87. Deal deep-dive: Your Guide To Successful Land Flipping with Pete Reese

Westside Investors Network

English - March 15, 2023 18:00 - 23 minutes - 32.1 MB - ★★★★★ - 83 ratings
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Previous Episode: 86. Deal deep-dive: From a Near-death experience to a Path of Financial Freedom with Nick Prefontaine

Next Episode: 88. Deal deep-dive: How to Build Sustainable Cashflow outside the Top Real Estate Markets with Victor Bell

ABOUT PETE REESE

Pete Reese is the President of Reelvest Properties, a land development and investment company. With nearly two decades of real estate experience as a broker and investor, Pete has successfully purchased and sold hundreds of pieces of real estate for a profit over the years for himself and on behalf of his clients. He did $3.5 Million in Revenue in 2022 with his land flipping and development business, and he’s pushing to do $10 Million in 2023. Pete’s always looking for his next deal, including his longtime dream of his own private island. Besides his professional accomplishments, Pete is a proud father to three beautiful girls, keeps up with his family by working out and enjoying a vegan diet, and is the 31st great-grandson of King Henry II.

THIS TOPIC IN A NUTSHELL:

Pete’s background and journey to real estate

Main business model and why he chose it

Land flipping vs. House flipping

Starting the business and scaling up

Value add that they do on land

Metrics when buying land

Type of properties they are looking for

Net profit on deals

investing out of state

How to determine your target market and negotiate with them

Best practices when dealing with agents and brokers

The biggest challenge for this business model

Financing the deal

Partnerships on deals

Biggest Takeaway

Connect with Pete Reese

KEY QUOTE:

"The positive side is that it is really a simple business in a way, especially if you can get good or if you're not good, you can get people in your team that are good at evaluating properties. You make money when you buy, so you get all these opportunities when you buy properties. If you are confident and you understand the value that you are buying, then you're instantly creating value there. Every time you close a good deal you are basically increasing your net worth. “

SUMMARY OF BUSINESS:

Reelvest Properties is a real estate investment company that is committed to helping property owners across the United States sell their properties quickly. Instead of waiting years to find the right “retail” buyer for your property, we’re able to complete the purchase easily and efficiently in a matter of days or weeks.

ABOUT THE WESTSIDE INVESTORS NETWORK

The Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.

The Westside Investors Network strives to bring knowledge and education to real estate professional that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.

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CONNECT WITH PETE REESE:

Website: Reelvest, Turning Profit

Facebook: @PeteReese

Twitter: @turningprofit

Youtube: @turningprofit

Instagram: @reesepeter

Podcast IG: @turning_profit

LinkedIn: @PeteReese

CONNECT WITH US

For more information about investing with AJ and Chris:

· Uptown Syndication | https://www.uptownsyndication.com/

· LinkedIn | https://www.linkedin.com/company/71673294/admin/