We reveal the details of a profitability study of our first 200 land flipping deals.
What types of properties were most profitable?
What types of properties will we never buy again?
How will use this information to be more profitable in 2024?
Did the 80/20 rule hold?
This is information that other investors would never share.
Key Takeaways:
- Intro (00:00)
- Inside our land flipping business (01:20)
- Overview of the first 200 land flip deals (04:30)
- Insights from sorting deals by profit (04:50)
- Reinvesting profits and growth goals for our business (10:40)
- Analysis of average purchase and resale prices (14:31)
- Breakdown of top and bottom-performing deals (20:14)
- Strategy shift towards more profitable deals (26:25)
- Challenges with cheaper properties (33:55)
- Final analysis of bottom 20% of deals (39:43)
Additional Resources:
✨ Get all of our recommended tools and services at https://resources.landconquest.com
✨ Follow Pete on Instagram here: https://www.instagram.com/partnerwithpete
✨ Follow Heather on Instagram here: https://www.instagram.com/itsalovelylife
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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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