The Greatness Machine is on a Quest to Maximize the Human Experience! Join Award Winning CEO and Author, Darius Mirshahzadeh (pron. Mer-shaw-za-day), as he interviews some of the greatest minds in the world―turning their wisdom and experience into learnings and advice you can use in your life so that you can level up and create greatness. Join Darius as he goes deep with guests like: Moby, Seth Godin, Gabby Reece, Amanda Knox, UFC Ring Announcer Bruce Buffer, Former FBI Negotiator Chris Voss ...
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Content provided by Pete and Heather Reese and Heather Reese. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Pete and Heather Reese and Heather Reese or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
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What 200 Land Flips Taught Us About Land Flipping [REPLAY]
Manage episode 430318988 series 3468363
Content provided by Pete and Heather Reese and Heather Reese. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Pete and Heather Reese and Heather Reese or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
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:
✨Join our free land investing community here: https://landconquest.com
✨ Want us to Fund your Land Flipping Deal? Submit your deals at https://partnerwithpete.com
✨ Join our Land Conquest membership program: https://go.landconquest.com/premium
✨ Get all of our recommended tools and services at https://resources.landconquest.com
✨ Follow Pete on Instagram here: https://www.instagram.com/partnerwithpete
✨ Follow Heather on Instagram here: https://www.instagram.com/itsalovelylife
--
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!
97 episodes
Share
Manage episode 430318988 series 3468363
Content provided by Pete and Heather Reese and Heather Reese. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Pete and Heather Reese and Heather Reese or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
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:
✨Join our free land investing community here: https://landconquest.com
✨ Want us to Fund your Land Flipping Deal? Submit your deals at https://partnerwithpete.com
✨ Join our Land Conquest membership program: https://go.landconquest.com/premium
✨ Get all of our recommended tools and services at https://resources.landconquest.com
✨ Follow Pete on Instagram here: https://www.instagram.com/partnerwithpete
✨ Follow Heather on Instagram here: https://www.instagram.com/itsalovelylife
--
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!
97 episodes
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Similar to Turning Profit
The Greatness Machine is on a Quest to Maximize the Human Experience! Join Award Winning CEO and Author, Darius Mirshahzadeh (pron. Mer-shaw-za-day), as he interviews some of the greatest minds in the world―turning their wisdom and experience into learnings and advice you can use in your life so that you can level up and create greatness. Join Darius as he goes deep with guests like: Moby, Seth Godin, Gabby Reece, Amanda Knox, UFC Ring Announcer Bruce Buffer, Former FBI Negotiator Chris Voss ...
…
continue reading
Custom Manufacturing Industry podcast is an entrepreneurship and motivational podcast on all platforms, hosted by Aaron Clippinger. Being CEO of multiple companies including the signage industry and the software industry, Aaron has over 20 years of consulting and business management. His software has grown internationally and with over a billion dollars annually going through the software. Using his Accounting degree, Aaron will be talking about his organizational ways to get things done. Hi ...
…
continue reading
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…
continue reading
Named 2023 Best Personal Finance podcast by Bankrate.com, The Stacking Benjamins Show has a light and friendly tone. Hosts Joe Saul-Sehy and OG aim to make financial literacy fun for all as they sit around the card table in Joe's Mom's half-finished basement and talk with experts about personal finance, saving, investing, and important money trends. As Fast Company once wrote, the Stacking Benjamins podcast "strikes a great balance of fun and functional." So join Joe and OG every Monday, Wed ...
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…
continue reading
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Save more and spend less is more than just a motto for money expert Clark Howard; it’s a way of life. Clark and his crew — Team Clark — are on a mission to empower people to take control of their personal finances by providing money-saving tips, consumer advice, hot deals and economic news to help everyone achieve financial freedom. Clark is a nationally syndicated radio talk show host and a consumer reporter for television stations around the country. His podcast, The Clark Howard Show, rec ...
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