Episode 5: From Flips to Fortune - How Subdividing Land Can Add 7-Figures to Your Real Estate Business
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Oct 30, 2024
Discover the profitable world of land subdivision and how it can transform your real estate business into a seven-figure empire. Learn about effective lead management and the significance of quick conversions. The hosts share personal tales of success, navigating local regulations, and key criteria for identifying subdivide opportunities. Avoid deal killers like topography challenges and understand the financing strategies available. Gain insights on enhancing land parcels for quicker sales and explore the complexities of a real-world case study.
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volunteer_activism ADVICE
Training Your Team
Train your acquisition team to spot subdivide opportunities.
Teach them to look for road frontage, good topography, and similar smaller parcels nearby.
insights INSIGHT
Time in the Trenches
Spending time training your team is crucial for success in land investing.
Define the outputs of each position and provide regular feedback.
volunteer_activism ADVICE
Leveraging Deals
Use leverage like bank loans or private lenders to fund larger deals.
Negotiate favorable terms such as interest-only or deferred payments.
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🎙️ Welcome back to The Ground Game Podcast! 🎙️
In Episode 5, hosts Clay Hepler and Justin Piche explore the lucrative world of subdividing land and how it can add seven figures to your real estate business. They discuss the ins and outs of the subdividing process, from identifying opportunities to navigating local regulations, and share valuable insights on how to maximize profits.
In this episode, Clay and Justin cover:
The Importance of Lead Flow: Understand the challenges of managing lead flow in your business, from having too few leads to being overwhelmed with unqualified ones.
Subdividing Basics: Learn what subdividing entails and why it can be a game-changer for your real estate strategy. Clay and Justin discuss the different levels of subdividing and the focus on minor subdivisions.
Identifying Subdivide Opportunities: Discover how to recognize potential subdivide deals in your existing pipeline and the criteria to look for, such as road frontage and local regulations.
Deal Killers: Gain insights into the critical factors that can derail a subdivide deal, including topography, water availability, and local market conditions. Clay and Justin share their experiences with common pitfalls and how to avoid them.
Navigating Local Regulations: Understand the importance of researching local subdivision regulations and how to engage with local authorities to ensure compliance.
Financing Your Deals: Explore various financing options for subdividing projects, including working with local banks and private lenders, and how to negotiate favorable terms.
Deal Review: Justin shares a real-world example of a subdivide deal currently in progress, highlighting the steps taken and the challenges faced.
This episode is packed with actionable advice and real-world examples that can help you elevate your land investing business. Whether you're just starting out or looking to refine your existing processes, this conversation is a must-listen!
Hosts:
Clay Hepler: A seasoned real estate entrepreneur driven to build an eight-figure land flipping and development business. Justin Piche: A former US Navy submarine officer turned real estate entrepreneur, passionate about building high-performing teams.
Listen now on Apple Podcasts, Spotify, and wherever you get your podcasts!
The Ground Game Podcast