Already Flip Houses Successfully – Buy Cheaper Houses to Flip (CFFL 0239)

Buy Cheaper Houses to Flip Jack Butala: Buy Cheaper Houses to Flip. Every Single month we give away a property for free. It's super simple to qualify. Two simple steps. Leave us your feedback for this podcast on iTunes and number two, get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening. Jack Butala: Jack Butala with Jill DeWit. Jill DeWit: Hello. Jack Butala: Welcome to our show. In this episode Jill and I talk about, hey, you already flip houses successfully. Why not buy them cheaper and then flip them? A great show today. I love this topic. It's something that Jill and I have done in the past, and we do now all the time. We don't talk about it too much because this is a Cash Flow from Land show. Flip houses is not in that title, but we're going to talk about it a little bit today. Before we do that let's take a question posted by one of our members on successplant.com, our free online community. Jill DeWit: Luke wrote and asked, "I have five five acre lots inside a nice national forest today. I did not pay yet. The seller sent me a letter replying to my offer and said I have to buy all five of them. Trees, park, no neighbor, no road. It would be a hike to access. I think that would be fun to sell. What do you guys think, am I going crazy? The cheapest five acres in the county is $40 000, so I think there's some room for error." I put this in here, Jack, on purpose because I wanted everybody to hear your thoughts on this. Jack Butala: Lucas is, if not our star member, one of our star members, probably star performer. Let me translate, I'll translate Luke's language. He sends out a bajillion letters, and he obviously reeled in five five acre properties that are inside a national forest. A lot of times this happens with Native American reservations, also. If you look at a use map, you ever see those checkerboard maps? If you're my age you remember those atlases that your parents had in the back of the car, and it's all checker boarded out and it's color coded. The white ones, it used to be, anyway, are privately held land. There's different type. I'll go over it really quickly here. Even now, just look up on the internet land use maps. White is private ownership, and then there's lots of different color codes for federally owned and, like Bureau of Land Management, state owned land, and then all different types of municipalities, and on, and on, and on. What ends up happening is if you look at what Luke has here is some property that's privately owned land all surrounded by what I guess he's calling national forests, which is cool. This is my opinion, my fifteen year opinion. These lots are incredibly valuable. Incredibly valuable because they're so finite and unique. Do you have to cross federal land to get to it? Yeah, but guess what? We all do. We don't know that we're doing it but we cross over all kind of land use stuff on the way to work, on the way home, and all of it. My message is this: hell yes, but these Luke. That's the answer to the question. The more unique that your property is, the more that you can set it apart from looking just like regular old vacant land, like the 9 000 other properties that may or may not be for sale in that area, the faster you're going to sell it for and the more you're going to get for it. I love unique property like this. I had tons of lots a long time ago one mile from the Grand Canyon, just inside of a Native American reservation, and boy did I get it from a lot of people that were doing the research on whether or not to buy these properties from me. I was getting hate mail, like, "Why are you selling Indian reservation?" I really wasn't, it was just really, really close to it. This is a great question. This is a master's degree level question on land. Not quite PhD, but I love it and heck yes! Jill DeWit: I think what a better attribute? I'm like, how cool is that?