Adelaida “Ady” M. Artime, P.A., Berkshire Hathaway EWM Realty.Phone: (786) 512-2467
Email: [email protected]
Email: [email protected]
Flipping vacant land is a type of real estate investment that’s often overlooked. Flipping houses can have its own benefits and drawbacks. It can also be more expensive and a little harder to secure the property if you live out of state. However, flipping land might be a better option for your situation depending on factors like the locale, budget and sweat equity you’re willing to put into the project.
Here are some of the main pros and cons of flipping land:
Low Competition - From a business perspective, flipping land comes with wide territory and low competition. Since you aren’t restricted to a single geographical area, you’re able to reach potential sellers and buyers across the country. Plus, with the vast amount of sectioned land still available, there is plenty of room for competition.
Ongoing Income Possibility - Through seller financing or working with lenders, you can turn your land flip into an ongoing income stream. Buying land with cash and selling with terms can mean regular monthly rent or mortgage payments in your pocket after the initial sale.
Active Investment - Flipping land one time seems simple, but making a business out of it requires a lot of work. To maintain steady activity and profits, you need to keep up with marketing efforts and prospecting. Buying and flipping land for profit is an active investment, which means you’ll need to stay on top of your business efforts regardless of cash flow.
Selling Can Be Tough - While finding land to buy might be easy, selling it can be more difficult. Most land flippers find that their primary source of frustration and bottlenecking occurs in the sale process rather than in the buying and improvement process. You may need to hold on to your improved land properties for a while before finding the right buyer.
Flipping land might be a relatively uncommon form of real estate investment, but it definitely has its advantages. Keep these pros and cons in mind when considering whether it’s the right way for you to get into the flipping business.
In her role as a real estate and relocation specialist in South Florida and Northern Virginia, Ady Artime prides herself on providing the highest level of service, confidentiality and professionalism to her clients. Based on her own experience as a government liaison, Ady is in familiar territory working with high powered individuals. She possesses a discreet and confidential work ethic, and her keen eye, attention to detail, and experience with multi-million dollar properties have earned her a high-profile, loyal clientele that expect the best from their realtor.
Known for her expertise and strong background in interior design, she stands out from other real estate agents. When a satisfied client says that Ady knows real estate "inside and out", the statement is to be taken literally. Over the course of her career, she has received recognition as an award-winning interior designer. She has designed and implemented interiors for countless luxury projects throughout the United States, and Europe. Her extensive knowledge of all facets of design, including working with architects and construction teams, led to a natural progression into the real estate arena and gives her a definite edge over the competition in serving her clients.
As and agent in South Florida and North Virginia, Ady lends her real estate expertise and design savvy to buyers and sellers. Ady's mission is to develop a faithful, repeat clientele by providing them with superior service and value. She is passionate about her work and takes the time to understand each client's needs and goals to accurately assess the options she provides. From overseeing the staging of a listed property in order to fetch the highest possible price to analyzing a potential purchase from a design and architectural perspective.
