In this call, the team discusses a recent land acquisition of 100 acres near Houston for $1 million, achieved through strategic direct marketing and MLS searches. Allan, who found the deal, shares his approach to quickly generating leads through direct contact with agents. The conversation shifts to the team's overall strategy, emphasizing the importance of leveraging resources, raising capital, and the mental and physical stamina required to manage large-scale real estate investments. The team also highlights the significance of trust, partnership, and allowing team members to make mistakes as part of their growth and success.
Introduction and Deal Announcement (0:00 - 1:04):
The call begins with a discussion about a newly acquired 100-acre property, introducing Allan who played a key role in securing the deal.
Allan's Strategy for Finding Deals (1:04 - 3:37):
Allan explains his method of using MLS and direct marketing to quickly find and secure lucrative land deals.
Financial Projections and Deal Breakdown (3:37 - 5:09):
The team discusses the financial aspects of the deal, including projected sales prices and potential return on investment.
Partnership Dynamics and Mental Health (5:09 - 34:01):
A deep dive into the importance of trust, partnership, and mental stamina in handling the pressures of large-scale real estate operations.
Consultative Approach and Closing Remarks (34:01 - 49:15):
The conversation wraps up with advice on taking a consultative approach when working with builders, and the team reflects on their journey and the value of learning from mistakes.
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