🎙️ Welcome Back to The Ground Game Podcast! 🎙️
In this episode of The Ground Game Podcast, hosts Clay Hepler and Justin Piche dive deep into the essential topic of funding and financing land deals. They explore various strategies and methods that can help investors maximize their profits while minimizing costs.
Key Highlights:
- Quarterly Goals Update: Clay shares insights into his recent challenges with pipeline revenue and the importance of sticking to processes, while Justin discusses his success in realizing significant gross profits over the past weeks.
- Team Building Tactics: Clay introduces the concept of Performance Improvement Plans (PIPs) as a structured approach to support underperforming team members, emphasizing the importance of clear expectations and accountability.
- Creative Financing Strategies: The hosts discuss various funding options, including cash purchases, funding partners, bank financing, hard money loans, and the innovative approach of setting up a limited partnership for funding deals. They weigh the benefits and drawbacks of each method, providing valuable insights for both new and experienced investors.
- Real-World Deal Review: Justin shares a recent experience with a property in Georgia that involved navigating timber conservation status and rollback taxes, highlighting the importance of due diligence in land transactions.
- Tech Tools for Efficiency: Justin introduces a new tool, Texting Betty, which integrates with Follow Up Boss to automate text messaging, enhancing communication and follow-up processes in their land investing business.
This episode is packed with actionable advice and real-world examples that can help you elevate your land investing game. Whether you're just starting out or looking to refine your existing processes, this conversation is a must-listen!
Hosts:
- Clay Hepler: A seasoned real estate entrepreneur focused on building an eight-figure land flipping and development business.
- Justin Piche: A former US Navy submarine officer turned real estate entrepreneur, dedicated to building high-performing teams.
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