Show Notes: https://retipster.com/181-steve-hodgdon/?utm_source=youtube&utm_medium=social&utm_campaign=podcast&utm_content=8qUfThwrzAw 10X Your Income from Land Investing: https://welcome.retipster.com/webinar-invite/?utm_source=youtube&utm_medium=social&utm_campaign=podcast&utm_content=8qUfThwrzAw Join Our Community: https://welcome.retipster.com/newsletter/?utm_source=youtube&utm_medium=social&utm_campaign=podcast&utm_content=8qUfThwrzAw I'm excited to have Steve Hodgdon on the show today. He's a smart guy with years of experience in land investing and real estate. Rather than overpromising, Steve gives straight-shooting advice about the real complexities of this business. We have a free-flowing conversation about some of the less glamorous but oh-so important fundamentals—doing your homework on deals, choosing partners wisely, and how to leverage technology to make better decisions. AI is a big part of the discussion, but he also cautions that the human element is still key to verifying deals, and legwork is still king. Steve's not flashy, but I appreciate his thoughtful approach and how generous he is about sharing hard-won knowledge. Whether you're an operator looking for funding or interested in backing other investors yourself, this chat breaks down some key ideas that any land flipper can apply right away. 00:00:00 - Introduction to Steve Hodgdon 00:04:10 - The Facebook Post: Land Funding That Went Awry 00:08:14 - The Difference Between Partner and Funder 00:12:38 - What Makes a Bad Deal “Bad?” 00:17:51 - The Impact of the Seasons on Appraisal 00:20:11 - Who Makes the Decisions? 00:27:52 - Introducing Steve’s AI Tool: UV 00:30:09 - Typical Due Diligence Process 00:31:46 - Operating an Underwriting Business 00:36:18 - Steve’s Requirements for Financing 00:41:21 - Red Flags in a Deal Partner 00:47:22 - How Much Can AI Do for Due Diligence? 00:52:41 - Does a Funder Run Out of Capital? 00:58:06 - Things to Watch Out For When Looking for a Funder #retipster #retipsterpodcast #retipsterblog #sethwilliams #stevehodgdon #realestate #realestateinvesting #landinvesting #landfunding #realestatepartnerships #sellerfinancing #landduediligence #propertycontracts #landinvestingai #landinvestingcountyrecords #landinvestingpodcast #realestatepodcast #passiveincome #realestatedeals