Land flipping is an unusual real estate investment. Unlike all the rest, there are no utilities, renovations, or tenants to take care of. It’s really as simple as buying a piece of land with high demand and finding a seller who either wants to build or sit on it. But can it be that easy? If land flipping is low cost, low risk, and high reward, why aren’t more investors buying raw land? What are everyday real estate investors like us missing that land flippers like Paul Hersko and Willie Goldberg understand?
Paul and Willie, like many investors, didn’t start out in real estate. Willie worked in investment banking while Paul was busy running an ecommerce business. Both were feeling unfulfilled by their work and wanted to build something bigger and better on their own. After a casual skydiving session, Paul and Willie realized they'd be perfect partners together, deciding that buying, selling, and financing raw land was what interested them most.
Now they’re making massive multiples on literal dirt, selling plots online to investors and retail buyers who want to own real estate without the big banks, down payments, and high interest rates. Paul and Willie have built an entire business around these types of deals, and even though land is low-cost, you'd be surprised by how much they make off of a simple land sale. This could be the best low-risk real estate investing out there!
00:00 Intro
01:38 Quick Tip
02:45 Becoming Partners
14:06 Why Raw Land?
20:21 How to Flip Land
27:39 Scaling the System
30:15 Risks of Buying Land
37:56 KPIs Worth Tracking
45:12 Secrets to Success
47:59 Deal Deep Dive
59:42 Famous Four
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Join BiggerPockets for FREE Some BiggerPockets
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Find an Investor-Friendly Agent in Your
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Ask David Your Raw Land Question for the Next Seeing Greene
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Dirt Cheap Land Flipping and Reaching Motivated
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How To Buy Land & Questions To Ask Before Making Your First
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Investing in Vacant Land
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Work with Discount
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Connect with Paul and Willie:
Paul:
Willie:
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Connect with David on BiggerPockets:
David: David and BiggerPockets on Instagram:
@davidgreene24 or
@biggerpockets or
Episode 704
Show notes at: #realestatepodcast #biggerpockets704
Recommended Reading >> bit.ly/32kRpzw
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