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Wholesaling

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31
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Shannon Vinson
  • New to Real Estate
  • Fort Myers FL
15
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31
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Does anyone wholesale vacant land in SWFL?

Shannon Vinson
  • New to Real Estate
  • Fort Myers FL
Posted Sep 23 2019, 04:48

I've just listened to the podcast episode about wholesaling vacant land to builders and it seems like a great strategy. I live in the Fort Myers area and was hoping I could find someone who knows more about the subject and could help me get started. Thanks.

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Jeff Tumbarello
Pro Member
  • Real Estate Broker
  • Fort Myers, FL
308
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1,226
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Jeff Tumbarello
Pro Member
  • Real Estate Broker
  • Fort Myers, FL
Replied Oct 16 2019, 09:53

There are a few large players that focus on land. I have had some success personally but the margins here make it tough to make money unless you are doing volume. We pulled a list of 1,000 laser targeted owners and got an 8.9 percent response rate. We wrote a lot of offers but two of the major players are buying st 85 to 90 percent of the market. We just interviewed one of those major players 

/edit

User Stats

1,226
Posts
308
Votes
Jeff Tumbarello
Pro Member
  • Real Estate Broker
  • Fort Myers, FL
308
Votes |
1,226
Posts
Jeff Tumbarello
Pro Member
  • Real Estate Broker
  • Fort Myers, FL
Replied Mar 5 2020, 14:47

update to post. We have 9 pending with 4 closings already this year via assignments. 

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