168: Is Flipping Land Easier Than Flipping Houses?

from The DealMachine Real Estate Investing Podcast · host Ryan Haywood, David Lecko

Michael turned $100 into $1000 with his first land flip, and after 30 years in the house flipping business, only flips land now to keep his profit high and his life simple. Learn the basics of flipping land and how it compares to flipping (wholesaling) houses. Key Talking Points of the Episode 00:00 Introduction00:44 How did Michael find his first land wholesale deal?02:05 How did Michael find the seller of the property?03:04 Why did Michael switch to doing land from appraising and flipping houses?04:26 What was Michael’s second land deal like?05:19 What kind of land deals is Michael doing today?07:26 Why is it important to prioritize your buyers before your deals?08:49 How does Michael find buyers for his land deals?10:49 What is it like to work with Habitat for Humanity on land deals?11:54 What marketing channels does Michael use to market to land sellers?12:38 What are the benefits of building niche lists to market to?13:15 How is Michael’s business structured today?14:04 How does the Unlimited Information feature on Deal Machine help wholesalers?15:39 Where can you join Michael to learn more about land flipping?17:07 What is Michael’s advice for investors who are looking for their first deal? Links Website: Deal Machine Unveiledhttps://www.dealmachine.com/unveiled Facebook Group: Land Flipping 4 Real Estate Professionalshttps://www.facebook.com/groups/landflipping4realestateprofessionals David's Social: @dleckohttps://www.dealmachine.com/pod Ryan's Social: @heritage_home_investmentshttps://www.heritagehomeinvestments.com/

What this episode covers

Michael turned $100 into $1000 with his first land flip, and after 30 years in the house flipping business, only flips land now to keep his profit high and his life simple. Learn the basics of flipping land and how it compares to flipping (wholesaling) houses. Key Talking Points of the Episode 00:00 Introduction 00:44 How did Michael find his first land wholesale deal? 02:05 How did Michael find the seller of the property? 03:04 Why did Michael switch to doing land from appraising and flipping houses? 04:26 What was Michael’s second land deal like? 05:19 What kind of land deals is Michael doing today? 07:26 Why is it important to prioritize your buyers before your deals? 08:49 How does Michael find buyers for his land deals? 10:49 What is it like to work with Habitat for Humanity on land deals? 11:54 What marketing channels does Michael use to market to land sellers? 12:38 What are the benefits of building niche lists to market to? 13:15 How is Michael’s business structured today? 14:04 How does the Unlimited Information feature on Deal Machine help wholesalers? 15:39 Where can you join Michael to learn more about land flipping? 17:07 What is Michael’s advice for investors who are looking for their first deal? Links Website: Deal Machine Unveiled https://www.dealmachine.com/unveiled Facebook Group: Land Flipping 4 Real Estate Professionals https://www.facebook.com/groups/landflipping4realestateprofessionals David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/