In this episode, the geeks take a comprehensive view of the pros and cons of charging a low down payment on land deals.
Joining Mark are:
- Erik Peterson
- Teria Harris
- Tate Litchfield
- Scott Todd
They talk you through the answers to:
- If the lower the payment the easier the sale, why don’t we do it all the time?
- When does this approach make sense?
- Does it increase the chances of loan default?
- What systems do you need in place to have success with this strategy?
- Does it affect your workload?
- Are there other unintended consequences?
Mark also poses the idea of low down payments as part of a brand strategy.
TIP OF THE WEEK
Scott:
If you’re having a problem with FaceBook marketplace kicking you off and banning you, then get a subscription to landmodo.com.
Mark:
Use ChatGPT to enhance your headlines when posting on Landmodo and don’t cheap out on your Landmodo subscription. I always say marketing is an investment.
WANT TO LISTEN MORE?
Did you enjoy this episode? If you did, check out another AOPI episode to learn if credit card payments are acceptable on a cash sale.
Are you ready to learn more about land investing? Just click HERE to schedule a call.
Isn’t it time to create passive income so you can work where you want when you want, and with whomever you want?