Selling Vacant Land Notes with Rick Allen from PaperStac 1267
Here, I\u2019m talking about something I don\u2019t know if we\u2019ve ever discussed on the show before: flipping, buying, and selling vacant land notes. There are tons of people out there doing vacant land deals just for the cash flow or for the notes. If you don\u2019t know what a note is, you\u2019re in the right place. Rick Allen, from a company called Paperstac, dives into everything you need to know right here.
In simple terms, a note is basically a piece of paper with a promise on it to pay back a certain amount of money with payments over time. A lot of folks who buy and sell vacant land will sell the land on owner financing. When you do that, you create a note, which you can also sell. Knowing this, you can wholesale a deal and make five to 10 grand on it. There\u2019s big demand for buying properties on owner financing and creating notes, and there\u2019s also big demand from private note investors who will want to buy them.
What\u2019s Inside:
\u2014All about Rick\u2019s company, Paperstac.
\u2014Why notes make sense for vacant land deals.
\u2014How to make a profit selling notes.