Learning Notebook - David Rostcheck
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Seth talks about how he got started investing in land and why it was one of the best decisions he’s made. He reveals how to find the best deals in vacant properties and his unique investing strategy for farm land including how to get loans to finance your land investment.
Personal Notes
- Find out of state owners behind in taxes (delinquent tax list, ListSource or AgentPro247, send mail to owners) - Buy residential lots - Research online - Offer 10-20% of value - Flip w/in weeks to months - Also: Buy and lease farmland (to farmer) - Specialized Ag lenders: Greenstone, RuralFirst: 15-20% down, 15-20 year amortization, aim for buy at 50-70% of value, Iowa or IL prime markets - Target 10-12% cash-on-cash - Lowball offers
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