# Entrepreneur of the Week Yossi Beit Yosef # Post 2 Land Sounds boring? - Let's check! - “The land for construction…

# Entrepreneur of the Week Yossi Beit Yosef # Post 2 Land Sounds boring? - Let's check! - “The land for construction…

# Initiated week Yossi Beit Yosef # Post 2
Sounds sounds boring? - Let's check!

- "The land for immediate construction?"
-"No"
- Is the land thawed for construction?
-"No"
- "Is the land intended for construction?"
-"No"

- "So what can be done with the land?"
- "I'm glad you're asking - why did you not ask this question as a first question?

Most Israeli investors / entrepreneurs ask the same questions from a worldview that land is intended for construction only
-This is of course a wrong worldview.

I'm sure there are people here in the audience who have never been interested in the subject of land out of another misconception
"There is no current income from land - it's not like rented apartments" -
-is that so ?
Probably some of you are rolling your eyes - "What can you get a monthly income from land?"

Let's see what can be done with land?
The land industry is a huge niche in itself and is also the basis for any type of real estate on earth, in fact every one of you who has ever bought real estate of any kind also paid for a relative share in the value of the transaction determined by the value of the land
So no matter how we look at it we are all “land buyers”

What are lands used for?
- Civil construction - residential + commercial (this is what I call "traditional real estate") and most of you are engaged in the field of residence (multi despite being considered commercial - belongs to the residential category) Some of you are engaged in commercial real estate (hotels, nursing homes, commercial centers , Offices, storage, mobile home parks, etc.)
- Public construction - public institutions, internships, schools, kindergartens, etc.…
- Construction of infrastructure and transportation - roads, trains, airports, bridges, etc.…
Minerals, mines and natural resources
- Crops - Fields and orchards (fruits and vegetables) - Farms in English Farms
Farm for agricultural products originating from cattle, sheep and other animals - Farm in English Ranch
- Forests - Growing Trees for Industrial Purposes (Unique Branch Known as Timberland)
Recreation
In the United States, there are vast spaces that allow for different types of entertainment, which do not exist in the country and are not in our awareness as Israelis. In the US we can find hunters (a very strong industry) who hunt everything: pigs, ducks, deer and more… To this day I try to gently reject a colleague's invitations to join him for pig hunting Lily
"You were in the IDF… I'm sure you'll have success in hunting" ????
People go on fishing holidays on the shores of lakes and make a good living from the tent industry and rent the equipment or buy themselves a private piece of land that will be available to them whenever they want to relax and get out of the crowded city.
So just as there are real estate entrepreneurs, there are Restriction entrepreneurs who purchase or rent areas that allow them to operate various recreational facilities (kayaks, skiing, camping, etc ...)

Hops and without noticing - we got an answer to the question - how can you generate a monthly income from land?
Renters:
Operators of leisure facilities
Farmers
Farmers
One of my favorite ways to generate monthly income from land is by selling land using the “rent with option” / “owner financing” method.

About a little over 3 years ago I bought remote land in the Arizona steppe, the owners were heirs who did not know what to do with "this thing" that fell on them and they were happy to get rid of the land, the price I paid was about $ 500 for an area of ​​about 3 acres and I sold it Priced at about $ 11,000 in installments of $ 300 per month
Guess - how much was the down payment? … True $ 500!

I did not mess with tenants, I did not mess with repairs and the toilets did not break down in the middle of the night, I did not even get a single inflated bill of repairing a broken windshield from the management company.

All of the above types of land have owners, tenants and investors and any type of investment - requires comprehensive knowledge of the same industry
Here too, as in traditional real estate, there are strategies of purchase - improvement - development, maintenance or sale, flip or hall sale, however, as an entrepreneur who deals with land, I have a wider range of clients compared to traditional real estate entrepreneurs!

Who are the customers of the "traditional real estate" entrepreneurs?
1. An investor who buys a property for the purpose of renting it for a cash flow return and increasing the capital at the time of the sale or a partner investor in a flip
2. Final buyer - interested in living in the property
3. Tenant - If you own the property as investors.
Total 3 types of customers

Who are the customers of a land developer?
1. First of all each of you as an entrepreneur who wants to initiate construction
An investor who wants to hold the land for the purpose of selling it at a profit in the future
3. Land buyers who are planning to build a home for themselves in preparation for retirement or already now
4. Development contractors
5. Construction contractors
6. Tenants (farmers, farmers, attraction operators and more…)

As entrepreneurs and in general as a business concept - I always recommend that you ask open-ended questions… - Open-ended questions open a dialogue, a dialogue brings the parties closer and gives you the opportunity to hear things that may not have occurred to you to ask and are important to the deal or negotiations.
As entrepreneurs - you always have to think outside the box
Why is Bill Gates the developer of one of the largest US land investors and the list of large landowners includes the richest American aristocratic families including Ted Turner, the Ford family and many others?
They know the most obvious secret in the world (which no one else gives their opinion on) - "No more land is produced"!

* In the following posts I will of course talk about other benefits of entrepreneurship as a land developer but this does not mean that I rule out traditional real estate (I have been doing this for many years), many entrepreneurs prefer to feel the action, the activation of professionals and create there is nothing more adrenaline An entrepreneur told me (he did not think at the time about land development - only on Flip)
Every entrepreneur / investor needs to find the nature of his investor (lazy, hardworking, introverted, extroverted, etc.) I will dedicate my concluding post to this week as an entrepreneur
In the photo - the "money machine" that generated a monthly income of $ 300
Point to think about - how many such machines do you need to cover all your monthly expenses?

Tomorrow we will talk about land development - goodbye

Link to the original post in the United States Real Estate Forum on Facebook - Works on a desktop computer (To view the post must be members approved for the forum)

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