How to Flip a Vacant Lot in 30 Minutes or Less

Introduction

• Presenter: Joe Mall
• Goal: Demonstrate how to flip a vacant lot quickly.
• Mention of simplelandkit.com for free resources.
• Main Steps:
  1. Find it
  2. Make an offer
  3. Flip it

Finding a Market

• Choose a market with recent activity.
• Identify the best zip codes and buyers using Zillow, Redfin, and other tools.
• Example: Florida, Lee County, with a focus on cheap properties (< $100k).
• Use tools like Freedomsoft, Propstream, and Propwire to analyze data and find active buyers/sellers.

Tools and Resources

• Freedomsoft: Main tool for managing vacant land deals.
• Propstream: Used for data analysis, costs $97/month.
• Propwire: Free, good for house data.
• List Source: Free tool for identifying market activity.

Analyzing the Market

• Download data from Redfin to identify active zip codes.
• Use Freedomsoft to find buyers and sellers.
• Target top zip codes with the most activity.
• Filter buyers by those who purchased multiple properties recently.

Contacting Sellers

• Pull a list of sellers with land in top zip codes, owned for over 10 years.
• Set up a simple voicemail for direct mail responses.
• Use postcards to reach out to sellers, ensuring each has a reference ID.

Making Offers

• Call back interested sellers using a simple script:
  1. What's your situation?
  2. What would you like to see happen?
  3. When would you like to see that happen?
• Use Redfin and Zillow to determine comparable sales and set offer prices.
• Aim to make offers at 40% of list price.
• Send offers through Freedomsoft via mail, email, and text.

Follow-Up

• Emphasize the importance of follow-up (7-8 touches over 2-3 months).
• Automate follow-ups using Freedomsoft for emails, texts, and direct mail.

Due Diligence and Flipping the Property

• Conduct due diligence after offer acceptance.
• Use online tools and local realtor contacts for research.
• Partner with local investors or funding companies if needed.

Marketing the Property

• Use postcards, Facebook groups, and Marketplace to market the property.
• Consider using realtors for a wider reach.
• Offer attractive commissions to realtors for quick sales.

Closing the Deal

• Use title companies for closing transactions.
• Ensure transactional funding is arranged if needed.

Conclusion

• Reiterate the benefits of flipping vacant land and potential for owner financing.
• Encourage visiting simplelandkit.com for more resources and to join the community for further support.