I sat down with Drew Haney, founding father of Rooster Capital, to get an inside have a look at what it’s actually wish to be a land funder. Drew has funded over 700 land offers, and on this episode, he shares his total course of, from vetting operators and managing cash companions to structuring JV agreements and defending in opposition to losses.
Drew additionally opens up in regards to the emotional toll this enterprise can take, why he chooses individuals over earnings, and the way he balances relationships on either side of the deal.
Whether or not you are a land flipper, land investor, or funder, this episode will change how you concentrate on funding land offers.
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Key Takeaways
On this episode, you’ll:
- Be taught why Drew makes use of an escalating revenue cut up construction that adjustments each 90 days as an alternative of the usual flat 50-50 cut up.
- Uncover the hidden stresses of being a land funder that operators by no means see, from scrambling for seven figures in 72 hours to ruined holidays overseas.
- Learn the way Drew’s 5 years of failed day buying and selling unintentionally skilled his mind for probably the most essential psychological ability a funder wants.
- Hear why Drew flies to Alaska for an operator’s child’s celebration and the way this relationship-first method differs from transactional funders.
- Perceive the comparability lure that high-performing buyers fall into and Drew’s unconventional framework for locating identification past achievement.
Episode Transcript
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In regards to the writer
Seth Williams is the Founding father of REtipster.com – a web based group that gives real-world steerage for actual property buyers.
