Question 1

What is land flipping?

Accepted Answer

Land flipping is a real estate investment strategy where you buy plots of land and sell them for a profit. Unlike flipping houses, it often involves fewer renovations and can be a simpler way to achieve a high return on your investment, with experts often aiming to double their money on each deal.

Question 2

Can I start land flipping as a side business?

Accepted Answer

Yes, land flipping can be an excellent side business. With dedicated effort to learn the business model and how to evaluate properties correctly, you can manage it alongside a full-time job. It offers a flexible path to building an additional income stream.

Question 3

How much money do I need to start flipping land?

Accepted Answer

While it varies, some experts target properties in a specific price range, such as around $30,000. The key is to find undervalued land with motivated sellers, which allows for a lower entry point compared to traditional real estate and still offers the potential for significant profit.