Land Flipping
You buy land for a low price and optimize the land by cleaning up the land and making necessary imporvement to the land attractive. Sell it for more than what you paid, make a profit, and go with another land. The main difference between land flipping and house flipping is that you can divide the land into a separate piece and sell it separately. Road frontage and utility services are essential when you choose to buy vacant land.
Land Development
Land development is generally a more profitable and lengthy process and needs to work with many third-party professionals to complete the tasks. The development can easily take years to complete, depending on the project’s scope.