Video summary
Stop Finding Land Buyers First (Do This Instead)
Main summary
Key takeaways
Business strategy: “Marketing first” vs. “Buyer first”
The speakers argue that trying to secure buyers before finding deals often fails because:
- You can learn buyers’ true “buy boxes” only after you’re actively bringing deals to them, including:
- zoning requirements
- wetland/flood constraints
- utility/power specifics
- public water vs. septic
- other micro-constraints
- Many sellers show up only after you have the deal under contract. Buyers may also not respond unless there’s something concrete to evaluate.
Recommended operating sequence (practical playbook)
- Target the deal first (get under contract).
- Immediately call/text buyers to test demand and pricing.
- Build a buyer list through execution (“you build a buyer list just by doing it”).
- Use “no” responses as data to improve:
- future pricing
- future negotiations
Concrete execution example (the featured deal)
Acquisition
- Purchase price: $20,000
- Land type/size: 1.5 acres
- Location: Okeechobee County, Florida (specifically the “Prairie” area)
Disposition
- Sale method: Assignment
- Sale price: $25,000
- Assignment fee/profit: $5,000
- Buyer profile: builder/investor-type (described as realtors who often flip/partner with builders rather than pure end-users)
Speed / closing strategy
- The seller initially wanted:
- a higher price
- a longer timeline
- The speakers pushed for faster close terms, targeting 14 days
- (They also referenced 30-day close as a negotiating lever in other contexts.)
- Rationale: a faster close helps you win in competitive markets where others target about 90 days.
Key frameworks & heuristics referenced
Velocity of capital (capital turnover)
- “Quick nickel” vs “slow dime”: accept smaller spreads to turn money faster and do more deals.
- Contrast with rehabbing:
- higher risk
- carry cost/uncertainty
- longer timelines
- Compared to wholesaling/assigning:
- frees capital sooner
Bell curve pricing / “leading edge of demand”
- Goal: price so the property becomes the next logical sale (sell fast while still profitable).
- Practical rule:
- if you can’t nail perfect comping, price below the median
- stay near the “leading edge” where buyers respond
Buyer “buy box” mapping through repeated outreach
Repeated outreach helps capture not just price, but constraints such as:
- flood/wetland status (“high and dry” parcels)
- public water vs septic
- power pole placement (e.g., only buying lots where the power pole is on a specific side of the street)
- neighborhood-specific micro-rules and “attribute requirements”
KPIs / metrics mentioned (numbers used for decisions)
Zillow market activity (Prairie area, 1–5 acre lots)
- Active listings: ~303
- Sold last 12 months: 556
- Sold last 6 months: 278
Pricing statistics (from their Zillow scraping tool)
- Median active price: $29,950
- Median sold price: $20,400
- Second comp example:
- active median: ~$29,9950 (≈ $29,950)
- sold median: ~ $26,000
- Rule-of-thumb takeaway:
- price below median to improve buyer response odds
- they claim this gets you ~90–95% of the way
Timing / turnaround
- “One phone call to get contracted”
- “one text to sell”
- ~14 days to close (in this example)
Deal economics / targets
- Minimum profit target: +$5,000 margin on a quick flip/assignment
- Example spread: $20,000 → $25,000
Actionable recommendations & playbooks (what to do next)
1) Buyer acquisition playbook (for land dispositions)
-
Call/text buyers immediately after contract
- Use buyers you’ve already worked with (speed increases via relationship)
- If the buyer doesn’t answer the first time, follow up to convert “no” into learnings
-
Text approach
- Buyers are busy; one-sentence, transactional outreach can work better than long pitches.
- Include “exciting” attributes (examples: proximity to buyer-owned property, public water, cold sack details).
- Send a snapshot of key deal data to reduce buyer effort.
-
Data capture loop
- When buyers say “no,” ask:
- “What was the main reason—price, neighborhood, constraints?”
- Convert those reasons into:
- better offer pricing (renegotiate with seller when it’s a price issue)
- better deal targeting (filter future properties by those constraints)
- “Power renegotiation”: buyer explains added costs (e.g., power pole location, clearing costs), and you adjust the seller deal accordingly.
- When buyers say “no,” ask:
2) Seller acquisition / list-building operations (direct mail)
-
Multi-touch direct mail cadence
- Example: postcard sent January; seller responded 6–8 months later (around August)
- Additional touches:
- letter sent July of previous year
- then a third postcard later
- No response in between in the described scenario
-
Lead list sourcing stack
- FreedomSoft / seller leads land with filters such as:
- absentee owners
- remove duplicates
- out-of-state / zip code owners
- exclude LLCs (unclear if always)
- exclude unknowns
- vacant land
- size: ~1.5 to 10 acres (adjusted)
- owned at least ~5 years (example: purchased before 2021)
- ZipFinder to identify top zip codes within the county to avoid “spray and pray”
- FreedomSoft / seller leads land with filters such as:
-
Postcard structure
- Short voicemail-style call-to-action with a reference ID
- Use “Call 24/7” framing
3) Realtor channel for buyers (bridge trust gap)
-
They recommend calling realtors who recently sold land nearby, rather than waiting for buyers first.
-
Core scripting angle
- Position yourself as an investor/buyer-side closer (not “a wholesaler”).
- Explain that you may sell after closing, and the buyer could be:
- kept
- built upon
- sold
- owner-financed
- etc.
- Ask if they know buyers; be prepared to pay commission if their buyer is real.
-
Commission negotiation guidance
- Realtors may start by asking their land commission (example: ~3%).
- If margins are small (e.g., $20k → $25k), they may:
- push for higher purchase price, or
- agree commission only if the buyer pays at/near asking.
-
When realtors refuse
- The speakers describe it as a “trust gap” / regulation confusion.
- Their approach is framed as transparent “by the book.”
4) Title company selection process
-
Look for firms that can handle:
- assignments
- double closes
- weird probate scenarios
-
How to choose
- Google + phone outreach
- Ask:
- whether they can facilitate the exact transaction structure you need
- expected closing costs (request sample fees)
- Evaluate based on:
- speed
- responsiveness
- quality
-
Referral strategy
- Ask realtors which local title company they prefer (local firms can reduce seller nervousness).
Concrete examples / “case wins”
Buyer already in their network
- They had a prior relationship with the buyer.
- Once contracted, it became “easy” to re-engage quickly.
Assignment vs. double close logic
They chose assignment because:
- the seller wanted a quick closing
- assignment avoided their margin being consumed by closing costs in a double close
Landlocked / probate / “moving levers” case
They secured a landlocked parcel by solving multiple operational problems:
- buyer’s access problem (tractor/farming routes)
- seller probate complexity
-
a neighbor controlling surrounding access created negotiation leverage
-
Estimated outcome: about $35,000 profit (described as approximate)
“Crumbled yellow letter” cash-buyer mail (anecdote)
- Results:
- send 25 letters
- get 5–6 calls
- sell to the first caller
- Operational tip:
- crumple/fold, place in an “invitation” envelope + red sharpie + one-scent stamp
Sources / presenters
- Joe McCall — host, “Real Estate Investing Mastery Podcast”
- Matt Bills
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