How to Flip Land and FIRE Faster

February 07, 2023

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In this week’s episode of the Turning Profit podcast, Heather and I discuss how you can flip land, become financially independent, and retire early (or FIRE, as the cool kids call it).

You see, most people who invest in real estate do it because it gives them the opportunity to become financially independent.

You don’t have to rely on a job anymore, and you can make all your money from investments alone.

However, it takes work to reach that level. And the best way to do so (at least for Pete and me) is through land flipping.

We started land flipping because we wanted to become financially independent, and if you’ve been checking out our monthly income reports, then you know we’ve been making some strides.

Our goal?

We’ve got our own plan to FIRE.

How do we do that? And how can you do the same?

Find out in today’s episode of the Turning Profit Podcast!

 

Key Takeaways:

  • Introduction (00:00)
  • What is FIRE? (01:10)
  • Why we invest in real estate (09:15)
  • What’s interesting about the business model (16:15)
  • Where we put our long-term hold money (25:36)
  • Land flipping after hitting your FIRE number (31:25)
  • We’re building a community! (41:56)
  • One last question (56:24)

 

Additional Resources:

Read our monthly income reports at: https://turningprofit.com

Want to see what’s possible with Land Flipping? Get a detailed breakdown of our first 50 Land Flipping Deals here.

Want to connect directly with me and like-minded land flippers? Join our free Land Flipping community 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.


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Latest Income Reports

Income Report – February 2023

Income Report - February 2023

I had high hopes for February, but it fell a little short. But, can I really be upset about $464,159 of revenue? Not really. Although we didn’t top last month’s record figure, we still did pretty well. We had a couple of deals fall out of contract and also a couple of closings got delayed. That is the nature of this business and real estate in general. Plans always change and nothing ever goes exactly as planned. That’s ok, because I expect the unexpected at this point. Our gross profit for this month was pretty healthy as well.

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Year in Review Report – 2022

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