Dr. Mamta Kumar, a former investor turned land investor, joins us on this episode of BootstrapMD to share her success in the world of land investing. While real estate discussions often revolve around houses and multifamily units, Dr. Kumar has taken a different path by focusing on purchasing raw land.
With over a hundred properties, she has effectively replaced her clinical income and now devotes her time to land investing full-time. Dr. Kumar will walk us through her strategies and shed light on the opportunities and challenges in the land investing market.
Fast FIRE MD – Dr. Kumar’s website on Land Investing
Dr. Mike Woo-Ming: One of my popular topics on the podcast is real estate investing, but today we have a guest who doesn’t do traditional real estate investing. We’re not talking about houses, we’re not talking about multifamily. We’re talking about good old fashioned land. And she became so successful doing land investing is that she was able to replace her clinical income and now does.
Full-time land investing with over a hundred plus properties. She’s on the program. She’s gonna tell us how she does it, and we’ll learn more from this internist turned land investor. Dr. Mamta Kumar on this episode of BootstrapMD.
Hey guys, this is Dr. Mike Woo-Ming. Welcome to another edition of BootstrapMD. This is the podcast for physician entrepreneurs and investors. Anytime I talk about real estate, I always get a lot of popularity in my podcast episodes, but this time we’re gonna do real estate that you may or may not be familiar with.
And today we have an expert who also happens to be a physician who’s been really successful in being involved in land investing. She’s an internal medicine physician, turned land investor for three years. She’s done over a hundred deals and runs a seven figure land investing business virtually with a team, with systems and processes in place, which provide her time and place freedom to work anywhere.
She’s the founder of Fast Fire MD. She has a passion to help fellow physicians achieve financial independence quickly through land investing so that they can live the life they’ve always dreamed of without compromising their careers or personal life. She loves educating other doctors in the Facebook group.
Fast financial freedom with landed investing for physicians. And she also has a eight week group coaching program for physicians that’s coming out soon. So you’re gonna wanna know more about it. I’d like to introduce to the program, Dr. Mamta Kumar. Mamta, how are you today?
Mamta Kumar MD: Hi Mike. Thank you so much for having me and thank you so much for great introduction.
Dr. Mike Woo-Ming: Great. And we met back last year at the summit put on by Peter Kim. And we have been talking, and I think you were already involved in land investing and you just slowly let that out and there was like a little bit of buzz and then soon after, like a little congregation of other doctors came and found out, tell us more about it. We wanna know more about it. Is that accurate or that pretty accurate?
Mamta Kumar MD: Quite a time. I mean, yeah, that’s pretty accurate. I’ve been doing land investing for almost like three years, but that was the first time, like in a congregation, group setting. I started to speak about it.
I do have a local group of physicians, which was a branch off as well. They knew I was investing in land. And they have been tracking my journey all this long. But in a group setting like that, I was, it was the first time where I was open about, Hey, this is what I’ve been doing and this is what I love doing and this is what, how I spend most of my working hours.
So yeah, as you are right. People got trusted and they were like, what is this? This is very new. So I almost came out of my shell at that time for the first time.
Dr. Mike Woo-Ming: I love it. Thank you for coming on and I wanted to have someone who truly is an expert on land investing.
So let’s first talk about it. You are a physician, but you have a very interesting from what I understand, a very interesting route on how you got involved in land investing. Tell us all about it.
Mamta Kumar MD: Yeah, it’s an interesting journey. I’m the kind of person who always not necessarily wanted to be in medicine because but that was the one skill which I had, and I was not looking for a way out of medicine necessarily, but with the life situations, with especially parenting my own health situation, I was just trying to find the right job in the right setting.
And it seemed like I, in eight years, I graduated in 2012. And I went to my first job, which was a primary care, full-time, primary care job. I realized that was just too much for me. I could not hold onto that job. Then with the same employer, I switched to urgent care and then I switched town and I was like, you know what?
This is not working either. Then I switched to an no. This job where I would be working in the nights and I would be, off in the day every other week, and then I switched to part-time hospitalist job. But at my last job, I realized it. This was even before pandemic. I realized that. With my life situations and everything I needed to just probably stay part-time in medicine. And that’s what I saw that I’ll always be. But when I realized that my income is gonna be slashed to a half, our expenses were not cutting down that much. And I knew little to almost nothing about, finances, but we had a family friend who was doing some virtual land investing and he had the success with it.
So I was like, you know what? Oh, it seems like this works. So let me, why don’t I, like, when I was working as a part-time hospitalist, I had three weeks off at stretch, so that left me with enough time to start venturing into it. And when I started to do that, the model which we do is mostly like a flip or bite cheap or, under market value, and then we’ll sell it at a table or a little bit below retail and the flips were faster and we were able to make the income and I realized that I was able to get six figure income in a year.
Even that year, and that’s what my goal was. So I was like, you know what? This is so awesome. I’ll just continue to do this to supplement my income. So that’s how it started. But in pandemic because my own health reasons, I went on medical leave and that’s when I went full in, with this.
Dr. Mike Woo-Ming: Love that story because we have many doctors who perhaps want to start their own business and perhaps, their heart isn’t into it. They’re looking for different streams of income in your case, similar to mine as we have a connection. I also have a son with special needs. He’s an adult now, and I wanted to reduce my income. I love medicine, but I didn’t love, some of the aspects of medicines, which I’ve detailed previously time, previous times in the past.
But it’s, you have to do it as a necessity, it’s, and you’re gonna be more involved if hey, We just dropped our income, we gotta figure this out. The mortgage isn’t gonna pay itself. And it sounds like that was a pretty similar situation which you got involved. Did that make you even more determined to make this work?
Mamta Kumar MD: Definitely. And knowing that your child is a special needs child, they’ll always need support or maybe even more. Because when she was born, she was getting all this aids from the government and this and that, all these therapies, but how long are we gonna be doing that? So at one point I realized that I would need to become more involved and probably I will be a better suited person to have those skills, to take care of her closely.
And looking at long term, there was no way I could continue to exchange that time for money. I was definitely way more motivated and didn than anybody else out there because the motivation was not just for me to have vacations, it was just the necessity of that kid and the whole family per se, because when I’m am available more, definitely the whole family can be way more balanced and we are able to enjoy a better quality of life.
Dr. Mike Woo-Ming: I love that too. And what you’re doing too, just like I’ve always emphasized is, “hey, you’re gonna make an income now. You make a really nice income right now, but what do you have to leave for your kids?” You need to start being involved in building revenue, generating assets, knock on wood, if anything happens, Hey, you’ve got a hundred plus properties that is generating income from you, and then somebody can help support your kids. So when? When you’re gone.
Mamta Kumar MD: Correct. Yes, and in fact, this was the reason why I chose this. Even though I have founded Integrative Care md, which is a telemedicine practice, but when it came to exchanging my time, I realized that if I spend my time in the real estate and building the team and system and structures, the income will continue to come long term, and we are building the asset.
But if I spend my time on Integrative Care MD, it was one-to-one consult. So I didn’t wanna go in that rut. And finally this year I decided to stop that. I’m not doing that at all. That door is just closed for me because I don’t want to go back. Exchanging the time for money. And this is one of the other questions which I get from a lot of physicians.
Like, how did you decide to like you were doing integrative medicine, weren’t you? Like how did you decide to pivot? And this is how I decided to pivot because I was like, I could have grown that. Just like you have done, having, like hiring other people, let them run it. But again I really think it’s a very different business model compared to the land investing, which I was starting to understand and it was giving me the result already.
So once I knew that this is the end result I’m looking for than I just chose, it was no brainer to go buy land, invest in real estate, rather than integrative medicine or telemedicine route.
Dr. Mike Woo-Ming: Yeah. And I tell anybody who starts a business, the goal is what we call an ELF business, E L F, Easy, Lucrative, and Fun. And it sounds like you, you definitely hit on this. Before we get into the land of investing and how you got started, when you tell people that you’re in real estate, probably the next question is, :oh, is it a short term rental?” So why do you think it people don’t even think about land? Do you get that question a lot?
Mamta Kumar MD: I do because, and again, I really think there is a lot of factors about it too. Land has always been a limited resource out there, and land buying and selling for profit is something which has been done forever. But I really think this real estate here, especially in the physician community, I noticed that in past few years, especially around the pandemic and after the pandemic, everybody has been talking about this real estate and they talk about the tax benefit.
Everybody starts to talk about how they can save taxes. And that’s why they just go on the route of single family duplexes or multifamily because it provides you the tax benefit. Now, the lab foot model, which we do, it doesn’t provide the tax benefit, but it can just multiply the income.
It’s like a very good cash generating business. So I like to just balance even buying and selling of the land with also creating a portfolio of rentals where I’m able to save my taxes as well. But I really think the land, I don’t know, somehow it’s just not many people are talking or maybe they’re not exposed to that either.
Dr. Mike Woo-Ming: So let’s get into it. Your first land deal and so talk about the process. You found a mentor. You said it was a local mentor who was involved?
Mamta Kumar MD: No, it was mostly a course. It was mostly a course. He directed us to a course, which was a recorded course with no life competent whatsoever.
So I just followed the course and follow the system and it was, it taught me to just go ahead, wherever I wanted to choose my market first, then go ahead and collect the data of the landowners. Either from a paid website or from the counties. And I believe it didn’t even have any much subscriptions, and I reached out to the counties and mailed out to them like, “Hey, I’m looking for the vacant land owners. Can you provide me the list?” And they were like,”yeah, the cost is gonna be $30, $50, whatever it is, you pay it to us by the check and we’ll mail.” A CD or we’ll mail your attachment. And that’s how I got some initial, stuff. And then I realized that, I was like, I don’t know if this is gonna work or not.
I scrubbed the list and printed it off in my own printer at home, turn on a movie. I. And then stuffed like a hundred letters, like a neutral letter like, “Hey, we are investors and we are interested in, purchasing your lot. Would you be interested? You can just give us a call at this number or that, whatever number it was at that time.”
And I was like, I don’t trust this. I’m not gonna spend a lot on this. I would just turn on the movie. And start stuffing. And I realized that was one movie I was able to stuff like hundreds. So I think initially in first batch we sent out like 250 and I dropped it off in a regular mailbox.
And then I started to notice I never took a call because that’s not my suit. And I was like, you know what? I need my time and I need to have that flexibility. So we had a call center. So call center would collect the calls, take the calls, and then. At that time, there was not much competition. And rather than even calling them back, I would just review the property, come up with the offer price, which made sense at that time, and mail out the offer directly to them and they would sign it and they’ll send it back to us.
So that’s how the initial process looked like. It was like very simple, with not much expense because I didn’t want to spend a lot on creating the system unless I knew this, system worked. And by that, I think in six months we were able to purchase like 10 lots. And within three to 4, 5, 6 months, we were able to sell them off as well.
Dr. Mike Woo-Ming: I love it, but we’re gonna get to some detail on it. If you don’t mind. Was your first land deal, was it local to you? Was it in another state?
Mamta Kumar MD: It was. So it was not local to me and I never went in and saw that lot locked. You never went. I never went and none of these lots I go at all it’s all done virtually.
But I used to live in San Antonio and I live in Austin right now. And when I started this business I was living in Austin, so I knew the suburbs of Austin and I knew the suburb of San Antonio. So those were the markets which I chose at that time. And the initial few deals which I got were from suburbs of San Antonio.
So I knew that area was growing, I was able to analyze them all virtually, but physically I had never been to that neighborhood even when I was in San Antonio. So all the research was done online. I never went in there at all, ever.
Dr. Mike Woo-Ming: Now I know that you’ve got a course coming out and we’re gonna talk more about that, but what are some… first off for the people who have this land currently, what is their inclination to sell it? And is there some type of demo. Are they? Are they old folks? It sounds like this is all through mail. You’re not doing this electronically. That’s what it sounds like.
Mamta Kumar MD: Yeah. Yeah. So yeah, so there are certain demographics which we kind of head on when we were filtering the data.
Before, it was just depending upon, “hey, if this county the size. The length of ownership, that’s what was the criteria of the data.” But I realized that with time, that most of these people fall into two categories. One of them is like older folks who have adult kids. They don’t themselves have planned to build on that lot anymore, and their kids don’t want them either.
So this lot is basically a liability to them that they are paying the taxes every, year. They don’t have any use to that at all. So those are the first category. And the second one was a little younger folks who inherited this and they have no plans whatsoever and they would rather have cash in their hand than this land, which seems liability to them.
Because if you don’t have any plans for the vacant land, if it falls into HOA, then you’re paying the HOA, or if there’s no HOA, then you still are paying taxes and it adds up when you just add up the years. These were are the two demographics we see that most of the land seller falls into.
Dr. Mike Woo-Ming: You said you have over, at least in the bio, you said over a hundred plus properties is probably even more than that. How, what’s on average… let’s talk about your first deal. Maybe, talk about if you don’t mind, like how much did you actually make on the, on your first few deals?
Mamta Kumar MD: Yeah, so initial cutoff I always kept in my mind was that I always wanted to make at least 10 K profit per deal.
Whatever price point we buy, if the selling the difference is not 10K, which comes in my pocket, then probably it’s just not worth the effort. I’m sure for a lot of people it’s worth the effort. For me, it was not. So initial few deals when we did it was barely below 10K. It was around 8K to 10 k.
Few deals were around 8K margin, and then after that it was always 10 k and above. And slowly we keep on pushing that margin more and more. Our average margin, like last year average was 27,000 per deal.
Dr. Mike Woo-Ming: Wow. . How much is land, that’s like asking you how long is a string? What, someone who’s coming in, they’re looking like, okay, what, like how much do I need to spend? Is it half a million? We thinking about multi-family and things like that. Sounds like it’s a lot cheaper than that.
Mamta Kumar MD: It is definitely a lot cheaper and you can choose. In fact, when I’m pulling off the data, the acreage, which I choose depends on what price range of the property I wanna acquire. So for example, when I was starting, I went for very smaller, like cheap lots, which were within the city, like right outside the city.
And we were acquiring anywhere around, like it was, the acquisition price was less than a thousand, and the sale price was around 15. Yep. That’s what our average, like around 20 to 40 deals were in that price range. Buying it around a thousand to less than a thousand, and then selling it around 12 to 15 to 20.
And so do you mentioned the stand standby the standards in real estate easy. You invest in what you know, and you said you invested because you felt. That this is an area that’s growing. Are there other factors that we should be considering or looking into when determining the land properties?
Yeah, definitely. You wanna find the areas where there is a lot of sale activity going on, because if you find a dead market where there’s nobody selling or nobody’s buying, that’s a dead market, I would never even pull the data from there. So whenever we analyzing the market, first criteria is definitely a market which is active.
Like we try to see if the, so comms should be almost same or more than for sale lot. So that means that a lot of properties are getting sold and there’s less available, so that when you put your property there, then it will sell faster. And then when we come to the nitty gritty, when I set on taxes, I really think there are some characteristics of the lot itself.
For example, if there’s a restriction on the lots and one you can just build a house in there, then that kind of decreases the desirability of the lot. In my mind I noticed that unrestricted lots with no restriction goes away pretty fast. No floodplain. I really hate the floodplains because lots will just get stuck there and the slopes.
But we do most of our marketing in Texas and most of our deals we have done in Texas, even though we have done deals in other states as well, Texas is pretty much flat. But if you are going to other states and you have to look at the slope, if there’s any slope, that’s not good because that increases the buildability of cost.
Then one other thing is sometimes we also get into what we call is landlocked. That means there’s no road access to the lot, it’s just surrounded by other vacant lots. Then you fall into some legal issues where you can still get the access to the lot, but it takes more time and effort. So I try to avoid these, few categories for sure.
Dr. Mike Woo-Ming: And on average, what do you try, it sounds like you’re doing like a flip for this on average. How, what, how often do you hold onto these properties?
Mamta Kumar MD: Last year I did the whole calculation of what was the average day hold of the properties, which we have, sold. I noticed that the last year the number was 114 days, which was definitely higher than before.
So right now in this market, I’m noticing that I’m holding to the property anywhere between three to six months. And it varies in properties characteristic, your price point. But I think the price point, which I have right now is definitely a little bit higher. So higher price point lots will stay a little longer as well because you need to wait for that right buyer.
As like in the real estate market in general, we’re on the down downswing here. Does land also get affected from, as it would, conventional housing?
I definitely think there is effect for sure, because everybody’s holding onto their money right now. But one thing which goes in favor for the land is like, all this for cheese and sale is happening without the bank.
Like most of the buyers, none of them were, getting financed with the bank either before this. So if we are able to provide a good product, which is the land at the right price in the financing terms, so we are still able to sell a lot in the financing terms if it’s at the right price.
I’ve noticed that anything which is less than 50k, it’s still moving. Pretty good for us, but anything we just a little bit on the higher side more than 100K, definitely they, the need and the buyer pool has gone down a little bit, but we are able to move the property with a sell up financing where we act as a bank and, we provide them the terms where they can do the down payment and monthly payment.
And as long as we are able to work with that, I really think this year that has worked way more than other ways of selling the land.
Dr. Mike Woo-Ming: Let’s delve into that more because seller financing, there’s some kind of, some misconceptions on it. So tell us again how you utilize seller financing to make your deals work.
Mamta Kumar MD: So mostly we’ll purchase all the land cash. So we own them already, but if the price point is a little bit higher, we’ll give the option. We’ll, whenever we advertise the lot for sale, we’ll also go ahead and put in that, hey, we do sell a finance as well and we have flexible terms. Just contact us and usually, rule of the thumb, we try to get our money back within two years. So we do have little calculation, oh, at what price point we acquired it and what’s the lowest down payment we need and we do our amortization calculator, and then we have the numbers ready. I’ve noticed that most of the buyers in that case, they’re just interested in knowing how oh, I can afford this month down payment and this much is the monthly payment I can afford.
Is that something which is gonna work with you? We put the numbers in and see how long the term is going to be. We try to keep the terms less than 10, 10 years on average. We try to keep it between five to eight years, and then they do the down payment. We have already recovered our money either with the down payment, if not, then in two years, and those monthly payments will just continue to come in for the whole term.
Dr. Mike Woo-Ming: Now, when you sell, are these individualized investors, are you working with, corporations maybe looking to put something in there? What? What’s the word?
Mamta Kumar MD: It’s usually, yeah. Most of the buyers are either the end buyer or if our lot is unresected, then the mobile home companies will do a package deal.
Dr. Mike Woo-Ming: Oh, interesting.
Mamta Kumar MD: Yeah, so these are the two buyers, and we don’t go into restricted lots where there’s lot of only house builders are the one year exit point. We have not sold any lot for the house builder just because, we kinda go for unrestricted lots. So most of our buyers already either have the use in mind.
Or in near future they’re like, oh, I want to do this. There will be some investors who we have done some recurrent, business with as well in the same neighborhood. The same investors just keeps on coming back to us and we’ll just provide all of us to them.
Dr. Mike Woo-Ming: So I’m curious, when you got involved in land investing, it sounds like you went in full, but did you look at other types of real estate investing?
I know that their listeners on there is like ” No Mamta’s not having to deal with phone calls about toilets being plugged up or dealing with trees, falling on roofs”. Did you look at other types of real estate investing?
Mamta Kumar MD: I didn’t because I didn’t have the money for the down payment. Honestly, at that time I was like, you know what?
There’s no way I have to. Our first rental came with the land package deal. This seller who had sold us a lot first before in six months, she reached out to us, but she was like, Oh, I’ll only sell you these four weekend lots if you buy this house, and this house is for 110k. I was like, I don’t care about the lot that these list are way more worth more than that.
Can we just buy the lots? She was like, Nope. We need to do the package deal. And this was a suburb of Austin at that time. So I was like, you know what? I love the land. So as that, okay, we’ll take it. And we took it and we still have that rental in it cash flows $400 per month. And the same renter who has been there.
He was a young guy. He’s pretty handy. If something happens, he takes care of it. So we had good experience with this, this rental house, and that’s when to save taxes, we started to buy more houses. But yeah, for me, nothing else came in my mind because I was like, I don’t have that kind of money, which is one of the other things which I hear from other physician or other investors as well.
Like I don’t have that kind of money to put a down payment and stuff like that. So I never looked at any others until I realized that, oh, I’m going to be paying taxes on this income, so I need to optimize this.
Dr. Mike Woo-Ming: I love it. So this is a great way for, even someone first starting out, maybe they don’t have a lot of their beginning of their physician journey.
This is a way that they can start out without having to put in, everything, into this. So you mentioned the importance of having a team. You mentioned that, you send out these letters, you’re not on the phone, which to be honest, when I told you before the course, Before the call, I looked into some land investing and said I don’t wanna talk to these people.
I’m an introverted guy. I don’t know who these folks are. But you have a team that answers yes and helps you make deals…
Mamta Kumar MD: on both sides, on the acquisition and the sales, both sides. They are, sometimes we’ll have to get on call, but most of the times they are the one who are on the front end.
They build a relationship. You can just convey “Hey, this is gonna work or This is not gonna work. Can you convey it? They’ll take care of that.” unless some issue comes.
Dr. Mike Woo-Ming: What else is involved do with your students? Do you also encourage them to build their own team or is it. Something that they could do on their own?
Mamta Kumar MD: I really think I, the way I look at any business is like we need to create a lifestyle. Like we need to have a vision of the life you want to live. I. And how it looks like. If somebody is “oh, I love talking to the people and I wanna do this”, then you know, we will just go ahead and do that.
But I always tell them that, have the end in the mind if you want to have more freedom. Like for me, time freedom was a key and that’s what I was looking for all the time, so that I can take care of myself, I can take care of my daughter. So for me, I didn’t wanna spend time and I wanted to use more of my brain power.
And I wanted to be more like a business owner rather than the operator. Even though when you’re starting, you have to do everything. So in our course, I’ve shared all the resources as well with them to just have this extra help and save the time. Because honestly, initially doing those cut work like little kind of things like doing your due diligence and stuff like that, I really think as physicians, if we are not working and we are spending our time doing that, I really think we are not valuing our time enough.
So we do need to value that and delegate it. So I do share the resources for some trained virtual assistants as well, who have done this before and, so that the task can be delegated
Dr. Mike Woo-Ming: That’s awesome. And we intimated at the beginning that you the land investing reduced your clinical hours is, are you still working as a physician or is this, has your income now? Supplem ented your real estate?
Mamta Kumar MD: Yeah. So this February I was still planning on going to PRN and I applied for some PRN positions. But when I realized that I was just not excited at all with the thought of leaving again at six o’clock and coming back at seven past seven for a hospitalist shift, even if it was gonna be few days a month, it was just like, I just couldn’t digest that.
So I decided to just quit because. My income is way replaced already from this, and I love, planning, growing the business. I realized that I like to help other physicians doing this as well. And I also did an exercise where I was just writing down what would I like my, perfect day to look like…
ideal day to look like. And I realized that I never wrote down that, Hey, I wake up at 5:30, I do this, go to the hospital at seven o’clock dot get my pager and it doesn’t beep. And didn’t have a code blue for whole day. And I saw five patients. Like I never wrote anything about that whatsoever.
It was just a regular human day with any other human being would have. And when I did that, I was like, you know what, then why am I… like, why am I pushing this medicine to me if I just don’t want it? And it seems like at this time, financially I don’t have to. So I just let it go. At one point, I might still go in integrative medicine route because I really think that changed the way I look at medicine and health, and it has helped me in my own health issues as well.
So I might still do that virtually at one point, but not in near future.
Dr. Mike Woo-Ming: Yeah. You could do it ’cause you want to, you don’t have to do it.
Yes, because I got not for the money part. It would be, yeah. But because of the time freedom, which is so important for me, I had to just let go of that dream. But that’s one of my other dreams.
Not necessarily to make money, but I feel passionate about. But I really think we have 24 hours in a day, cannot create more hours and I don’t want to work more at this point.
So you’ve been doing this for the last few years. Where do you see the future in land investing?
Mamta Kumar MD: I really think, at this point, in fact, for this whole year, our goal has been to keep running, doing this smaller clips with some smaller profit, which can add up for sure.
I love that. But going for the bigger deals. So we are trying to do the bigger deals where we can develop a piece of land. I. So first in the year we did one multiple six figure deal. The profits are multiple six figures that in the second quarter we got a land which we are developing as a RV park.
So for third quarter, in fact, we had just, we were just evaluating a property this morning and on Monday probably we’ll have the offer going out for that. So my goal is to do four bigger deals. For us and then educating other physicians and, increasing the awareness because I really realized that when I started to talk about it, there were, there was quite a bit of interest in the physician community and in the BE launch I had 50 physicians who already reviewing deals, putting the offers out and stuff like that.
So I really loved that. So probably just doing both.
Dr. Mike Woo-Ming: That’s awesome. Do they have syndications or is that something that you’re considering or, yeah. It sounds like you’re just doing this on your own.
Mamta Kumar MD: Yeah, so I have been doing this on my own, but I think at this point we are like the growth, which I want, I really think there will be some syndications.
We tried to do a syndication earlier in the year. I was able to raise the fund, but that deal didn’t go through. So that’s why we are just evaluating for the bigger deals where we can develop. And probably those would be syndications.
Okay. I love it. I love it. So if someone is interested in land investing, you’ve got some resources, I know you’ve got a course coming out, where can they go?
They can go to fast firend.com and they can go ahead and sign up for the wait list there. We also have the, the link for the Facebook group where there’s quite a bit of videos, which I’ve done, which explains how this land investing and flipping model works. So those would be the great resources to go to.
Dr. Mike Woo-Ming: Okay, great. And we’ll also have a link to the show notes. Mongo, this has been very fascinating. I know there’s a lot of people have a lot of interest in this. Any last minute thoughts before we end the call today?
Mamta Kumar MD: I really think if anybody who’s listening to this, we are always looking for the information, but I really think, it’s the action takers which who get the results rather than the information gatherers.
So if you’re listening to it, if this interests you, just pursue this. Because I remember I was not looking for anything, I was not even listening to any podcasts or anything. I was just so focused on the land investing once I knew that it worked. And it doesn’t have to be land investing. It needs to be whatever it is, but just be very, Focused, be focused on one thing gets you the results, and after you get the result in one thing, you can move to the other.
But if you try to do five things at one point, it’s just not gonna work. So just put in a focus and energy in one direction.
Dr. Mike Woo-Ming: Thank you again. Thank you for your time. Dr. Mamta Kumar land investing, go to her website to find out more. Fastfiremd.com is where you can go and when around a course, sign up for Facebook group and just get yourself educated.
And if this is the direction you wanna go, I highly encourage you to consider getting her a course. Thank you. Thanks as always, and a continued success and just congratulate you on your success and more success to come.
Mamta Kumar MD: Thank you so much. Thank you so much, Mike, for having me.
Dr. Mike Woo-Ming: And thanks everybody for listening. If you know you are struggling in a position right now, maybe you don’t really have your heart into it, there are different options off, I always recommend learning about different ways that you can bring multiple streams of income and keep moving forward.