WIP 1190: The 2 Year Deal that Led to a $500k Per Year Wholesaling Business
Wholesaling Inc with Brent Daniels
Find distressed properties for pennies on the dollar and turn them for huge profits!
4.9 • 1.4K Ratings
🗓️ 14 April 2023
⏱️ 32 minutes
🧾️ Download transcript
Summary
Mason Klement, our guest today, went from being a financial analyst to a successful land-investing master. Despite facing challenges in his day job and experiencing financial losses, Mason took a plunge in the world of REI with no regrets. As he navigates this industry he began using a strategic approach of sending mail to targeted leads and analyzing opportunities in the land market. His expertise in financial analysis, ability to identify lucrative opportunities, and tenacity led to a remarkable $500,000 net profit!
Mason's story exemplifies the impact of the right mindset, strategy, and determination. Want to be a land shark like him? Be sure to check out the Land Sharks Program for more exciting tips.
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Show notes:
- (0:45) Beginning of today's episode
- (3:29) Why did he consider real estate one of the lowest interest rates?
- (4:54) How did Mason pick up his market?
- (5:32) You have to focus on clusters to have a data-driven approach in identifying markets new to real estate
- (12:42) Get a mentor who's still actively involved in the business
- (16:05) Finding land specialists agents
- (17:01) Breaking down Mason's first deal
- (19:40) There's a buyer in every piece of land
- (23:35) You can scale the size of your teams or scale the size of your transactions
- (24:44) Subdividing land regulations
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Resources:
- Scalable Real Estate Investing Podcast
- Email Mason at: [email protected]
- Contact Mason at: 972-573-5510 or visit www.scalablerei.com
- Redfin
- Zillow
- MLS
- Land in Texas
- Get the Land Offer Letters at www.landsharks.com/lol
- Land.com
- To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the Tribe
Go to Wholesalingincgroup.com to become part of one of the fastest growing Facebook communities in the Wholesaling space.
Get all of your burning Wholesaling questions answered, gain access to JV partnerships, and connect with other "success minded" Rhinos in the community.
It's 100% free to join. The opportunities in this community are endless, what are you waiting for?
Transcript
Click on a timestamp to play from that location
| 0:00.0 | You're listening to Whole Selling Inc. episode number 1190. |
| 0:04.4 | This is useless land in some cases, but that just told me right there, there is a buyer for |
| 0:10.6 | every piece of land. This is game-changing information, guaranteed to raise your real-estate |
| 0:16.2 | wholesaling business with actionable steps you can take immediately to navigate the ins and |
| 0:21.1 | outs of wholesaling and start making money today. Join us as we put our guests in the hot seat |
| 0:27.1 | and dive deep to dissect their strategies for success to enable you to duplicate their results. |
| 0:32.7 | You're listening to Whole Selling Inc. The only show dedicated to making you a fortune in Whole Selling. |
| 0:41.6 | Welcome to the Whole Selling Inc podcast. I am your host today Brent Bauer's The Landman, |
| 0:46.4 | and today I'm interviewing Mason Clement. This guy is very, very new to the land business. |
| 0:52.5 | He actually started out by losing money as an options trader, then bought a couple of rentals, |
| 0:57.7 | and then pivoted into land just a couple of years ago where he took action in December of 2020 |
| 1:03.3 | and started mailing those first landowners. In that very short amount of time, he did $500,000 |
| 1:09.5 | in just this past 12 months, and then he's done a total of 60 deals, but right now he's working on a |
| 1:15.8 | three-lot subdivide where he's going to make around $260,000 net profit. Mason is going to talk to you |
| 1:21.9 | about how he's mailing these letters, how he picks his markets, and just how he's done several deals |
| 1:28.0 | where 30 and $35,000 profits are not good enough for him anymore. He's now scaling the size of the |
| 1:35.0 | real estate deal he does rather than building out his team rather than having to employ these guys |
| 1:40.9 | and manage them. Let's go ahead and get right into the episode. Mason, welcome to the Whole Selling |
| 1:45.2 | Inc podcast. In 30 to 60 seconds, tell me a little bit about yourself, family life, personal life. |
| 1:51.0 | What'd you do before real estate and how did you get in land? Well, I'm happily married. |
| 1:55.5 | Here in the Dallas, Texas area, me and my wife have one baby, which keeps us really busy. That's |
| 2:01.1 | the first full-time job. The second full-time job is the land business. It's funny. Actually, I |
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