No Sour Grapes for Smart Land Investors
January 11, 2009 by Steve Haight
Before we get started, let me just take a minute to wish
everybody a happy and prosperous New Year. We’ve got a lot of
profitable information coming your way in 2009.
So make sure to check your inbox for each and every issue of the Dirt Report.
Today’s issue is going to be a short one. Here’s why:
I have something pretty special for you to hear and I want to get to it as fast as I can.
In the last issue of the Dirt Report, I told you about the passing of my client and good friend, Rhett.
While I’m sad to see him go, it reminds me of a quote by Robert Frost that I think is pretty powerful. And it’s a quote that has a LOT to do with the point of today’s issue.
Here’s the quote:
“In three words I can sum up everything I’ve learned about life: it goes on.”
And so it does…
Tick, Tock, Tick, Tock
While Rhett’s story comes to an end, other stories are just beginning.
Take a friend of mine who just had a new son. He was born on January 1, 2009. What a way to ring in the New Year.
New lives coming in, and old lives going out.
Time just keeps marching on.
Heck, a few decades ago, Las Vegas didn’t even exist.
Then they built the Hoover Dam…
Now they’re building the bridge OVER the Hoover Dam.
As much as things change in this world, there are two things that pretty much stay the same: LAND and TIME.
And in the land business, TIME provides the magic that turns dirt into profit.
Without TIME, you don’t have much.
As the economy is going through its gyrations, with TRILLIONS of dollars just disappearing into thin air, land investors know that they’ve got the “magic” on their side.
Because no matter WHAT happens, “IT GOES ON.”
TIME goes on. And TIME heals all, as they say.
Okay… let’s jump into the real MEAT of today’s issue…
Turning Dirt into Wine into Money
Now I don’t know a whole lot about wine. I know that I like white better than red. And Chardonnay is pretty high on my list.
But other than that, I don’t really care if my wine is barreled in oak or cedar or balsa wood.
What I DO know is that to get wine you need grapes. And to get grapes you need…. DIRT.
Today’s featured guest knows about wine AND dirt. And he knows how to put them together for profit.
His name is Josh Moffitt, but most people call him the Arizona Land Baron.
I usually tell you that investing in raw land is NOT a smart idea if you’re looking for a cashflow producing piece of real estate.
Of course you can turn raw land into cashflow once you sell, but in general… there’s not a lot of cash flowing while you’re holding your land.
Unless your Josh Moffitt.
Josh has stumbled upon a pretty smart opportunity to generate cash on his land WHILE he’s holding.
Josh invests in raw land. But he concentrates on investing in VINEYARD land in Arizona.
And thanks to some fairly recent new laws in Arizona, the wine business is growing pretty rapidly.
The More You Know, the
More You Tend to Make
Josh is a smart land investor. And he knows that SPECIALIZING in a particular area is a huge key to maximizing your profit.
A few weeks ago, I sat down and interviewed Josh and got him to explain how he does what he does.
Josh is a perfect example of why KNOWLEDGE is so important in the land investing business.
The more you KNOW in the land business, the better off you’ll be.
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And that’s why a lot of the smart land investors choose to specialize in a particular area. Over time, they become the EXPERT.
That knowledge goes right to their bottom line.
I’m sure you think I sound like a broken record, coming back to this one idea again and again…
But the reason I hammer away on it is simply because KNOWLEDGE can mean the difference between you making money and you losing money.
Never forget: the more you know about a particular area, the better your chances will be to profit.
In this land investing interview, you’re going to hear how Josh got started in the land business (when he didn’t have a ton of cash).
And he’s going to walk you through one of the first deals he did. You’ll hear him explain how he acquired a 120 acre property, subdivided it and then sold off some of the pieces.
In Josh’s example, he was even able to sell one of the pieces before he closed escrow, and then use the proceeds to help fund the entire deal. He used something called a simultaneous close.
That’s smart investing.
The interview is almost 20 minutes long, and it’s filled with MEAT from the beginning to the end.
Just be sure to turn up your speakers and have a pen and paper ready to take notes. You can hear it by clicking on the link below:
That’s it for today. Be sure to listen to that interview.






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