E126 Quick Deal, Zero Travel, $7,375 Profit in a Few Weeks

Become an REI Hot Seat Insider: ⁠https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-formIn E126 of the REI Hot Seat, Andrew Hines shares a solo update from Florida, focusing on a recent small land flip his team completed in Inverness, Florida. He emphasizes the value of “singles”—smaller, low-effort deals that can still yield solid profits. In this case, they purchased a half-acre lot for $12,687, cleared a portion of it to help buyers visualize its potential, and sold it for $27,500, netting a gross profit of $7,375 after fees. Andrew draws a parallel between staging houses and land, noting how simple improvements like clearing brush can significantly boost buyer interest. He explains their strategy of buying land at 40–50 cents on the dollar and being content with selling at 80% of market value due to the built-in margin. These quick flips often involve minimal work—no tenants, utilities, or complex repairs—and are sometimes listed even before closing using double-close techniques. Andrew highlights how land deals are scalable, efficient, and increasingly profitable, especially when managed with systems and delegated tasks like paperwork. He closes with a reminder to join their insider list for access to off-market deals and previews upcoming changes, including remote episodes and a new studio setup.Andrew's linktree : https://linktr.ee/theandrewhinesREI Hot Seat Instagram: https://www.instagram.com/reihotseat/E126 Quick Deal, Zero Travel, $7,375 Profit in a Few Weeks00:48 – Small Deals with Big Impact02:20 – Lot Clearing Strategy That Drives Offers04:01 – Deal Breakdown05:59 – How We Sell Land Fast—Even Before Owning It07:32 – Scaling the Business by Delegating DetailsDisclaimer: 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.