Tired of House Flipping... What About Land Flipping?

[Kyle Tokasey]

We all know how popular the house flipping industry has become. The problem is that many of us simply don't have the time or money to invest into making this dream a reality. Not only that, but we don't want to deal with the headache of doing so. The solution I have found that is a great innovative strategy is to flip land rather than houses. The beauty of this is that land has very few variables involved. The concept is simple. Imagine if I contacted a thousand people asking if they would sell their used car for cash. You would certainly get at least a few responses from people just wanting to get rid of the thing. Now imagine if you took those cars and actually advertised them to a buying market. The value would increase guaranteed. This same concept is applied to land, and the best part about it is that it can all be done online across the whole country without ever having to step foot on the property. This really is an untapped market that I expect more real estate investors to venture into due to the saturated house flipping market.

Interested to hear what you guys think about it, or if any of you have any experience with this innovative strategy.

Thanks,

Kyle 

[David Fritch]

I found land flipping after doing a flip house about 18 months ago. Someone local suggested that I listen to BP podcast episode 39 with Seth Williams. I was hooked and connected with Seth right away and have been flipping land ever since. 

It's a niche that I'm pretty committed to. The underlying 2 strengths of the business; 

1) you can get some stupid good deals, things you'd pretty much never find in housing

2)  land is generally really poorly marketed so you can find buyers if you actually develop the skills/tools and put in the effort.

My strategy is straight flip and I'm focused on local; think arbitrage rather than developing. It's really hard to avoid the temptation to develop though. It has been a good side gig and I'm working to make it full time. 

It's a different animal than houses for sure. Seth's site is REtipster.com and he offers a course now (highly suggested). There's another guy who teaches about land flipping, his brand is The Land Geek, that sounds like what you're talking about with the virtual flipping. Jack Bosch has some older stuff on it but theses guys have built on his foundation so I wouldn't waste your time. Check those out if you want learn more. Message me with any questions.