Investors Newsletter – Volume 1
Welcome!
We know exactly what you’re thinking – not another newsletter. Let me be the first to tell you that this one is different. Welcome to the first edition of the Land Investors Newsletter, a monthly online publication coming straight to you from professionals who eat, breathe, and sleep this business. We’ll have industry updates, technology tips, and all other kinds of incredibly valuable information. Whether you’re a seasoned investor or just dipping your toes, we promise you’ll be waiting by your computer for next month’s email.
Most importantly, this newsletter is built for YOU. If you have any feedback, content suggestions, or questions – send us an email!
What is it?
Land Academy Deal Funding is a place for interest-free, quick, simple deal means. Open to members (and *currently* non-members), it is a way to get a quick deal review and obtain 100% of the cost to fund the property and close the deal. You find the property, manage the purchase, the marketing, & the sale. At the end, we split the profit 50/50.
Here’s how it works:
Find and lock in a deal with a signed purchase agreement.
Submit to us via the Deal Funding form found on LandInvestors.com. Be sure to submit any pertinent information, comps, or lists (spreadsheets) for multi-parcel acquisitions.
We quickly review and respond with one of three outcomes:
1) We love the deal and are ready to go.
2) We need more information (maybe access questions or your marketing strategy).
3) We pass on the deal as “not met our acquisition criteria” & typically suggest posting on LandTank.
Next, our team will work with you (as “manager”) through the open/close of escrow, keep in touch during sale process, and assist at final close and funding.
Finally, the manager gets paid 50% of the net profit directly out of escrow.
How do I get a deal approved?
Do your own due diligence before submitting. Make sure it passes all of your tests and that you would buy it, regardless of funding source. Submit any supporting information you have gathered in your review process to speed along our deal review. Finally, have a website and solid plan to market/sell the property.
How can this grow my business? (as a new or PRO investor)
Using someone else’s money to fund a deal is great for two reasons: 1. You are not limited to what you can afford when you are out of acquisition funds OR you want to acquire more expensive properties. 2. You can be doing double the deals since your acquisition funds are still in play acquiring even MORE property.
Have questions? Feel free to reach out to us at support@landacademy.com
Offers2Owners has had an INCREDIBLE month. We just mailed 280,000+ letters in the last 3 weeks. This resulted in our clients purchasing over 1400 properties – with some of them reporting! Direct Mail continues to dominate in helping investors succeed. With the cheapest rates, no set up fees, and free mail merge assistance, you don’t need to think twice before sending mail – whether it is your first campaign or you are looking to increase your mailing volume.
Check out this great information from our very own S. Jack Butala! We’re excited to bring you a valuable stat from him each month.
He says – “Days on Market” are continuing to slightly rise, nationally. Fellow land investors, proceed, but it’s important to be cautious and aware of these trends.
Land Academy Member Updates
Don’t forget to take advantage of the huge price break/discount you get as a LandAcademy Member! Log in to view the member pricing on Offers2Owners using the password found on your Land Academy Member Dashboard.
Check the Message Center! This is where we post weekly call information, any important updates, special deals for members, and all kinds of exciting information! You can find it – you guessed it – on your Land Academy Member Dashboard.
This month’s question came from Ben C. over on Land Investors.
He asks – “Do you have a preference between mailing tax delinquent lists or normal mailing lists? Do you get a better response percentage for those that may target tax delinquent lists, and how many years of delinquency do you look at…?”
Check out Jill and Steven’s answer to this question that we get asked pretty frequently on our podcast HERE.
Today, we want to draw attention to our very own Justin Sliva!
Justin is an incredible example of what exactly is possible in this business, and we couldn’t be more excited for his amazing successes. He is growing his business, making great connections, and he’s even moved on to funding deals for himself!
Check out Justin’s latest special appearance on our podcast “Finance Fridays” HERE.
Site Updates – LandTank.com currently has 11 deals available to partner on and they go fast! If you haven’t checked them out yet, don’t delay! Only Land Academy members have the ability to request funding or fund deals. Register for membership HERE.
Under Construction – Get Ready! HouseAcademy.com membership and a new & improved dedicated online community are coming together quickly! We’re also in the process of speeding up ParcelFact.com, improving the mobile experience and putting an end to the pesky recurring charges. Expect to see additional features coming soon!
IT TIP – Is your land selling website loading slower than usual? Often times that’s due to the quantity of large images uploaded for each property. Try WPMU Dev’s offering of FREE plugins like Smush and Hummingbird that can help compress your images and optimize your website for maximum performance.
Hump Day Special Is Back
Due to popular demand, each Wednesday we will be bringing you a great piece of property from our inventory at a super low price ONLY available to our email list. We’re giving away these properties at a huge discount (way below the price we have them listed for) so that we can give others a great opportunity to get their feet wet, or just flip a nice property!
We’ve already had two weeks of these specials go out – and the response has been incredible.
Our first week, we sold a property for $800 in less than ten minutes – it had lowest-priced comps being sold for $1800-$2300.
Last week, the property sold for $400 BEFORE the email even finished being delivered. That property had lowest-priced comps for $2000-$2900!
To make sure you don’t miss out on the Hump Day Special, sign up for our Platinum Seller’s Club list HERE.
State Real Property Guidelines
After a buyer and seller agree on price and terms of the sale of real property, and due diligence has been completed, take the following basic steps to record the transaction (when a title, escrow or attorney are not involved).
Please note: As of this writing, smaller escrow/title companies are cropping up all over the country. It’s becoming more feasible to complete a transaction through a professional organization vs. at your coffee table.
- Contact the county recorder where the property is located and ask them how they prefer the transaction be completed. What document they prefer and where you can find both a blank copy as well as a completed example of a deed done correctly. In most cases, the recorder will be overjoyed that you care enough to do this correctly the first time. You may also ask them if they have the name of a closing professional or two (title/escrow/lawyer) in the immediate area of the county building with whom you can complete the transaction as an alternative.
- If necessary, complete a DRAFT version of the document and submit it to the recorder for their review. Note any changes suggested or requested.
- Most states require an addendum or affidavit attached to the deed that notifies the assessor that a change of ownership has occurred so they can adjust the assessment accordingly. These documents are state specific and can vary from county to county. Make sure to ask the recorder where to find these forms also. For example, in CA, it’s a PCOR, in CO it’s a TD-1000, in AZ it’s an Affidavit of Property Value and in NM these is no such attachment.
- When satisfied the document(s) are correct, contact a notary in the immediate area of the seller, to a) receive the executable documents from you b) meet the seller and deliver the notarized documents in exchange for a cashier’s check c) return the executed documents to you, the buyer, so you may send them in for recording.
ALABAMA
Attorneys and title companies handle closings. Conveyance is by warranty deed. Mortgages are the customary security instruments. Foreclosures are non-judicial. Foreclosure notices are published once a week for three weeks on a county-by-county basis. The foreclosure process takes a minimum of 21 days from the date of first publication. After the sale, there is a one-year redemption period. Alabamans use ALTA policies to insure titles. Buyers and sellers negotiate who is going to pay the closing costs and usually split them equally. Property taxes are due and payable annually on October 1st.
ALASKA
Title companies, lenders, and private escrow companies all handle real estate escrows. Conveyance is by warranty deed. Deeds of trust with private power of sale are the customary security instruments. Foreclosures take 90-120 days. Alaskans use ALTA owner’s and lender’s policies with standard endorsements. There are no documentary or transfer taxes. Buyer and seller usually split the closing costs. Property tax payment dates vary throughout the state.
ARIZONA
Title companies and title agents both handle closings. Conveyance is by warranty deed. Whereas deeds of trust are the security instruments most often used, mortgages and “agreements for sale” are used approximately 20% of the time. Foreclosure depends upon the security instrument. For deeds of trust, the foreclosure process takes about 91 days. Arizonans use ALTA owner’s and lender’s policies, standard or extended, with standard endorsements. The seller customarily pays for the owner’s policy, and the buyer pays for the lender’s policy. They split escrow costs otherwise. There are no documentary, transfer, or mortgage taxes. The first property tax installment is due October 1st and delinquent November 1st; the second half is due March 1st and delinquent May 1st. Arizona is a community-property state.
Some incredible things are being done on LandTank and in Deal Funding right now.
Check it out –
We just closed on a property that we partnered with a Land Academy member on (we funded 100%).
This property was bought for $9900, and sold for $25,000!
We’re working on another that should close shortly – we funded a member and bought the property for $50,000. We expect to sell it for $350,000!
This is what it’s really all about. We’re stronger together.
We have a daily podcast (weekdays) where we share land investment and real estate business achievements, answer questions, give valuable tips, and talk everything “land”.
We just finished a week all about Data Usage – watch the episodes below!
Where to get Mobile Home Data Because its Not Real Estate (LA 947)
Finance Friday with Steven, Jill & Justin (LA 948)
Hungry for more? Check it out below.
If you aren’t a member yet – why not? We would love to have you “in our corner.” Visit LandAcademy.com for more information on joining or to schedule a call with our team.
If you want an opportunity to attend one of the weekly closed member calls to get a taste of what we’re about, send an email to support@landacademy.com