2 years ago

Show Notes: https://retipster.com/160-jt-olmstead/?utm_source=youtube&utm_medium=social&utm_campaign=podcast&utm_content=U35kvIClO9I
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Today, I'm talking with JT Olmstead, the brilliant mind behind the innovative platform YourLandLoans.com.

Navigating land investments with seller financing can be a complex and challenging task. Errors can be expensive and cause a lot of headaches for investors. JT understood this problem all too well and decided to create a solution for it. The result is YourLandLoans.com, a website dedicated to automating and organizing payments for land investors who sell their properties with owner financing.

In this informal discussion, JT explains how his software works, how much its costs, and who stands to benefit the most from it. We'll also explore why this software is a big deal in the land investment industry!

0:00 - Intro
1:29 - Background of Your Landloans.com
5:08 - Payment Processing and Features
9:47 - Working with Third-Party Companies
12:15 - Using Credit Cards vs. ACH Payments
13:05 - Requirements for ACH Payments
15:17 - Collecting Down Payments
18:34 - Lender and Borrower Accounts
22:19 - Creating a New Loan
24:01 - Loan Management
27:12 - Late Payments
29:23 - Adding Late Fees
33:54 - Payment Recording
35:03 - Setting Up Recurring Payments
36:05 - Automatic Payment Process
41:55 - Loan Documents and Transferring Loans
45:13 - User Feedback
46:53 - Introduction to the Platform
47:44 - Platform's Future
49:01 - Feedback and Future Features
49:49 - User Interface and Navigation
50:53 - Platform's Target Audience