Reelvest, Land Conquest, Turning Profit, Pete Reese

[Alex Iverson]

Hey Everyone,

I had a good conversation with Pete Reese last week about him and his land flipping deals. We are considering becoming a private lender with them and I am doing some background research on him and his companies and wondering if anyone has done any deals with them. If you aren't comfortable posting your experience, please PM me. 

In general, I have found everyone seems to recommend the Land Conquest free lessons and the Turning Profit podcasts. Both are great resources and educational. They seem honest and genuine, and have seen tremendous growth the last few years. Most of my network hasn't heard of them or done any deals with them, so I'm reaching into the ether to find out more than what Google can offer. 

Just trying to get as much information as possible since this will be a huge leap for us into this type of investment. 

[Melanie P.]

I had a look at Pete's website. He admits he's only been doing this since sometime in 2021. 

There are no updates on his "income" page since December 2023. That month he claimed to make a gross profit of $292,590. Gross profit is interesting because it appears to just be the difference in his acquisition and sales price and fails to take into account the other obvious cost of running that business which includes, again according to him, the cost of over 26,000 letter print, mail, post, and the cost of the lists needed to create a mailer of that size. 

Perhaps I'm an old out of touch birdie, but if I made $292,000 a MONTH doing land contracts, I would focus all of my time and energy on that and adding to it. I would not have time for podcasts, software, calls with people wanting to learn. Before I wasted time on any of that I would do nothing. Starting each day $10,000 richer I would certainly not have time to recruit and teach students. He would also not need any private money lenders to close these transactions -- his bank would be dying to give him a commercial line of credit. 

This reeks of total nonsense. Keep in mind his financial numbers are only material when offering an investment. He can sell you a worthless education and there is no consequence.