Turning Profit

Like many economic activities, the ethics of land flipping can be a matter of debate. This is especially true when the buyer makes a huge profit margin.In a recent land flipping case posted in our community, an investor purchased two side-by-side lots, totaling one acre, for $1,000 and subsequently sold them for $55,000. The return on investment was indeed impressive, reaching over 5,000%.This exceptional profit margin sparked both excitement and controversy.This is the basis of our episode this week. We try to navigate the tricky question of the ethics behind land flipping, how much profit is too much, and where to draw the line.But it's evident in our book that when you have a seller and a buyer that negotiate and come to an agreement for a deal, there's no ethical or unethical profit number.One of the core tenets of ethical land flipping is the importance of transparency and fair negotiation.However, there are some instances where you should outrightly walk away from a deal that may be considered unethical.Join us in this episode as we explore the ethical dimensions of land flipping and tips on what constitutes a fair and responsible transaction.Key TakeawaysEthics of land flipping (02:02)The mindset of land sellers (09:15)When to walk away from a deal (21:12)Who land flipping offers work for (26:05)Who it doesn't work for (33:37)Where to draw the line (34:49)Land Conquest community (39:50)Partner with Pete Program (41:22)Mentorship program coming soon (46:05)Let’s answer some questions (47:01)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!

For many real estate agents, the profession is not just about facilitating transactions; it's a stepping stone toward their dream of becoming real estate investors.They enter the industry with a passion for property and a desire for financial freedom.  Yet, the path from agent to investor can seem daunting.What many agents don't know is that the same skills acquired during their time as agents can be invaluable in real estate investing.Some of these skills include:- Contracts Expertise: Real estate agents are well-versed in handling contracts, which is a fundamental skill for any investor.- Masterful Negotiation: Negotiation is the lifeblood of real estate transactions, and agents excel in this area. Their knack for striking beneficial deals can prove invaluable when negotiating purchases and sales in the investment arena.- People Skills: Real estate is fundamentally a people business. These interpersonal skills are pivotal for fostering positive relationships and managing expectations—an essential trait for successful investors.- Problem-Solving Prowess: Real estate transactions often present challenges, and agents have honed their problem-solving abilities to navigate these hurdles effectively. In the world of investing, where unexpected issues arise, this skill is a game-changer.In this episode, we'll explore how real estate agents can leverage their acquired skills to confidently transition into real estate investing, with a focus on land flipping as a viable and profitable option.Key TakeawaysIntro (00:00)Why real estate agents can easily transition to investors (01:51)Our journey through investing (04:35)Real estate agent work vs. real state investing (16:51)The big skills real estate agents acquire (24:26)How to leverage these skills in investing (29:49)How agents typically start investing (30:49)Land flipping as a robust alternative strategy (34:18)Partner with Pete (35:39)Ready for some question (49:21)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 break down the main differences between land flipping and multifamily apartment investing.Both of these real estate models have their own pros and cons, and we’ll be going through each one of them.This is the first episode in our new comparison series, and we hope you’ll stay with us for the rest of the series (we promise, you won’t regret it).And as always, we’ll also be answering some of the best questions we’ve received this week from our land flipping community.Ready to learn more?Let’s dive in.Key Takeaways:Introduction (00:00)Understanding rental properties (14:16)Let’s talk about land flipping (29:19)Comparing the two (40:30)Ready for some questions? (45:02)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 our complete guide to setting up your land flipping business.We discuss everything, from how to get your logo designed to the best way to get a website made to setting up your legal entity for as little as $50.We’ll also be talking about our brand new Land Conquest Business System, so you really don’t want to miss this episode!Ready to learn more?Let’s dive in.Key Takeaways:Introduction (00:00)Pick a name! (09:59)Figure out your branding (14:18)Build your website (17:20)Get a phone number and a professional email address (21:07)How about a physical address? (25:15)Create an entity (28:57)Optional: A phone answering system (34:55)The Land Conquest Business System (37:10)Q&A time! (40:49)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 discuss how you can research properties and find the right ones for your land flipping business.Not all properties are made equal, and while some can be flipped quickly and for great profit, others, not so much.This is why today we decided to share with you our complete guide on how we research the properties we invest in.We’ll also be answering questions from our land flipping community (and if you haven’t joined yet, what are you waiting for?!) so make sure to listen till the end!Ready to learn more?Let’s dive in.Key Takeaways:Introduction (00:00)On-site inspection (15:51)Broker opinion (25:40)Title report (36:06)Due diligence report (42:06)Let’s answer some questions! (48:12)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!

Explore the process and advantages of land flipping in this episode. Discover how to find deals, convert leads, and navigate the closing process. Learn about funding your purchase and reselling the property. The hosts also answer community questions and provide additional resources for aspiring land flippers.

In this week’s episode of the Turning Profit podcast, Heather and I will be discussing one of our most successful deals ever.Why is this deal so special?Simply because this property made us a 320% return on investment in 44 days.Yes, you’ve read that right. We owned that land for less than 2 months, and more than tripled our money when we sold it.And because you guys seem to really enjoy these types of episodes, we thought why not share with you our step-by-step process for this deal?Plus, as always, we’ll be answering some of the best questions from our land flipping community, so make sure to listen till the last minute.We hope you’re ready!Tune in now.Key Takeaways:Introduction (00:00)What are we talking about today? (11:55)How it all started (15:22)How we flipped this property (24:06)Let’s answer some questions (34:33)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 will be discussing our craziest (or at least most peculiar) deal yet: A lake.Yes, believe it or not, we bought a lake, and then we flipped it!Want to join us on this adventure and learn more about why we made this decision?If so, tune in now.Well then, what are you waiting for?Let’s dive in!P.S: As always, we’ll also be answering the best questions from our land flipping community this week (and if you haven’t joined yet, then what are you waiting for?!), so make sure to listen till the very last minute!Key Takeaways:Introduction (00:00)Let’s talk about Land Conquest (08:31)Time to discuss the lake (15:36)Flipping our lake (28:32)Would we do this deal again? (31:10)Let’s answer some questions (35:06)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 podcast, the hosts discuss the importance of avoiding certain types of properties when flipping land. They emphasize the need to focus on quality properties that have potential for appreciation. They also provide tips on evaluating properties and share examples of problematic land types to avoid, such as properties with major onsite issues, wetlands, flood zones, and odd-shaped spaces. Additionally, they highlight the significance of reviewing HOA documents and having a system in place for successful land flipping.

In this week’s episode of the Turning Profit podcast, Heather and I will be discussing what it takes to become a successful land flipper.This episode is going to be full of advice that’s applicable to people in many different stages of their land flipping business. So, even if you’re just gotten started, this is for you!And as always, we’ll also be answering a bunch of fun questions from our land flipping community (and if you haven’t joined yet, what are you waiting for?) so make sure to listen till the end!Are you ready? Let’s dive in!Key Takeaways:Introduction (00:00)What is success? (17:27)The characteristics of a successful land flipper (24:35)The skills you need to be a successful land flipper (34:03)What does it take to do this at a very high level? (42:27)Let’s answer some questions! (47:40)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!