As I was driving around doing some errands, I thought it would be helpful to talk about a recent vacant land deal and how we did it. Flipping vacant land is a pretty easy strategy and I currently have my teenage sons helping me. We\u2019ve been doing these deals for about 4 to 5 years now and have done 30 deals total. I love it because it\u2019s been a great way to teach my boys how to run their own businesses.
In this particular deal, we purchased a 5-acre lot in Wilkes County, NC for $11K and sold it for $26K to a cash buyer. The entire process took about 3 months start to finish. To find the land for this deal and the others we\u2019ve done, I use the website Landwatch.com. I\u2019ve been targeting land between 4-40 acres counties that are 1-2 hours from a major city. People like to buy this type of land for hunting or camping, to ride around on their 4-wheelers, build a cabin someday, or just get off the grid.
I walk through the entire process from how to source land to advertising and through to the offer and closing process. Direct mailing campaigns have been great for us. We\u2019ll also use Facebook Marketplace and Craigslist to find people to help with advertising and due diligence. Vacant land deals are relatively easy to do, and I\u2019m considering doing something around coaching or partnerships to help get folks into it \u2013 stay tuned.
What\u2019s Inside:
\u2014How to find land listings online and what search filters to use.
\u2014How to set up an automated campaign using direct mail to sellers.
\u2014Our advertising strategies and how we set them up.