Here's a little insider tip:  🪙referrals are pure gold for growing your real estate empire.

Hi Julia, Starting out in land flipping can indeed seem daunting, especially when you're facing high costs for educational resources and feeling the pressure to make smart investments without a solid foundation of knowledge.

I run my entire "empire" using Excel/Sheets for tracking expenses, Apartments.com for online payments, MysmartMove for credit/background checks, DocuSign for electronic signing, and Zillow & turbotenant for posting up listings.

I’ve heard from some lenders that I need more equity, others said there was a “cooling period” required after purchase to be able to use additional gained equity in land (from rezoning), and others needed prior experience.

Since the the housing market has appreciated so rapidly over the last few years, the wholesale business margins have gotten very thin and will continue to get thinner within the next year or two.If you want to start wholesaling properties with a lot of meat on the bone (profits), I would suggest looking East and Inland towards some of the areas where the affordable housing has shifted to such as Inland Empire, High Desert, Coachella Valley and any other markets that always tend to ride on the coattails of the Metro markets such as Los Angeles. 

Outside of massive storms and/or a direct hit, if you are inland they don't often cause catastrophic damage.

Hope this helps...keep building that empire!

For example, if an appraiser has two equally valid comps that are $5K apart, why wouldn't you want to do whatever you could to encourage him to select the higher one.Like Vikram, I only have empirical data, but here's my experience -- for the first 5 properties I rehabbed, I never met the appraisers and appraisals were hit or miss.

You can obviously put a tiny house on any property but the rule for new development is 20-25% of the final sale cost in land.

Namely with the increases in land value and housing.