Transforming Land Investing with Seller-Financed Notes: Justin Sliva's Expert Tips and Tricks
07/21/20 • 62 min
077: Today we’re talking with Justin Sliva.
(Show Notes: https://retipster.com/77)
Justin has been a rising star in the land investing space over the past couple of years, he and his co-host Adam Southey are running a pretty awesome podcast called Casual Fridays REI.
There are actually a couple of reasons we wanted to talk with Justin. In addition to being a land investor, Justin has also been pretty heavily involved with other people’s land deals. He gets involved by partnering with other investors (contributing cash when others are short on funds) and even buying out existing notes on seller-financed land deals.
This is actually a pretty unique thing because most lenders and note buyers are pretty skittish about land (because it’s difficult to appraise and quantify the value of the collateral), but Justin has found a way to make it work.
In this session, we're going to figure out how this arm of his land business works and how to put together win-win-win scenarios with other land investors.
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⚠️ Land Buyer’s Survival Guide (Free 5-Day Course!)
Avoid the 21 most deadly land-buying blunders
👉 10X Your Income from Land Investing
Learn how to start and supercharge your land investing business
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077: Today we’re talking with Justin Sliva.
(Show Notes: https://retipster.com/77)
Justin has been a rising star in the land investing space over the past couple of years, he and his co-host Adam Southey are running a pretty awesome podcast called Casual Fridays REI.
There are actually a couple of reasons we wanted to talk with Justin. In addition to being a land investor, Justin has also been pretty heavily involved with other people’s land deals. He gets involved by partnering with other investors (contributing cash when others are short on funds) and even buying out existing notes on seller-financed land deals.
This is actually a pretty unique thing because most lenders and note buyers are pretty skittish about land (because it’s difficult to appraise and quantify the value of the collateral), but Justin has found a way to make it work.
In this session, we're going to figure out how this arm of his land business works and how to put together win-win-win scenarios with other land investors.
🙋🏻♂️ Get the REtipster Newsletter (It's FREE)!
Stay updated with top real estate investing insights and strategies
🚀 Land Investor’s Action Plan (Free 5-Day Course!)
Solve the 5 mistakes that keep investors stuck
⚠️ Land Buyer’s Survival Guide (Free 5-Day Course!)
Avoid the 21 most deadly land-buying blunders
👉 10X Your Income from Land Investing
Learn how to start and supercharge your land investing business
😀 Join the REtipster Forum!
Connect with experienced investors and get expert advice.
🛠️ All My Favorite Tools and Resources 🛠️
The best software, services, and gear I use daily
Previous Episode
"Real Estate Ruined My Marriage" - How to Preserve the Most Important Relationships
076: What do you do when your spouse (or your family, friends, significant other, fill-in-the-blank) doesn’t support your entrepreneurial dreams and pursuits?
(Show Notes: https://retipster.com/76)
How can you start or continue this journey when the most important people in your life don’t get it?
Have you ever experienced this before?
There is nothing worse than having a burning desire deep within your soul to accomplish something great, only to have an uber-important person swoop in and blast it to pieces. This kind of rejection can be a miserable experience, but as with anything in life, the way you react to these kinds of obstacles can have a monumental impact on your future.
🙋🏻♂️ Get the REtipster Newsletter (It's FREE)!
Stay updated with top real estate investing insights and strategies
🚀 Land Investor’s Action Plan (Free 5-Day Course!)
Solve the 5 mistakes that keep investors stuck
⚠️ Land Buyer’s Survival Guide (Free 5-Day Course!)
Avoid the 21 most deadly land-buying blunders
👉 10X Your Income from Land Investing
Learn how to start and supercharge your land investing business
😀 Join the REtipster Forum!
Connect with experienced investors and get expert advice.
🛠️ All My Favorite Tools and Resources 🛠️
The best software, services, and gear I use daily
Next Episode
Justin Bogard Explains 13 Things You May Not Have Known About Note Investing
078: Justin Bogard is one of the leading experts in the realm of real estate note investing.
(Show Notes: https://retipster.com/78)
Justin is the president of BrightPath Notes, where he actively buys, sells, and creates real estate notes nationwide.
A note investor is someone who invests in the loan against a piece of real estate.
For example, say a real estate investor buys a property for $40,000 and sells it for $100,000, but they don’t get paid all the cash immediately at closing, they sell it with owner financing. In other words, the seller becomes the bank, and they hold a note with the buyer. The note stipulates that the buyer will owe them the remaining balance of the $100,000 sale price, and lays out the terms of how quickly the money will be paid back and how much interest will be owed, among other things.
If they wanted to, this real estate investor could potentially work with someone like Justin by taking this note for $100,000 and selling it to a note investor for say $75,000 (so, not the full amount of the balance owed, but a discounted portion of it).
The benefit for the real estate investor is that, even though they wouldn’t be getting the full loan balance, they would make the bulk of their money back immediately (rather than having to wait years to get it), and the note investor would receive all the equity in the deal plus the remaining principal and interest for the remainder of the term for the loan (since they bought the note, it's not owed to them). It can be a great solution for both parties when the real estate investor wants their liquidity now and the note investor wants the semi-passive cash flow without doing all the work to find and work the deal.
🙋🏻♂️ Get the REtipster Newsletter (It's FREE)!
Stay updated with top real estate investing insights and strategies
🚀 Land Investor’s Action Plan (Free 5-Day Course!)
Solve the 5 mistakes that keep investors stuck
⚠️ Land Buyer’s Survival Guide (Free 5-Day Course!)
Avoid the 21 most deadly land-buying blunders
👉 10X Your Income from Land Investing
Learn how to start and supercharge your land investing business
😀 Join the REtipster Forum!
Connect with experienced investors and get expert advice.
🛠️ All My Favorite Tools and Resources 🛠️
The best software, services, and gear I use daily
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