Turning Profit

In this week’s episode of the Turning Profit podcast, Heather and I are talking about something every real estate agent should know: Land flipping.I know, I know, we’re aaaaaalways talking about land flipping. But that’s for a reason!And the reason is that land flipping is a pretty lucrative real estate business model. And it’s a business model that can turn into the ultimate side hustle, especially for real estate agents. Why is that?This is exactly what we’ll be discussing today!Are you ready?Let’s dive in.Key Takeaways:Introduction (00:00)What are we talking about today? (02:22)Land flipping basics (07:58)Why we always use a real estate agent (14:17)Why real estate agents have an advantage (22:30)30 days are enough to learn! (28:01)Our upcoming training program (29:36)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/—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!

In this week’s episode of the Turning Profit podcast, Heather and I are going to be discussing how you can fund your land flipping deals without using any of your own money.Sounds too good to be true?Well, we’re here to tell you it isn’t!Just because you don’t have tens of thousands of dollars ready for your next land flipping venture doesn’t mean you can’t start a land flipping business.Because, believe it or so, there are ways to build a successful land flipping business with no money out of pocket (and we truly mean no money).Curious to know how this works?Tune in now to learn more!Key Takeaways:Introduction (00:00)Let’s talk about… money! (00:55)How to fund your land deals with none of your money (06:35)Why we never hold out for top dollar (17:00)How to get connected with deal funders (24:37)Who shouldn’t look for a funding partner? (30:04)Let’s answer some questions! (34:34)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/—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!

In this week’s episode of the Turning Profit podcast, Heather and I are continuing on with last week’s episode and answering all of your most burning land flipping questions.Today, we will be tackling a bunch of interesting questions, from how to make your lead process more efficient to whether or not you need to set up an LLC for your land flipping business to when you should clear a land and more.If you’ve been wanting to know the answers to questions like these, then this episode is a hundred percent for you!Well then, what are you waiting for?Tune in now!Key Takeaways:Introduction (00:00)Answering a question about capital gains tax (03:53)How to work with a smaller budget (08:27)What about an LLC? (11:36)Here’s how we get leads (13:08)Should you perform a perc test? (16:30)About our monthly reports (20:16)Answering Matt’s question (23:24)About purchasing properties on terms (26:47)One-page letters vs. two-page letters (29:31)What about deal funding? (31:50)Using IRA to purchase land: Yay or nay? (33:18)Do you need a more advanced entity structure? (36:46)The best counties for land flipping? (38:57)Do you have to clear land before selling? (39:28)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/—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!

In this week’s episode of the Turning Profit podcast, Heather and I are doing a … DRUMROLL… Q&A!Yes guys, many of you have been messaging us and commenting and tweeting at us with all kinds of questions about land flipping.And so we thought why not answer aaaaall of our community’s questions together in one episode.Listen in as Heather and I go through all of your questions, from how to learn our step-by-step process to where to find investor-friendly realtors and more.Are you ready?Let’s dive in!Key Takeaways:Introduction (00:00)Answering your first question (05:35)A question from Steven (11:47)All about direct mail (15:45)Let’s talk about direct mail volume (20:10)The waiting game (24:11)How to find investor-friendly realtors (28:01)Where to learn our process (37:15)The last two questions (39:48)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/—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!

In this week’s episode of the Turning Profit podcast, Heather and I share with you how you can build the best real estate investing business from scratch in 2023.You see, building a real estate business isn’t easy, no matter how simple we make it look. It took us a lot of work and time to get where we are today. And we decided to share our knowledge with you guys, because even though we went into real estate investing nearly blind, you don’t have to.So, if you’d like to learn everything you need to know to build a super successful real estate investing business in 2023, then congrats, you’re in the right place!Are you ready?Let’s dive in!Key Takeaways:Introduction (00:00)What we’re talking about today (00:52)The best real estate business model in 2023 (03:55)How our daughters made money from land flipping (11:41)How to build your land flipping business in 2023 (16:11)What to do if you want to set up an entity (27:57)Time to build your list! (39:57)Why you should always get title insurance! (47:54)How to be a real real estate professional (59:25)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/—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!

In this week’s episode of the Turning Profit podcast, Heather and I sit down with the one and only Sam Primm.Sam is a father, husband, entrepreneur, mentor, and real estate investor. He is also the founder of Faster Freedom, the nation’s premier real estate investing education company.Before discovering real estate, Sam thought he would have a normal life. Work a nine to five job, retire at 65, never build his own thing… But, that all changed when Sam decided to invest in real estate!Today, he has built his own wealth, created financial freedom for him and his family, and he is now teaching his knowledge to others all around the country.In this episode, Sam is here to discuss how to build your wealth… without using your own money!Impossible?Not for Sam!Tune in now for more.Key Takeaways:Introduction (00:00)Are you willing to go into debt? (02:59)What happened when Sam quit his job (08:47)Sam’s first deal ever (15:01)Why the right partnership can make or break your business (21:56)The education products Faster Freedom offers (26:35)The value of great social media marketing (30:45)Let’s talk about hate comments (39:45)Sam shares his future plans with us (42:58)The last few questions (46:58)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/—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!

In this week’s episode of the Turning Profit podcast, Pete and I discuss how you can flip land, become financially independent, and retire early (or FIRE, as the cool kids call it).You see, most people who invest in real estate do it because it gives them the opportunity to become financially independent.You don’t have to rely on a job anymore, and you can make all your money from investments alone.However, it takes work to reach that level. And the best way to do so (at least for Pete and me) is through land flipping.We started land flipping because we wanted to become financially independent, and if you’ve been checking out our monthly income reports, then you know we’ve been making some strides. Our goal?To retire early, because life is too short for us to spend it just working!How do we do that? And how can you do the same?Find out in today’s episode of the Turning Profit Podcast!Key Takeaways:Introduction (00:00)What is FIRE? (01:10)Why we invest in real estate (09:15)What’s interesting about the business model (16:15)Where we put our long-term hold money (25:36)Land flipping after hitting your FIRE number (31:25)We’re building a community! (41:56)One last question (56:24)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/—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!

In this week’s episode of the Turning Profit podcast, Pete and I discuss the state of the real estate market in 2023.You see, these last two years have been, to say the least, hectic.The pandemic has been shaping (and changing) everyone’s lives for the last few years, and it has affected everything, from the way we shop to how we work to… you guessed it, the real estate market.And many are now predicting a real estate market crash.Is there any truth to those predictions?This is exactly what we discuss in today’s episode of the Turning Profit podcast!Want to learn more?Tune in now.Key Takeaways:Introduction (00:00)Let’s hop into the time machine! (03:39)Our first real estate cycle (13:45)The ripple effects of COVID (21:19)Are you hoping for a market crash? (33:31)The royals of BPOs (36:22)So, is the market crashing? (44:24)How to protect yourself (48:12)How a softer market can affect land (55:40)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/—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!

In this week’s episode of the Turning Profit podcast, we’ll be sitting down with very very special guests.They are… DRUMROLL PLEASE… our children, Maddie and Ashley!As we’ve discussed in our origin story episode (and if you haven’t listened to that, well then, what are you waiting for?) we want to teach our children how they can make their own money through real estate.It’s not enough for us to create generational wealth and leave it to our kids and their kids, we want our children to be able to rely on themselves, learn the ropes of real estate investing, and make something worthwhile on their own.And that is exactly what they did.We're very proud to say that they’ve turned $8,000 into $80,000 in one year through land flipping.How did they do it? And what lessons have they learned from that?These are a few of the questions they’ll be answering in this week’s episode of the Turning Profit podcast.Are you ready?Let’s dive in!Key Takeaways:Introduction (00:00)Meet our special guests (00:43)How it all started (02:36)The girls’ first property (08:37)The second deal (15:33)The one deal they declined (20:18)The sky's the limit (26:32)Property n°4 (29:02)Ten times the money in six deals! (38:49)The forecast for 2023 (39:58)The last few questions (44:05)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/—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!

Join Pete and Heather as they share their journey in land flipping, discussing strategies, challenges, and successes. Learn about buying and selling rural land, preparing properties for sale, dealing with landlocked properties, and investing in profitable lake properties. Explore the advantages of land flipping, wealth building opportunities, and diversified approaches in real estate.