Show Notes: https://retipster.com/192-jay-daniel/?utm_source=youtube&utm_medium=social&utm_campaign=podcast&utm_content=XzzLbUMdGwc 10X Your Income from Land Investing: https://welcome.retipster.com/webinar-invite/?utm_source=youtube&utm_medium=social&utm_campaign=podcast&utm_content=XzzLbUMdGwc Join Our Community: https://welcome.retipster.com/newsletter/?utm_source=youtube&utm_medium=social&utm_campaign=podcast&utm_content=XzzLbUMdGwc Jay Thomason and Daniel Earhart have been friends of REtipster for many years now. I first talked with them in episode 50. This is a great place to start if you want to hear their backstory, how long they’ve been in the business, and so on. In this episode, I wanted to learn more about how they’ve been pretty successful at getting bank financing for their land deals. Most land investors have a hard time with this because most banks aren’t interested in lending on residential vacant lots unless the owner has an immediate plan to develop it. When I caught up with Daniel and Jay at the Land UnConference this past year, they were explaining a little bit about how they did this, and I thought the whole REtipser audience needed to hear about this. After all, if we can unlock bank financing and the lower rates that come with the package, this would be a very helpful financing alternative for those of us who don’t have the funds ourselves, don’t want to take out much more expensive hard money loans, and don't want to give away huge amounts of our profit to funders. 00:00:00 - Introduction to Jay and Daniel 00:04:10 - The Right Bank for Land Investing 00:08:09 - How Banks Appraise Vacant Land 00:10:33 - Do Banks Care About the Type of Exit Strategy? 00:13:22 - Building a Relationship With the Bank 00:16:40 - Jay and Daniel’s Pitch Deck 00:22:22 - Identifying Someone With Loan Authority 00:24:05 - Track Record vs. Numbers 00:28:08 - Which Banks Should You Approach? 00:30:30 - How the Loan Is Structured 00:35:35 - Loan Guarantees 00:42:10 - How Big Is Bank Financing for Their Business? 00:48:05 - Cash Injection Do’s and Don’ts 00:50:04 - Networking Advice 00:52:29 - Where to Reach Jay and Daniel #retipster #retipsterpodcast #retipsterblog #sethwilliams #realestate #landinvesting #commercialrealestate #financing #bankloans #investmenttips #podcast #landdeals #realestateinvesting #bankfinancing #entrepreneurship #realestatepodcast