Episode 58

Land Flipping In Real Estate ($100K+ Months) (Peter Reese and Jerome Lewis)

In this podcast episode, we'll be exploring the benefits and potential pitfalls of land flipping as a real estate investment strategy. We'll discuss who could benefit from this type of investing, as well as some essential tips to help you navigate the process to maximize your return on investment.

You'll learn which areas are showing the most potential for high returns, where you can find buyers, and which paperwork might need to be filed in order to make sure there are no surprises along the way. Join us for this informative episode and become an expert in land-flipping real estate investments.Land Flipping in Real Estate with Peter Reese ($500K per Month)

In this episode of the Remarketing Podcast, Jerome Lewis interviews Peter Reese, President of Realvest Properties, a land development and investment company. Peter shares his journey from buying his first home to becoming a successful real estate investor focusing on land flipping. He discusses his strategies, experiences, and insights into the land flipping business, highlighting the potential for high profits and short-term holds.

Conclusion

Peter Reese emphasizes the viability and profitability of land flipping as a real estate investment strategy. By buying properties at the right price, adding value, and selling them quickly, investors can achieve significant returns. Peter’s success story showcases the importance of continuous learning, adaptability, and leveraging data-driven approaches to make informed investment decisions.

Key points

🎯 Peter's Background: Transitioned from various real estate roles to focus on land flipping, leveraging nearly two decades of experience.

πŸ“ˆ Journey into Real Estate: Started in 2000 by buying his first home and gradually moved into flipping homes and then land.

πŸ“Š Initial Real Estate Experience: Bought a home in Southern California for $195,000 with an FHA loan, eventually making a $50,000 profit.

πŸ› οΈ Market Adaptation: Shifted focus to REO properties and short sales during the late 2000s real estate market crash.

πŸ“š Transition to Land Flipping: Discovered land flipping through online resources and found it appealing due to the lower logistics and faster turnaround times.

πŸš€ Current Business Model: Runs a successful land flipping business with an average hold time of 60 days, aiming for $4 million in revenue for 2022 with a 50% profit margin.

πŸ’¬ Educational Initiatives: Launching a podcast called "Turning Profit" to share monthly income reports, deal insights, and educational content on land flipping.

πŸ” Real vs. TV Reality: Discusses the differences between real-world real estate investing and HGTV portrayals, emphasizing the importance of understanding financing and logistics.

🧠 Broker's License: Shares the disconnect between theoretical broker training and practical real estate experience, highlighting the importance of on-the-job learning.

🀝 Dealing with REOs: Talks about the challenges and ethical considerations of working with REO properties and helping occupants navigate foreclosure situations.

Summary

  1. Introduction: Jerome introduces Peter Reese, focusing on his extensive real estate background and current success in land flipping.
  2. Journey into Real Estate: Peter shares his early experiences in real estate, starting with buying his first home and moving into flipping homes.
  3. Market Adaptation: Discusses his shift to REO properties and short sales during the market crash, adapting to changing market conditions.
  4. Transition to Land Flipping: Describes discovering land flipping and its appeal due to lower logistics and faster turnaround times.
  5. Current Business Model: Explains his successful land flipping business model, aiming for $4 million in revenue with a 50% profit margin.
  6. Educational Initiatives: Talks about his new podcast "Turning Profit," which aims to educate others about land flipping.
  7. Real vs. TV Reality: Discusses the differences between real-world real estate investing and HGTV portrayals.
  8. Broker's License: Shares his experience with the broker's license training and the importance of practical experience.
  9. Dealing with REOs: Talks about the challenges of working with REO properties and the ethical considerations involved.
  10. Advice for New Investors: Provides advice for those starting in land flipping, emphasizing the importance of learning, consistency, and direct mail for lead generation.

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Jerome "Mr. Implementation" Lewis

About the Podcast

Show artwork for Real Estate Marketing Implementation Podcast (The REmarketing Podcast)
Real Estate Marketing Implementation Podcast (The REmarketing Podcast)
Real Estate and Marketing Implementation Perspectives For Real Estate Entrepreneurs, Real Estate Coaches, and Real Estate Investors by Jerome Lewis

About your host

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Jerome Lewis

Jerome Lewis is the author of the book REmarketing - Insider’s Secrets of Successful Advertising, Lead Generation, & Marketing Implementation For Real Estate Entrepreneurs.
He is also the founder and CMO of Digital Real Estate Strategy, a tech, and marketing agency that helps busy but serious real estate entrepreneurs implement, structure, and systematize their tech, lead generation, marketing, and business systems. Jerome has helped over 5000 real estate entrepreneurs from more than 40 states and 4 countries. Jerome has shared stages with some of the real estate industry’s best national experts including names ranging from Vena Jones-Cox, Krista Mashore, Marc Halpern, and many more.
Jerome is a bold introvert, father, and former IT professional. In 2021, Jerome won eXp University’s Instructor of The Year Award. He is also the host of the Real Estate Marketing & Social Media Mastermind, where he teaches real estate investors and agents tech and marketing implementation.