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Updated about 6 years ago on . Most recent reply

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Nicholas Heinrich
  • Rental Property Investor
  • Cleveland, OH
6
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Land flipping for personal use

Nicholas Heinrich
  • Rental Property Investor
  • Cleveland, OH
Posted

Hey so just listened to episode of 39 of the podcast where Seth talks about land flipping. I love land. However I am wondering for those of you that have done it. Is it often that you can get lots next to each other. I personally have been looking for a great place to set up shop for life. Thinking maybe this could pan out for that?

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Seth Williams
  • Specialist
  • Grand Rapids, MI
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Seth Williams
  • Specialist
  • Grand Rapids, MI
Replied

I've seen these situations come up from time to time, but in my experience, it's been more the exception than the rule. Even if you don't find any adjoining parcels like this, it's not hard to find out who the neighboring property owners are and send them a letter to ask if they'd be interested in selling their property to you (or alternatively, if they want to buy from you - that's usually the route I take). When I do this, I'm able to put together a deal about 20% of the time... so there's definitely no guarantee you'll be able to make it work - but still worth a try if you find yourself in that situation.

I've got a few templates I use for this. If you're interested, let me know.

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