In this weeks' episode of the Forever Cash Podcast, land investor Michael Bolbach shares 5 tips to becoming a successful land investor.
Michael's journey to becoming a successful investor
Michael started his career by following the traditional college route, then following his family's footsteps in the advertising world.
He started at the bottom of the ladder in an assistant role and worked his way to a senior position at an independent advertising company in New York.
“I was working at a great company started by two fantastic entrepreneurs who inspired me. I discovered that I wanted to step out of the rat race and build my own business, and build a life rich in entrepreneurial freedom.”
After exploring a range of options, Michael finally discovered the business model he was looking for in the Land Profit Generator.
Over the past four years, Michael has used the resources and systems provided by the Land Profit Generator method to build a life of financial and lifestyle freedom. His ultimate goal is to create a lasting financial legacy for his children to inherit.
5 Tips To Becoming A Successful Land Investor
Here are Michael's top 5 tips to becoming a successful land investor:
1. Invest in yourself
You are the most important asset in your business, and you have to treat yourself that way. Invest in your knowledge and create space for personal growth. Your business will never grow if you do not grow with it.
2. Spend your time wisely
The one asset that you will never be able to buy back is your time. If you start your land flipping business as a side hustle, time spent on growing your land business will be hard to find. However, time blocking can be very helpful.
Set two or three hours per day aside, either early in the morning or in the evenings, to do at least one thing to move the business forward. The sooner you take action, the sooner you will be able to replace paychecks with profit checks.
3. Automate your business
The last thing that you want to do is replace your job with another job. The only way to achieve freedom of cash and freedom of time is to invest in the systems and methods needed to automate as many of your business operations as possible.
You also don't want to be in a position where you are doing everything yourself and therefore limit your ability to scale your business. Make sure to build a team that will enable you to delegate some tasks while mastering others.
4. Get help
Every top-performing athlete, entrepreneur, or thought leader relies on coaches and mentors.
The Land Profit Generator system is designed so that anybody can do it, but not everybody can do it alone.
A coach or mentor will provide guidance, expertise, and clarity of thought because it is almost impossible to be objective about your own performance.
“I know that I would have been able to get my land investing business off the ground by myself, but I would never have been able to achieve at the level that I have without a mentor.”
Most importantly, The Land Profit Generator Master Coaches are active land flippers. Students, therefore, benefit from their coaches' first-hand experience in land investing.
5. Network with other successful land investors
Building a strong network of land investors is a resource that will compress your learning time. It's ideal to join a community where there are veteran investors that can offer advice and some who are at the same level as you are to provide encouragement.
Fortunately, Jack and Michelle Bosch are hosting a FREE 5-Day Masterclass, starting on October 25th.
During this virtual 5-day event, you will have the opportunity to learn how to build your own land flipping cash machine from the people who pioneered the system!
What's more, the entire Masterclass is entirely FREE OF CHARGE and open to both experienced investors and those who have no prior real estate experience.
To book your spot, visit: www.landprofitmaster.com
