Ep. 259 Land Flipping with Pete Reese

Invest Florida - A Real Estate Podcast

We have been seeking someone to discuss land flipping with us. Land is a bit of an "outsider" asset class. Why? Because it is not typical cash flowing real estate. Finding investors to partner with or borrow from can be challenging. But that does not mean the asset class cannot be lucrative. Pete has been investing in the East Coast for over a decade and is now dipping his toe in the Florida market. Find out how he does it!

Key Discussion Points[01:14] Introduction by Eric & Steven [07:02] About our guest: Pete Reese [12:40] How did you get to where you are today with land flipping? [15:35] Tell us about your Raleigh, NC connection [16:31] What types of property to you focus on? And what's the sweet spot? [17:56] When you reach out to people via letters, what do you say in those letters? [18:48] What is the response rate for the letters you send out? [21:29] Do you take possession of the property when you decide to flip it? [22:53] How do you get other folks to invest with you? [24:48] How are you using data to find the properties you want? [27:25] How do you determine what areas to send out mail to potential investors? [28:57] Walk us through a typical deal [32:31[ Do you have a profile of who your tyicall seller is? [34:10] How can people connect with you? [37:05] What advice would you give to newbies getting into land flipping with regard to finding money partners [38:01] Closing comments by Eric & Steven

About Our Guest Today we have with us Pete Reese. Pete is the president of Real West Properties, a land development and investment company. ?With nearly two decades of real estate experience as a broker and investor, Pete has successfully purchased and sold hundreds of pieces of real estate for profit over the years for himself and behalf of his clients. He is on track to earn $4 million of revenue in 2022 with his land flipping and development business. Pete is always looking for his next deal, including his long time dream of owning his private island. Besides his professional accomplishments, Pete is also the father to three beautiful girls. He keeps up with his family by working out and enjoying a vegan diet. And he is a 31st great grandson of King Henry the II. GUEST CONTACT INFOWebsite: TurningProfit.com