Fritz and Stephan Depenthal are brothers who have very recently gotten started with land flipping. They made the switch from house flipping after seeing how much simpler – and cheaper – flipping land is. In this episode, Jack Bosch discusses their first land deal, going into detail about the money they made and what they’ve learned from the experience.
Getting Started With Land Flipping
The Depenthals have been in the real estate industry for years and started with land flipping after seeing Jack Bosch speak at an event.
Fritz’s wife convinced him to give the Land Profit Generator a try.
“I was at one of the central Florida realty events and happened to walk into your presentation with my wife. And she looked at me and said, ‘You know, that looks like it should be a whole lot easier than building renovations and rehabbing.'”
Working with a coach has been one of the major contributing factors to their success so far. Fritz says that it’s allowed them to multiply and has helped them get started with land.
“We are particularly pleased with the coach that we are currently working with. Let’s say there is a lot to work through, and the coach is tremendously helpful in helping us work through it.”
Their First Deal With Land Flipping
The Depenthals bought their first piece of land for $1354, which is only 25% of the market value. They then, within a reasonably short period, flipped it for $8700. The fantastic thing about this deal – beyond the incredible profit margin – was that it gave them the confidence to continue.
“This deal made our check account balance go up as opposed to down, which I was personally thrilled about.”
They have since gone on to do more deals, so their profits just keep on increasing!
Getting started with land flipping has also meant that they can work remotely, which was difficult before this.
“Our other brother lives in St. Louis. And so this was really the one business that allowed the three of us to work together being geographically distanced as we are.”
- Find out how you can get started with land flipping
- Discover the amazing profits you can make in land
- Understand how its possible to buy and flip land remotely
Mentioned in this episode
- Be the first to book your seat at the next Land Profit MasterClass HERE
- Join the Land Profit Generator Community Facebook Group