This is a conversational transcript excerpt from a YouTube video where hosts (Scott Bosman, Matt Forbes, Mike Zaino) discuss a successful land deal executed by a young investor named Frank and strategies for balancing land investing with a full-time job. The excerpt includes the deal's numbers (buy price, sale terms, returns/timing) and practical time-management suggestions for people working shifts (nurses, firefighters, trades, 9–5) to build an investing side business.
Chapters
Oh, you want the numbers from Frank. You love the numbers.
Yeah. Numbers. I'm gonna get my calculator out.
All right. He bought it wholesale for 3,300.
Oh, I love this story already. Okay.
Sold it for 548 down, and that's including the dock fee. So 548 and then 150amonth for 60 months.
So bought for 3,3300. Sold for 95.48. So essentially, he tripled his money. And, yeah, that's a legit deal. The only question, Frank, is how long did it take you to sell it? How quickly did you turn that around? But that's a great deal, by the way. That's a killer deal. And you did the thing that most people aren't willing to do, right? You're like, yep, I can go get a property. I can go flip it. I can get it now. I don't have to go mail. I don't have to go wait. I don't have to go have an intake person. I don't have to go deal with everything. I can just go buy what I want right now in the open market and pay more for it, but I can get going. So I tip my hat at you. That's good steel.
Yeah, very nice.
He bought it in October of 2020. So five months.
Five months to triple your money. Not so bad. So he's 548 down, including Doc Fee. So it's 3,300 minus the 548 divided by 150. So he's out in 18 months. So that's a little long, but that's not bad. That's a great deal. If I could do two of those a week, I'd be a happy guy.
How much was his monthly payment?
150 for 61.
50 for 60 months. Yeah.
Frank, that's awesome. I'm excited for you. You know, Frank is a young guy, and I always tell you guys and I tell other people that I'm always jealous when I talk to the Youngins because this guy's, like, fresh out of college. He's a respiratory therapist. You know, he's, like, in his mid-20s and awesome. What would you guys have? I mean, I'd give my left arm if I could have found this in my mid-20s.
Yeah. As somebody who's in his early 40s. Yeah. And you two are in, what, your late to middle 50s.
Wow.
So, yeah.
Wow.
You can't say that on the show. You have to be nicer. That guy's a jerk.
Unbelievable.
Unbelievable.
Mysterious guest.
Oh, Frank is a nurse. Sorry, Frank, for some reason I thought you were a respiratory therapist. He. He's a nurse, but he works. You work on the respiratory floor, is that right?
Frank, do you work like wackadoodle nurse hours where you work like a firefighter, where it's 10 or 12 hours. You only do it a few days a week. Is that like a thing for you or am I making that up?
Yeah, a lot of nurses, they do the three 12s.
Three 12 hour shifts.
He works on a pulmonary step down unit. That's what it was.
You know, it.
I knew there was something about the.
Pulmonary side knowing the community. Very solid. Right. Well, I mean, I, you know, I can think of nothing better than. I hate to. Hate to suck up to Zano. But, you know, being a firefighter or being a cop or doing something or being a nurse. Yeah. Yes. Three 12 hour shifts where you have time, right? You've got serious time. I mean, you work ridiculously hard, don't get me wrong, but you've got time to put into the business. Like, that's kind of cool. I like it. I think it's neat.
Yeah. He works three 12 hour shifts. So that's. That, that's awesome. I mean, I think, you know, Mike, you would have to say that, you know, your career, I would think, although you work very long hours, I think your career, your profession is very conducive to this business, wouldn't you say?
Yes. With the time off, you know, a lot of people will get into the trades and whatnot, but that was never my calling. I don't have those type of skills, but I have the time off that I could, you know, look into something else. So, yeah, absolutely. I think it fits well for sure. And I think nurses would be the same. And anybody else who works like a few shifts with, you know, per week, you know, longer shifts, but has those days off, it's. But still, I think, you know, we've talked about just people working the regular 9 to 5 grind, right? And how it can be difficult. But we talked about finding those moments of the moments to spend on, you know, building your business. And there's these. I love going back to what we talked about that, right? Those hidden moments, like if someone were to leave work at 5 and get caught in traffic for an hour, then get home, well, go to a local coffee shop and spend 45 minutes on your computer. Traffic dies down, you've spent an hour, 45 minutes, an hour on your business, and now you have an easier commute home. And you don't have to worry about it. So, you know, finding those windows. I know. Scott, you talked about getting up early and Matt, I'm sure I don't think we've talked too much about how you were splitting your time in the beginning, but I would imagine it'll be similar.
Right?
You had a. You had to make the time. Right.
To create this opportunity, you got to find the time. I'm lucky enough to be an enterprise sales guy for a startup, which means hit your number and go. Sort of. Unless my boss is listening, I don't give a shit what you're doing, just hit your damn number. So in that role, it's great because I can go take a call. If I'm not on a call, I can go for 15 minutes. I can do those things. But yeah, in the beginning, like, you know, brutal, right? It's brutal. Working a 9 to 5 and then working an hour or two at night and you just, you're so tired you don't know what to do with yourself. But whatever, suck it up and go do it. And then, you know, like I had, whatever. Today's the 10th, so the 8th is when I have, I swear all of my loans come due on the 8th. I don't know why, but I get those Geek Pay things. I love the 8th. It's my favorite day of the month. I must have 15 notes that come due. I have an entire inbox just full of notes.
Do you notice? How did you get. Have you guys noticed on Geek Pay how they used to come right away in the morning? Like I'd wake up later, my coffee, you know, go through a little bit of a morning routine and then look at my email inbox in the morning and you'd have all these payments coming in. And then one, one day on the 15th, I wake up and I'm like, where are the payments?
No one paid me. They're now at like 4 o'. Clock. They come out.
Yeah. So something changed with Geek Pay. Now they're later in the afternoon. So I just, I just thought I'd.
Throw that in there.
It was kind of funny.
Yeah, but it's, you know, whatever. Like this business, you know, I feel like I'm always the realest in, in the group. You know, the business sucks to get going. It is what it is. It's not overly complicated, but it takes a lot of hours and a lot of time and a lot of effort and you got to not quit. And lots of people quit. They all. It works every time, you know, it's pretty rare where you can get involved in a side hustle that works almost 100% of the time. That's really, really rare. And you can get in for very little money. It's not a lot of those hanging out there, Right. So the. So getting in is a good idea, but then takes a long time to outsource it and everything else and just don't quit. And then in, you know, two years or a year, I mean, we got people coming out of flight school who are murdering it, making me look like I wasn't even trying. Right. But, yeah, and then you wake up and you're Scott Bosman. You're like, you know what? I'm not gonna go to work anymore. I'm good. I'm gonna wear a track suit all day.
