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. 

Episode notes:

Pete explains:

• How he got into real estate
• What are the biggest differences between REO and house flipping and land flipping?
• The advantages and disadvantages of land flipping
• What about land flipping appeals to him
• His exact land flipping model
• How much cash you need to start out
• His lessons learned
• What he looks for when evaluating a market

TIP OF THE WEEK

Pete

This is going to sound a little weird. It’s Bing. They just released and are running on ChatGPT 4. ChatGPT is quite a bit smarter. You can ask it anything. There are some interesting uses when combining ChatGPT with a search engine.

Mark

Learn more about Pete Reese and his podcast at turningprofit.com.

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