Location location location. Cheap land is cheap for a reason. And true arbitrage in real estate is generally a stroke of luck, more-so than something that can

Location location location. Cheap land is cheap for a reason. And true arbitrage in real estate is generally a stroke of luck, more-so than something that can be sought out by scouring the country for "deals". Where it can be done, it relies on intensive long term local knowledge, i.e. why real estate agents are still a thing.