Crash Course For a Hungry Noob
What's up everybody. Been in here two days and can finally post. My goal is to have a deal done in my first 30 days. Any information anyone can provide to a COMPLETE noob would be GREATLY appreciated. I'll lay out my thought process below. My intention is to get started with land deals. Have been binging videos on that niche specifically, and the course here, and I'm itching to get started. However, I want to make sure I'm not skipping steps which I'll later come to regret. Here's a few questions I have: In the course, I saw Rick mention that you don't need an LLC prior to putting anything under contract. Would you guys recommend getting the LLC first or just start firing and deal with it when I have to? Same question regarding securing a title company. I saw someone else mention that there's a vacant land portion of the course, which I've been unable to locate. Is there? And if so, which portion of the course is it in? Are plots of land that are posted on the market completely useless? Meaning, there's practically no chance of closing a profitable deal if it's listed on the market? Here's my very brief action plan stated as concisely as possible: 1. Identify a hot market where many vacant lots have been selling 2. Confirm that builders are building in that area and would be interested in purchasing more land - Identify what they're paying 3. Find and contact as many potential sellers as possible (I still don't really get/know how to source off market deals but that's the next thing I'll be digging into) 4. After agreeing on a price with the seller, send them contract, secure title company, and file for LLC? 5. Close deal What am I missing? What's being overlooked? Am I being naïve? Any info, guidance, etc. on ANY of this would be tremendously helpful. Thank you all in advance.