Manage episode 376641954 series 3285723
Join Sean Asada, a real estate broker and landowner from Iowa, as he shares his experiences and insights in the real estate industry. Learn about his journey of buying and owning his first piece of land, the principles for successful property buying and selling with a partner, and how one investor transformed an undesirable property into a profitable opportunity through CRP and a 1031 exchange. Discover the secrets to success in real estate investment and land buying and how you can increase the value of your property through trail cam pictures and land improvements.
• Sean Asada is a real estate broker in Iowa who has been licensed since 2017.
• He bought his first piece of land in 2008 during a time when the market was uncertain.
• Sean's entrepreneurial spirit led him to explore various sales experiences, including selling vehicles and appliances.
• Land ownership as an investment: The belief that land value will eventually increase regardless of market conditions.
• Trust is the foundation of a successful partnership. It can be tested by imagining scenarios like handing someone a million dollars or a tempting hunting opportunity.
• Selling properties can be emotional, but it's important to focus on the good times and be grateful for the opportunities.
• Utilize CRP enrollment to generate income from tillable land.
• Sean's initial interest in real estate began in 2004 when he started looking for land online.
• The initial motivation: Having a place to hunt without needing permission from others.
• The trend of hunting becoming a rich man's game: The unfortunate shift towards hunting being more accessible to those with financial means.
• Effective communication and a willingness to work through disagreements are key to maintaining a healthy partnership.
• Despite its poor condition, the investor saw the upside potential in the property and decided to buy it.
• Finding a place to hunt without having to ask permission is a driving factor for many buyers.
• There is no such thing as a perfect farm, so buyers must determine what imperfections they can live with.
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