For a first land wholesaling deal, a small in town lot or a large raw tract, which teaches more

Land wholesaling appeals to a lot of people precisely because there is no rehab in it, no construction knowledge required. But the two shapes of a first deal teach very different lessons. An infill lot in a built up area, maybe a quarter acre, water and sewer at the street, sold to a small builder who already works that block. Purchase might run 20k, the fee is small, and the whole thing can turn in a few weeks because everyone already knows what the lot is worth. A large raw tract an hour out, no utilities, access maybe by easement, sold to a recreational buyer or someone planning to split it. Purchase could run 60k, the fee is much larger, and the marketing timeline can stretch to months. Land generally moves slower than houses, and large raw tracts are where that shows up hardest. The case for the lot: contract to close mechanics get learned fast with less capital at risk. The case for the tract: the real money in this business is in the complicated deals, and starting with an easy one only teaches what an easy deal looks like. Neither case is wrong, which is exactly why this is worth working through before committing capital to either.