E080 How to Buy Land in Florida for Half the Value

Become an REI Hot Seat Insider: https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form In today's REI Hot Seat E080, I'm diving into a land deal in Florida that has unique potential despite some challenges. We're under contract for a 20-acre parcel which, despite having high-voltage power lines and limited access issues, offers considerable upside due to its size and versatility—you can hunt, ATV, or dirt bike on it. The complexities of this deal stem from it being near a floodplain and wetlands, and having only ATV trails for access. We've negotiated hard, dropping our initial per-acre cost from $13,000 down to $5,000, aiming for a flip that could net us around $100,000 in profit. It's an intricate deal but showcases the lucrative opportunities in land investments here in the U.S. compared to the Canadian market. Even though the path forward is not fully clear and relies heavily on local realtor insights, the strategy remains robust: buy significantly under market value, and navigate the legal and environmental complexities to turn a substantial profit. This is a classic example of how understanding local conditions and having boots on the ground can transform a potentially problematic property into a profitable project. Build Your Portfolio Of Hassle-Free U.S. Real Estate (SHARE Partnership): http://bit.ly/sharesfr Gain access to investor-focused deals by contacting Jacob Campagnaro with this link: https://tr.ee/_B4pmnY97s Andrew's linktree : https://linktr.ee/theandrewhines REI Hot Seat Instagram: https://www.instagram.com/reihotseat/ E080 How to Buy Land in Florida for Half the Value 0:32 - Welcome Back to REI Hot Seat 0:35 - Introduction by Andrew Hines 0:49 - Overview of the Florida Land Deal 1:49 - Detailed Discussion on Property and Deal Breakers 2:52 - Analyzing Land Features and Challenges 4:58 - Financial Strategy and Negotiation Details 7:27 - Final Thoughts and Next Steps Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision. --- Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively. His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.