Turning Profit

Pete and Heather Reese
  • 4.6 (29)
  • Investing
  • Updated Weekly

Welcome to Turning Profit — a podcast for people who love real estate! To learn more, visit turningprofit.com. Hi there! We're Pete and Heather Reese, and on this podcast, you’ll learn the business models and skills that professional real estate investors use to make money and build wealth. We leave no stone unturned as we share details about our own deals and experiences. Our interviews feature some of the smartest people in the industry so you can learn and grow your own real estate investment business. Be sure to give us a follow, so you never miss an episode!

  1. How We Built Our Land Flipping Business

    05/15/2025

    How We Built Our Land Flipping Business

    In this episode of the Turning Profit podcast, we discuss everything you need to know about our land investing business. Many of you have asked us questions about it, so we’ll be covering all the basics and giving you the answers you’ve been asking for. What is it? How does it work? And how can you start doing it? We answer all these questions (and more!) in this episode, so tune in now to learn how to get started. Key Takeaways: Introduction (00:00) Let’s go back to the beginning (01:01) A quick overview (07:52) How we purchase our properties with funding partners (19:32) “It’s not about top dollar, it’s about moving quickly” (25:36) Is land investing right for you? (32:07) 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!

    47 min
  2. Land Buying 101: Our Script for Asking Sellers Questions

    05/01/2025

    Land Buying 101: Our Script for Asking Sellers Questions

    In this rerun episode of the Turning Profit podcast, Heather and I share the scripts we use to ask sellers questions before buying land. Separating the bad deals from the good deals and the good deals from the truly great ones takes a lot of work and a lot of questions. Lucky for you, we’re here to share our knowledge! We cover everything from something as simple as "What can you tell me about the land?" to more important questions like "Is there any money owed on this property?" Tune in now to discover all of the questions we ask land sellers before deciding whether or not a deal is worth pursuing. Key Takeaways: Introduction (00:00) What’s in the news, Heather? (01:43) Today’s subject (23:02) The questions you need to ask sellers (24:06) Answering some questions from our community (48:28) 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!

    59 min
  3. 7 Hidden Opportunities in Land Investing

    04/24/2025

    7 Hidden Opportunities in Land Investing

    In this week’s episode of the Turning Profit podcast, Heather and I discuss hidden opportunities within the land investing space. We cover unique investment niches such as easement properties, landlocked properties, and flood zone properties, emphasizing creative problem-solving and strategic marketing. If you want to learn more about maximizing value in the land investment market, this episode is for you. Key Takeaways: Introduction (00:00) Hidden Opportunities in Land Investing (00:35) Easement Properties: Unlocking Potential (02:09) Navigating Landlocked Properties (08:00) Investing in Flood Zone Areas (12:20) Understanding Flood Zone Risks (15:02) Navigating Title Issues in Land Ownership (15:25) Creative Problem Solving in Real Estate (19:49) Leveraging AI for Real Estate Solutions (22:15) Building a Brand Around Unique Properties (24:44) Opportunities in Commercial and Industrial Land (27:32) Introducing Sunland America (29:10) Private Lending Opportunities (30:13) Conclusion (31:00) 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!

    31 min
  4. How Will Tariffs Affect Land Investing?

    04/10/2025

    How Will Tariffs Affect Land Investing?

    In this week's episode of the Turning Profit podcast, Maddie and I discuss the implications of tariffs on the land investing market. We explore how tariffs and the potential retaliatory measures can influence construction costs, agricultural land values, and overall consumer confidence. Our conversation covers various aspects such as higher construction costs, inflationary pressures, and the potential for increased value in industrial land. We wrap up by emphasizing the importance of staying informed and employing due diligence in these uncertain times. If you want to learn more about how tariffs can affect land investing, this episode is for you. Key Takeaways: Introduction (00:00) Current Events: The Impact of Tariffs (00:19) Understanding Tariffs: A Basic Explanation (01:25) Effects on Land Investing: Higher Construction Costs (04:02) Agricultural Land: Retaliatory Tariffs and Reduced Demand (06:26) Inflationary Pressures: Higher Interest Rates and Borrowing Costs (08:31) Industrial Land: The Shift Towards Domestic Manufacturing (10:25) Erosion of Consumer Confidence (13:51) Downstream Effects of Real Estate Crashes (14:34) Regional Economic Impacts (16:34) Opportunities in a Changing Market (17:54) The Importance of Due Diligence (23:28) Conclusion and Investment Opportunities (26:40) 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!

    28 min
  5. Updates On Our New Solar Business

    04/03/2025

    Updates On Our New Solar Business

    In this week’s episode of the Turning Profit podcast, Maddie and I discuss our new business venture, Sunland America, an early-stage solar farm development company. We explore the steps we're taking to build the company, focusing on community-scale solar farms, and discuss the key aspects and challenges of the solar development industry. We also highlight our unique approach, including leveraging our expertise in land acquisition and the importance of a robust project pipeline. If you want to learn more about starting and scaling a solar farm development company, this episode is for you. Key Takeaways: Introduction (00:00) Introducing Sunland America (00:39) Understanding Community Scale Solar Farms (01:09) The Process of Securing Land for Solar Projects (03:45) Stages of Solar Farm Development (06:16) Federal Incentives and Tax Credits (08:20) Business Strategy and Investor Opportunities (13:51) Building a Modern, Decentralized Company (19:12) The Benefits and Challenges of Remote Work (20:54) Leveraging Technology and AI in Recruitment (21:20) Establishing the Company and Initial Steps (22:16) Investor Meetings and Fundraising Efforts (23:39) The Importance of a Strong Project Pipeline (25:11) Recruiting Top Talent for Success (28:37) Final Thoughts and Future Prospects (31:51) How to Get Involved and Closing Remarks (36:07) 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!

    38 min
  6. 25 Years of Real Estate Mishaps and Mistakes

    03/27/2025

    25 Years of Real Estate Mishaps and Mistakes

    In this week’s episode of the Turning Profit podcast, Heather and I discuss our 25-year journey in real estate investment, sharing some of our stories of success, crazy mishaps, and valuable lessons learned along the way. We delve into specific experiences such as navigating the Great Recession, dealing with hostile neighbors, and managing a motel venture gone awry. We also reflect on challenging moments like dealing with abandoned goats, hurricane damage, and bank foreclosures, emphasizing the importance of treating real estate as a business. If you want to learn more about the ups and downs of real estate investment, this episode is for you. Key Takeaways: Introduction (00:00) 25 Years of Real Estate Experience (00:30) Navigating Real Estate Market Changes (00:52) Adventures in Property Flipping (01:49) Challenges with Neighbors and Regulations (02:53) Lessons from a Bad Investment (12:48) The Wisconsin Motel Project (19:53) Discovering the Perfect Place (23:57) Challenges of Doing Business in California (24:14) Seasonal Shutdowns and Contractor Issues (24:32) Unexpected Costs and Financing Decisions (25:04) Deciding to Sell the Property (26:25) Marketing and Selling the Property (27:17) Reflecting on the Losses and Lessons Learned (28:17) The Dark Days of REO Experience (29:38) Crazy Situations in Real Estate (30:56) Tornado Aftermath and Unexpected Challenges (44:39) Opportunities in Solar and Final Thoughts (47:06) 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!

    49 min
  7. 5 Business Ideas for Vacant Land

    03/20/2025

    5 Business Ideas for Vacant Land

    In this week’s episode of the Turning Profit podcast, Heather and I explore various creative business concepts that can transform vacant pieces of land into profitable ventures. We discuss five unconventional business ideas, while also delving into practical steps such as zoning, site preparation, marketing strategies, and the importance of understanding business numbers to ensure profitability. Additionally, we share how we’re applying these principles to our new business venture. If you want to create profitable uses for your vacant land, you don’t want to miss this. Key Takeaways: Introduction (00:00) Five Business Ideas for Vacant Land (00:35) Vintage Market: A Unique Business Idea (01:55) Pumpkin Patch and Christmas Tree Farm (11:18) Active Outdoor Business Ideas (20:14) Understanding Your Market and Revenue Potential (23:01) Infrastructure and Hidden Costs (24:00) Launching Sunland America: A New Venture (24:58) Renting Parking Spots for Revenue (27:30) Creating a Premium Dog Park (32:54) Honorable Mentions and Creative Ideas (37:27) Final Thoughts and Investment Opportunities (44:28) 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!

    46 min
  8. Land Investing vs. Rentals? The Truth Nobody Talks About

    03/13/2025

    Land Investing vs. Rentals? The Truth Nobody Talks About

    In this week’s episode of the Turning Profit podcast, Heather and I discuss strategies for achieving exponential growth, particularly through the key concepts from Dan Sullivan's book “10x is Better than 2x.” We explore various points from the book and how adopting a 10x mindset can lead to radical business innovation. We also cover the surprising benefits of gene-edited bananas, the merits of bootstrapping versus taking on investors, the impacts of daylight saving time, and a detailed debate about the pros and cons of rentals versus land investing. If you want to learn more about achieving massive growth while managing the intricacies of different investment strategies, this episode is for you. Key Takeaways: Introduction (00:00) Today's Agenda: Key Topics Overview (00:22) 10x is Better Than 2x: A Deep Dive (00:31) The 10x Mindset: Key Takeaways (01:43) No More Brown Bananas: A Technological Breakthrough (15:16) Bootstrapping vs. Taking on Investors (18:10) Investor Opportunities and Excitement (22:56) Daylight Savings Time Debate (25:29) Rentals vs. Land Investing: The Great Debate (30:40) Final Thoughts and Contact Information (44:41) 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!

    46 min
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4.6
out of 5
29 Ratings

About

Welcome to Turning Profit — a podcast for people who love real estate! To learn more, visit turningprofit.com. Hi there! We're Pete and Heather Reese, and on this podcast, you’ll learn the business models and skills that professional real estate investors use to make money and build wealth. We leave no stone unturned as we share details about our own deals and experiences. Our interviews feature some of the smartest people in the industry so you can learn and grow your own real estate investment business. Be sure to give us a follow, so you never miss an episode!

Information

  • Creator
    Pete and Heather Reese
  • Years Active
    2022 - 2025
  • Episodes
    131
  • Rating
    Clean
  • Copyright
    © All rights reserved.
  • Show Website
    Turning Profit