Like many economic activities, the ethics of land flipping can be a matter of debate. This is especially true when the buyer makes a huge profit margin.
In a recent land flipping case posted in our community, an investor purchased two side-by-side lots, totaling one acre, for $1,000 and subsequently sold them for $55,000. The return on investment was indeed impressive, reaching over 5,000%.
This exceptional profit margin sparked both excitement and controversy.
This is the basis of our episode this week. We try to navigate the tricky question of the ethics behind land flipping, how much profit is too much, and where to draw the line.
But it's evident in our book that when you have a seller and a buyer that negotiate and come to an agreement for a deal, there's no ethical or unethical profit number.
One of the core tenets of ethical land flipping is the importance of transparency and fair negotiation.
However, there are some instances where you should outrightly walk away from a deal that may be considered unethical.
Join us in this episode as we explore the ethical dimensions of land flipping and tips on what constitutes a fair and responsible transaction.
Key Takeaways
Ethics of land flipping (02:02)
The mindset of land sellers (09:15)
When to walk away from a deal (21:12)
Who land flipping offers work for (26:05)
Who it doesn't work for (33:37)
Where to draw the line (34:49)
Land Conquest community (39:50)
Partner with Pete Program (41:22)
Mentorship program coming soon (46:05)
Let’s answer some questions (47:01)
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
✨ Connect with Pete on LinkedIn here: https://www.linkedin.com/in/partnerwithpete/
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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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