A Note from Seth (E.B. Farmer): This week, we’ve got a student of mine who has been kind and diligent enough to share his story with our community. There is plenty to be learned here, and it is quite an interesting story. If you or someone you know has had success land flipping (particularly if you’ve used ‘The Land Flipper” …
How To Survive A Recession As A Flipper
So I’ve been asked to discuss my personal experiences with recessions – which is like asking a guy to open up about his latest ugly divorce or ongoing hemorrhoid issues, but I’ve agreed to do it and so here I am. As a private businessman I’ve survived two major recessions. Let’s refer to them as 1990 and 2008. 1990 was …
Things I don’t Sell
I recently had a guy write in asking for a refund on the Land Flipper Course. I was surprised because he was the first out of many students to ask this question. But, as I pressed him as to why he was unsatisfied, his attitude became obvious. “I thought this was like the other guy’s course where you just have …
How I turned 25k into 100k in three Months (or, Why the Stock Market is for Suckers)
Watching the television show “American Greed” recently, I heard one of the investors exclaim that he was going to make a 10% return on his investment. Ten percent? Ten percent, for a land flipper, isn’t exciting at all. It’s sure not worth putting a guy on TV. People do this all the time with stocks, lauding how they are investing …
A Week in the Life of a Landflipper
Having had plenty of bad jobs in my life, I thought it might be interesting for aspiring Flippers to get a chance to peek behind the curtain and get a feel for what the lifestyle is really like. I’m not going to regale you with tales of Lamborghinis and trips to Maui. The truth is, I drive a pickup truck and …
How to Sell Land (The Art of FSBO)
Note: A version of this blog post appears in our book “The Land Flipper: Turning Dirt into Dollars” It has been rewritten here for ease of internet consumption. You can also find these and other sales strategies outlined in our Land Flipping Course. So you’ve got a piece of land and need to sell it. The task seems overwhelming, but …
A New Year, a New Book, a New Course
For most of my family’s 30 year history in the land business, we have been an island. What I mean by that is that we have never really sat down to coffee with another “land flipper.” There have been no community meetings, no entrepreneurial cocktail parties, no anything of the sort. Sure other flippers exist. Once in a while some …
Divide to Conquer
So the 30 acres had been listed in the MLS for a couple of months before I ran across it. I contacted the agent, who emailed me a crude plat, and I used that to outline the tract on GoogleEarth and other mapping programs. It looked good on paper. Decent topography. Mostly out of the flood zones. Long frontage on a …
Why They Buy from Me
So maybe I paid $50,000 for ten acres. Then I broke it in half and sold each five-acre tract for $50,000. And now everyone is asking me, “Huh? That makes no sense. Why didn’t your buyer just purchase the original ten acres for $50,000?” There are a lot of reasons. The ten acres was maybe listed for $75,000, but …
Flipping Timber
Sometimes the landflipper may wind up with valuable timber on his property. How does one deal with that? The first step might be to convince a forester or timber buyer to do a ride-by. They’ll let you know whether it’s even worth considering a closer look and possible sale. If they give a positive report, you’ll want to …