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Is Investing In Tax Liens Or Tax Deeds A Smart Move For Your Land Business?
This is episode number 2064. This Monday, all week this week, Jill and I are going to be talking about what works and what doesn't work in your land business. Why are we qualified to do that? Why are we qualified, Jill? We know a lot about what doesn't work. We have 30 years behind us. I’m going to keep going. You do. I have sixteen almost years behind me full-time at this. What else? We've got 18,000 deals under our belts.It's some number like that. I think it's a little closer to 16,000, but it feels like 160,000.That’s true. It feels like 3 million. That's good.We're going to tell you very candidly all week this week. Whatever time Jill and I sit down to do topics for the week. We look and see what people are talking about both within our group and then outside out there on the internet. These are five topics that we picked that we would like to maybe bust the myth associated with these topics and give you the real answer because we've made money and screwed some stuff up in every single one of these topics.When people come to me like, “There's this new thing that's called fill in the blank.” I'm like, “Been there, done that. What do you want to know?”Good. I had a kid come to me a lot of years ago and say, “There's this new band called the Beatles.” He's just obviously new to him. On Monday, we're going to talk about how does investing in tax things or tax deeds works as part of your land investment business. We'll spend some time on that. On Tuesday, we'll talk about subdividing and land and whether or not it's profitable as part of your business. Wednesday, adding mobile homes or houses to your business. Thursday, which types of the five types of land should you be flipping and where in the country should you be doing it? Friday, we're going to look at, Jill and I are going to be very candid about how we have kept food on the table for 30 years doing this. It all comes back to land.Land Academy Member QuestionSure does. Each day on the show we answer a question from our Land Academy member Discord Forum and we take a deep dive into land-related topics by your request. Vahid wrote, “Dear team, for estimating price per acre, the size of the property matters. I would look up recently sold comps in a given geographic location within a certain acreage range which would be comparable to the property that I would be considering.” All good. “Some use this technique for blind offers. How would you group the acres in order to price the land?”This is what he's getting at in general. This is a good basic concept for everybody to either now be aware of if you're new or if you've been in this for a while to refresh. Property. The smaller the property is, the acreage size, let's say one acre, it's more expensive. More expensive as a price per acre than a 40-acre property, let's say. A one-acre property you might see on the internet for $50,000 to $80,000, something like that. Then right next to it, there's a 40-acre property that is listed for the equivalent of $5,000 an acre or less $5,000. That's just how it is. It's in economics. It's called the bottle case theory. When you buy a bottle of beer, It's more expensive than if you bought all 24 at the same time. Comes back to beer and sports. I'm like, why does it always go there? It's when you're like, you could have used a carton of eggs or something, I don't know.The bottle case theory has just been around forever. I don't think people buy one egg. No, but we buy hard-boiled eggs, buy six in a package. I do that.People understand baseball, beer, and members having relations with members of the opposite sex in most cases. Those three things. The land business is about the same. What Vahid is asking here is what categories I should deconstruct to look at the property. Should I look at 0 to 1, 1 to 20, 20 to 40,

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