278: Big Profits On Land Flipping Is A Short Period Of Time

There are many ways avenues to making money in Real Estate but few require as little capital and take as little time to start generating cash as land flipping. By creating a mailer that goes out to land owners within a certain zip code, you can do your first deal within a matter of weeks, and the margins are typically anywhere from 50% to as high as 300% on smaller size deals. It’s common, for example, to buy a piece of land for $5,000 and sell it for $20,000, or to buy a bigger deal for $150,000 and sell it for $225,000. Pete Reese, President of Reelvest properties, started land flipping two years ago and in his second year flipped over $3.5 million dollars in land. His goal for 2023 is $5 million.