Seriously?! Wow! Are you still an active land flipper these days? That sounds like a great case study we could talk more about!

Well damn

wow Amazing how do you find friends?

Hey man. I don't want to sound creepy, is it possible for me to contact or interview your friend since I want to find his broker/lawyer and learn. I live in Canada and I am a finance professional. I can share all my info. I know he is a busy man - so that is okay, but maybe I can benefit in some way as well. Hoping for the best. Thanks.

@@kevzj0 He had 25 years of experience. Get to work Edit: It's too bad you write angry comments without leaving them up. I read it clearly. As I said, get to work. There's NO reason to put others down because they have done the work. $150k after 25 years experience is not a lot of money.

@@lavidawithjoey Yes but majority of people don't have 125,000 just laying around? Almost half of Americans can't afford an emergency over $500.

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Thanks for watching! I would agree, houses usually do sell faster... but it really depends on the property (both in houses and land). If you've got a great one in a great location (which is sometimes easier said than done), it's going to sell quick.

Where would u go to find great deals

@@AM-bo7wo Learning how to source deals is a good place to get started.

Jason Wollbrink hahaha that’s funny! I’m glad you liked it my friend!

Are you talking about apartment complexes or rental units?

Thanks for watching, James! Best of luck to you!

Thank you for this

Thanks for watching!

Did you figure out how to sell your land? I can help

You should join our community, Kay - you'll find lots of friends with land! retipster.com/forum/

It all starts with understanding what the property is worth in the market where you're buying it (which definitely *isn't* an exact science). It involves a basic understanding of how to value land, which is explained in this blog post: retipster.com/valueofland

Not sure if I fully understand your question... can you rephrase that? Are you talking about using documentation and legal language that's bulletproof (protecting the land flipper from liability) or making offers (buying properties) that are bulletproof in terms of ensuring a good profit margin?

A seller could include a provision in their loan instrument that requires the borrower to obtain the lender's approval before they starting altering the land in any way. The seller could also feasibly use a land contract in most states, so the borrower doesn't hold the deed until after the loan is paid off (so the property isn't technically theirs to improve until it's paid off). *Disclaimer:* I'm not an attorney and this isn't legal advice.

@@Retipster Wow thanks. So what happens if the seller finance seller DOES give the buyer approval to build a house on it, the buyer builds a house, then the buyer stops making the land payments?

Hey Joe! This blog post explains a bit about how to select a good market: retipster.com/market-research/

@@Retipster thank you! It is perfect that you are doing that in Fla, so am I, so you would know what I am asking. In Fla, the cost of building has gone up a lot and people are getting $35k or more per acre. I could invest that,,but would rather buy 7 or more lots for $35000 or 5k ave or less like your examples. Are you finding those in Fla where you are able to offer $500, $1k, $5k, etc? Some of those lots can be free and the cost to build still would exceed new homes, so the exit is also a concern.

Hi Johary, there's a long answer to that question... but if you're looking for a basic (and free) road map to getting started, check out this blog post: retipster.com/land-flipping-lifecycle

@@Retipster Thanks. I found the masterclass and im going to take it.

Get Alta surveys done and Geotechnical surveys done and you'll have a good idea of what you can sell or buy that land at and to mention the money that can be made above the surface of that land.... trust me do your research there are alot of factors about that land that make the price fluctuate above just the area and surrounding land expansion in that area.....do research on developed land and undeveloped "raw land" then figure out zoning laws and and what makes a property increase in value . The surveys will tell you what your dealing with

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Cool! Best of luck to you, Jose. Thanks for watching!

None. You have to search forever and ever and hope you get lucky. And then hope the land is something someone would want. Plenty of cheap land out there that nobody wants to live on.

Way to go Tim!

Tim Krause man that’s awesome! Congrats!

How did it end up going?

@@mr16325 those first two I didn't make a whole lot off of but I learned a lot. Since then I fold my other business and I have bought and sold a total of 34 properties.

​@@Tim_KrauseAnd how is your flipping business going now? It's a total of 4 years later.

Yeah, mostly the unnecessary annual costs and restrictions. HOAs will scare away a lot of would-be land investors for these reasons.

Not sure I understand the question. Can you clarify or rephrase that?

@@Retipster actually i have an entirely different question instead, would a buyer be interested in land if there was a building on the property? like should i proceed with acquiring this lot and try to sell it or should i just forget about this lot

Here's one place: retipster.com/delinquent-tax-list Here's another place: retipster.com/findingmotivatedsellers1 - there are other types of lists too, but these are two of the big sources that work well for people.

No, you do NOT have to be a realtor to flip land.

It can be if you don't price it right or have a property that isn't usable for many purposes. This is why it's important to make a very low offer on the front-end when you buy it and to be sure it's usable for something that buyers actually want in the market where you're working.

@@Retipster Thanks I’m interested in a residential vacant lot that was tore down & it’s in between 2 nice homes in a small town so idk if local developers would be interested in purchasing it

It sounds like you needed a realtor who specializes in vacant land (I've had similar experiences with house realtors, they really have no idea what they're doing with land). Here are some ideas on how you can find one: retipster.com/landagents/

If you are buying and selling land in your name, then no, you don't.

I hate to tell you, you're the end buyer he'd have sold the property to. If you're lucky you might be able to offload them at a profit with the housing boom right now. Otherwise you're going to have to get creative.

@@JBChristian2 iv decided to keep it and develop slowly when i go over to visit my family :D xx

Because most real estate investors are focused on houses, multi-family buildings, and other types of 'improved' properties. Since vacant land is just dirt, many people overlook the opportunity under the assumption that it can't produce cash flow and can't be flipped for a profit (which is an understandable, but seriously misguided assumption). In any event, it only helps to sweeten the pot for land investors, because it's much easier to find deals with far fewer people looking for the opportunities.

The comment about being protected from recessions depends on a lot of variables. What you're saying can be right, but it depends entirely on the property's uses, location and how much the land flipper is able to buy it for in the first place. I actually got started in 2009, just as the recession was beginning. I was able to buy and sell A LOT of land at some great profits during this time. The people who bought from me rarely built anything on them (construction wasn't their motivation for buying). A booming construction market definitely helps, but not every land buyer intends to build immediately (or ever) on their land. Sometimes they just want to own a vacant lot. I think the key is, wherever market values are, it's important to buy at a fraction of _that_ market value. If there's always a giant profit margin baked into the deal, it's not going to be that hard to find buyers... you just need the ability to lower the asking price far enough to find those buyers (and in times of recession, you might have to lower the price a lot, so the profit margin becomes even more important). If you're buying infill lots that can only be used for building a house not camping, hunting, recreation, or otherwise), then yeah, I think your comments are pretty much on-point, but there are A LOT of rural land properties that people want to own _even if they have no plans to build anything there_ (and in these cases, having a construction loan is a moot point). To your point, if people buy at today's market values and then the whole market suddenly falls off a cliff (like it did in 2008), then I would agree, it'd be pretty easy for a person to lose a lot of their would-be profit. That's why it's important to stay on top of what the _current_ market values are, not what the values were 12 months ago.

It is much simpler than most REI strategies, but it's _not_ easy. There are plenty of challenges to overcome and problems to solve, but with far fewer variables at work in each deal.

Have you tried this before? So I suggest you shut up lol