I've carved out a niche for myself by purchasing large properties and severing them into building lots which I either flip to builders or build on myself. It's super useful when you can keep the existing house, get financing on it and then work to sever off excess land.
Back in 2000 you guys offered me $3,000 for two of my lots in Okaloosa county Florida. I did not accept that offer, but I thank you because that motivated me to list them for sale on Facebook marketplace. I end up selling them in one week for $10,000. Not much, but 7,000 more than what I would have gotten. Philip
In 2021 I stumbled into flipping land as well. Previously did house flips but the land flips were so much easier. Way less cash needed and no fixing. Ended up flipping about 30 vacant lots in the past 18 months mostly to spec builders. But with the market shift it came to a complete stop. Time to shift 🙂
I was look at lots that have already been divided up for building in Florida lots that used to cost 5-10 grand not selling for 30-50 grand. Do you think those prices will come down?
The land biz has totally dried up for me as well. Its also way more saturated. I was doing it for over 5 years but I'm done. I'm focusing on commercial properties now
10/10 ... This podcast is very informative .. good questions and very well explained .. I listen to Jack Bosh show and it was just fluff .. this one has lots of information for someone who is interested in land flipping .. so thank you from UK 👍
If you have at least a 680 credit score you can set up and LLC today then get business funding in less than 30 days. Won't even report to personal credit report
Have you ever had a problem where people call their credit card and say they did not approve the payments being taken out and the credit card company take the money back?
I have a different concept of biggerpockets shows.. they show how exactly they do it. Other videos of land flipping takes us from is imposible or never thought about that road to If they can do it that simple explained way I think I can try it too.
How can I get involved with a well-established land-flipping team? What are the typical costs of joining? Jack Bosch is selling his program for $7500 to $8000...pricey!
a church that is registered as a non-profit will issue an annual statement to its members for their charitable contributions. Claiming rent payments as a charitable contribution is sketchy. a church recording your rent payment as a charitable contribution is even more sketchy.
@@bradleys2320 I feel the same way. However the church of scientology does just that, so it wouldn't surprise me of baptists do it too. This church owns like every house around here
@@lynnnewlin4395 personally no. The church does. So in essence my $$$ is going straight into a 503b non-profit. The same as if my checks are going into say "Toys for Tots" or "Meals on Wheels".
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
I've carved out a niche for myself by purchasing large properties and severing them into building lots which I either flip to builders or build on myself. It's super useful when you can keep the existing house, get financing on it and then work to sever off excess land.
A large lot with a house on it that has enough land to build 2 plus homes on it that's smart thanks for that tip ! 👍
Do you have to get an engineer to prepare parcel maps or tracts maps?
@@aemaldonado78 A surveyor should be able to take care of that. May also need a lawyer well versed in land and real property matters.
Glad to see Bigger pockets picking up on land flipping! I've been preaching this for years. Love the content!!
Back in 2000 you guys offered me $3,000 for two of my lots in Okaloosa county Florida. I did not accept that offer, but I thank you because that motivated me to list them for sale on Facebook marketplace. I end up selling them in one week for $10,000. Not much, but 7,000 more than what I would have gotten. Philip
In 2000? These guys weren’t doing this 23 years ago
@@2010drive facts
2023 IS THE YEAR IM GETTING INTO REAL ESTATE!!! Thank You Bigger Pockets 🙌🏾
In 2021 I stumbled into flipping land as well. Previously did house flips but the land flips were so much easier. Way less cash needed and no fixing. Ended up flipping about 30 vacant lots in the past 18 months mostly to spec builders. But with the market shift it came to a complete stop. Time to shift 🙂
No deals lately??
I was look at lots that have already been divided up for building in Florida lots that used to cost 5-10 grand not selling for 30-50 grand. Do you think those prices will come down?
@@TheWhoIsThat hard to say in your area. In my area the small spec builders buying random lots has dried up to none right now.
The land biz has totally dried up for me as well. Its also way more saturated. I was doing it for over 5 years but I'm done. I'm focusing on commercial properties now
10/10 ... This podcast is very informative .. good questions and very well explained .. I listen to Jack Bosh show and it was just fluff .. this one has lots of information for someone who is interested in land flipping .. so thank you from UK 👍
53:48 could you mitigate loss due to inflation by tacking on a reasonable inflation charge to future payments?
How does one figure out what land is for sale and find the buyer?
Just got my first deal done. I took the Apke Bros cousre. It does work!
I really enjoyed listening to this! Thank you
1st on here taking notes and this is what I am all about!!!
Can you pay off earlier an become full owner of the lot?
I'm getting a "Glengarry Glen Ross" vibe. I wonder if Shelly Levene thinks the leads are weak.
Put. The Coffee. Down! Coffee ☕️ is for CLOSERS!!
This is a really good idea. I’ve found several lots of land that I could do this with. I just have to save up the money first.
If you have at least a 680 credit score you can set up and LLC today then get business funding in less than 30 days. Won't even report to personal credit report
Great stuff! Thanks guys!
Have you ever had a problem where people call their credit card and say they did not approve the payments being taken out and the credit card company take the money back?
I'd imagine that in the contract, if this were to happen, the land would go back to the owner, or at the very worst, it gets a lien on it
@@rhynojoshif they making payments it never leaves the owners hands . No lien is needed they don’t own it yet. Basically rent to own.
That’s a good name brand , discount lots.
I have a different concept of biggerpockets shows.. they show how exactly they do it. Other videos of land flipping takes us from is imposible or never thought about that road to If they can do it that simple explained way I think I can try it too.
I'm on discount lots looking for property to build tiny home and off grid sanctuary. But I'd love to learn how to earn while I do it
24:11 Passive Income
26:22 Real Estate Development
Awesome
Hey I’m from Broward county too
These seems like a great move
Learning …thanks
I've lived in both areas laudy and boca
How can I get involved with a well-established land-flipping team? What are the typical costs of joining? Jack Bosch is selling his program for $7500 to $8000...pricey!
That’s probably where he’s making the real money.
Land Academy. Jack has been flipping land since the 90s
If I pay rent to a CHURCH, and on every $1500 check each month it says Pay To: (church's name) , .... Can I write this off or deduct on my Taxes?
a church that is registered as a non-profit will issue an annual statement to its members for their charitable contributions. Claiming rent payments as a charitable contribution is sketchy. a church recording your rent payment as a charitable contribution is even more sketchy.
@@bradleys2320 I feel the same way. However the church of scientology does just that, so it wouldn't surprise me of baptists do it too. This church owns like every house around here
Do you run a nonprofit?
@@lynnnewlin4395 personally no. The church does. So in essence my $$$ is going straight into a 503b non-profit. The same as if my checks are going into say "Toys for Tots" or "Meals on Wheels".
😂 Hell no. Your rent payments aren't a donation. It's rent.
Who pays the taxes each year..?
This seems like a business you would not want to be in if we are entering a recession with high interest rates
Businesses with large capital nevef feel recessions, and land appreciates
Yeah I met Paul at Starbucks I feel in vero . Or his twin
🥜 gallery comments should cease
Great coincidence this shows up after ive been looking into parcels