We have been seeking someone to discuss land flipping with us. Land is a bit of an "outsider" asset class. Why? Because it is not typical cash flowing real estate. Finding investors to partner with or borrow from can be challenging. But that does not mean the asset class cannot be lucrative. Pete has been investing in the East Coast for over a decade and is now dipping his toe in the Florida market. Find out how he does it!
Key Discussion Points
[01:14] Introduction by Eric & Steven
[07:02] About our guest: Pete Reese
[12:40] How did you get to where you are today with land flipping?
[15:35] Tell us about your Raleigh, NC connection
[16:31] What types of property to you focus on? And what's the sweet spot?
[17:56] When you reach out to people via letters, what do you say in those letters?
[18:48] What is the response rate for the letters you send out?
[21:29] Do you take possession of the property when you decide to flip it?
[22:53] How do you get other folks to invest with you?
[24:48] How are you using data to find the properties you want?
[27:25] How do you determine what areas to send out mail to potential investors?
[28:57] Walk us through a typical deal
[32:31[ Do you have a profile of who your tyicall seller is?
[34:10] How can people connect with you?
[37:05] What advice would you give to newbies getting into land flipping with regard to finding money partners
[38:01] Closing comments by Eric & Steven
Website: TurningProfit.com
Popular Podcasts
CrimeLess: Hillbilly Heist
It’s 1996 in rural North Carolina, and an oddball crew makes history when they pull off America’s third largest cash heist. But it’s all downhill from there. Join host Johnny Knoxville as he unspools a wild and woolly tale about a group of regular ‘ol folks who risked it all for a chance at a better life. CrimeLess: Hillbilly Heist answers the question: what would you do with 17.3 million dollars? The answer includes diamond rings, mansions, velvet Elvis paintings, plus a run for the border, murder-for-hire-plots, and FBI busts.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.