Manage episode 488160105 series 1126364
Tune in as the team discusses:
- Why quick land flips may be the right path when you're just starting out or trying to pay off debt fast.
- How Mike paid off $40K in debt within a year through wholesale deals.
- The downsides of relying too heavily on fast cash—and how it can become addictive.
- The benefits of passive income through owner financing and how it builds long-term wealth.
- Why a healthy land business should balance both strategies based on deal flow and goals.
TIP OF THE WEEK
Scott: There’s no one-size-fits-all. Some seasons call for cash, others for cashflow. What matters is having a clear goal and adjusting your strategy to match where you are.
Mike: Quick flips helped me knock out $40K in debt fast. But over time, I realized I wasn’t building lasting income. Fast cash is great—but don’t forget to build something that pays you long-term.
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"Isn’t it time to create passive income so you can work where you want when you want, and with whomever you want?"
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