Land is one of the most important investments for your portfolio. It provides you with a steady cash flow and can also be used to create a passive stream of income. It's not as volatile as other investments, and it's also not as risky. Since it is a long-term investment, it requires patience, knowledge, and skills. But if you are well-versed in investing fundamentals, you should try it! With the increasing popularity of hunting, the demand for hunting land has increased and is now considered one of the best investments.

Join this conversation with Nic Schaalma as we sit down to hear his take on going all in on recreational land as an investment strategy and how important time in the market vs. timing the market is when we are talking recreational land

During this episode, you will learn about;

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

[02:57] A bit about Nic’s backstory as a financial advisor

[04:46] Nic’s current ratio of land investment vs. traditional investment

[06:00] His response when asked about what he does for investment

[07:16] When should you go 100% to land investment

[11:13] Overview of the land rates

[12:05] A journey through Nic's first real estate deal

[14:36] Sparking a land conversation with a seller

[16:34] Financial and mental preparedness he had for the piece of property

[32:12] His radius of property targets from home

[35:05] Wrong land practices that nearly cost him

[38:32] Why a more prime hunting land may give you the worst ROI

[40:24] Why developing interpersonal relationships may be frustrating to land owners

[43:11] Land buying rules that Nic has to play by

[45:06] How much his financial education has catalyzed his success in real estate

[49:20] Land contracting payment plan to avoid penalties

[51:57] How Nick learned about land contracts

[53:28] Why he doesn't invest in Bitcoin and other forms of investment

[55:56] Nic’s short and long-term land outlook

[01:01:09] His hunting journey to North Dakota

[01:02:14] A breakdown of ROIs on one of his land investments

[01:10:00] Ending the show and call to action

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