Turning Profit

Are you tired of wasting time and money on land deals that don't pan out?In this episode, I welcome Daniel Apke, co-founder of Land Portal software and experienced land investor. Daniel shares his insights on how to build the perfect list for land investing using innovative software tools.These tools also provide custom filters that allow investors to build precise lists of desirable properties, saving time and reducing costs.Daniel also discusses the importance of partnerships, defined roles, and using other people's money to scale your land investing business.Tune in now to discover how you can revolutionize your property acquisition strategy and maximize your profits!Key TakeawaysIntroduction of guest Daniel Apke (00:00)Daniel's background in e-commerce and land investing (01:44)Minimizing bad leads with AI (05:58)Land Portal software for building targeted property lists (08:24)Focusing on properties with subdivision potential (13:07)Importance of partnerships and defined roles (21:18)The best land investing deals (27:25)The future outlook for the land investing industry (38:28)Overview of Land Portal features and pricing (41:33)Dealing with motivational ruts in business (44:22)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/—Turning Profit is a podcast for people who love real estate, brought to you by Pete and Heather Reese.Follow us on your favorite platform so you never miss an episode!

Have you ever been in land negotiations that felt like a dead end, with no prospects of closing the deal at a good price?I know I have. It’s frustrating when you want to close on a deal but can’t seem to find common ground with the seller, especially when you had sent an earlier offer but realized it was too high. Every land investor who wants to maximize their profits must master the art of negotiating lower land prices.In our latest episode, Heather and I reveal the powerful negotiation tactics we use to close land deals.You’ll learn how to effectively communicate with sellers, uncover hidden property flaws, and adjust your offers to ensure a fair deal for both parties.Heather and I will take you through step-by-step strategies for approaching sellers, including how to use strategic questioning to your advantage and a proven script for explaining offer revisions.We’ll also explain how we handle situations when our initial offer is too high and the tactics to bring sellers to the table.Tune in to listen now to improve your negotiation skills and increase your profits.Key TakeawaysIntro (00:00)Evaluation process (01:07)AI in property evaluations (03:22)Negotiation tactics (12:19)Follow-up strategies (19:35)Q&A from the community (22:18)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/—Turning Profit is a podcast for people who love real estate, brought to you by Pete and Heather Reese.Follow us on your favorite platform so you never miss an episode!

Discover the truth behind land flipping from inside the business with insights on 200 deals, average prices, profits, and market duration. Learn about profitable strategies, challenges with cheaper properties, and the shift towards more profitable deals. Explore the dynamics of pricing, buyer perspectives, educational tools, and maximizing profits. Dive into double closing risks, legal complexities, and advice on starting land flipping from abroad.

One of the questions we get asked a lot is how to determine the amount you should pay for a property.The right purchase price will enable you to minimize risk and maximize profits.Many investors struggle to find the perfect formula, often oscillating between paying too much or trying to get properties for pennies on the dollar. However, the key is to strike a balance and adhere to a consistent set of criteria.In this episode, Heather and I break down our tried-and-true formula of buying at 50% of the anticipated resale price and discuss how to adjust based on market conditions and property quality.We reveal the strict guidelines we apply in our business to ensure consistent profitability and how we keep emotions out of investment decisions.We also reveal the minimum profit threshold we aim for in all our transactions.Ready to take your land flipping game to the next level? Click play and learn from the best!Key TakeawaysIntroduction to the topic (00:00)Our simplified pricing formula (02:13)Importance of guidelines to avoid emotional decisions (03:07)Paying 50% of the anticipated resale price (04:11)Adjusting for market conditions and property quality (07:04)Emphasis on downside protection (09:03)Case study of a difficult property sale (14:30)$20,000 minimum projected profit rule (21:52)Details about the Land Conquest community and resources (27:18)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/—Turning Profit is a podcast for people who love real estate, brought to you by Pete and Heather Reese.Follow us on your favorite platform so you never miss an episode!

Exploring challenges of landlocked properties, including lack of legal access and historical divisions. Stories of buying these properties and strategies to profit from them. Discussion on fixing access issues and legal remedies. Community Q&A and resources for land investors.

Building a team for your land flipping/real estate business is one of the most important tasks you’ll ever do as a business owner.In this episode, Heather and I share the step-by-step guide on how we built our successful team and the lessons we have picked along the way. We share our own experiences and strategies for expanding our team, from hiring virtual assistants to acquisition managers and due diligence specialists.We started our business with me handling most of the tasks myself. As the business grew, we realized we needed help. We began by hiring a virtual assistant to handle administrative tasks such as spreadsheet management and email organization. This freed up my time to focus on higher-level tasks.The next addition to our team was a lead manager. This role involved managing leads as they came in, organizing them in our system, and doing basic research on the properties. The lead manager helped us focus on other tasks, such as negotiating deals and managing the business.Tune in to learn the exact steps to build a strong team that helps you grow your real estate investing business efficiently and effectively.Key TakeawaysIntro (00:00)Building a real estate investing team with defined roles (01:08)Hiring a lead manager and acquisition managers (06:27)Outsourcing a call center (08:24)Roles in a real estate investment company (10:13)Involving family members in business roles (17:08)Team expansion and utilizing tools for growth (23:33)Resources to optimize your team (24:35)Q&A from Land Conquest Community (25:56)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/—Turning Profit is a podcast for people who love real estate, brought to you by Pete and Heather Reese.Follow us on your favorite platform so you never miss an episode!

Discover how AI, robots, and blockchain are transforming land flipping by revolutionizing investment processes, enhancing property valuation, and reshaping the future of property development. Dive into the impact of AI chatbots in real estate businesses and explore the evolution of land flipping with advanced technologies. Learn about the use of technology in efficient real estate research and the potential societal implications of AI in various industries.

Heather, experienced in real estate and land investing, discusses designing a successful land investment business. Topics include picking a niche, building a team, adapting strategies, staying flexible, and aligning business with values. Key takeaways cover financial planning, team delegation, vision clarity, financing options, and evolving business plans.

Explore the highs and lows of land investing, from the potential for high profits to the challenges of finding motivated sellers. Discover the benefits of scalability and flexibility in this investment strategy, along with the importance of navigating financial challenges. Gain insights on maximizing investments in land versus houses and the significance of due diligence in successful land flipping. Dive into the landscape of land investing, from market downturn implications to the value of creative problem-solving.

Not all land is worth owning. In fact, it’s possible to own land that has a negative impact on you, your net worth, and your sanity.I am joined by Maddie to expose 7 types of land that you should NEVER buy, no matter how cheap it is. Maddie steps in for Heather to share her expertise on evaluating properties and common land-buying mistakes.When I first started, I thought I would buy any piece of land that came along as long as I could get it for the right price.Then, I started seeing some examples of land that shattered my original idea. I started running into pieces of land that were not worth it to buy at ANY price.That’s because these pieces of land were more of a liability than an asset. These lands can leave you holding an expensive, unproductive white elephant.Maddie and I break down the types of land you should never buy, including environmentally contaminated sites, inaccessible parcels, and properties in harsh climates. We go into the details of why these lands can become liabilities rather than assets and provide practical advice on the complexities of land investments. By familiarizing yourself with these land red flags, you can significantly increase your chances of finding an investment property that delivers the returns you seek. Tune in! Key TakeawaysIntro (00:00)Seven types of land to avoid (02:26)The high percentage of unsuitable properties from pay-per-click leads (04:19)Challenges with landlocked properties (14:44)High property taxes and HOA fees (18:47)Land with open legal disputes or title problems (20:06)Commercial properties in small towns (28:07)Q&A segment from the Land Conquest Community (32:20)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/—Turning Profit is a podcast for people who love real estate, brought to you by Pete and Heather Reese.Follow us on your favorite platform so you never miss an episode!