We often hear about house flipping in real estate, but what we hear about far less often is land flipping. For Jack Bosch, our guest today, this niche has been his ticket to real estate success. He picked land flipping because he knew he needed to grow his wealth but did not know enough about real estate. But after 4000 deals, the knowledge that he has gained has been invaluable and this has helped push him into syndication. In this episode, we learn more about land flipping and the success that Jack has had with it.
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We also learn about comfortable misery and why Jack believes that pain is an excellent short-term motivator. He feels like focusing on the negatives and opting to use them as opportunities can be a very helpful way of creating the life that you want. Jack also sheds light on how he has used the cash flow from land flipping to segue into syndication. He has not been very aggressive with these investments rather treading carefully, underwriting conservatively, and understanding the power of long holds. Jack is truly inspiring, and we learned a great deal from him, and we know you will too. Be sure to tune in today!
Key Points From This Episode:
- Learn more about Jack’s background, how he came to the US, and what he’s involved in.
- The strategy that Jack uses to make land flipping cash flow positive.
- Find out what kept Jack motivated to start the business and push through difficulties.
- What Jack did to learn the business without a mentor and lessons he has learned.
- How Jack realized that investing in multifamily was another way to grow wealth.
- Learn about what Jack’s current multifamily investment focus is and his role in the deals.
- The plan of action that Jack is using to prepare for the predicted downturn.
- Why creating a cohesive culture will take decision-making away from the boss.
- How Jack’s finding investors and some of the great ways he is giving back.
[bctt tweet=”Land flipping is the exact same as house flipping just without the hassle of the houses and much less competition, almost no competition. — @jackbosch” username=”whitney_sewell”]
Links Mentioned in Today’s Episode:
About Jack Bosch
Known as “the Land Guy,” Jack Bosch is a real estate investor, educator, husband, and father. Originally an immigrant from Germany, who came over with just 2 suitcases and a bunch of student debt, Jack (with his wife Michelle) have found their niche in real estate. Since 2002, they have been buying and selling lots and unimproved land and have flipped more than 4,000 transactions. It only took them 18 months to go from zero to $1M. Since 2008, Jack and Michelle also have been educating those who either find houses too challenging or are unsatisfied with the competition and teaching them how to make more money from simple land and lot flips. Plus, they have figured out a way to make land cash flow massively and consistently with checks coming in for years and even decades. In addition to land flips, Jack and Michelle also own a portfolio of rental houses, commercial properties, and even large apartment buildings. However, land and lots are their first passion because as Jack says there are no “Tenants, Toilets and Termites” on land, which means no repairs, no inspections, no mold, no contractors. While still flipping over 100 properties a year, they now spend 2-4 months a year traveling the world with his family. They designed their business to fit their lifestyle, and the cash and cash flow from the business and investments allow them the luxury of living life on their terms. Jack is also a #1 bestselling author of the financial literacy book, Forever Cash: Take Charge of Your Life, Build Everlasting Wealth and hosts the successful podcast, Forever Cash Life –Real Estate Podcast.
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