Testing the concept of land investing

In this podcast episode, Jesse Kwong interviews Mike, a land investor who wanted to prove the concept of land before fully committing to it. Despite having no real estate background, Mike dove into land investing and faced challenges along the way. One of the main surprises for him was the ability to acquire land at significantly lower prices than retail value. He sent out his first mailer and faced initial disappointment with a lack of response. However, he persevered, made adjustments, and continued sending mailers. Eventually, he purchased 12 properties within just a few months. Mike's goal is to continue working with real estate agents and buy properties in the higher price range, aiming for a more centralized business. Overall, his experience has been positive and he sees potential in scaling up his land investing business in the future.