Show Notes: https://retipster.com/160-jt-olmstead/?utm_source=youtube&utm_medium=social&utm_campaign=podcast&utm_content=U35kvIClO9I Terra Notes (formerly YourLandLoans): https://go.retipster.com/terranotes/yt-U35kvIClO9I (REtipster Affiliate Link) Seller Financing Knowledge Base: https://retipster.com/category/seller-financing/?utm_source=youtube&utm_medium=social&utm_campaign=podcast&utm_content=U35kvIClO9I Join Our Community: https://welcome.retipster.com/newsletter/?utm_source=youtube&utm_medium=social&utm_campaign=podcast&utm_content=U35kvIClO9I 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