In this episode of Cash Flow Pro, we talk with Brent Bowers for the second time. Brent is the founder of The Land Sharks, an advanced training program that teaches you how to build a passive income. After eight years of Army service, he found it...
In this episode of Cash Flow Pro, we talk with Brent Bowers for the second time. Brent is the founder of The Land Sharks, an advanced training program that teaches you how to build a passive income. After eight years of Army service, he found it challenging to be home while providing for his family. Eventually, Brent found an answer to his problem – real estate. His goal was to create financial, time, and geographic freedom. Well, he succeeded! He discovered a way to bring in that cash flow; we love hearing it.
In the first episode, we covered purchasing land, ethics in real estate, and more!
But in this episode, we dive deep into the importance of discipline and pacing yourself. Some points we cover are:
Tune in on this episode to find out more!
Find your flow,
Casey Brown
Resources mentioned in this podcast:
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[brent_bowers_]: oh
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[brent_bowers_]: ah oh
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[brent_bowers_]: yeah
4
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[brent_bowers_]: absolutely no thanks again for having me
casey and i always love talking about land
5
00:02:14,139 --> 00:02:18,506
[brent_bowers_]: and you know a lot of people
are looking to get started in real estate
6
00:02:18,566 --> 00:02:23,954
[brent_bowers_]: with very little money or no money
what however or no time or in my
7
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[brent_bowers_]: case worst case scenario no time and
no money you know i mean that was
8
00:02:31,612 --> 00:02:35,619
[brent_bowers_]: me and i feel like you know
i just assume everyone was kind of like
9
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[brent_bowers_]: me right no time no money brand
new new born baby at home just moved
10
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[brent_bowers_]: across the country with the miller harry
now grant i still i did have a
11
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[brent_bowers_]: job i don't recommend people just going
out and quitting their job when just at
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[brent_bowers_]: that's true yeah
13
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[brent_bowers_]: yeah
14
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[brent_bowers_]: oh oh i was carrying rucksack darner
broke my dang back doing it but
15
00:03:29,550 --> 00:03:32,775
[brent_bowers_]: i did feel homeless at times actually
when we would sleep in the field for
16
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[brent_bowers_]: like weeks at a time so i
guess we kind of kind of was homeless
17
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[brent_bowers_]: but there was no bridge to stop
the rain and stuff now but you know
18
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[brent_bowers_]: that was it was season in my
life though eight and a half years in
19
00:03:43,994 --> 00:03:48,401
[brent_bowers_]: the military i loved every second of
it until i didn't love it anymore and
20
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[brent_bowers_]: that was when i realized it's like
you're always gone man you're always away how
21
00:03:52,929 --> 00:03:55,293
[brent_bowers_]: are you supposed to a family how
are you get supposed to have a wife
22
00:03:56,675 --> 00:04:01,483
[brent_bowers_]: that that feels loved and respected if
you're never ever ever home and i watch
23
00:04:01,583 --> 00:04:06,631
[brent_bowers_]: so many families just melt away in
the military you know just because of the
24
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[brent_bowers_]: fact that it's hard to have a
marriage it's hard to show our children our
25
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[brent_bowers_]: children love and just the fact that
we're there for them if we're always gone
26
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[brent_bowers_]: so i watched so many divorces and
i ended up happened happening to me as
27
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[brent_bowers_]: well so people are usually running towards
pleasure or away from pain and that's their
28
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[brent_bowers_]: two motivations mine is away from pain
like i would work harder to avoid pain
29
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[brent_bowers_]: than to gain pleasure any day of
the week so i had a huge pain
30
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[brent_bowers_]: point i was always gone always away
always training and my children were never getting
31
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[brent_bowers_]: to see me like at night and
my wife there was no time for her
32
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[brent_bowers_]: either um and my pain point was
i had already been through a divorce once
33
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[brent_bowers_]: from you know just being away so
i wanted to build a financial fortress around
34
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[brent_bowers_]: me and my family that nothing can
ever get through and that's how i came
35
00:05:03,056 --> 00:05:08,385
[brent_bowers_]: upon you know land investing in timately
gave me cash flow and i love your
36
00:05:08,425 --> 00:05:13,193
[brent_bowers_]: hat cash flow pro because at the
end of the day do i still have
37
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[brent_bowers_]: you know money problems from time to
time yes because i ometimes bite off more
38
00:05:18,422 --> 00:05:22,308
[brent_bowers_]: than i can chew or i'll buy
two big big of a parcel of land
39
00:05:22,468 --> 00:05:27,537
[brent_bowers_]: or we'll have seven flips going on
plus an apartment complex plus thirty four town
40
00:05:27,617 --> 00:05:33,365
[brent_bowers_]: home builds and there might sometimes be
more bills or contractors needing money than what
41
00:05:33,405 --> 00:05:38,135
[brent_bowers_]: i've got to pay but here's what's
cool every single month those land payments come
42
00:05:38,215 --> 00:05:43,264
[brent_bowers_]: in lampin coming it re charges that's
right and if i would just slow down
43
00:05:43,324 --> 00:05:45,327
[brent_bowers_]: sometimes i'd let it charge up a
little bit longer
44
00:06:02,760 --> 00:06:07,528
[brent_bowers_]: that's so crazy just to know that
michael jackson had had you know some days
45
00:06:07,568 --> 00:06:11,254
[brent_bowers_]: where there was money issues and all
as i'm saying is like i listened to
46
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[brent_bowers_]: so many podcastand so many gores out
there and i don't think guru i'm just
47
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[brent_bowers_]: a guy that built a land business
that supports me and my family and others
48
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[brent_bowers_]: and allows me time freedom and financial
freedom but do i still have challenges in
49
00:06:24,336 --> 00:06:28,764
[brent_bowers_]: my company yes and i just wanted
him make sure i talked about that because
50
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[brent_bowers_]: no one ever talks about the obstacles
that we still face as business owners and
51
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[brent_bowers_]: going back to the beginning where i
was saying don't just go out there and
52
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[brent_bowers_]: quit your job you can't play an
orange tree today expect to live off of
53
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[brent_bowers_]: it tomorrow you need to be planting
orange trees for the next like two to
54
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[brent_bowers_]: five years and i mean an orange
tree a day and that's kind of with
55
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[brent_bowers_]: our land business you know i talked
about on your first episode you had me
56
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[brent_bowers_]: on about that first deal where i
bought for two eighty five dollars i sold
57
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[brent_bowers_]: it for five thousand the second deal
where i had four hundred a month coming
58
00:07:01,946 --> 00:07:05,292
[brent_bowers_]: in and i started out with no
money and this this i know we were
59
00:07:05,312 --> 00:07:08,417
[brent_bowers_]: going to talk about how to do
this with little to no money and i
60
00:07:08,477 --> 00:07:11,885
[brent_bowers_]: will break down the steps if you
like do that but that's that's where a
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[brent_bowers_]: lot of people are starting at
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[brent_bowers_]: yeah yeah okay
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[brent_bowers_]: ah right yeah
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[brent_bowers_]: ah
65
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[brent_bowers_]: yeah it does it sounds like you're
getting out of state or out of county
66
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[brent_bowers_]: owners basically
67
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[brent_bowers_]: oh i absolutely agree and you know
my state where i started we called it
68
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[brent_bowers_]: the the actual treasures office that because
that's the person that the county treasure is
69
00:09:29,468 --> 00:09:33,755
[brent_bowers_]: the person that makes all those taxes
are paid florida we call it the tax
70
00:09:33,916 --> 00:09:37,482
[brent_bowers_]: collector's office unless just say that we
were in one of those states it's not
71
00:09:37,582 --> 00:09:43,612
[brent_bowers_]: called the property valuation office the p
v a as a pup victor alpha or
72
00:09:43,772 --> 00:09:48,821
[brent_bowers_]: the treasures office or the tax collector's
office there's a cool website called prop stream
73
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[brent_bowers_]: out there you can get a seven
day free trial to this and pull a
74
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[brent_bowers_]: list that way so no what like
if you get hit an obstacle you got
75
00:09:58,203 --> 00:10:01,489
[brent_bowers_]: to figure out okay do i take
three steps to the right and keep walking
76
00:10:01,549 --> 00:10:05,956
[brent_bowers_]: forward or that didn't work i'm gonna
take now six steps to the left and
77
00:10:06,076 --> 00:10:10,266
[brent_bowers_]: keep walking forward you just got to
keep figuring it out like yesterday me and
78
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[brent_bowers_]: my wife
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[brent_bowers_]: oh
80
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[brent_bowers_]: an
81
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[brent_bowers_]: no and that's yeah there's got to
be a big enough why my why was
82
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[brent_bowers_]: i wanted to get the heck out
of the military so i didn't get another
83
00:11:20,435 --> 00:11:23,798
[brent_bowers_]: divorce that's a pretty good way to
make my buck get out of bed every
84
00:11:23,838 --> 00:11:29,864
[brent_bowers_]: morning at four a m now it's
like not that my wife was threatening divorce
85
00:11:29,965 --> 00:11:34,813
[brent_bowers_]: but i'd already had that happened so
in my psyche in my mind that could
86
00:11:34,873 --> 00:11:38,579
[brent_bowers_]: happen again so like i was going
to make some changes i had to be
87
00:11:38,639 --> 00:11:42,305
[brent_bowers_]: at work six a m from six
a m to about seven p m i
88
00:11:42,345 --> 00:11:46,353
[brent_bowers_]: was on based on was thirteen hours
a day and so what did i do
89
00:11:46,553 --> 00:11:49,238
[brent_bowers_]: i only had a way to make
more time there's only one way i could
90
00:11:49,278 --> 00:11:55,004
[brent_bowers_]: make more time and that was sleep
less there was probably better ways to do
91
00:11:55,064 --> 00:11:59,792
[brent_bowers_]: it than that but that's what worked
for me and you know deleted facebook got
92
00:11:59,872 --> 00:12:03,298
[brent_bowers_]: rid of freaking netflix how much is
netflix paying you to watch it like and
93
00:12:03,338 --> 00:12:08,747
[brent_bowers_]: i'm like nothing like they're making tons
of money off of you though do i
94
00:12:08,867 --> 00:12:13,856
[brent_bowers_]: watch netflix now dang right i do
i just got just bene liken lawyer but
95
00:12:13,936 --> 00:12:19,124
[brent_bowers_]: you know that's my bills are paid
type thing but back en i was building
96
00:12:19,184 --> 00:12:23,472
[brent_bowers_]: a business and i'm still am building
it like we're always improving like you got
97
00:12:23,512 --> 00:12:26,917
[brent_bowers_]: to put work first there's going to
be some nights that you can't go out
98
00:12:26,957 --> 00:12:29,962
[brent_bowers_]: and hang out with the boys or
you drop the baseball team or whatever it
99
00:12:30,083 --> 00:12:32,907
[brent_bowers_]: is um and you just got to
go and do it so let's get to
100
00:12:32,967 --> 00:12:37,355
[brent_bowers_]: the step so you know it's just
like it's first getting a list you talked
101
00:12:37,415 --> 00:12:43,985
[brent_bowers_]: about absent owners that list that i
in colorado was from the county treasurer's office
102
00:12:44,486 --> 00:12:48,883
[brent_bowers_]: and i must have had to ask
her name was sandy and still is she
103
00:12:48,923 --> 00:12:52,188
[brent_bowers_]: still helps me this day i must
have had to ask her four different ways
104
00:12:52,809 --> 00:12:56,756
[brent_bowers_]: how do i get a list of
people not paying their taxes on their property
105
00:12:57,497 --> 00:13:01,843
[brent_bowers_]: she thought i was interested paying the
back taxes i wasn't i wanted to just
106
00:13:01,903 --> 00:13:05,788
[brent_bowers_]: see who was behind and then you
can take that list and it's really cool
107
00:13:05,808 --> 00:13:12,866
[brent_bowers_]: what you said case and figure out
if the mailing address is different from the
108
00:13:12,966 --> 00:13:17,554
[brent_bowers_]: property or a different state a different
city a different county and it's like oh
109
00:13:17,634 --> 00:13:22,743
[brent_bowers_]: wow these guys are you know absent
owners live in the county and they're behind
110
00:13:22,803 --> 00:13:27,250
[brent_bowers_]: on their taxes they must be motivated
to sell this land so then i would
111
00:13:27,350 --> 00:13:30,095
[brent_bowers_]: take a post card and i'll give
the post card right now if you go
112
00:13:30,135 --> 00:13:35,165
[brent_bowers_]: to the land sharks dot com forward
slash postcard that's the exact post card that
113
00:13:35,305 --> 00:13:40,357
[brent_bowers_]: i used to buy tens of millions
of dollars worth of land and houses so
114
00:13:40,437 --> 00:13:43,863
[brent_bowers_]: it's yours our free is going to
ask for your name your email address if
115
00:13:43,883 --> 00:13:46,508
[brent_bowers_]: you don't want to give it that's
fine just won't get the post card but
116
00:13:46,528 --> 00:13:49,673
[brent_bowers_]: i'll tell you what the post card
says because hey my name is brent i'd
117
00:13:49,733 --> 00:13:53,439
[brent_bowers_]: like to buy your land at one
two three main street and here's the thing
118
00:13:53,660 --> 00:13:56,389
[brent_bowers_]: land a lot of times it does
not have an address so i would just
119
00:13:56,449 --> 00:14:00,531
[brent_bowers_]: put the assessors parcel number or the
a p n and if you're interested in
120
00:14:00,571 --> 00:14:06,101
[brent_bowers_]: the all cash fair offer please call
or text me god bless you brand and
121
00:14:06,141 --> 00:14:10,728
[brent_bowers_]: then the phone number and my return
address would be like a post office box
122
00:14:10,828 --> 00:14:14,495
[brent_bowers_]: actually used my p s box i
don't put my house address on there i
123
00:14:14,575 --> 00:14:19,222
[brent_bowers_]: don't like people showing up on an
ounce at my house um even if you're
124
00:14:19,243 --> 00:14:24,351
[brent_bowers_]: bringing cookies it's weird um so that
was the letter and here's the next step
125
00:14:24,732 --> 00:14:28,278
[brent_bowers_]: you got to take the phone calls
i didn't have time to take the phone
126
00:14:28,338 --> 00:14:32,745
[brent_bowers_]: calls i was working those twelve thirteen
hour days my grandpa would say oh it's
127
00:14:32,885 --> 00:14:37,052
[brent_bowers_]: only twelve hours a day it's only
a half day grandson like you know you're
128
00:14:37,092 --> 00:14:42,000
[brent_bowers_]: only working half days um but i
would go and sneak in the bathroom and
129
00:14:42,061 --> 00:14:46,368
[brent_bowers_]: return those calls and i would talk
to these sellers and see if there was
130
00:14:46,408 --> 00:14:51,156
[brent_bowers_]: a problem i could solve what is
the least you could take for that property
131
00:14:51,516 --> 00:14:54,902
[brent_bowers_]: you know that parcel of land and
i would get their number i would ask
132
00:14:54,942 --> 00:14:58,668
[brent_bowers_]: them another five different ways to figure
out what they wanted to sell that land
133
00:14:58,768 --> 00:15:03,015
[brent_bowers_]: for and i would thank them for
their time and say is it okay if
134
00:15:03,096 --> 00:15:07,423
[brent_bowers_]: i research this land i'm going to
get back to you because look i'm an
135
00:15:07,503 --> 00:15:12,150
[brent_bowers_]: army officer i'm doing this for some
additional income i've got to is i've got
136
00:15:12,210 --> 00:15:15,975
[brent_bowers_]: two babies under three years old but
dipers are killing me like we would connect
137
00:15:16,075 --> 00:15:22,125
[brent_bowers_]: on a personal level and that's what
people forget it's like when just starting out
138
00:15:22,165 --> 00:15:25,844
[brent_bowers_]: we feel like we should know all
the answers right at the end of the
139
00:15:25,885 --> 00:15:31,516
[brent_bowers_]: day what's more important it's being coming
a person to that seller and a person
140
00:15:31,616 --> 00:15:36,043
[brent_bowers_]: with challenges and issues of all of
your own and figuring out a way and
141
00:15:36,184 --> 00:15:41,171
[brent_bowers_]: listening to what that seller is trying
to accomplish maybe they're selling the land becase
142
00:15:41,191 --> 00:15:45,255
[brent_bowers_]: they're tired of paying the taxes maybe
they just need five thousand dollars to pay
143
00:15:45,375 --> 00:15:49,799
[brent_bowers_]: for pay for their grandchild's education you
never know
144
00:16:08,670 --> 00:16:12,576
[brent_bowers_]: you're so right and it's because they're
not in their right mind they're facing a
145
00:16:12,717 --> 00:16:20,890
[brent_bowers_]: challenge and a lot of times people
could be facing death divorce sickness taxes little
146
00:16:20,950 --> 00:16:25,277
[brent_bowers_]: things that might not seem so like
oh my gosh why can't they just figure
147
00:16:25,338 --> 00:16:28,202
[brent_bowers_]: it out why wouldn't they just sell
it rather than lose it to back texas
148
00:16:28,583 --> 00:16:32,409
[brent_bowers_]: why wouldn't someone just sell their house
that's going to go in for closure then
149
00:16:32,510 --> 00:16:36,850
[brent_bowers_]: lose it on the four closer action
step you're not in their mind because they
150
00:16:36,970 --> 00:16:41,899
[brent_bowers_]: just went through death or divorce or
taxes or you name it could have been
151
00:16:42,059 --> 00:16:45,625
[brent_bowers_]: all those things and they're not in
their right mind and that's where you listen
152
00:16:45,685 --> 00:16:50,280
[brent_bowers_]: for the solution not to take advantage
of people but figure out how can i
153
00:16:50,400 --> 00:16:55,366
[brent_bowers_]: help this seller that's still i mean
it's still going to be profitable to you
154
00:16:55,927 --> 00:16:59,261
[brent_bowers_]: but if you're always thinking about your
profit you're not going to do too many
155
00:16:59,321 --> 00:17:02,747
[brent_bowers_]: land deals your not gonna do too
many house deals like if you focus on
156
00:17:03,088 --> 00:17:08,296
[brent_bowers_]: solving that seller's challenge and problems oh
there's so much money to be made there's
157
00:17:08,336 --> 00:17:13,256
[brent_bowers_]: so much money and that's that's what
we're here for yeah
158
00:18:34,110 --> 00:18:35,190
[brent_bowers_]: yeah
159
00:18:55,353 --> 00:18:56,960
[brent_bowers_]: heck no i don't
160
00:19:32,010 --> 00:19:36,418
[brent_bowers_]: no i love it and that's so
true it's like i'll tell you i am
161
00:19:36,579 --> 00:19:40,226
[brent_bowers_]: really nice to people that cold called
me on the phone and cold text because
162
00:19:40,847 --> 00:19:44,776
[brent_bowers_]: you know i i've been in that
position for so many years i've been in
163
00:19:44,856 --> 00:19:47,603
[brent_bowers_]: sales now for so many years and
i on't i don't like it when people
164
00:19:47,684 --> 00:19:49,288
[brent_bowers_]: treat me bad but here
165
00:19:57,540 --> 00:20:00,545
[brent_bowers_]: that's so true and it's like i
don't like it when people treat me bad
166
00:20:00,645 --> 00:20:04,311
[brent_bowers_]: but you know i don't want to
treat anybody else bad so it's almost taught
167
00:20:04,351 --> 00:20:08,718
[brent_bowers_]: me how to treat people better um
and i'll tell you it's just because they're
168
00:20:08,779 --> 00:20:13,907
[brent_bowers_]: yelling at you cussing at you like
it's not personal it's not they're not saying
169
00:20:13,967 --> 00:20:20,839
[brent_bowers_]: that you are a terrible stinky lying
cheating person they're just they're going through something
170
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[brent_bowers_]: real really hard in their life and
they either gonna are going to accept your
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[brent_bowers_]: help or not next there's always like
see at the four closure option you know
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[brent_bowers_]: a good mentor mind says it i
would never say that like that is very
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[brent_bowers_]: arrogant to say that however it puts
it in your mind like all right well
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[brent_bowers_]: want to take my help i'll buy
it at the auction steps i'm just trying
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[brent_bowers_]: to get you more money now
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[brent_bowers_]: yeah
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[brent_bowers_]: yeah hm
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[brent_bowers_]: yeah
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[brent_bowers_]: sorry
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[brent_bowers_]: okay
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[brent_bowers_]: yep i'll put the assessors partial number
and usually people can kind of figure it
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[brent_bowers_]: out oh yeah i have that land
sometimes we'll just put in colorado oh yeah
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[brent_bowers_]: have that piece of land elbert when
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[brent_bowers_]: yeah there's a few areas i mail
i'm now in and this is not how
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[brent_bowers_]: i started out by the way i
started out in my own back yard two
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[brent_bowers_]: and a half hour radius is where
i was driving now i mail certain areas
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[brent_bowers_]: in colorado and florida and arizona a
couple of other areas but i started out
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[brent_bowers_]: in my own back yard because it
was i had to get my on the
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[brent_bowers_]: ground i'll give you an example why
i love the two and a half hour
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[brent_bowers_]: radius i bought some land about forty
five minutes of where i currently lived now
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[brent_bowers_]: in florida and it was not selling
like we had it all over then my
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00:22:42,101 --> 00:22:45,792
[brent_bowers_]: channel i thought my cash buyers would
take it ve been sitting on this land
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[brent_bowers_]: like two and a half months and
i was like you know what i figured
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[brent_bowers_]: it out you got to get your
lazy but out there and go put up
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[brent_bowers_]: some signs so i took a saturday
kids were out at grandma grandpa's i went
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[brent_bowers_]: to home depot i got those i
really like the the corrugated plastic i like
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[brent_bowers_]: when you i could buy a big
sheet of it you can get these out
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[brent_bowers_]: of lot of sign shops you walk
in there with twenty dollars cash they hand
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[brent_bowers_]: you one while i was in a
hurry it was on saturday and to sign
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00:23:11,006 --> 00:23:15,771
[brent_bowers_]: shots re ope en i went straight
to home depot and bought these corrugated plastic
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[brent_bowers_]: sheets and i think they're like three
bucks a piece actually there nine dollars a
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[brent_bowers_]: piece i cut them in thirds so
i made them the three dollars a piece
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[brent_bowers_]: and i wrote on there land for
sale will finance phone number second one i
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[brent_bowers_]: did two fifty month land for sale
will finance third one i wrote that in
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[brent_bowers_]: spanish to fit and i don't even
know spanish i was using my translate thing
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[brent_bowers_]: on my phone yeah twelve signs put
them out at intersections stop signs stop lights
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00:23:44,148 --> 00:23:48,235
[brent_bowers_]: i want ed most people that would
possibly go by that land and the reason
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[brent_bowers_]: why i put into spanish just because
we have a lot of latins florida so
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00:23:51,800 --> 00:23:56,665
[brent_bowers_]: i figured okay maybe someone that just
speaks spanish we'll see it already got him
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[brent_bowers_]: sold cash buyer buying all three of
them for sixty nine grand we bought him
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00:24:00,488 --> 00:24:03,922
[brent_bowers_]: for forty five thousand i did not
sell them for as much as i thought
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00:24:04,003 --> 00:24:08,811
[brent_bowers_]: i would i thought we're going to
get ninety however when we bought them we
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00:24:08,951 --> 00:24:13,298
[brent_bowers_]: bought them further off the beaten path
than we realized is like dirt roads not
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00:24:13,639 --> 00:24:14,079
[brent_bowers_]: not the app
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00:24:24,900 --> 00:24:27,990
[brent_bowers_]: oh oh
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[brent_bowers_]: no i just remember the meats and
bounds and i'll tell you me and legal
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00:27:33,220 --> 00:27:35,786
[brent_bowers_]: descriptions i use professional help
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00:27:42,429 --> 00:27:42,489
[brent_bowers_]: ah
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[brent_bowers_]: yes
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[brent_bowers_]: ah
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[brent_bowers_]: oh
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[brent_bowers_]: we
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[brent_bowers_]: yeah yeah it really helps and it
really helps to buy land right off of
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[brent_bowers_]: roads and it's fine with their dirt
roads but i like county maintain roads it's
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00:28:37,626 --> 00:28:41,702
[brent_bowers_]: like no question if you can get
here and or not the first couple properties
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00:28:41,763 --> 00:28:47,467
[brent_bowers_]: i bought the second one was not
accessible and we had to get legal legal
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00:28:47,527 --> 00:28:51,894
[brent_bowers_]: help and you know i was giving
that check list though you know of asking
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00:28:51,934 --> 00:28:56,502
[brent_bowers_]: that seller when they called from the
post card if you can have time to
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00:28:56,602 --> 00:29:01,470
[brent_bowers_]: research it and that's when i go
in and do some quick research and i
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00:29:01,590 --> 00:29:05,477
[brent_bowers_]: call them back and i say okay
you know i asked you on the phone
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00:29:05,537 --> 00:29:09,824
[brent_bowers_]: you said you take about you know
three grand for it is that still you
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00:29:09,864 --> 00:29:14,714
[brent_bowers_]: know is that still what you're thinking
can you do anything better that and i
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00:29:14,834 --> 00:29:17,523
[brent_bowers_]: really want to see if i can
get it under contract for as little as
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00:29:17,603 --> 00:29:21,873
[brent_bowers_]: possible because at the end of the
day i've got it taken to account all
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00:29:21,933 --> 00:29:27,362
[brent_bowers_]: these things that could possibly happen maybe
access issues or what not i wanted at
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00:29:27,442 --> 00:29:32,170
[brent_bowers_]: such a massive discount what's a massive
discount well i love the fact of what
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00:29:32,911 --> 00:29:37,779
[brent_bowers_]: warren buffet uses he uses the three
hundred percent rule and he didn't learn he
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00:29:37,819 --> 00:29:42,627
[brent_bowers_]: didn't create that he learned it from
benjamin gram who wrote the intelligent investor so
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00:29:42,928 --> 00:29:47,461
[brent_bowers_]: if that's worked for the eve very
very wealthy individuals i'm going to use that
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00:29:47,541 --> 00:29:51,046
[brent_bowers_]: as my you know my starting point
as well so if i can get it
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[brent_bowers_]: for about thirty three cents on the
dollar i am tickled pink because i know
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00:29:56,472 --> 00:30:00,920
[brent_bowers_]: that there is a lot of room
for error in that so that's where i'm
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00:30:00,980 --> 00:30:04,366
[brent_bowers_]: going to get it under contract for
as little as possible and i'm going to
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00:30:04,386 --> 00:30:08,635
[brent_bowers_]: give myself at least a fifteen day
inspection period that i can cancel that contract
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00:30:08,675 --> 00:30:11,131
[brent_bowers_]: for any reason whatso yeah
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00:30:46,912 --> 00:30:50,238
[brent_bowers_]: oh yeah like florida i see it
on the florida legal descriptions are so much
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00:30:50,318 --> 00:30:54,124
[brent_bowers_]: longer than colorado colorado could be like
four words i'm like are you sure this
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00:30:54,184 --> 00:30:58,101
[brent_bowers_]: is right plot one ship thirty two
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00:33:07,240 --> 00:33:13,089
[brent_bowers_]: yeah and i answer that question i
usually first find a buyer it's under contract
250
00:33:13,900 --> 00:33:19,168
[brent_bowers_]: i've got it under contract i get
you know i generally do thirty days i've
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00:33:19,228 --> 00:33:23,896
[brent_bowers_]: done them for ninety days if i
need more time on due diligence or inspection
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00:33:23,976 --> 00:33:27,804
[brent_bowers_]: period i generally set it for fifteen
days if i need more time i'll i'll
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00:33:27,844 --> 00:33:30,952
[brent_bowers_]: reach out to that cellar and be
like look i got to extend my due
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00:33:31,012 --> 00:33:33,618
[brent_bowers_]: diligence and here's why i haven't found
the buyer yet
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00:33:37,322 --> 00:33:39,861
[brent_bowers_]: ovation i don't even now what that
is
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00:33:46,394 --> 00:33:46,414
[brent_bowers_]: a
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00:34:55,540 --> 00:35:00,053
[brent_bowers_]: i tell the seller exactly what we're
doing there's no deception whatsoever i say look
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00:35:00,274 --> 00:35:03,080
[brent_bowers_]: i'm not going to keep the thing
m
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00:35:16,972 --> 00:35:17,133
[brent_bowers_]: yeah
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00:35:27,690 --> 00:35:27,990
[brent_bowers_]: yeah
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00:35:39,369 --> 00:35:39,390
[brent_bowers_]: m
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00:36:24,381 --> 00:36:28,007
[brent_bowers_]: yeah you just got to be very
transparent and that's that's where i say you
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00:36:28,087 --> 00:36:33,282
[brent_bowers_]: like look here's what i can pay
i'm going to send you a purchase gree
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00:36:33,342 --> 00:36:36,047
[brent_bowers_]: and i'll walk them through it like
this gives me the right to market this
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00:36:36,127 --> 00:36:40,835
[brent_bowers_]: property either i do it two ways
i will buy it and i'll sell or
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00:36:40,915 --> 00:36:46,554
[brent_bowers_]: finance that way i can get payments
for it or i'll just assign mike contract
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00:37:06,970 --> 00:37:14,945
[brent_bowers_]: yeah yeah absolutely yeah sometimes the sellers
actually we asked like hey what are you
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00:37:14,965 --> 00:37:20,635
[brent_bowers_]: going to do with this you fifteen
grand um or one case one point two
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00:37:20,695 --> 00:37:24,664
[brent_bowers_]: million dollars and he said look i
actually don't that for a year we're buying
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00:37:24,724 --> 00:37:29,810
[brent_bowers_]: baba blas so he he was interested
in making interest on his money and we
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00:37:29,950 --> 00:37:34,617
[brent_bowers_]: paid him payments and his principal didn't
go away but that's that's more advanced stuff
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00:37:34,978 --> 00:37:35,458
[brent_bowers_]: you know i know
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00:37:39,355 --> 00:37:40,464
[brent_bowers_]: yeah to get started
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00:37:43,760 --> 00:37:48,206
[brent_bowers_]: yeah yeah it's just crazy everyone leads
to another one
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00:38:05,734 --> 00:38:06,065
[brent_bowers_]: some
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00:38:14,961 --> 00:38:15,244
[brent_bowers_]: oh yeah
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00:38:41,491 --> 00:38:41,733
[brent_bowers_]: oh no
278
00:38:53,493 --> 00:38:53,734
[brent_bowers_]: oh yeah
279
00:39:05,272 --> 00:39:05,438
[brent_bowers_]: that's
280
00:39:12,510 --> 00:39:12,531
[brent_bowers_]: i
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00:39:20,270 --> 00:39:22,994
[brent_bowers_]: yeah and at the end of the
day and thanks for having me but at
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00:39:23,034 --> 00:39:26,839
[brent_bowers_]: the end of the day if you
can get something under contract at a discount
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00:39:27,700 --> 00:39:30,924
[brent_bowers_]: and you have your buyer lined up
as well how do you find those buyers
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00:39:31,144 --> 00:39:37,120
[brent_bowers_]: i find them on crags list and
facebook and signs it's almost like a it's
285
00:39:37,180 --> 00:39:41,788
[brent_bowers_]: almost like a guarantee that you are
going to make money because so many people
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00:39:41,848 --> 00:39:45,174
[brent_bowers_]: are afraid to pull that trigger that's
why we line the buyer up first and
287
00:39:45,214 --> 00:39:49,521
[brent_bowers_]: then you have other options you can
assign that contract to that buyer for some
288
00:39:49,621 --> 00:39:54,349
[brent_bowers_]: quick cash my dad's done about fifty
five of those or case you want to
289
00:39:54,389 --> 00:39:57,855
[brent_bowers_]: buy it for me for nine grand
i'm getting it under contract for three it's
290
00:39:57,935 --> 00:40:02,671
[brent_bowers_]: really worth nine you're going to give
me three thousand down three hundred a month
291
00:40:02,731 --> 00:40:07,136
[brent_bowers_]: for the next sixty five months at
twelve percent interest that's a home run deal
292
00:40:07,656 --> 00:40:11,190
[brent_bowers_]: so that's what i just want to
leave your listeners with is get it under
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00:40:11,230 --> 00:40:15,117
[brent_bowers_]: contract for as little as possible this
could work with bicycles broken down on the
294
00:40:15,157 --> 00:40:18,382
[brent_bowers_]: side of the road you find the
bicycle you go and put a new tube
295
00:40:18,422 --> 00:40:22,289
[brent_bowers_]: in the tire air up you shin
it up and sell it on payments like
296
00:40:22,329 --> 00:40:25,901
[brent_bowers_]: this could like this is how a
kid can make an extra hundred dollars a
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00:40:25,941 --> 00:40:27,106
[brent_bowers_]: month you know
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00:41:33,590 --> 00:41:37,216
[brent_bowers_]: yeah if you want to copy the
post card the land sharks dot com for
299
00:41:37,356 --> 00:41:44,087
[brent_bowers_]: slash post card and yeah thank you
it is plural the land sharks and yeah
300
00:41:44,828 --> 00:41:48,172
[brent_bowers_]: you want to check them out or
go to youtube learn some more just search
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00:41:48,292 --> 00:41:52,757
[brent_bowers_]: brent bowers on youtube um and you
can obviously ahead to the land sharks dot
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00:41:52,837 --> 00:41:54,819
[brent_bowers_]: com and schedule a call on
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00:42:45,723 --> 00:42:46,130
[brent_bowers_]: you got it