24 min listen
JF3384: The Formula for Simple and Profitable Land Flipping ft. Mike Deaton
JF3384: The Formula for Simple and Profitable Land Flipping ft. Mike Deaton
ratings:
Length:
32 minutes
Released:
Dec 10, 2023
Format:
Podcast episode
Description
Mike Deaton, founder of Flipping Dirt and Deaton Equity Partners, sheds light on the world of land flipping. His simple buy low, sell high strategy requires very little time and energy, and results in major profits. Key Takeaways The Formula for Simple Land Flipping: There are a variety of business models when it comes to land flipping. Mike’s strategy consists of buying properties significantly under market value, doing nothing to them, remarketing them, and selling them within 4 weeks for a hefty profit. There are very few outside parties and logistics involved. Marketing Tips for Land Deals: Mike shares his techniques for marketing and selling land properties quickly. He talks about the websites and platforms he uses to list properties, how and when he works with realtors, and how he approaches conversations with buyers. The Tax Advantages of Multifamily: After seeing such success with land flipping, Mike’s tax bill was less than ideal. He decided to diversify his portfolio by investing in multifamily to take advantage of the tax and depreciation benefits that asset class brings. Now, his tax bill is near zero. Mike Deaton | Real Estate Background Founder of Flipping Dirt and Deaton Equity Partners Portfolio: $1M in land holdings 1,000 multifamily units Based in: Woodland Park, CO Say hi to him at: flippingdirt.us cashflowfightclub.com Best Ever Book: Mindset by Carol Dweck Greatest Lesson: the current financial environment is providing tons of learning Check out Mike’s previous episode: 2710 - 4 Strategies to Scale as a Multifamily Syndicator Sponsors BV Captial BAM Capital
Released:
Dec 10, 2023
Format:
Podcast episode
Titles in the series (100)
JF 06: Cautionary Tale of Joint Ventures from an Attorney: Douglas Dowell has been involved in many areas of real estate but we’re going to focus on his background as a real estate attorney. He gives us incredible insight into joint venture agreements and what to look for prior to creating one. He also talks ab by Best Real Estate Investing Advice Ever