In this Art of Passive Income Podcast episode, Mark chats up Pete Reese to find out about his company Reelvest.
Pete Reese is the President of Reelvest Properties, a land development and investment company. With nearly two decades of real estate experience as a broker and investor, Pete has successfully purchased and sold hundreds of pieces of real estate for a profit over the years for himself and on behalf of his clients. He did $3.5 Million in Revenue in 2022 with his land flipping and development business, and he’s pushing to do $10 Million in 2023. Pete’s always looking for his next deal, including his longtime dream of his own private island.
Episode notes:
Pete explains:
- How he got into real estate
- What are the biggest differences between REO and house flipping and land flipping?
- The advantages and disadvantages of land flipping
- What about land flipping appeals to him
- His exact land flipping model
- How much cash you need to start out
- His lessons learned
- What he looks for when evaluating a market
TIP OF THE WEEK
Pete
This is going to sound a little weird. It’s Bing. They just released and are running on ChatGPT 4. ChatGPT is quite a bit smarter. You can ask it anything. There are some interesting uses when combining ChatGPT with a search engine.
Mark
Learn more about Pete Reese and his podcast at turningprofit.com.
WANT TO LISTEN MORE?
Did you like this episode? If so, listen to another AOPI podcast episode about how to build wealth with distressed bank notes.
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