OREP 21 | How to Get Started in Land Investing with Brent Bowers of The Land Sharks
In this episode, we welcomed Brent Bowers, the owner of The Land Sharks and an experienced land investor and coach. Brent shared his journey from being an Army Officer to becoming a successful real estate investor, with a focus on buying and selling vacant land.
Key Takeaways:
Brent emphasized the importance of taking action rather than just studying and reading. He started with $5,000 and did his first land deal, which sparked his passion for this investment strategy.
Land Investment Strategy: Brent prefers being a "lazy land investor," which means he does not do entitlements or any major development work. He focuses on finding deals online, ensuring there's a market to sell the land, and using seller financing or private lenders to finance his deals.
Finding Deals: Brent highlighted three main steps to doing land deals: online sources like PropStream, ensuring a market to sell the land, and using seller financing or private lenders since banks typically don't finance vacant land.
Building Relationships: Brent emphasized the importance of building relationships with key players in the industry, such as title companies and land realtors, and going the extra mile by sending them lunches or small gifts.
Throughout the episode, Brent provided valuable tips and strategies for those interested in getting started in land investing, including the importance of due diligence, understanding the market, and building a strong network.
Who is Brent Bowers?
Owner of The Land Sharks and is an investor and coach with a focus on buying and selling vacant land. As an Army Officer with over 8 years of service, Brent Bowers was spending a great deal of time away from his family, and he knew he needed to make some changes in order to be more present with his wife and children. His interest in real estate began in 2007 when he purchased his first home. While Brent invests in many different types of real estate, his favourite investment strategy deals with buying and selling vacant land, and he enjoys sharing his expertise in this area with his coaching clients and is passionate about helping other people find success in real estate investing, particularly in land investments.
You can find more about Brent and what he does here: www.thelandsharks.com
And you can access his Land Offer Letter here: www.thelandsharks.com/lol