Ep. 68: Land Flipping Secrets - How to Start Investing on a Budget (Guest Jantzen Young - Private Money Institute)
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Have you ever thought about investing in real estate? Does the idea of flipping property intrigue you? Are you wondering how to fund your retirement?
In this episode of Get the Balance Right, we will address all of this and more. To discuss this topic we are joined by the smart and savvy Jantzen Young. After working in financial services for 14 years, she started to invest in real estate. She quickly became a successful land flipper and coaches others to do the same. Jantzen is known on Tik Tok by her moniker Flipping Without Rehab. Jantzen and her husband Steven, are the co-founders of the Private Money Institute.
In this episode Jantzen shares many of her tricks, tips and secrets for making serious bank through passive income. The information Jantzen provides in this discussion will blow your mind. She lays down some killer tactics that you’ve probably never heard before. Whether you are a real estate genius or just curious about this subject, I think you will get massive value out of this conversation.
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From this Episode:
Heather: “Jantzen Young. Welcome to Get the Balance Right podcast.”
Jantzen Young: “Thank you. Nice to be here.”
Heather: “On the internet I noticed that you go by the name Jazz is that right?”
Jantzen Young: “I do. It's, funny because at this point I changed it so many times, people that knew me as a child, I'm still Janssen people that knew me in college and high school, I'm Jazz. And now in my professional world is Jantzen again, so just by my name, I can tell where I'm supposed to remember you from.”
Heather: “I like it, Jazz is very fun though.”
Jantzen Young: “Yep. We can go with Jazz. That's cool.”
Heather: “You are a real dynamic woman. I love talking to people that have all these different interests. You've had a long line of education, which I absolutely adore. I was looking at your LinkedIn bio and I'm like, wow, this lady has got a lot going on. we're going to try to unpack quite a bit of this today.
And then dive into the topic which we're going to be talking about, flipping lands. Which you've gotten into kind of, I think more recently, before we dive into all that, could you tell the audience a little bit about yourself and your journey of how you got to where we are today?”
Jantzen Young: “Sure. No, I'd love to. I'm a Florida girl born and raised and I spent most of my childhood in the church and that was what I knew. We Slept and drank everything there so faith is the center of my community as well as my religious identity. In college.
I always looked at my parents as the role model as to what I wanted to be when I grew up. I didn't know much. I had to knew that my dad put on a suit and tie and went to work and I figured maybe I should wear a suit and tie and go to work every day. Banking seemed like the thing that people do.
So I accidentally fell into that world. And, with that, I started a 13 year career in financial services with the same company that picked me up out of college. I fell into one and that was my entire experience.“
Heather: “That's a lot of longevity. People don't stay at jobs very long anymore. So that's really cool. I personally think that's pretty admirable. like to me, it's once you get in the trenches, then you really get to learn things. I don't understand how people jump around to different jobs, how they really get to learn much how did you go from this financial background then to flipping land? Was there something with COVID or what happened? A lot of people did some pivots during COVID.”
Jantzen Young: “Yeah, no, and I was definitely one of them, but, land happened quite while before that. I have to say the longevity that I had with my former employer was really because they did a great job of investing in their management and teaching people how to manage. And they weren't one of those companies that rewards you for breathing for a long time, they really invested a lot in.
We're not going to promote you just because you're the longest person on the team, we're going to promote you because you have real drive to coach and manage other people. And if they see that they do a really good job of helping you build up those skills. And I'm a living testament. A lot of millennials sometimes, are famous for hopping all over the place.
I know the next generation behind me is just, they're ready to go out the gate, they're not trying to commit too much. If you are running a business or looking to run a business, that's something we really need to think about how do you lead? And how do you teach others to lead?
And that will create loyalty that will span my case more than a decade. that question, how did I end up in real estate? We were sitting in a town hall one day and my CEO had mentioned that he just come back from vacation and it was really a special one for him.
He had just gone to machu picchu with his daughter who was in college and it was really special because it was the first vacation he had taken in five years.”
Heather: “Wow.”
Jantzen Young: “Yeah, it was one of those pivotal moments where you're like, you see the path that you're on. It's a great path. Everything looks golden, but you get a glimpse at the destination and you're like, Ooh, I'm not sure where I want to end up.
That meeting happened five years ago. it was that month that my husband and I sat down and figured out okay, we need to do something else. Yeah, it started from there. We read Rich Dad, Poor Dad. It's a book a lot of real estate investors read. We got this idea that, man, we can buy a property and put some tenants in there.
They'll pay my mortgage. They'll let me know if anything goes wrong with it. And they'll pay us for the rest of our lives. What could possibly go wrong?”
Heather: “When you first started out, then it sounds like you purchased, was it a multiplex or was it a single home?”
Jantzen Young: “I call ourselves accidental real estate investors because really what ended up happening, as I got pregnant, we were both living in the middle of Florida. My husband was working on one coast and I was working on the other.
And yeah, it was not fun times. When we got pregnant, we're like, look, I don't want to have my baby on I-4.
So something's got to give when he got a job closer to me, we couldn't sell the house that we were living in. I'm so grateful to this day. Our broker was the one that was like if you can't sell it, why don't you rent it? And I was like, huh. We can do that? Like we're not professionals. I'm not going to be close to the property.
I are you sure? I got to I'll manage the property for you. I'll call you if anything's wrong. But other than that one, I got your back. And I'm proud to say we met a lot of people cashflow on their very first property because we didn't buy it as an investment. We bought it to live in. We paid market price and I'm very proud that we did cash flow in that property, a full $23 a month.”
Heather: “There you go. That's better than most.”
Jantzen Young: “Better than zero, better than a negative. It wasn't a cash cow, but what it taught us was that you can own real estate and it not be a headache for you. You can own real estate and look good. It'd be truly passive if you put the proper management in place. And that one house was the lesson that we needed to expand our empire.
And I think what was important for us is when we got into real estate, it wasn't because we just wanted more money. We got in it because we wanted to retire and I'm in my thirties and fortunately we've made it, but retirement was the goal. So we weren't looking to flip because once you've finished your flip or fired, find another deal.
But we were always looking for something that would give us what we call forever cash. we did it with the single family on accident and I was like, shoot, if we can do it on accident, I'm sure we can do this thing on purpose. That's when our first true investment we purchased fourplex. Did that property then after we repositioned it mean getting it from being a garbage property to a really nice property, we were able to refinance and get a lot of our cash back out.
So then we could buy another, fiveplex kind of moved up to commercial that's how our passive income started to grow.”
Heather: “Were you primarily then, going from one property to another property. Are you going from one property and then buying two properties and then from two properties, three properties like monopoly.”
Jantzen Young: “Yeah, it's an exponential growth. lot of people assume like when you have your plan and I'm going to buy one in year one and other one in year two and another one in year three. It's not how it has to work. You can do it that way, but no, it definitely is a logarithmic growth.
What slowed us down though, is two things. One we ran out of money. We need money to keep buying up all assets, but two,the market is just really on fire right now. And we are really disciplined about what we buy. So we say no a lot, and that's unfortunately left us with a little bit of cash without having the property behind it.
But before that happened, so before the market went crazy we were on our second multi-family and we had run out of capital. We were looking for something to generate cash faster than our jobs, or at least supplement our jobs so we can get more cash and continue this buying spree we were initially gonna look at flipping houses for that quick cash, but someone came, and taught us, you can flip land without doing any renovation without dealing with any tenants.
Without, any contractors and all those headaches and it's faster, right? It might take you, six months, eight months to go through the full renovation of a property of a house where it's vacant land, get by it, turn it and put a for sale sign on the next day. There's nothing to do. We did that.
We made $13,000 on our first deal. And since then we were like, yeah, we're going to do that. Oh, and we did that in four weeks, which was crazy.”
Heather: “Wow. Now you've really caught my attention because I've been interested in investing in real estate like that, but I just really didn't want to deal with the tenants and all of the maintenance and, I do tax returns for people who have rental properties. So I see like all the stuff that they spend money and I'm like, Ugh.
And then they got to deal with the tenants or pay someone to manage it. Land. Hmm. Okay. I live in Portland, Oregon, and real estate is just going crazy here. Years ago I used to live in Florida and I know that real estate in Florida, it's a different speed, I think than out here.
But I think it depends on where you're at in Florida. It's probably really picked up since I've lived there for sure. But are you looking at primarily Florida as the place where you're buying land and flipping it, or you going to other states?”
Jantzen Young: “That's a really cool question. And let me answer it by saying we don't have to see anything that we buy. Unlike a house where you have to see is the kitchen remodeled, is the toilet leaking. Are there foundational issues? You really should inspect that property so they can calculate all your costs and buy it at the proper price.
With land, what was there on Google earth last year is probably what's there this year my very first property, the one that I told you, I made $13,000 on we did buy it locally. It was here in Orlando. It's about an hour from my home. We went down, we were so excited, drove down there and we were like, There's nothing to see. Why did we waste our time?
In our highest volume year, we flipped 28 properties and we didn't see a single one of them. Because of that, the thing is you get to go where the market is. I live here in Orlando and I don't really invest in Orlando because it's crazy right now. so I have pockets in different parts of Florida that I invest in.
I like Georgia a lot. I like Tennessee some great vistas out there and the land is still really reasonable. You don't have to be where the land is.”
Heather: “I've got like a million questions, so I'm going to try to narrow it down. With these purchases, I would imagine if you are flipping from one to the next to avoid capital gains or doing a 1031 exchange, I'm assuming.”
Jantzen Young: “That's a good question. I don't.”
Heather: “You don't?”
Jantzen Young: “No. Because I'm actually using that money. I need the money. Oh, I just, I could flip it. And then 10 31 inch, another property. The reason why I don't do that is twofold one, it takes a couple of pieces of land to be able to afford another multi-family and the time limit it's happening at such a high volume.
I'm out of that time limit. It's a little challenging, but secondly, I'm not really buying the property very much. Not often. So rather than purchasing the property I will assign it or I'm doing a double close pretty quickly. Do those things that make sense to you?”
Heather: “No, I don't even know what that is. So you're going to have to define that for me. I'm not familiar with those terms. Okay. What was the first one?”
Jantzen Young: “Assigning, in this scenario let's talk about a house. People are familiar with that. The day that you decide you're going to buy this house, you sign a contract saying, you know, I Janssen young, we'll buy this house, but I don't actually pay for it that day. So from the time that I signed the contract to the time that we actually get to closing and I paid for, it could be 30, 45, sometimes 60 days.
Right now, if I'm buying a piece of property, I have all of that time to find somebody else who wants it more than I do. Those other investors. We'll pay me to cross off my name and put their name in the contract.”
Heather: “Oh, no way.”
Jantzen Young: “They will pay $5,000, $10,000. I've gotten paid $56,000 to cross off my name and put their name in the contract.”
Heather: “Wow. Do you have to offer them chocolates on top of is incredible.”
Jantzen Young: “To get a piece of property. So that's the good thing for them. So the key to making this work is really buying it right. you know, you buy the property at the right price. You can have a nice little markup in there and someone else can still buy that property and develop it, build their dream home. And it's still a great value to them.”
Heather: “Okay. So that's called asigning. What was the second term that you used?”
Jantzen Young: “That's a double closing.”
Heather: “Okay. What is a double closing?”
Jantzen Young: “In that example where I got paid $56,000, that's another investor. He knows his numbers. He doesn't care how much I get paid. He's happy to pay me because he wants me to go find some more property and do it again for him. say I Offer you a piece of property and say, okay, you can buy this property for 10,000.
Oh. And by the way, you owe me $56,000 for finding it, you laugh in my face. That'd be ridiculous. In that case where I don't want the end buyer to know what I paid for it what I'll do is I will actually buy the property and then I'll sell it to them on the same day. It's a little bit of a coordination, but the title companies will make all of that work.
So when we get to the end of our date, 45 or day 60, all of us come to the table and at 10 o'clock in the morning, I'll buy the property. And then at two o'clock in the afternoon, I will sell the property and all the money changes, hands that way.”
Heather: “Oh, okay. at that point, do you have all the cash upfront or is this based on part of a down payment, part of a loan and then you pay off the loan there? Or how does that work?”
Jantzen Young: “Good question. And I'll answer that two ways. In that second example where we're talking about the double close in certain states, Oregon's not one of them, but in certain states like Florida in Georgia, you can do this as well. The tidal companies don't care. As long as the money is there from the end buyer, they don't really care if I bring my money, I'm just one more account that they have to wash out at the end of the day.
It just gets confusing. Rather than require that I bring my own money to close at 10 o'clock in the morning there decide to sign the papers Jazz, and I'll call you at two o'clock and I'll make sure everything's dispersed. So in both of those scenarios, whether you're assigning or double closing, I don't have to bring my own money to the table at all. I'm just collecting checks.”
Heather: “Oh, wow. . . let me just see if I understand this correctly. You are finding pieces of land that, could go for more money. Even if it's just you holding it for just 30 days to get this whole thing turned around. Assuming you're finding property that, someone's going to pay a little bit more for, how are you finding these properties and you're not doing anything to the land, you're just keeping it where it was.
So how do you go about finding these gems?”
Jantzen Young: “Yeah, it's a lot of looking and it's sifting through a lot of nos at the end of the day, I'm not really looking for land. I'm looking for problems.”
Heather: “Oh, define what you're talking about.”
Jantzen Young: “Right? So if someone has a piece of property and they love it, it has been their family forever. And they have all these great memories and they want to pass it down to their kids.
That's not the person I want to buy from. I'm looking for the person who inherited this property from their grandfather. And it's now owned by three siblings who don't talk to each other and who are fighting over. Who's going to pay the taxes every year. And the HOA is coming down on them. And the city is complaining because they haven't cut the grass in a month.
And now they're getting slapped with liens. That's the person I'm looking for.”
Heather: “How do you find those people?”
Jantzen Young: “Like I said, it's a lot hunting. I do it the easiest way. And I actually, this is my method today. I will go to an area where I do see a lot of activity, land buying and selling and I will send letters to every single person that owns vacant land in that whole county.
Right now I'm sending about 5,000 letters a month. To people to see if they would like to sell their lands. So it's a lot of no's before you get a yes, but it's totally worth it when you do.”
Heather: “And are you looking at locations where people are looking to put a home pretty quickly on that property or you buying things that are like way out in the middle of nowhere that a farmer could be.”
Jantzen Young: “That goes to three different types of property that I deal with. First what we call infill lots. Those are great. Lots of those are in Florida where you've got a development there's houses everywhere. There's just one lot there that a dude never built a house on. Those are great.
Cause they're easy to sell to builders are easy to sell to individuals because they can see what their future house could look like. Just look next door. those are info lots. The second one. These are the suburbs, or even further than the suburbs, maybe one to five acre properties.
So it's still, you know, maybe a 15 minute drive into the city. You've got access to a Walmart, we still want to be in that range. So those pieces of properties do really well, not so much for builders, but people who just want extra space, ranchers, people who want to have their own chickens.
And then the third one is about, an hour away from the city center. And that's when you're looking at 10 to 50 acre properties. Those historically I have been going to individuals for those. But with COVID. We're starting to see builders who wanted to be within 30 to 45 minutes to city center for job purposes and commuting.
A lot of developers are buying those lots a little bit further from city center because people can work from home now, but they can still afford to buy a brand new house. Yeah that's been interesting and I buy all of them. Whoever says yes to me, we're game, let's do this.”
Heather: “There's a lot of stuff going on this planet when it comes to weather and Florida, you have sinkholes. And then in Texas all those different Southern states, Alabama, they have tornadoes which can rip apart a home. I think, buying land seems unless you get a sinkhole, it seems like it's, fairly safe.
Are there certain things that you have to be careful of and do you have to deal with any kind of insurance when it comes to the land?”
Jantzen Young: “Good question. So I don't buy property insurance related. Doesn't make a whole lot of. That'll happen. Although when I hold land long-term I do get liability insurance on it. So in case somebody climbs a tree and breaks their leg on my property at least I'm covered in that regard. Now in my business model I don't typically buy.
Land for the purposes of holding it. Long-term my goal is for land flipping just to be a cash machine for me, because my ultimate goal is retirement and I can't retire on a pile of cash. and I can retire on cash flow, so I need to get that money to work and like pumping out more for me. So with that said I will get liability insurance if I'm holding it long-term.
And that means if somebody buys land for me, but they don't have all the money, let it cash flow, meaning I'll accept the down payment. And then I will accept payments from them, until the property is paid off, but we'll structure that as a lease purchase, meaning I own the property the whole time. They're making payments.
You cannot build on it. You cannot make any changes to it. Don't disturb the neighbors, please don't call police on my property is just not great. But as long as you're making payments, I own the property at the end of your final payment, I'll sign over the deed. At which case , I'll drop my liability insurance.”
Heather: “Wow. That's almost like a rent to own kind of situation.”
Jantzen Young: “A Hundred percent. Yeah.”
Heather: “What about foreclosures ? Land that's maybe foreclosed on, can you get good deals that way or do you think to stay away from that kind of stuff?”
Jantzen Young: “I don't go after that kind of stuff. The thing with foreclosures is that not a lot of banks will lend on land. because of that, you don't have a lot of foreclosures, however, in terms of acquisitions. It's not great, but on disposition, it's amazing because when I go to sell my property, if I know you can't get bank financing, or it's really difficult to get bank financing, if you can get bank financing for me, you can pretty much set your terms when your buyers will kiss your feet.
They're just so excited. Someone's going to help this with this problem. We're making returns around 12.9% on the property that we are. Owner financing to our buyers.”
Heather: “Whoa. Wait a minute. Really. being that right now, I guess if you were going to get a mortgage for a home, it's two, point something percent every day, it seems like it's fluctuating. But in these situations you're able to get a much higher interest rate from these people because they're in a situation where they can't really get a loan from the bank anyways.”
Jantzen Young: “Exactly. the interest does two things. One, it gives me a good return on my capital while I'm waiting to get paid back. When we're in here at three and you're five, I am actually calling up my borrowers and saying, Hey, this interest rate is killing you.
Let's talk about your options, , could you get a HELOC? Do you have another line of credit somewhere? That's a better rate. If you're thinking about building, you know, you can get a construction loan at four or 5%. And that'll take care of the land and your building costs.
We try to work at win-win solutions together. So I do get my capital back quicker and they don't have to wait to start their dream.”
Heather: “I'm sure that there's a lot of ladies out there listening. They're like, oh my God, I want to do this. To start off, how much money do you really need? I mean, I know it depends on how much the property costs, and again, I guess it depends on the state and how much land is in that state… I know you were talking about these different types of wheeling and dealing that you're doing where you don't actually have cash and all of that, but seriously, how much cash do you think someone really needs to get started on this?”
Jantzen Young: “I will say in terms of buying the property, you don't need the cash because I do not encourage. And I do coach a lot of students on land flipping. I do not encourage my students to actually buy the property. There's too many unknowns to actually buy and take on that risk. in my previous example, with the house, I told you it's 45 to 60 days to close.
In the land flipping business, our standard contract is six months. So you've got a long time to not pay for that property and find another buyer. And if you can't do that in six months, there is something you don't know, you shouldn't buy that property anyway, and you need to back out.”
Heather: “Okay. So you can't back out after all that time.”
Jantzen Young: “You can.”
Heather: “Oh, no way! You put something down though, right? Haven't you some kind of earnest money or no.”
Jantzen Young: “We don't do that, no.”
Heather: “Really? Oh my God. You're blowing my mind here.”
Jantzen Young: “So with that said the limit to how many offers you can write. There's no limit, write up the offer and wait for somebody to say, yes, there's no limit to how quickly you can do this.”
Heather: “And you can do this in any state in America?”
Jantzen Young: “Any state.”
Heather: “What about going to someplace like Puerto Rico? Have you done it tried anything like that or like any place overseas you're just basically in the true US market?”
Jantzen Young: “So the challenge is Puerto Rico and the broader challenge outside of the U S is that. Countries take their privacy quite seriously. We don't here. When I say, I go to the county and I ask for, and all of you can do this today. If you type in your county and Google property appraisals.”
So just in my case, that would be Seminole County, property appraiser, type that in you can call that number and you can ask for, Hey, can I get a list of every single person that owns vacant land in this area? And they will give it to you most cases for free in most counties in Florida, you can download it online at any time. No login, no questions.”
Heather: “Wow. Now you just made me think about appraising. So do you ever have to get the land appraised or . You don't have to worry about that.”
Jantzen Young: “No, the appraisal only comes into place. If the value of the property is called into question. And the only time that's going to happen is if you're working with a third-party lender, or if you have a buyer who wants to do something, really big on the property. I will say for my higher price properties, like when we're talking about land, that's worth two and $300,000, I will actually pay for an appraisal on that, just so that when I'm marketing to go find a buyer, it's like, Hey, you don't take my word for it.
Here's the third party appraisal. So it's not required. But again, the value of the properties in question, it's always a good tool for a couple hundred bucks, you know, why not?”
Heather: “Yeah, you're not spending any money with purchases. It's just incredible.”
Jantzen Young: “Hold on. I don't want to leave the wrong impression because the limitation of writing a bunch of offers finally. And so just to recap, go to your county property appraiser's site and you can get the list of everyone who owns they can't land for free. contacting those people that costs money. And in my case, it costs a lot of money. Cause I'm contacting a lot of people.”
Heather: “Now are you talking about like time is money or are you talking about you have to actually pay to get their contact information?”
Jantzen Young: “Ah, good question. both you can do it a couple of ways. I use direct mail marketing. the property appraiser website is already going to have their name and address so I can send the letter. But every letter is going to cost me, 80 cents or something to pop that in the mail. So you sit in 5,000 letters a month and it starts to add up a little bit. And that's where your budget is. It's marketing.”
Heather: “Oh, okay. I get those kind of letters all the time because people in my neighborhood, they want to tear down my house and put up a duplex. Now I know. Okay.”
Jantzen Young: “Not scammers. They're just waiting for the right person with the right problem. And if you're not the one you know just throw it in the garbage, you're not the one.”
Heather: “Yeah. I do want to ask you about Tik ToK before we wrap up. You've been utilizing Tik Tok, to promote yourself now, is that for your purchasing of the land or is that for these other businesses that you've established?”
Jantzen Young: “Excellent question. Social media. is designed for different things and there's different audiences that gravitate to it. So Tik ToK, your audience skews a little bit younger. That was pre-COVID. I don't know about now because I feel like everybody's watching these cute little videos. So I use Tik ToK to find people who are interested in a side hustle because with land flipping, I can bring more people into this world. I'm just putting out good quality content to educate people on this topic so that they go out and start to, do more research and get into this business. And a lot of that, it has to do with affiliate marketing, with the land coaching program that we have as well. So that's what Tik ToK is really good for. As far as finding deals on Tik ToK for land, it's not really the right audience.”
Heather: “You go by on Tik ToK Flipping Without Rehab. What is the rehab mean? Is that mean because you don't have to do anything to the land.”
Jantzen Young: “Yeah. Yeah. So whenever people think about flipping houses or think about real estate in general, HDTV is the first thing that pops up, and somebody else's, one of my friends asked me, she's It sounds so incredible. Like why have I never heard of it? It's because it makes for terrible TV.”
Heather: “Going back to your whole thing with finding buyers are you friends with realtors does that help to have some connections with lawyers, realtors? How are you finding these people?”
Jantzen Young: “Ask. It's really that simple. Facebook, social media is just incredible if you use it for the right reasons. In Facebook, whenever I go into a new market, what I'll generally do is look up like Seminole county, but I'm just using that as an example, like what's the big city in Seminole county.
We'll say Ultima, okay, I'll go to Ultima Springs Investors. And then Facebook will tell you, hey, here are a bunch of groups of people in this area that are investors, and here's what they do. You join that group of local investors and just ask, do you guys, do you have any title companies that do double closings?
Do you know of any investor friendly title companies or lawyers? That's the key term investor friendly and then they'll give you the right people to talk to.”
Heather: “Okay. We got to know that lingo. Okay. Investor friendly. Let's talk about how people can work with you. You said, mentioned coaching to tell us all the things you've got this company called private money Institute. And so is that the coaching or is that something.”
Jantzen Young: “Okay, so let's marry all this. My whole goal is retirement. So there is a common thread here. So retirement, we were using apartments to give us rental. We ran out of money, so we had to start flipping land and that became our cash machine. In the land flipping, the whole idea was to flip land and then buy more rentals.
It right now in this market's a little overheated. So rather than buying rentals, we started just selling our land with owner financing terms. So we are able to collect cash flow at a pretty good return. Like I talked about. unfortunately I still have people who insist on paying me cash for these lots.
So I've got this unwanted pile of money. And I couldn't really find, at least in my market, I wasn't able to find more multi-families that fit my buying criteria. Rather than just sit on all this cash, I started going to other land flippers and say, Hey guys, I know exactly what you do. If you are also, selling your land on terms, I want that 12.9%.
I'll give you the cash today. Just give me the note so I can keep my money working for me. And I started buying up all these land investors notes. That really good. 15%, 20% returns for me. And I ran out of cash again, but because I was doing this so much, other people started coming and saying, Hey, I'm sitting on a pile of cash.
And I'd like to earn 15% return on, something where the asset, the land is it's, 50% of my investment is 50% of what the land is worth. And. Great returns on it. Why not? So that's how this whole evolution happened.”
Heather: “It's bank of Jazz.”
Jantzen Young: “I am the bank.”
Heather: “The Private Money Institute, is that what you just described?”
Jantzen Young: “Yeah. Yeah. So if you want to connect with me, please do, as you can see, I can chat all day. The best way to connect with me is just by checking out, flipping without rehab.com. So whether you're interested in flipping vacant land without rehab, or just flipping your money and investing in notes I'm more than happy to help you with both of those and get you pointed in the right direction.”
Heather: “People can find you on Tik ToK and your website is Flipping Without Rehab.com. Is that where the coaching part comes in?”
Jantzen Young: “Yeah. So on both sides, if you go to flipping without rehab, there is coaching available for land flipping. I'm intimately involved with the Land Profit Generator.
And I really encourage, if what I've said today, even sparks your interest, check it out. We need more people in this business because a lot of people talk about it's so hard to get a deal in real estate. Yeah, but there's still people out there who are not talking to their siblings because they're fighting over a tax bill every year.
How stupid is that? They're ruining Thanksgiving because of a piece of property and you could cheat that whole family dynamic. We do need more people out there helping out.”
Heather: “Thank you so much,Jantzen this has been completely enlightening for me. I did not know all these things. Thank you so much for being on the show today.”
Jantzen Young: “You have been so much fun, Heather. Thank you.”
