In this episode of the REtipster Podcast, I talk with David Hansen, Arturo Paturzo, and Emanuel Wijkhuisen, three real estate investors who teamed up to take on a high-stakes land entitlement project in Alabama.
This deal was originally meant to be a simple land flip, but they quickly pivoted into a full-scale platted subdivision. They faced many challenges: a shady real estate agent, a ghosting engineer, hidden wetlands, last-minute developer surprises, sewer quotes jumping by $150K, and even a paved road that mysteriously appeared just before closing.
We dive deep into their process, what they learned, and how they turned a risky $250K investment into nearly $600K in profit without ever building a thing.
If you’re curious about how land entitlement deals work, how to work with builders and developers, or want to hear a wild real estate story packed with lessons, this one’s for you!
Before
After
Links and Resources
Key Takeaways
In this episode, you will:
- See how a simple land flip can turn into a full subdivision project after a closer look at the property.
- Learn why a weak purchase contract creates major delays and how to write one that holds up.
- Understand how investors spend $250,000 on a deal they don’t own—and why they move forward anyway.
- Find out how a listing agent and a missing MLS post create big problems early in the process.
- Learn how wetlands and soil types affect land use and why a $500 desktop review helps avoid costly surprises.
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About the author
Seth Williams is the Founder of REtipster.com – an online community that offers real-world guidance for real estate investors.
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