On this episode of the REtipster Podcast, I discuss with David Hansen, Arturo Paturzo, and Emanuel Wijkhuisen, three actual property buyers who teamed as much as tackle a high-stakes land entitlement mission in Alabama.
This deal was initially meant to be a easy land flip, however they shortly pivoted right into a full-scale platted subdivision. They confronted many challenges: a shady actual property agent, a ghosting engineer, hidden wetlands, last-minute developer surprises, sewer quotes leaping by $150K, and even a paved highway that mysteriously appeared simply earlier than closing.
We dive deep into their course of, what they realized, and the way they turned a dangerous $250K funding into almost $600K in revenue with out ever constructing a factor.
When you’re interested in how land entitlement offers work, work with builders and builders, or wish to hear a wild actual property story full of classes, this one’s for you!
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Key Takeaways
On this episode, you’ll:
- See how a easy land flip can flip right into a full subdivision mission after a better take a look at the property.
- Be taught why a weak buy contract creates main delays and write one which holds up.
- Perceive how buyers spend $250,000 on a deal they don’t personal—and why they transfer ahead anyway.
- Learn how an inventory agent and a lacking MLS submit create massive issues early within the course of.
- Learn the way wetlands and soil sorts have an effect on land use and why a $500 desktop overview helps keep away from expensive surprises.
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Concerning the creator
Seth Williams is the Founding father of REtipster.com – a web based group that provides real-world steerage for actual property buyers.
