Flipping land to get started?

[Jason Rowlett]

I am considering buying some parcels of land near a lake which are approx. 0.3-0.4 acres apiece priced at $4,000.00 apiece ($149.00/mo). However, the land is not cleared. Clearing the land is something I am willing to do myself and then sell to a homebuilder for a profit. Nearby "cleared" parcels are  selling for $15k-20k per parcel without water and septic. I am still looking into city codes regarding building to see if anything might deter a buyer. My plan would be to buy one parcel, clear the land, flip it to a homebuilder and then repeat.

• Might this be a wise way to build up cash reserves as I am getting started?
• Is "flipping land" common among successful RE investors?
• What variables would a successful investor consider in this opportunity?

Thanks!