The REtipster Podcast | Land Investing & Real Estate Strategies
How Loan Rangers Jay Thomason and Daniel Earhart Wrangle Bank Financing for Land
Sep 10, 2024
Jay Thomason, a bank financing expert, and Daniel Earhart, a seasoned land investor, share their secrets to successfully navigating bank loans for land purchases. They discuss the common difficulties in securing financing and emphasize the importance of building relationships with local banks. The duo delves into appraisal nuances and outlines strategies to showcase financial credibility. They highlight networking's power in the land business, stressing how personal connections can unlock valuable opportunities. Tune in for actionable insights that could transform your financing approach!
56:53
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Quick takeaways
- Automating loan servicing significantly eases the management burden for landowners by streamlining 95% of ongoing loan-related tasks.
- Building personal relationships with local bankers facilitates easier approvals and faster decisions on financing for land investors.
Deep dives
Automated Loan Servicing Benefits
Automating loan servicing significantly reduces the burden on landowners, allowing for a more efficient management process. With automated systems, 95% of the ongoing work related to loan management, including payment collection and statement updates, is streamlined. The ease of setting up new loans means that landowners can start accepting payments in under ten minutes. This technological advantage also extends to quick onboarding for borrowers, enhancing overall customer satisfaction.
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