Let’s talk about land and fix & flips.
Fix & flips are a great business strategy. Definitely not knocking it. Basically, you buy a home at a discounted rate. Spend several months fixing it up, get it back on the market and make a profit.
The average return on a fix & flip in the US is somewhere between $20 and $40K. If you have everything really tight and dialed in, you can potentially hit $40K after all of your expenses. That’s a great profit for most people!
So, let’s say you buy the house, you go through the rehab, you get it back on the market and get it sold. That takes an average of 6 months to make $20-40,000.If you really want to put a dent into your legacy wealth, fix & flips will require that you do several of them, year in and year out, in order to build for your future.
Now let’s talk about land deals. The beautiful thing about the VestRight strategy is that it focuses on putting together land deals without taking on the big risks of land development (buying land and funding multi-million-dollar construction projects).
Let’s say we find a piece of land with residential potential and we are able to subdivide that land into 50 lots. We exit out of the deal prior to closing and will make on average $10-20K per lot.
At $10K per lot that is $500,000 on ONE deal! This will make a massive impact in your long-term wealth goals!
Now compared to the flix & flip, land deals will average about 18 months per deal. The process takes a bit longer but your return is greater and we are giving you a strategy to build your long-term wealth.
Where do you want to be in 5 years? 10 years? 15 years? What do you want your wealth to look like? If you are interested in more information on what we do and how we do it, the best place to start is by watching our video presentation here: https://shrtlnk.co/KuwiM
Posted by Cody Bjugan - VESTRIGHT on Thursday, October 1, 2020
Let’s talk about land and fix & flips.
Fix & flips are a great business strategy. Definitely not knocking it. Basically, you buy a home at a discounted rate. Spend several months fixing it up, get it back on the market and make a profit.
The average return on a fix & flip in the US is somewhere between $20 and $40K. If you have everything really tight and dialed in, you can potentially hit $40K after all of your expenses. That’s a great profit for most people!
So, let’s say you buy the house, you go through the rehab, you get it back on the market and get it sold. That takes an average of 6 months to make $20-40,000.
If you really want to put a dent into your legacy wealth, fix & flips will require that you do several of them, year in and year out, in order to build for your future.
Now let’s talk about land deals. The beautiful thing about the VestRight strategy is that it focuses on putting together land deals without taking on the big risks of land development (buying land and funding multi-million-dollar construction projects).
Let’s say we find a piece of land with residential potential and we are able to subdivide that land into 50 lots. We exit out of the deal prior to closing and will make on average $10-20K per lot.
At $10K per lot that is $500,000 on ONE deal! This will make a massive impact in your long-term wealth goals!
Now compared to the flix & flip, land deals will average about 18 months per deal. The process takes a bit longer but your return is greater and we are giving you a strategy to build your long-term wealth.
Where do you want to be in 5 years? 10 years? 15 years? What do you want your wealth to look like? If you are interested in more information on what we do and how we do it, the best place to start is by watching our video presentation here.
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