“A lot of people make decisions based on the short term rather than the long term, and the ones that are making the decisions off the long term will obviously do much better over time.”
Pete Reese is such an amazing guy. He is the President of Reelvest Properties, a land development and investment company. Go give him a follow on LinkedIn at https://www.linkedin.com/in/petereese1/.
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’s on track to earn $4 million in revenue in 2023 with his land flipping and development business. 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 girls, keeps up with his family by working out and enjoying a vegan diet, and is the 31st great-grandson of King Henry II. 🤯
In this episode we discuss:
✅ Land-Flipping
✅ Travel Blogging Business
✅ Data Scraping and Newsletters Distributions
✅ Buying Off-Market and Selling On-Market
✅ REO (Real Estate Owned - Banks)
Great quotes from the episode include:
“Land-flipping has a simple business model in a way, but not as easy as it may appear.”
“Our main thing is we like to look for areas where there's some good activity in the land market, and when I mean good activity, there are sales where there's not an overabundance of listings.”
“The whole goal is to buy them right so we can list them at an aggressive price on the market with the real estate broker and do whatever we need to do to make it retailable.”
“I've noticed the longer I hold something, the less profitable it's going to be, whether it's holding for you to get some approval on something or do some type of construction work, it seems like I always make out better if we can just sell things quickly and don't get into all that stuff.”
“My proudest accomplishment aside from real estate is my family and my kids.”
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