Michael Poggi shares how buying inexpensive vacant lots and selling them on payment plans brought in as much as $100K per month.
Vacant land investing brought Michael Poggi as much as $100K per month in buyer payments through his self-directed Roth IRA. In this episode, he explains how he used retirement funds to buy inexpensive lots, hold them for appreciation, and eventually sell them with owner financing. He shares what he looks for before buying and why selling hundreds of lots for roughly double his purchase price became what he calls his biggest career mistake.
KEY TALKING POINTS:
0:00 - Accelerate Wealth With Your IRA
0:46 - Lessons From Being a Stockbroker
2:12 - Land Banking & Cash Flow
3:05 - My Land Buy Box Criteria
4:21 - The Texas Lot Story
7:59 - The Mistake of Selling Too Soon
9:53 - Selling on Terms Ad Strategy
11:48 - Why Resort Communities Win
13:51 - Land vs. Rentals and Stocks
15:36 - Outro
LINKS:
Instagram: Michael Poggi
https://www.instagram.com/michaelpoggi1/
Website: Free Land Investment Masterclass
https://www.michaelpoggi.com/
Instagram: David Lecko
https://www.instagram.com/dlecko
Website: DealMachine
https://www.dealmachine.com/pod
Instagram: Ryan Haywood
https://www.instagram.com/heritage_home_investments
Website: Heritage Home Investments
https://www.heritagehomeinvestments.com/