Land Flipping Success

[Adam Harrison]

I have many land flipping successes I can share but this is just one of them.

I ran into a motivated seller who had ten 5 acre properties in Colorado. These lots had several years of back taxes on them and the seller, an elderly couple just wanted out. With some of the properties, the Treasurer's Deed process had already started and if the taxes were not caught up, the properties would be lost and the sellers didn't have the money to do this. So they were definitely motivated. 

I ended up buying all of these properties for less than $10k and I assumed the back taxes. Two of these properties. Just two of them, I sold on payments for $700 down and $250 / month, $10,000 total. As part of this deal, the buyer assumed ALL back taxes for this property. As to the other 8 properties. I sold them for quick cash at anywhere between twice and three times what I paid for them. The buyers all assumed the back taxes so these were not an expense for me.

Will that deal put me into retirement and allow me to live my life on the beach? No. But I consider it a major victory. What could YOU do with an extra $25k in cash and equity and $250/month in cash flow?