Obviously this guy is selling you an empty promises and dreams to sell his so courses. Investing in land bank properties is generally not a source of passive income. It involves active efforts like acquiring, renovating, and selling the properties. These tasks require time, management, and often hands-on involvement, which contrasts with more passive real estate options like rental properties, REITs, or real estate crowdfunding. While some tasks can be outsourced to reduce involvement, flipping land bank properties is primarily an active investment strategy rather than a passive income stream. Investing in land bank properties is typically not a passive income strategy because: 1. Active Management: It requires significant effort in acquiring, renovating, and selling properties, which involves ongoing management. 2. No Regular Income: Unlike rentals, land bank properties don't generate steady cash flow; profits are only realized upon sale. 3. Holding Costs: You may incur ongoing costs like taxes and maintenance while waiting to sell, which can eat into profits.
💎 info starts at around 20:00 in the interview
That’s my Coach! I learned how to bid on a $1K house! I pulled the trigger, yesterday. Thank you, Coach, Charles!
So let me ask you because he fully didn’t explain it. It’s it mandatory to fix up the property right away?
Was it thru Detroit land bank or what city?
@@bryanmcgee7522 He said 250 cities
Charles is a great mentor, he actually helped me with my first property and everything went smoothly
Charles is an absolute stud.. solid stuff brother!
“100% off” 😂😂😂😂😂 but nah on a more serious note this is straight bars
With just this information alone that’s a million dollar play right there ! Charles putting people on to game!!
Big time Gems dropped on here. This episode was fire. Charles Noonan wow ! Changed my life and way of thinking !
Charles Noonan....awesome podcast 🙌 #relationships #Partnerships #likeness. Listening and learning. Changing lives! Appreciate you.
Mitch changing lives! Props to you!!!!
Would love to be on your podcast and share how I buy houses without qualifying for a loan…
Lots of information really great
This episode was fun! I learned so much. Thank you
Charles Noonan 😍
Fab, thanks for the information.
You have to get your sound right push
When opportunity knocks...🚪
This episode was great, thanks for the information. I am eager to learn more! 😊
Bro your mic is way to low we can’t hear you guys
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Obviously this guy is selling you an empty promises and dreams to sell his so courses. Investing in land bank properties is generally not a source of passive income. It involves active efforts like acquiring, renovating, and selling the properties. These tasks require time, management, and often hands-on involvement, which contrasts with more passive real estate options like rental properties, REITs, or real estate crowdfunding. While some tasks can be outsourced to reduce involvement, flipping land bank properties is primarily an active investment strategy rather than a passive income stream.
Investing in land bank properties is typically not a passive income strategy because:
1. Active Management: It requires significant effort in acquiring, renovating, and selling properties, which involves ongoing management.
2. No Regular Income: Unlike rentals, land bank properties don't generate steady cash flow; profits are only realized upon sale.
3. Holding Costs: You may incur ongoing costs like taxes and maintenance while waiting to sell, which can eat into profits.
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