The $250,000 land deal almost collapsed, but then paid off

In this episode of the Retiptter podcast, I spoke with David Hansen, Arturo Paturzo and Emanuel Wijkhuisen, three real estate investors who collaborated on high-risk land rights projects in Alabama.

The deal was originally a simple land flip, but they quickly turned to a full-size base segment. They face many challenges: a shady real estate agent, a ghost engineer, hidden wetlands, last-minute developers surprises, sewers reference $150K, and even a paved road that mysteriously emerged before closing.

We delve into their process, what they learned and how they turned $250,000 in investment into nearly $600,000 in profit without building anything.

If you are curious about the way land entitlement transactions work, how to work with builders and developers, or want to hear a wild real estate story with courses on it, then this is for you!

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Key Points

In this episode, you will:

• After a closer look at the property, see how a simple land flip becomes a complete subdivision.
• Learn why a weak purchase contract can cause significant delays and how to write persistent delays.
• Learn how investors spend $250,000 to buy deals they don’t own and why they keep moving forward.
• Find out how manifest proxy and missing MLS posts create big problems early in this process.
• Learn how wetlands and soil types affect land use and why the $500 desktop review helps avoid expensive surprises.

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