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Are you going to get 3 times the current price of the land consistently doing this? Probably not.

Can it increase the price a little bit? Yes.

A lot of it will come down to who can buy the land, if it’s just random $10k properties in the woods, you may be able to land some random customers who will pay $30k because you brought it to their attention.

If it’s $200k properties you’re trying to flip for $600k, it’s very unlikely to ever happen.

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amksenin@lemmy.world ⁨1⁩ ⁨day⁩ ago

if it’s just random $10k properties,

For my case, that number is $5k

you may be able to land some random customers

I’d need 50 customers at that price

in the woods

Climate is dry so there is no such thing as “in the woods” here. “In the woods” areas are valuable here (at least emotionally). People drive for 2 hours to go to such areas here for picnic

The problem IMO is differentiating the land from alternatives. Otherwise people wouldn’t pay 3x or even 2x probably. Why would they?

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- BlameThePeacock@lemmy.ca ⁨1⁩ ⁨day⁩ ago
  I’m going to go out on a limb here and say you’re not in North America. I don’t think there’s anywhere you can buy land for $5k in a city around here. This changes things unfortunately,
  
  For smaller values of land you want it to be more of an impulse purchase rather than logical one.
  
  If you’re in a country where $15k is a substantial sum of money, then this simply won’t work.
  
  If you want this to work you need customers who won’t even bother comparing it to other properties, you need to make it easy for them to see way more than $15k of value for their life (camping, relaxing, sporting, etc.) and make it REALLY easy for them to buy.
  
  Scam or not, you should at the Timeshare industry as an example of how this is normally done.
  
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  - amksenin@lemmy.world ⁨1⁩ ⁨day⁩ ago
    
    If you’re in a country where $15k is a substantial sum of money, then this simply won’t work.
    
    Price per Square Meter to Buy Apartment Outside of Centre – $1500/m2 Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) – $45K International Primary School, Yearly for 1 Child – $12K
    
    I think there is enough wealthy people in the city.
    
    Btw $5K land would be priced at $20/m2. It is the current market rate
    
    way more than $15k of value for their life (camping, relaxing, sporting, etc.)
    
    I thought about offering things like free monthly massages, gardening lessons, community events, weekly dinners, etc but I think most people just want to be left alone. I think most value I can create is by making the land look pretty. But I might be wrong. Any ideas on that?
    
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