In this episode of Masters of Real Estate, host Matthew Owens welcomes Pete Reese, a seasoned land investor and entrepreneur, to discuss his journey from house flipping to building a thriving business in land development. Pete shares valuable insights into the unique strategies and systems he’s developed to capitalize on land investments, even in today’s competitive market.
Key Takeaways:
- Pivoting in Real Estate: Pete transitioned from house flipping to land investing after the 2008 housing market crash, discovering that land offered a simpler and less stressful investment model.
- The Power of Due Diligence: Pete emphasizes the importance of thorough due diligence, including title checks, access verification, and market research, to avoid purchasing problem properties.
- Value-Add Strategies in Land Investing: From minor improvements like clearing lots and completing surveys to larger projects like subdividing acreage, Pete demonstrates how strategic upgrades can significantly boost profitability.
- Market Selection Matters: Pete targets rural areas with high demand and minimal regulatory hurdles, avoiding markets with oversupply or complicated approval processes.
- Connect with Pete Reese on LinkedIn: @partnerwithpete
- Check out Pete’s Podcast: Turning Profit (available on YouTube: @turningprofit)
- Join Pete’s Land Investing Community: Land Conquest (available on the Skool platform).
- Learn more about partnering or private lending opportunities with Pete: TurningProfit.com
CONNECT WITH US:
Facebook: https://www.facebook.com/mathew.owens2
Instagram: https://www.instagram.com/mathew_owens1/
LinkedIn: https://www.linkedin.com/in/mathewowens/
Free 200-Point Due Diligence Checklist: https://mathewowens.com/due-diligence-checklist/
Free Deal Analysis Masterclass: https://mathewowens.com/masterclass-form/
