Searchable transcript of $532K in One Month Selling Land They Didn't Own — Chris Koerner on The Koerner Office Podcast (01:52). Search for a phrase, then click its timestamp to jump straight to that moment in the video.
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00:00 Our best month that we ever did was 37 deals in $532,000 in profit. >> Right. >> In one month? >> One month, single month. [music] >> We've done over $100,000 a month for the last 40 months straight. >> We go down to the mailbox and every other day almost we would have a signed contract that was a deal [music] just in there, never spoke to the seller, nothing.
00:15 They just received the contract from us, they would just sign it, return it back, and deal's done. If you can do [music] one deal a month, and one deal for us takes 30 minutes to an hour, you're making over $100,000 a year. >> Yeah. >> I have not seen another business model where I can make a cold call to someone I've never spoken to and with no degree, no experience, no real estate license, nothing, make a quarter million dollars.
00:34 >> We were pen and paper, [music] whiteboard for the longest time. >> start this with nothing? >> Oh, 100% >> iPhone, internet connection. >> Yeah, we had somebody that just did one, he got a property, and he got it for a million dollars. And he had a builder at 1.11. 30 days later it was his first land that he got $110,000 wire. The beauty of it is even if you're starting out for free, you have the opportunity to hit six-figure deal.
00:51 If you're making 10% [music] on $750,000, that's $75,000 in profit. >> middle manning the transaction essentially, right? >> I love being a middle man. >> Yeah, it's the best. >> Hamid [music] and I say this all the time, we joke about it. If we lost everything, if we went bankrupt today, we could go into a public library completely for free, go on Zillow, and make 20K [music] a month wholesaling land in the high acres.
01:09 >> Yeah. >> With a flip phone. >> We've never seen these lots, right? So, we we do it all virtually. >> Is it nationwide or Florida? >> Nationwide. Nationwide. So, we've done 25, 30 states now. >> Yeah, I feel like this is so much better than wholesaling homes. >> We were 19 and 21 [music] years old, and we had our first big deal per se that came in, and it was we we were getting four lots for $37,000.
01:26 [music] Um and we were about six months into it. The seller actually reached out to me. She called me, and she said, [music] "Hey, listen, my husband and I, we got these properties 10, 20 years ago. They paid like literally probably $800 [music] for each of them." She was like, "Listen, I want $40,000 for all of them, right?" And And that deal ended up making us about $140,000, [music] and that was kind of like the breakthrough for us.
Use basic equipment and online property research to arrange land transactions without owning the lots.
A middleman model for arranging land transactions without owning or physically visiting the lots.
Profit comes from the difference between the contracted land price and the amount obtained from a buyer or builder.
I love being a middle man.
If we lost everything, if we went bankrupt today, we could go into a public library completely for free, go on Zillow, and make 20K a month wholesaling land.