Flipping land can be great in many ways. Overall, the profit margins have been great.
But, there are some deals that I wish I wouldn’t have done.
In today’s episode of the Turning Profit podcast, we talk about the deals that weren’t so great and highlight our worst deals we’ve ever done.
Our goal in sharing this is to highlight what we learned so you don’t repeat these same mistakes.
Always keep in mind these words from Warren Buffet:
“The first rule of an investment is don’t lose (money). And the second rule of an investment is don’t forget the first rule. And that’s all the rules there are.”
Key Takeaways:
- Intro (00:00)
- Our first bad deal (04:48)
- A motel in Wisconsin (08:57)
- 2 bad deals in North Carolina (13:40)
- Our 5th worst deal (22:36)
- Real estate investing mistakes (32:54)
- Time to answer some questions (37:15)
Additional Resources:
Join our FREE land investing community here: https://landconquest.com
Want to see what’s possible with Land Flipping? Get a detailed breakdown of our first 50 Land Flipping Deals here.
Follow Heather on Instagram here.
Follow Pete on Instagram here.
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Turning Profit is a podcast for people who love real estate, brought to you by Pete and Heather Reese.
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