property for $8,000. We get a 20,000 property for, for, I don’t know, a thousand dollars or Juan, once Aran, one of our students just recently got a property for five bucks and then he sold it for $17,200. And that’s, that’s kind of the deal. And, and then and then we sent these offers out because we targeting what we call the non-wanters. The non-wanters are people who just wrote these things off. They have this garage show mentality. Again, their airs, all the things I covered already. They accept the offer and then we go sell these properties either to realtors or, by using social media like a Facebook marketplace, Facebook groups, Craigslist, and Zillow. You can put properties on Zillow even if you don’t need technically own them yet, right? Realtors through it all day long. But you can do that too.
Jack Bosch (29:26):
And our contract gives us the right to market their properties. We have a long time before we have to close on these properties, and we get back. We have a provision in our contract that allows us to back out at any time for any reason. So all these different things make this pretty much fail to prove because the worst-case scenario is you estimate a property’s worth $50,000, you get another contract for 10 and you find out you were wrong, it’s only worth $12,000. You cancel the deal, you just cancel, right? But that happens extremely rarely. And then we go, we find the buyer and then we send it to the tower company, we close, we do an assignment, a double closing, or we use private money to buy it and then sell it. Or we use transactional funding to buy it and then sell it.
Jack Bosch (30:08):
Either way. There are many different ways to close and most of our students use no money. They use assignments or double close where their buyer’s money pays for everything and then you make money. And our average profits are about on the low side you might sometimes do deals that only make you $3,000 On the high side, one of our students just yesterday reported they made $450,000 on an assignment. The reality of an average bread-and-butter deal, it’s more like the $15,000 deal. But again, with some being 5,000 and some being 50,000 and that’s it. That’s how a process works. Again, there’s no inspection of the property, there’s no talking to banks, there’s no talking, there’s no sitting down at kitchen tables there. You rarely talk to sellers. You sometimes obviously talk to buyers because they wanna buy from you, but it’s all a hundred percent virtual from the comfort of your home. We have done this since 2002, so for 20 years, the last time we actually saw a property we flipped was 2006. We have not seen a property for 16 years.
Jay Conner (31:09):
Well, Jack, that’s a fantastic system, a great way to get into real estate right after I learned about private money and, and started raising and attracting private money in 2009 one of the lead generator methods I was using to find motivated sellers for sale by owners. Fsbo was a lot, a lot that had a single wide mobile home on it. And it was on Marsh marshland overlooking Bogue sound off of Highway 24 near where we live Anyway. Now, if I hadn’t had private money, I couldn’t have done this deal. But here’s the point of my story. I bought it. I got the single-wide mobile home, moved off of the lot, and sold that separately. Now I’ve got a lot right there. Marsh Land built it high enough, you could get a nice view of Bogue sound that was my first lot land deal only I profited $225,000. Whoa. And I tell you what, I tell you what Jack, I remember thinking to myself, I sure do like the rehab process on these lots. Let me tell you,
Jack Bosch (32:29):
I love those two, those rehab processes are the best thing ever because they’re exactly zero effort. Yes.
Jay Conner (32:36):
Well, I love your method, Jack. I love, love your integrity. I love your spirit and I love your giving back to Servants Heart where you’ve taught thousands of students across the United States and internationally how to do business whether they have private money or they don’t have private money using your land profit generator method. And one more time, you can get in touch with Jack and his team@www.land profit generator.com and you for sure want to check out Jack and his team. Jack, thank you so much for joining me. I hope I get to see you at one of the masterminds that you and I remember soon. I know we got one coming up here over the holidays, so I hope to see you in person, but for joining me and, and sharing your expertise today.
Jack Bosch (33:29):
Thank you very much for having me. And yes, I’ll be at that long, so we’ll see each other in person in a few weeks.
Jay Conner (33:34):
Sounds good. Well, there you have it, my friend. Another episode of Raising Private Money. I’m Jay Conner, The Private Money Authority and your host, and I need your help. I need you to think of just one person, one person in your circle of influence that would enjoy and benefit from this episode and share this episode with them. If you happen to be listening on iTunes, you know they recently changed it. Go up there in the upper right-hand corner, there are three little dots. Take on those three dots and follow, just click follow. And I don’t want you to miss out on any of our upcoming amazing episodes of raising private money. Here’s to taking your business to the next level. And we’ll see you right here on the next Raising Private Money with Jay Conner