Land flipping can be a good business due to its potential for high profits. Unlike house flipping, it requires less upfront investment since there are no renovations to deal with.
Transactions are typically faster as well, avoiding the hassle of tenants and repairs. However, it's not all roses. If the market takes a dip, selling your land for a profit could become difficult. You'll also incur holding costs like property taxes while you wait for a buyer. Finding the right piece of land with good resale value requires expertise and research.
But what does land flipping really look like from inside the business?
In this rerun episode, Heather and I share the unfiltered truth behind our first 200 deals. Get ready for the real numbers on average prices, profits, and how long land sits on the market.
We discuss how analyzing our past deals has led to significant shifts in our investment strategies, allowing us to focus on what truly works.
Listen in and transform your land flipping approach today!
Key Takeaways
Intro (00:00)
Inside our land flipping business (01:20)
Overview of the first 200 land flip deals (04:30)
Insights from sorting deals by profit (04:50)
Reinvesting profits and growth goals for our business (10:40)
Analysis of average purchase and resale prices (14:31)
Breakdown of top and bottom-performing deals (20:14)
Strategy shift towards more profitable deals (26:25)
Challenges with cheaper properties (33:55)
Final analysis of bottom 20% of deals (39:43)
Additional Resources:
✨ Get all of our recommended tools and services at https://resources.landconquest.com
✨ Follow Pete on Instagram here: https://www.instagram.com/partnerwithpete
✨ Connect with Pete on LinkedIn here: https://www.linkedin.com/in/partnerwithpete/
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Turning Profit is a podcast for people who love real estate, brought to you by Pete and Heather Reese.
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