Land Flipping Beginner

[Ian Radcliffe]

Hi All,

The more I learn about land flipping, the more I am intrigued. I have some general questions I am hoping to get answered to point me in the right direction. 

- Is it worth buying a course (seems like there are plenty out there) or should I just dive right in without one? 

- Should I use my own capital up front or try to partner with an established land flipping business to fund the deals? 

- Is it really possible to do this while working a 9-5, or is it something you need to go all in on and quit the 9-5 to pursue? 

- Is there another way to make this business model work without sending out direct mailers that could cost tens of thousands of dollars each year?

Any and all tips are much appreciated!

[Edgar U.]

- Is it worth buying a course (seems like there are plenty out there) or should I just dive right in without one?

Answer: Yes and No. If you already come with the experience (i.e) r/e background experience, don't need one. Most courses will be the same as others, picke a county/state, scrub the mailer, and send out the mailer. Your all in cost for a course will probably be 1k entry + monthly cost. Use that money for marketing instead.

- Should I use my own capital up front or try to partner with an established land flipping business to fund the deals?

Answer: Best to use a funder, for the 1st couple of deals to get experience and get a 2nd opinon on pricing. Keep in mind that some funders come at a premium and in the land space this means 50% in equity to them. After a couple of deals and you get the hang of it, def use your own capital.

- Is it really possible to do this while working a 9-5, or is it something you need to go all in on and quit the 9-5 to pursue?

Answer: Yes, I did this while working full time. I am an accountability group with most folks who run this gig part time. Just treat it as a side hustle until you are ready to give it a go full time, or if you like your ft gig, just keep doing this on the side!

- Is there another way to make this business model work without sending out direct mailers that could cost tens of thousands of dollars each year?

Answer: Yes, you could start with FB ads, Google Ads, Cold calling, or calling FSBO's from Zillow or buying lots from auction. None of these require that much capital!