From Firefighter to Land Tycoon: Jon Newth’s $600K Journey
Dec 10, 2024
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Jon Newth, a firefighter paramedic turned land investor, shares his remarkable journey into real estate. He discusses the transformative impact of structured guidance and the challenges faced in land flipping. Jon highlights his shift towards higher-value properties, effective direct mail strategies, and essential negotiation skills. Balancing a demanding career and real estate goals, he encourages newcomers by sharing practical advice and the importance of community support in achieving financial freedom.
Jon Newth transformed from a firefighter to a successful land investor by leveraging education and mentorship in his real estate journey.
Through strategic goal-setting and structured coaching, Jon was able to navigate initial failures and achieve clear financial objectives.
By utilizing effective outreach techniques and prioritizing family communication, Jon successfully balances his full-time job with his land investing endeavors.
Deep dives
Overview of OP Lending Fund
The OP Lending Fund offers a unique investment opportunity focused on rural vacant land flipping, targeting a 10% preferred return with potential overall returns ranging from 13% to 15%. Investors benefit from a conservative loan-to-value ratio of 50%, which significantly lowers risk. This model appeals particularly to accredited investors seeking consistent returns without the complexities often involved in traditional real estate investments. The fund emphasizes transparency and aligns the interests of its investors with the overall success of the land flipping strategy.
John Newth's Journey into Land Investing
John Newth discovered land investing while searching for vacant land in the Seattle area. He had initially heard about the potential for buying land at reasonable prices and flipping it for profit through colleagues. After diving into resources like REtipster, he became fascinated by land flipping and decided to undertake an educational journey by enrolling in a land investing masterclass. This pivotal decision opened the door for him, allowing him to transition from a curious learner to a successful land investor.
The Importance of Coaching and Goal Setting
After a bit of initial failure in his land flipping efforts, John sought coaching to sharpen his approach and establish clear goals. Working with a coach provided him with structured guidance and accountability, which were crucial for making tangible progress. His coach emphasized the importance of identifying specific financial objectives and creating a straightforward process to achieve them. This focus on goal-setting not only clarified John's strategy but also directly contributed to his subsequent success.
Sustaining Success Through Efficient Processes
John has fine-tuned his land investing process, primarily using direct mail to reach potential sellers. He emphasizes the significance of crafting appealing and concise letters that clearly communicate his intent to purchase land. By relying on neutral letters and inviting a responsive conversation, John has seen favorable results despite the industry’s competitive landscape. Additionally, he values the importance of quick follow-ups to keep the momentum of his deals alive, which adds to the efficiency of his overall process.
Navigating Family and Work-Life Balance
Balancing his full-time job as a firefighter-paramedic with land investing presents challenges, particularly when it comes to time management. John navigates this by prioritizing family time while integrating his work and land business. He utilizes strategies like answering seller calls during downtime or scheduling follow-ups for times when he can fully engage. His approach highlights the importance of open communication with family about his land business to ensure that neither party feels overlooked.
Advice for Aspiring Land Investors
John's key piece of advice for those interested in land investing is to remain undeterred by external opinions and comparisons within the industry. He encourages new investors to focus on their own journey, creating a plan that outlines clear objectives while also being adaptable. Joining supportive communities and seeking mentorship can provide invaluable guidance and camaraderie, making the initial learning curve less daunting. Ultimately, he stresses that land investing remains a viable and profitable opportunity for dedicated individuals willing to put in the work.
201: Earlier this year, I met Jon Newth at a conference when he approached me to say, "Thank you." It turns out I had played a role in helping him discover and succeed in the land investing business.
Jon took the Land Investing Masterclass in late 2021, and when he shared what his business has become since then, I was blown away. The more he told me about what he was doing, the more I thought, “I’ve got to get this guy on the podcast.”
This episode is packed with valuable insights. Why? Because Jon isn’t here to sell you anything or spin a story. He’s just an ordinary guy who’s achieved extraordinary results; in my experience, these are the best people to learn from. We're going to dig into his journey and figure out exactly how he’s been able to make it all happen.
