In this episode of the podcast of retipators, I speak with David Hansen, Arturo Patuurzo and Emanuel Wijkhuisen, three real estate investors who joined to assume a high -risk land law project in Alabama.
Originally, this agreement was destined to be a simple land flip, but quickly turned in a plated sub -knowledge of the entire balance. They faced many challenges: a shaded real estate agent, a ghost engineer, hidden wetlands, last -minute developer surprises, sewage quotes that jump for $ 150K and even a paved road that appeared mysteriously just before closing.
We immerse ourselves deeply in their process, what they learned and how they turned a risky investment of $ 250k into almost $ 600k in profits without building anything.
If you are curious about how land rights offers work, how to work with builders and developers, or want to listen to a wild real estate full of lessons, this is for you!
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In this episode, you will:
- See how a simple land flipping can become a complete sub -counted project after a closer look at the property.
- Learn why a weak purchase contract creates important delays and how to write one that is maintained.
- Understand how investors spend $ 250,000 in an agreement they do not possess, and why they advance anyway.
- Discover how a listing agent and a missing MLS publication create big problems at the beginning of the process.
- Learn how wetlands and soil types affect the use of the land and why a desk review of $ 500 helps avoid expensive surprises.
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About the author
Seth Williams is the founder of Retipster.com, an online community that offers real world guidance for real estate investors.