Land Maverick Podcast Justin Piche of Scout Land Group
Dec 8, 2023
50:20
In this episode of the Land Maverick Podcast, we had the pleasure of welcoming Justin Piche, a remarkably low-profile yet high-performing individual in the land investing space. Justin, who is on track to net over seven figures this year, shared his incredible journey from managing nuclear submarines to mastering the art of land subdivision deals. His story is not just about financial success but also about finding a balance between a demanding career and family life, making a significant shift towards land investing.
Episode Highlights:
- Career Transition: Justin discussed his transition from the Navy, where he was a nuclear submarine officer, to the civilian world, eventually working at ExxonMobil.
- Family Life and Career Decisions: He highlighted the importance of family in his decision-making, especially with the birth of his daughter and the challenges of balancing work and family life.
- Real Estate Ventures: Justin shared his initial foray into real estate, starting with wholesaling and single-family homes before transitioning to land investing.
- Successful Land Flipping Strategy: He detailed his approach to flipping land, starting with direct mail campaigns in North Carolina, focusing on flipping rather than contract assignments.
- Rapid Growth and Challenges: Justin’s rapid growth in just two years is noteworthy. He also shared the challenges he faced during growth phases, like managing capital and adapting strategies during tough times.
- Focus on Subdivides: He emphasized his continued focus on minor land splits and subdivides, seeing them as valuable tools for growth and development.
- Detailed Subdivide Deal Analysis: Justin provided an in-depth look at a specific large-scale subdivide project in northeast Alabama, including the negotiation process and the complexities involved in subdividing land.
- Working with County Regulations: Insights were shared about navigating county subdivision regulations and working closely with county engineers to ensure compliance and success in land subdivides.