This is a conversational transcript of a YouTube video (How to Get Passive Income in Land Investing) featuring Mike Zaino and Scott Bossman discussing land-investing tactics and outcomes. They describe buying distressed rural/undeveloped lots very cheaply (examples: $25–$2,000, often ~25% of value), self-closing deals for minimal fees, and reselling on terms to generate monthly passive income (e.g., $100/month payments). They argue that repeated small-term deals can accumulate into life-changing cash flow and can replace traditional job income and change lifestyle.
Chapters
Ready, Scott?
I'm ready. We are land investors. We buy land from people who are distressed. They might have back taxes, they might have just owned the property for 30 years. They don't know how to get rid of it. We buy it from them for 25 cents on the dollar. We self close all our deals. We close a deal on a hundred bucks or less, plus the cost of land, turn around, sell it for terms or cash. We love terms deals because that creates passive income for our families. It gets you out of solo economic dependency and you can quit your job.
28 seconds. Beautiful.
I'm getting better, better, better.
Yeah, we, we're involved. This little micro niche. Niche. I mean it's got to be a micro niche when it comes to real estate. When we buy properties, I mean I've bought properties for 25 and $50. Crazy. We've done this. $100, $500. It's not uncommon to buy, repeatedly buy properties for about $1,500, 2000. So definitely in a micro niche. But here's the thing, as Scott just so astutely. Is that right? Astutely pointed out.
Is that astutely? Yeah, that's a big word for you at 10 at night after a few beers. But yeah, you got it.
Two beers is correct. As he astutely pointed out, we take this land and we sell it in one year. We recoup the expense of buying that land and yet we have two, three, four, five or more years, continue to bring in monthly passive income. And so Scott, it's only $100 a month. You're saying that's not life changing to me, Scott, $100 a month? I mean, yeah, it's nice, you know, I'll take my wife out to Panera, maybe a little Cheesecake Factory. But is that life changing?
$100, Scott, not everybody's Mike Zano. I mean, 100 bucks for me back when I started this, that was a big deal.
Can I do $100 a month?
Listen, the hundred dollar Panera date with your wife, that's a lot of frickin Panera. By the way it turns in, you roll it into a $300 grocery bill, you roll it into a $500 car payment, you roll it into a thousand dollar, whatever, 2000.
Whose grocery bill is $300, Scott, like me has got a bunch of kids. Oh yeah, $300. It's just aisle five he's already at.
Yeah, exactly. So but the bottom line, the bottom line is this. And this actually will segue into the, into our topic for tonight, we should hit our. We should hear our topics. But the bottom line is this. This can segue into such a powerful business for you that not only are you taking care of your fixed expenses, but you're adding to your asset portfolio in a huge way and you're cash flowing in a true business to the point where you can work from home an hour or two a day in your land business and support.
You know, anybody who may have replaced their job with land investing. Anybody you know?
Yeah, these two guys on this call. I mean, you choose to work, but you don't have to. For crying out loud.
I was talking about you. I think it's amazing. Yes. You know, different story on this end, but I. Scott, you did it. You did it. You replaced your income with land investing. And that's incredible. It really is. And so I was being a little. Is facetious the right word when I said $100 a month? But it rolls, the deals roll, and all of a sudden it's life changing money. And you just change everything, right? I mean, literally change everything. You change your perspective, you change your. Your daily environment. Right? You change your daily environment. You change. Yeah, look at. Now you. We belong to the tracksuit.
Change your wardrobe.
Change your wardrobe. Neighbors wonder why this guy never takes his slippers off, even when he takes out the trash.
