This guy is touting buying worthless land then selling to unsuspecting investors who are less informed than you are.
I watched his presentation the first case study was a lot in Lucerne CA. I know that land better than any living human. I could recognize it by the tax number. He bought it for 289.00 there are 7000 of these lots that were platted in 1924. The deeds were given away at the movies in the depression. No streets and roads at the time. A man named George Triphon in 1965. bought about 5k of them at tax sale from Lake co. surveyed all the lots and put roads in to most of them. However never did put water power or sewer. He then sold them for 5 to 10k each mostly on contract. these owner eventually either let them go for tax's or someone inherited them. The tax collector will not even sell them for back tax.s because they have no value. And yearly tax's are like 5 to 10 bucks.
There are hundreds upon hundreds of these kind of shadow plats in the US. there are over 2 million lots in the deserts of CA that have never been built on same with AZ and NM. People just keep buying them and selling them. Just because you can deed them from one peron or entity to another does not make them buildable or have any value.
So yes you can buy all sorts of pennie land like pennie stock. And if you have no moral compass you can sell them to unsuspecting buyers and make some money on E bay. But thats what your doing your basically a profiter scammer when you engage in this model.
Now I am sure if you write enough letters in certain areas you can snag a good one. But rarely for 100 to $500... I mean lets get real here folks.
So in my mind Stacy Kellams who recommends this guy is just selling his info. This Jack bosch basically is selling something that can happen so he is probably legal. Just put yourself in the end buyers shoes.
Go to Google maps of Lucerne CA you will see the city by the lake all built out and if you scroll in you will see all these trails in the hills above the town with maybe 3 or 4 homes scatter over 7000 lots. Caveot Emptor.