As an Army Officer with over 8 years of service, Brent Bowers was spending a great deal of time away from his family, and he knew he needed to make some changes in order to be more present with his wife and children. His interest in real estate began in 2007 when he purchased his first home, so Brent began exploring real estate investing as a way to support his family while being able to enjoy more time with them as well. In a short amount of time, Brent was able to expand his business, hire a team, and (most importantly) spend quality time with his family while still working hard and helping others. While Brent invests in many different types of real estate, his favorite investment strategy deals with buying and selling vacant land, and he enjoys sharing his expertise in this area with his coaching clients. Brent chooses to live his life based on Bob Burg’s quote, “Your influence is determined by how abundantly you place other people’s interests first.” He is passionate about helping other people find success in real estate investing, particularly inland investments.
[00:01 - 07:46] Opening Segment
Get to know Brent Bowers
Brent’s journey to being a real estate rockstar
The Best Way to Get Started in Real Estate
[07:47 - 16:10] Building Passive Income with Land
Turning Real Estate into Passive Income
Forced to build a team by being in the military
Passive Income and Lifestyle Freedom
Brent’s Overarching Strategy
We’re speed, we’re convenience: Buying ⅓ value and getting full value
“There’s nothing sexy about land.”
How economic disruptions affected Brent’s business
Paying More, Selling Faster, Selling More
[16:11 - 27:53] Keeping Your Lines Active
Why realtors don’t want inexpensive properties
The Teeter Totter Method
Mailing Landowners and Tax Bills
Why Brent would still keep answering the phone
Setting Specific Lines
How to Answer the Phone from 8 to 5
[27:54 - 37:09] Closing Segment
Quick break for our sponsorsGroundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started.
What is the best investment you've ever made other than your education?“A team member which I call a partner.”
Brent’s worst investment that he didn’t makeA renter that paid with Bitcoin monthly
What is the most important lesson that you've learned in business and investing?“Don't try and take on all the opportunities, focus on the opportunity in front of you.”
Connect with my guest. See the links below.
Resources Mentioned:
PATLive
Tweetable Quotes:
“I knew I wasn't going to get anywhere by myself. So I built a team, I did what I did best, and hired out the rest.” - Brent Bowers
“If you can't answer the phone from 8 to 5, find someone that can.” - Brent Bowers
“All real estate guys should be creative, especially land guys.” - Brent Bowers
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Connect with Brent Bowers through Facebook, Instagram, Youtube, and LinkedIn. Visit their website https://www.wholesalinginc.com/land/.
Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/