JF3639: Turning 200 Acres into High-Yield Land Notes, Navigating Texas Land Development, and Structuring Profitable Deals ft. Rick and Crystal Rumer
Aug 21, 2024•35 min•Season 1Ep. 3639
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Episode description
Rick and Crystal Rummer, real estate investors at Texas Secured Notes, discuss their experience in originating and selling land notes. They share their background in real estate investing and how they transitioned to focusing on land notes. They explain their process of buying large tracts of land, subdividing them into smaller ranchettes, and selling them through owner financing. They discuss the criteria they look for when purchasing land and the importance of road frontage and access. They also highlight the role of third-party servicers in managing the notes and the importance of proper underwriting and documentation. They share lessons learned and the challenges and opportunities in the land note business.
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