The Biggest Regret of a Land Buyer/Investor - Pat Porter

Finding And Buying Your Next Parcel With Pat Porter

We often talk about finding a good parcel, fixing it, and reselling it to move money faster and grow. However, when buying a property, there are some things that you should take into consideration. The most important thing to consider is the price and the market conditions. You should also be aware of the possible risks, your financial strength, and the potential of your investment. The more you know about what you are looking for, the better the deals. Join the conversation with Pat Porter as he dives deep into the details to help you find your next best deal.

Pat is a real estate broker and owner RecLand Realty, a Land Broker LLC that sells hunting land, timberland, ranches, and farms. Pat has been in real estate for a long time and has been directly involved in the purchase of hundreds of millions of dollars real estate deals across different states, including Louisiana, Mississippi, Arkansas, Texas, Iowa, and Missouri.

Tune in!

During this episode, you will learn about;

[00:01] Introduction to the episode and pre-show talk 

[03:30] A little bit about Pat Porter's background

[04:47] The type of buyers Pat works with and where he gets them 

[07:54] Tips on how to build equity in your property  

[13:38] Key things that Pat looks for when buying a parcel 

[17:26] Where to get started in buying and reselling parcels to make income

[20:53] How Pat got into contact with the investor he works with now 

[22:59] Some of the mistakes that Pat has made and the price they had to pay

[27:24] Reducing property price and how Pat handles such conversations with clients

[31:10] How Pat finds his deals and the benefit of listing with a company

[33:17] Pat’s advice on how to shop your next parcel  

[39:10] The real estate threshold of finding a good parcel

[42:10] Buy and resell market trajectory and why you should get started now 

[46:41] How to reach out and connect with Pat

[47:25] How to get a free copy of Pat’s book; ending the show 

Notable Quotes from the Episode

• Making improvements and increasing the use of a property is key in real estate.
• Start where you are; if you can’t understand your local market, you can’t understand markets in other areas.
• Before looking for a deal, understand your financial strength, what you can leverage, and the risks you’re willing to tolerate.
• Stick within your budget, make a deal, make some money, and invest it to grow
• Make sure you’re buying your parcel at a price you can get back if the world changes; don’t over leverage. 

Let’s Connect

Pat Porter

Website: http://www.recland.net/

LinkedIn: https://www.linkedin.com/in/recland

Instagram: https://www.instagram.com/reclandrealty/?hl=en

Facebook: https://web.facebook.com/recland?_rdc=1&_rdr

YouTube: https://www.youtube.com/c/RecLandTalks

The Land Podcast:

https://linktr.ee/TheLandPodcast 

https://linktr.ee/exodustrailcamera 

https://bit.ly/TheDeerGearPodcast

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