The Corporate Approach to Land Investing with Mason McDonald!
Oct 9, 2024
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Mason McDonald, a former hospital CEO turned land investor, shares his remarkable transition and insights from closing over 100 land deals in just three years. He discusses the importance of mentorship, capital raising strategies, and how his corporate skills enhance his land business. Mason reveals that answering calls might be a game-changer and emphasizes the value of ethical negotiations. He also highlights the benefits of focusing on local deals and bridging the gap between institutional money and individual investors for better collaboration.
Mason McDonald's transition from hospital CEO to land investor highlights the critical importance of leveraging corporate experience in land flipping success.
His focus on educational courses and understanding local markets underscores the necessity of strategy evolution for maximizing land investment returns.
Mason's journey into capital raising demonstrates how building a strong reputation and maintaining investor relationships are vital for sustainable growth in land investing.
Deep dives
Mason McDonald's Journey into Land Investing
Mason McDonald transitioned from being a hospital CEO to a full-time land investor, establishing RM Golden LLC, which specializes in acquiring discounted land for resale. His initial interest in real estate led him to explore various investment opportunities, including land flipping, which at first seemed implausible to him. After completing an educational program and successfully executing his first land deal with impressive returns, he decided to quit his corporate job. This pivotal moment underscored the potential of land investing, leading him to further pursue opportunities in the field.
Overcoming Mindset Barriers in Land Investing
Mason's experience highlights the challenges of adopting a new investment mindset when entering the land flipping market. Initially skeptical about the profitability of land flipping, his background in managing large corporate budgets helped assuage fears related to investment costs. He emphasized the importance of taking educational courses to push oneself into action, as initial investments in education often materialize into significant profits. Furthermore, having a financial safety net, courtesy of his spouse's job, provided him the confidence to take calculated risks.
Current Business Model and Land Investment Strategies
Mason's current strategy involves a mix of land flipping across various states while refining his focus on local deals. His approach has evolved from a broad strategy to a more specialized one, particularly concentrating on agricultural subdivisions near his home. He has also undertaken minor developments, gaining valuable experience in the complexities of land acquisition and disposition. By focusing on quality locations and understanding the specific market dynamics, his goal is to create successful long-term investments.
The Importance of Understanding Buyer Motivations
Mason emphasizes that understanding human behavior is crucial in the land investing space. He argues against making assumptions about sellers, as motivations can vary widely, leading to potentially lucrative deals. Ethical practices are central to his business, where he urges transparency about intentions with sellers. By recognizing the irrational nature of human decisions, he shares that making seemingly low offers can yield opportunities that sellers might not have previously considered.
Raising Capital and Building a Network
Mason discusses the evolution of his capital-raising strategies, which began with friends and family before expanding to institutional investors. Building a strong track record and maintaining investor trust are critical for continued success in land investing. He co-founded the Ground Up Fund to provide capital solutions for land investors, emphasizing the relationship between reputation and investor confidence. Ultimately, he stresses the importance of demonstrating consistent returns and maintaining a strong personal brand to attract and retain capital.
From hospital CEO to land flipping mogul? Mason McDonald spills the tea on his unconventional journey into the world of land investing. Discover how this corporate hotshot leveraged his executive experience to close over 100 land deals in just three years. Mason drops jaw-dropping insights on raising capital, spotting lucrative opportunities, and why answering your phone might be the secret sauce to dominating the land game. Plus, learn why he's shifting gears to focus on deals in his own backyard and how he's bridging the gap between institutional money and land investors. Don't miss this episode packed with corporate-level strategies that could revolutionize your land flipping business. Tune in now and get ready to think bigger about your land investing approach!
Enjoy the show!
Mason McDonald is a former hospital CEO turned full-time land investor. Mason owns and operates RM Golden LLC, a company that focuses on the acquisition of discounted land throughout the United States for the purpose of immediate resale or minor development and resale. Through his own experiences, Mason recognized the need for capital partners in the land space and co-founded GroundUp Fund, a capital solution for land investors nationwide. Mason co-hosts his own podcast The Big Picture Blueprint, with Dan Haberkost.
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