EP. 30: Mastering Land Flipping: Mike and Ligia Deaton’s Approach to Low- Risk Investing

Join us for an engaging episode of "Spur Your Wealth" featuring a dynamic panel of guests, including Mike Deaton, Ligia Deaton, Param Singh, and Rav Singh. In this episode, we delve into the world of real estate investing, focusing on the burgeoning field of land acquisition and flipping.Mike and Ligia Deaton share their inspirational journey from losing their corporate jobs to becoming full-time real estate investors. With a whopping seven years of experience, they've managed to achieve triple-digit annual returns without leverage highlighting a path filled with freedom and flexibility.Whether you're new to real estate or a seasoned pro, this episode is packed with actionable insights on the pathways to financial freedom and the exciting prospects in real estate investment. Tune in to learn from experts who practice what they preach and are eager to help you on your investment journey.KEY POINTS FROM THE EPISODE:1. Investment Strategy & Returns: Mike and Ligia Deaton discussed their real estate investment strategy which initially started with seed money.They've achieved triple-digit annual returns over the last seven years without leveraging or lending2. Tools and Platforms for Real Estate: The episode highlights the use of tools such as Craigslist, Facebook Marketplace, Zillow, and paid sites like land.com for real estate investments and marketing properties. Emphasized the variety and accessibility of resources for different strategies in real estate investing.3. Lifestyle Freedom: The Deatons, along with Param and Rav, emphasized the importance of achieving financial independence through real estate. Relocated to Colorado for a better lifestyle and more flexibility after downsizing their home in Dallas.4. Coaching and Community: Mike and Ligia have launched a coaching program to help others start in the land business, highlighting the importance of mindset. The importance of community in real estate investing, with members sharing successes and missteps to support each other.5. Transition from Corporate to Real Estate: Both Mike and Ligia transitioned from the corporate world to full-time real estate investing after losing their jobs. The discussion included the mindset needed to make such a transition and the benefits of taking control over one’s finances.CONTACT YOUR HOSTS: LinkedIn:  @spurequity Website: www.spurequity.comCONTACT TODAY'S GUEST:Linkedin:https://www.linkedin.com/in/ligia-deaton-1a99a944/ Linkedin:https://www.linkedin.com/in/michaelbdeaton/Website: https://flippingdirt.us/