Ever wondered why some real estate deals flop while others flip to massive profits? Let's unravel the mystery in this week’s episode!
Heather and I open the door to the world of land flipping, share the inside scoop on our first 200 deals, and what the raw, real numbers really mean.
We go into the nitty-gritty details, offering insights into average purchase prices, revenue per deal, and average days in inventory.
You will discover what truly drives profit in land flipping, learn to identify deals that promise success and steer clear of the pitfalls that snag most beginners.
Don't miss out on these invaluable insights as we give a detailed analysis and reflection on our first 200 land flip deals.
Tune in and transform your land flipping game now!
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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