5 • 681 Ratings
🗓️ 9 May 2023
⏱️ 28 minutes
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0:00.0 | Do you want to escape the nine to five? |
0:07.0 | Or do you want the freedom to work when you want, where you want, and with whom you want? |
0:12.6 | The Art of Passive Income podcast explores opportunities for you to achieve total freedom |
0:18.9 | so you can live life on your own terms. |
0:22.6 | And now, here is your host, Mark Podolsky, from The Land Geek. |
0:30.1 | Hey, it's Mark Fadolski, The Land Geek, with Friich Real Estate website, thelangkeek.com. |
0:35.0 | And on this week's Art of Passingica podcast, I'm really excited to |
0:39.4 | introduce you to Pete Reese, who is the president of Realvest Properties, a land development |
0:47.3 | and investment company with 20 years, over 20 years of real estate experience as a broker and |
0:54.0 | investor, Pete has successfully |
0:56.0 | purchased and sold hundreds of pieces of real estate for a profit over the years for himself |
1:00.7 | and on behalf of his clients. He did 3.5 million in revenue in 2022 with his land slipping |
1:06.9 | and development business and he's pushing to do 10 million this year. Pete's always |
1:11.6 | looking for his next deal, including his long-time dream of his own private island. Pete, |
1:18.6 | Reese, welcome. Well, thanks for having me, Mark. I really appreciate it. Yeah, yeah. So let's just |
1:25.0 | rewind the tape. And how did you get into real estate? Well, I got into real |
1:32.1 | estate kind of way back when, you know, we bought our first home in 2000, myself and my wife, |
1:38.6 | bought it with an FHA loan, three and a half percent down. Home needed a little bit of work. |
1:43.3 | So that was kind of our first experience with doing little elbow grease on a property |
1:47.6 | to kind of improve the value. |
1:49.7 | I did a lot of the renovations myself, all of the renovations myself. |
1:53.7 | They weren't so great, but they actually did improve the value of the property a little bit. |
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