The 8 Most Common Land Flipping Mistakes To Avoid

March 28, 2023

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In this week’s episode of the Turning Profit podcast, Heather and I are talking about something super important: The 8 most common land flipping mistakes to avoid.

You see, it’s easy to make some mistakes when starting a new land flipping business. But the ones we’re talking about today could ruin your land flipping endeavors before you even get your first deal.

Some of these mistakes are easy to correct, others, not so much.

We thought we’d share them with you so you can learn from them too.

Plus, we also answer some questions from our land flipping community at the end of the episode, so make sure to listen till the last minute!

All right, are you ready?

Let’s dive in!


Key Takeaways:

  • Introduction (00:00)
  • Are you sending enough mail? (07:55)
  • Don’t buy property that isn’t a deal! (11:39)
  • What are problem properties? (12:56)
  • Are you responding to leads quickly enough? (15:54)
  • Don’t send mail to the wrong areas (17:30)
  • Be careful with this pricing mistake (19:09)
  • Make sure to hire the right agent (22:27)
  • Consistency is key! (29:58)
  • A quick Q&A (35:02)


Additional Resources:

Read our monthly income reports at here.

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

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 – July 2023

Income Report - July 2023

July was the worst month we’ve had in a while. Of course, it directly followed the best month we’ve ever had (June $729,254).

We finished out the month of July with a total revenue of $183,448. This is the lowest revenue total we’ve had this year, and it kind of messes up my numbers. 🤣

The gross profit for the month was $69,212. This is a 37.72% gross margin. This is also not as high as I’d like to see it, but it’s something to strive for in the future.

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Income Report – June 2023

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June was a GREAT month for us!

In fact, it was our best month yet! We brought in revenue of $729,254 in land flips in June. This is the total of all the sales.

We just barely beat out our revenue of $728,000 in January, but I’ll take it!

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This equates to a 38.07% gross profit margin. 40%+ is where I’d like to be, but we were pretty close.

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That equates to an average gross profit per deal of $35,829.94.  This is a substantial improvement from our historical average and recent months. So far this year, we have been averaging over $23,000 per deal. I hope this trend continues!

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