Maximizing profit in land flipping requires a strategic approach guided by key considerations in each phase of the deal. It's not just a matter of buying and selling. It's about making savvy decisions at every turn.From shrewd negotiation during the purchase to managing closing costs and implementing strategic property improvements, investors can significantly enhance their gross profit margins.By understanding these components and making informed decisions, investors can significantly enhance their gross profit on each deal, contributing to long-term success for their business.In this episode, Heather and I delve into some strategies offering a step-by-step roadmap for investors aiming to extract the most value from each land flipping deal.Whether you're a seasoned investor or new to the game, our episode offers actionable advice and a roadmap for success in the competitive world of land flipping.Tune in to gain valuable insights into the comprehensive strategy that savvy land flippers employ to maximize profits on every deal. Key TakeawaysIntro (00:00)Gross profit for every deal (07:17)Gross profit formula (09:46)Purchase price negotiation tactics (17:09)Closing costs on the purchase (22:02)Due diligence expenses (27:13)Property improvement/value-add expenses (30:33)Marketing expenses (37:09)Resale negotiation and transaction expenses (42:56)Time to answer some questions (51:01)Additional Resources:✨ Get all of our recommended tools and services at https://resources.landconquest.com✨ Follow Pete on Instagram here: https://www.instagram.com/partnerwithpete✨ Connect with Pete on LinkedIn here: https://www.linkedin.com/in/partnerwithpete/—Turning Profit is a podcast for people who love real estate, brought to you by Pete and Heather Reese.Follow us on your favorite platform so you never miss an episode!

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