Turning Profit - podcast cover

Turning Profit

Pete and Heather Reeseredcircle.com

Welcome to Turning Profit — a podcast for people who love real estate! To learn more, visit turningprofit.com. Hi there! We're Pete and Heather Reese, and on this podcast, you’ll learn the business models and skills that professional real estate investors use to make money and build wealth. We leave no stone unturned as we share details about our own deals and experiences. Our interviews feature some of the smartest people in the industry so you can learn and grow your own real estate investment business. Be sure to give us a follow, so you never miss an episode!

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Episodes

Flipping the Script: Transitioning from Real Estate Agent to Real Estate Investor

For many real estate agents, the profession is not just about facilitating transactions; it's a stepping stone toward their dream of becoming real estate investors. They enter the industry with a passion for property and a desire for financial freedom. Yet, the path from agent to investor can seem daunting. What many agents don't know is that the same skills acquired during their time as agents can be invaluable in real estate investing. Some of these skills include: - Contracts Expertise: Real ...

Oct 10, 20231 hr

Land Flipping vs. Multifamily Real Estate Investing

In this week’s episode of the Turning Profit podcast, we break down the main differences between land flipping and multifamily apartment investing. Both of these real estate models have their own pros and cons, and we’ll be going through each one of them. This is the first episode in our new comparison series, and we hope you’ll stay with us for the rest of the series (we promise, you won’t regret it). And as always, we’ll also be answering some of the best questions we’ve received this week fro...

Oct 03, 202357 min

How to Set Up Your Land Flipping Business in 8 Easy Steps

In this week’s episode of the Turning Profit podcast, Heather and I share with you our complete guide to setting up your land flipping business. We discuss everything , from how to get your logo designed to the best way to get a website made to setting up your legal entity for as little as $50. We’ll also be talking about our brand new Land Conquest Business System, so you really don’t want to miss this episode! Ready to learn more? Let’s dive in. Key Takeaways: Introduction (00:00) Pick a name!...

Sep 26, 20231 hr

How to Research Properties for Your Land Flipping Business

In this week’s episode of the Turning Profit podcast, Heather and I discuss how you can research properties and find the right ones for your land flipping business. Not all properties are made equal, and while some can be flipped quickly and for great profit, others, not so much. This is why today we decided to share with you our complete guide on how we research the properties we invest in. We’ll also be answering questions from our land flipping community (and if you haven’t joined yet, what a...

Sep 19, 20231 hr 5 min

Here’s Everything You Need to Know About Land Flipping

In this week’s episode of the Turning Profit podcast, Heather and I will be answering one question: What is land flipping? We’ll be sharing with you a complete guide to the land flipping process, from getting the deals to marketing them to the closing process and everything else in between. And as always, we’ll also be answering some of our community’s most burning land flipping questions, so make sure to listen till the end. Well then, what are you waiting for? Tune in now. Key Takeaways: Intro...

Sep 12, 202359 min

How We Made a 320% Return on Investment in 44 Days With This Land Flipping Deal

In this week’s episode of the Turning Profit podcast, Heather and I will be discussing one of our most successful deals ever. Why is this deal so special? Simply because this property made us a 320% return on investment in 44 days. Yes, you’ve read that right. We owned that land for less than 2 months , and more than tripled our money when we sold it. And because you guys seem to really enjoy these types of episodes, we thought why not share with you our step-by-step process for this deal? Plus,...

Sep 05, 202353 min

We Bought a LAKE!

In this week’s episode of the Turning Profit podcast, Heather and I will be discussing our craziest (or at least most peculiar) deal yet: A lake. Yes, believe it or not, we bought a lake, and then we flipped it! Want to join us on this adventure and learn more about why we made this decision? If so, tune in now. Well then, what are you waiting for? Let’s dive in! P.S: As always, we’ll also be answering the best questions from our land flipping community this week (and if you haven’t joined yet, ...

Aug 29, 20231 hr 6 min

Avoid These 7 Types of Properties At ALL COSTS for Successful Land Flipping

If you're venturing into the world of land flipping or have been doing it for a while, it's essential to be aware of the types of land to avoid at all costs. While there are various strategies to make money through land flipping, focusing on quality properties is crucial. The first step is recognizing the difference between calculated risks and outright gambles. If a property aligns with your objectives and exhibits potential for appreciation, it might justify taking a risk. On the other hand, s...

Aug 22, 202359 min

What Does It Take to Be a Successful Land Flipper?

In this week’s episode of the Turning Profit podcast, Heather and I will be discussing what it takes to become a successful land flipper. This episode is going to be full of advice that’s applicable to people in many different stages of their land flipping business. So, even if you’re just gotten started, this is for you! And as always, we’ll also be answering a bunch of fun questions from our land flipping community (and if you haven’t joined yet, what are you waiting for?) so make sure to list...

Aug 15, 202358 min

How to Scale Your Land Flipping Business Like a Pro

In this week’s episode of the Turning Profit podcast, Heather and I will be sharing with you how you can scale your business. As you might already know, scaling is the process of expanding your business in one or multiple categories. When it comes to land flipping, that actually means multiple things: You could scale your revenue, your profits, your transactions, or even your property types. If you decide this is for you, then planning your scaling will be essential to your success. And this is ...

Aug 08, 202351 min

All Your Land Flipping Questions Answered (Q&A Part 3)

In this week’s episode of the Turning Profit podcast, Heather and I will be answering ALL your land flipping questions in our third Q&A of the season! We’ll be discussing all the fun stuff, from how you can partner with Pete to our favorite payment processor to whether or not you should deal in non-disclosure states and more. If this sounds like something you’re interested in (and we’re certain it is), make sure to tune in. Are you ready? Let’s dive in! Key Takeaways: Introduction (00:00) It...

Aug 01, 202340 min

The Most Common Land Flipping Red Flags and How to Deal With Them

In this week’s episode of the Turning Profit podcast, Heather and I will be discussing some land flipping issues you might have to deal with… and how to troubleshoot them. We will be discussing everything , from the problems you can fix, like title issues and oversights (from you and others), to the ones you can’t always fix, like due diligence issues, bad neighbors, or unmotivated sellers. And, as always, we’ll also be answering some questions from our land flipping community (have you joined y...

Jul 25, 20231 hr 2 min

How to Become a Land Investor Without Using Your Own Money

In this week’s episode of the Turning Profit podcast, Heather and I break down how you can invest in land without using any of your money. “How do I invest in land without using my own money?” is one of the most common questions we get in our land flipping community, and today, we’ll be sharing the answer with you. Plus, as always, we’ll also be answering some other questions from our land flipping community (and if you haven’t joined yet, we only have one question for you: What are you waiting ...

Jul 18, 202354 min

How to Write an Offer Letter to Landowners

In this week’s episode of the Turning Profit podcast, Heather and I break down the letter we send to landowners for you. This is the letter we send out to generate all of our deals, and today, we’ll be going through it piece by piece. Plus, as a bonus, we’ll also be sharing with you where you can actually get a copy of the letter so you can use it yourself! And as always, we’ll be answering some questions from our land flipping community (if you haven’t joined yet, what are you waiting for?) at ...

Jul 11, 202358 min

How to Evaluate Land From Anywhere in the World

In this week’s episode of the Turning Profit podcast, Heather and I share with you how we evaluate land remotely from anywhere in the world and how you can do the same. If you’re anything like us, then you enjoy traveling and discovering new places, but you still want to be able to do land flipping. And we’re here to tell you: You don’t need to see a property in person to know whether or not it’s the right one to invest in. Lucky for you, we’ve been there, and we’ve created our own process to ev...

Jul 04, 20231 hr

How To Flip Land: A Breakdown of the Land Flipping Business Model

In this week’s episode of the Turning Profit podcast, Heather and I break down the land flipping business model for you. She and I are going to be sharing with you ALL of the major steps of the business model you need to know so that you can learn how to flip land from beginning to end. Of course, we won’t be going into all the small details (that would need a few more episodes), but if you’d like to learn more, you can join our free training program, Land Conquest (you can find the link below)....

Jun 27, 20231 hr 6 min

Discover Our FREE Land Flipping Training Program, Land Conquest

In this week’s episode of the Turning Profit podcast, Heather and I share with you some great news! If you’ve been listening to the podcast for a while, then you know we’ve been working on a free land flipping training program to share with you. Well, we’re happy to let you know that Land Conquest is finally ready for you and we can’t wait for you to join us on this exciting journey. If you want to learn more about the course and why you need it (and we’re serious when we say “need”), then this ...

Jun 20, 202345 min

Land Contract Red Flags: Don't Get Stuck With a Bad Contract!

In this week’s episode of the Turning Profit podcast, Heather and I discuss another veeeery important subject (I know, we say this every episode, and we’re right every episode!): How to make sure you don’t get stuck with a bad contract. Being able to spot contract pitfalls and red flags is a skill many of us develop after falling for a few bad ones. However, you don’t have to, because we’re here to help you weed out the bad contracts from the good ones. In this week’s episode, Heather and I will...

Jun 13, 202356 min

Buy This Not That - What Makes a Quality Piece of Land

In this week’s episode of the Turning Profit podcast, Heather and I discuss something super crucial for all land flippers and investors out there: What makes a quality piece of land. As we’ve said time and time again, not all lands are equal. Some are better than others. And some are much much worse. And today, to help you weed out the good from the bad in order to find great opportunities, we’ll be sharing with you our very own land quality checklist. And trust us when we say this checklist goe...

Jun 06, 202357 min

How to Increase the Value of Raw Land

In this week’s episode of the Turning Profit podcast, Heather and I are talking about something everyone in the land flipping field should become familiar with: How to increase the value of raw land. A lot of times, people in real estate think that adding value means fixing and flipping. And generally, that’s true for residential real estate. But when it comes to land, things are not as straightforward. Still, there are a number of things you can do to add value to raw land, and this is exactly ...

May 30, 202356 min

How To Find the Best Agents and Brokers To Resell Your Land Flips

In this week’s episode of the Turning Profit podcast, Heather and I will be discussing something extra important for all land flippers out there: How to find the best real estate agents and brokers to resell your land flips. Why is this such a crucial step of the land flipping process? Simply because no matter how good of a deal your land is, if you don’t have the right person pitching it, you will not be able to sell it for the price you want and you deserve. And that’s definitely one thing we ...

May 23, 202357 min

Everything You Need to Know About Due Diligence As a Real Estate Investor

In this week’s episode of the Turning Profit podcast, Heather and I will be discussing a suuuuper important subject for real estate investors and aspiring land flippers: Due diligence. Due diligence is a step every land flipper and investor has to go through. Why? Simply because sometimes what you think you’re buying is not really what you’re getting. And once you’ve signed those papers and closed the deal, it’s too late to back down when you find out what you invested in (be it a land or a hous...

May 16, 202355 min

Common Mailing Mistakes Investors Make

Have you ever sent out a batch of mail only to be met with crickets? Are you tired of spending money on direct mail campaigns that don't deliver results? If you're an investor who relies on direct mail to generate leads and close deals, you won't want to miss this week's episode. We're talking about the common mailing mistakes that can derail your campaigns and leave you empty-handed. From pricing too low in a hot market to improper positioning of your letter and brand, we're covering the misste...

May 09, 20231 hr 3 min

Negotiation Tips for Real Estate Investors

In this week’s episode of the Turning Profit podcast, Heather and I will be sharing with you how to negotiate like a pro. One of the most important steps of a deal, negotiation can still seem like an afterthought. For many, it even feels a bit wrong. After all, you’re trying to drive the price down (or up if you’re selling), and that can be difficult for a lot of people. But no worries, because as always, we are here to help! Heather and I had to learn how to negotiate, and today, we’re sharing ...

May 02, 202359 min

Land Buying 101: Our Script for Asking Sellers Questions

In this week’s episode of the Turning Profit podcast, Heather and I will be sharing with you the scripts we use to ask sellers questions before buying land. You see, as we’ve stressed over and over again in the last few episodes, not all lands are created equal. Separating the bad deals from the good deals and the good deals from the truly great ones takes a lot of work and a whoooole lot of questions. Lucky for you, we’re here to share our knowledge! Tune in now to discover all of the questions...

Apr 25, 202359 min

How to Evaluate Land to Buy

In this week’s episode of the Turning Profit podcast, Heather and I will be discussing how you can evaluate land before buying. Yes, yes, we’re fiiiiinally tackling this subject. Many of you have been asking us how we evaluate the properties we buy, and today, we’ll be sharing all of our tips with you. You see, not all land flipping properties are worth investing in. Many that look good on paper can be a complete nightmare for everyone involved, which is why knowing what to look for and how to l...

Apr 18, 202356 min

The 8 Types of Land You Should Never Buy

In this week’s episode of the Turning Profit podcast, Heather and I will be discussing the eight types of land you should never buy. Yes, yes, even we draw the line at some of these, because not every land is worth investing in, no matter how good of a deal it looks like on the outside. A lot of properties like the ones we talk about today might look attractive on paper, but in reality, they are a land flipper’s nightmare! Why is that? This is the question we answer in this episode of the Turnin...

Apr 11, 202355 min

Flipping Land - Beyond Residential Properties

In this week’s episode of the Turning Profit podcast, Heather and I are talking about the many many possibilities that come out of land flipping. You see, many investors, when they start land flipping, stick to residential lots or residential properties. And sure, there’s nothing wrong with that. That type of property is a safe and sure investment, so really, what’s not to love? However, today, Heather and I are here to ask you to open your horizons (we’re about to show you a whole new world) to...

Apr 04, 202354 min

The 8 Most Common Land Flipping Mistakes To Avoid

In this week’s episode of the Turning Profit podcast, Heather and I are talking about something suuuuper important: The top eight mistakes you need to avoid in land flipping. You see, it’s easy to make some mistakes when starting a new land flipping business. But the ones we’re talking about today could ruin your land flipping endeavors before you even get your first deal. Some of these mistakes are easy to correct, others, not so much. We thought we’d share them with you because we’ve learned f...

Mar 28, 202347 min

Land Flipping: The Ultimate Side Hustle for Real Estate Agents

In this week’s episode of the Turning Profit podcast, Heather and I are talking about something every real estate agent should know: Land flipping. I know, I know, we’re aaaaaalways talking about land flipping. But that’s for a reason! And the reason is that land flipping is a pretty lucrative real estate business model. And it’s a business model that can turn into the ultimate side hustle, especially for real estate agents. Why is that? This is exactly what we’ll be discussing today! Are you re...

Mar 21, 202339 min
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