From Nuclear Submarines to 400 Land Deals with Justin Piché
Justin Piché spent five years as a nuclear submarine officer before walking away from an engineering career at ExxonMobil to buy raw land. He has now closed over 400 deals.
His model is simple to describe and unglamorous to execute: buy a large rural tract, split it into smaller parcels, and sell those to buyers who want land without the price of a finished home. The margin comes from arbitrage — a 50-acre tract at $5,000 an acre is worth double as 10-acre lots at $10,000.
Justin walks through exempt splits, the provision in many county codes that allows a division with nothing more than a…
The skinny
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