To supplement our inventory, we decided to buy properties through Land Arbitration (Land Arb). We swiftly acquired eight different properties across Florida using Land Arb. While we managed to sell several quickly and maintain positive cash flow, others didn't sell as rapidly. The most challenging aspect was receiving cash offers that were reasonable, but our unpaid principal balance was nearly as high as the offer.
Because of this, we decided not to purchase any more properties through Land Arb.
A few months later, we caught a big break. We found a seller looking to offload a portfolio of 30 lots that we were confident we could sell. We scrambled to secure outside funding to purchase all 30. Using an auction, we sold about half of those lots and recouped our entire purchase price, enabling us to pay off the loans we had taken to buy them. As we sold the remaining lots, our earlier cash flow issues began to subside, and we were able to continue scaling our business.
Without that opportunity, I'm not sure where we would be today. Because of our experiences—and that pivotal break—we are now looking to change how lending works within the investor community. We're offering a product similar to Land Arb that allows investors to have more control over their exit strategies. Our hope is that this relationship can be mutually beneficial and that we can become a long-term partner in your business.
Our Story
My brother Thomas and I, Ben, began our land investing journey in January 2023. For some time, we had been exploring business ideas that would allow us to work together without needing to live in the same location. Then we stumbled upon Mark Podolsky’s book, "Dirt Rich," which we both read eagerly. A few weeks later, we were fully immersed in Flight School and ready to launch our new venture.
Within two weeks of sending out our first mailers, we received an accepted offer. We were moving full steam ahead but could hardly believe how quickly and smoothly everything was progressing, just as Flight School had promised. Over the next few weeks, we purchased three properties in Putnam County, Florida. However, we soon found ourselves out of capital.
From those initial properties, we sold one on terms and wholesaled the other two to regain some capital. We realized, though, that continuously tying up all our funds in just a few properties would hinder our ability to scale and slow down our efforts to build predictable monthly revenue through holding notes.