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Land flipping is an unusual real estate investment. Unlike all the rest, there are no utilities, renovations, or tenants to take care of. It’s really as simple as buying a piece of land with high demand and finding a seller who either wants to build or sit on it. But can it be that easy? If land flipping is low cost, low risk, and high reward, why aren’t more investors buying raw land? What are everyday real estate investors like us missing that land flippers like Paul Hersko and Willie Goldberg understand? Paul and Willie, like many investors, didn’t start out in real estate. Willie worked in investment banking while Paul was busy running an ecommerce business. Both were feeling unfulfilled by their work and wanted to build something bigger and better on their own. After a casual skydiving session, Paul and Willie realized they'd be perfect partners together, deciding that buying, selling, and financing raw land was what interested them most. Now they’re making massive multiples on literal dirt, selling plots online to investors and retail buyers who want to own real estate without the big banks, down payments, and high interest rates. Paul and Willie have built an entire business around these types of deals, and even though land is low-cost, you'd be surprised by how much they make off of a simple land sale. This could be the best low-risk real estate investing out there! 00:00 Intro 01:38 Quick Tip 02:45 Becoming Partners 14:06 Why Raw Land? 20:21 How to Flip Land 27:39 Scaling the System 30:15 Risks of Buying Land 37:56 KPIs Worth Tracking 45:12 Secrets to Success 47:59 Deal Deep Dive 59:42 Famous Four ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media ~~~~ Grab Some BiggerPockets Merch: https://bit.ly/biggerpocketsswag ~~~~ Find an Investor-Friendly Agent in Your Area: https://www.biggerpockets.com/agent/match?utm_source=owned_media ~~~~ Ask David Your Raw Land Question for the Next Seeing Greene Episode: https://www.biggerpockets.com/david?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Dirt Cheap Land Flipping and Reaching Motivated Sellers: https://www.biggerpockets.com/blog/2013-10-10-land-flipping-seth-williams?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ How To Buy Land & Questions To Ask Before Making Your First Investment: https://www.biggerpockets.com/blog/buying-land?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Investing in Vacant Land 101: https://www.biggerpockets.com/blog/pros-cons-vacant-land?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Work with Discount Lots: https://discountlots.com/ ~~~~ Connect with Paul and Willie: Paul: https://linktr.ee/paulhersko Willie: https://linktr.ee/williegoldberg ~~~~ Connect with David on BiggerPockets: David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Follow David and BiggerPockets on Instagram: @davidgreene24 or https://www.instagram.com/davidgreene24/ @biggerpockets or https://www.instagram.com/biggerpockets/ Episode 704 Show notes at: https://www.biggerpockets.com/blog/real-estate-704?utm_source=youtube&utm_medium=description&utm_campaign=none #biggerpockets #realestatepodcast #biggerpockets704
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