Land Conquest

Land Conquest Land Conquest is the official land flipping training program and community with Pete Reese.

Get ready to change how you think about land investing! Here are 9 shocking truths that may change your approach. 💡1️⃣ N...
09/10/2024

Get ready to change how you think about land investing! Here are 9 shocking truths that may change your approach. 💡

1️⃣ Not every deal closes.

2️⃣ It's not all about the profit percentage.

3️⃣ Consistency is the most underrated aspect of the business.

4️⃣ You can’t do it all yourself.

5️⃣ You won’t want to buy every property that comes in even if the price is right.

6️⃣ Cheap properties with problems bog you down and don’t make you much money.

7️⃣ Some of your marketing efforts will produce ZERO results.

8️⃣ Getting a deal under contract is just a piece of the puzzle.

9️⃣ The biggest difference between professional and amateur investors is Due Diligence.

Learn from my experiences to guide you in making smarter decisions in land investing! 🚀

👉 What’s your biggest takeaway? Let me know in the comments! 👇

03/03/2024

This was a somewhat unique land-flipping deal that didn’t happen the way I thought it would. Let me explain.

These were 2 separate lots of 2.68 acres each that were right next to each other. Both lots were owned by the same person.

We initially offered $20,000 for these 2 lots combined, and the seller decided to think about it. Nearly 6 months later, she came back and said she wanted to accept the deal. At this point, the market had softened a little bit, so we let her know that the best we could do was $15,000. She initially rejected this, but she decided to move forward at $15,000 after a few weeks. 🤝

The plan was to sell each of these lots individually. We put them on the market for $24,900 each.

The activity was not very brisk on these lots. There was nothing wrong with them, but there was not a lot of market activity in this area. 🤷‍♂️

Eventually, a buyer stepped forward for one of the lots. After some negotiation, we agreed to a price of $22,000.

After we were under contract for a couple of weeks, that same buyer wanted to know if we would sell the other lot for an additional $16,000. I thought about it and decided to go for it since it took so long to find the first buyer. 👍

Here are how the numbers worked out on this deal:

We bought both properties for a total of $15,984, including closing costs.

We accepted offers of $22,000 for the first lot, and $16,000 for the 2nd lot add-on from the same buyer.

After commissions and closing costs, we made a gross profit on both deals of $17,514. 💰

This was a 109.57% Return on Investment. The only downside was that we held the property for 144 days.

Still, when I really think about it, we were able to more than double our money in less than 6 months on this land flip! I’ll take that deal every time! 🎯

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