If you're venturing into the world of land flipping or have been doing it for a while, it's essential to be aware of the types of land to avoid at all costs.
While there are various strategies to make money through land flipping, focusing on quality properties is crucial. The first step is recognizing the difference between calculated risks and outright gambles.
If a property aligns with your objectives and exhibits potential for appreciation, it might justify taking a risk. On the other hand, speculation and gambling come into play when dealing with properties that lack a discernible price point or solid data for valuation.
While some investors specialize in dealing with specific types of challenging properties, it's generally advisable to avoid land types that pose significant obstacles to development, usability, and reselling.
Staying focused on quality properties that can be listed at competitive prices and sold quickly is the key to a thriving land flipping venture.
In this episode, Heather and I take you through our philosophy on land flipping and the criteria for a good land deal.
Tune in for some tips on the land types you should avoid at all costs to ensure a successful land flipping venture.
Key Takeaways
Introduction (00:00)
Don't force a land deal (11:20)
Criteria for a good deal (16:12)
How to correctly evaluate properties (20:36)
Our philosophy on the land we flip (26:16)
Problematic examples of properties to avoid (29:09)
Let's answer some questions (45:45)
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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