Flipping vacant land can be a great side hustle for those interested in real estate. While most people look to real estate or land listings to find property to flip, one man has found success by taking a different approach.
Instead of looking at listings, he searches for landowners and sends them letters offering to purchase their land. Only about 1% of the letters he sends out receive a response, but those responses often lead to land being sold at a huge discount compared to what it would cost on a real estate or land listing site.
Once the land is purchased, he quickly turns around and puts it on a real estate or land listing website, where it sells fairly quickly. To make the process nearly automated, he has hired people to send out the letters, handle responses, send out contracts, and relist the land.
It's important to note that this method is not about buying land from real estate listings, which can be expensive. Instead, it involves reaching out directly to landowners and offering to buy their land at a discounted price. This is a game of numbers, so it's important to send out a lot of letters to get a small percentage of responses.
While this method may not be for everyone, it's a great option for those who are willing to put in the work and take a chance on finding the right property at the right price. If you're interested in real estate and are willing to put in the effort, flipping vacant land could be a great side hustle with the potential for significant profit.
For more great Side Hustle ideas, check out "101 Real World Side Hustles."
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