How to Determine If a Property Is Really a Deal

October 24, 2023

Powered by RedCircle

When it comes to land flipping, one crucial factor is the ability to determine whether a potential property is worth pursuing or not. Having a clear set of criteria can make this decision-making process more efficient and less emotional.

In this episode, we discuss the essential steps for setting criteria and determining if a land deal is worth your time and resources.

Basically, what’s a deal and what’s not a deal.

Each land investor may have different criteria based on their experience and risk tolerance.

As you gain experience in the field, you can refine your criteria to suit your investment style and market conditions.

Tune in to this episode to learn more about our criteria for a “deal” and lot’s of other topics as well.

Key Takeaways:

  • Intro (00:00)
  • Investing vs. Gambling (02:45)
  • Figuring out what a good deal is (08:25)
  • There’s always another deal (16:09)
  • New social handles – Partner with Pete (19:40)
  • Establishing criteria for a deal (21:13)
  • How to determine the exit price (26:31)
  • Never base your projections on listed properties (32:46)
  • How to look at the history of comps (39:22)
  • You’ve got to buy it right (42:50)
  • Time to answer some questions (43:52)

Additional Resources:

Want to discover our FREE training program? Join us at:

Read our monthly income reports here.

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.

Turning Profit is a podcast for people who love real estate, brought to you by Pete and Heather Reese.

Follow us on your favorite platform so you never miss an episode!

Join Our Community

Join our free land flipping community

Latest Income Reports

Land Flipping Income Report – October 2023

Land Flipping Income Report – October 2023

October was our best month ever in many ways! It was also our second consecutive month topping $1 million in revenue. We finished the month with revenue of $1,490,252. For reference, that’s more revenue than I generated in 2021 (our first year in the business).

Read More
Land Flipping Income Report – September 2023

Land Flipping Income Report – September 2023

September was my first month ever over $1,000,000 in revenue!! This was one of those big benchmarks I’ve been shooting for a long time, and I finally did it. It feels good to hit this number, but the crazy thing is, it already doesn’t feel that impressive to me. Spoiler Alert: I should easily surpass $1,000,000 in revenue in October as well.

Read More
Income Report – August 2023

Income Report – August 2023

August was a good month by some standards in our business, but we also fell short in a couple of major categories. The revenue for August was $548,659. This is slightly above average for the year. I’m constantly pushing to generate as much revenue as possible. I was originally planning to get to $10 million in revenue in 2023, but unless we have a few blockbuster months to close out the year, I don’t know that it is going to happen.

Read More