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Legacy Land Income Fund focuses exclusively on land investments, a distinctive and expanding sector.

PASSIVE INCOME FOR
THE BUSY INVESTOR

Redefining Investment Stability

EARN PASSIVE INCOME THROUGH MORTGAGE NOTE INVESTING

Legacy Land Income Fund focuses exclusively on land investments, a distinctive and expanding sector.  By securing a 1st lien position, imposing stringent requirements for robust down payments and credit scores, and maintaining a carefully balanced 50-60% loan-to-value ratio, we ensure a secure and reliable approach to land investment.

OFFERING OVERVIEW

Reg D 506C Evergreen Fund

10% Preferred Return*

Investors are prioritized, receiving profits first

Monthly Distributions

Investors receive consistent and predictable income

$50,000 Minimum Investment

Access the fund with a reasonable investment

12 Month Commitment

Alignment of investor expectations and fund’s long-term strategy

*$100,000 initial investment earns $833.33 per month

Investors can opt for capital compounding to boost their overall returns into the mid-teen range.

CALCULATE returns with your own numbers

MEET THE FUND MANAGERS

Quinn excels as an investor, leveraging his extensive background in finance and comprehensive real estate expertise.
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Quinn

McArthur

A devoted husband and father, Quinn is a West Point graduate and former Green Beret. He balances faith-driven values and a commitment to stewardship with his real estate investments. Quinn excels as an investor, leveraging his extensive background in finance and comprehensive real estate expertise as a commercial real estate developer and asset manager. Renowned for his mastery in land acquisitions and active involvement as a note investor, he passionately pursues his interests in faith, family, finance, and fitness.

Eric is an expert in residential and commercial lending and default.
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Eric 
Scharaga

Before transitioning to full-time note investing, Eric dedicated 23 years to teaching high school. In 2002, he began investing in rental properties, envisioning a transition to full-time investment—a dream realized through the discovery of mortgage note investing. ​ Eric is an expert in residential and commercial lending and default, including performing, non-performing, active bankruptcy, and vacant land.  In 2020, Eric authored the book Lienlord, an introduction to the power of note investing.  He is passionate about personal finance and enjoys introducing land investors to creative strategies for seller financing.

Collectively, Quinn and Eric have purchased over 500 mortgage loans and currently hold an inventory of over $1.5M in vacant land notes.  They have directly financed over $5.5M in land acquisitions across 36 states.   

We are continuously drawn to the unique opportunities in the land industry and remain laser focused on conservative investment opportunities with transparency and control.

  • Why vacant land?
    The scarcity of banks offering vacant land loans under $200,000 creates a significant opportunity for our fund to purchase seller-financed land notes and lend to select land investors. Buyers are increasingly transitioning to rural properties because of the current residential housing shortage and the opportunity for more affordable housing options. This rural shift is supported by technological advancements in remote work, enhanced delivery services, satellite Internet, and solar power and batteries. The combination of these factors boosts our confidence that high-quality vacant land properties will be in demand for the foreseeable future.
  • How does the fund acquire its investments?
    Legacy Land Fund works directly with land sellers who want to offer financing, but don't want to keep the loan. Under a proprietary program, we assist with the entire seller finance process and purchase the loan from the seller at a discount. This allows us to control our annual yield, which remains the same for the entire life of the loan. Additionally, we work with select land investors we know and have vetted carefully, providing them with short-term loans and partnering with them on land investments. Our success is rooted in our relationships with land sellers, most of whom are long-term partners.
  • How is the Legacy Land Fund different than multifamily real estate?
    Since 2008, many multi-family syndications have thrived on a rising real estate market and low interest rates, rather than managerial skill. However, with the market shifting, sponsors face challenges like rising expenses, competition, and falling rents, revealing flaws in the repositioning model. High returns were often based solely on optimistic projections, leaving investors at risk. We advocate for a conservative approach, like the Legacy Land Fund, which avoids debt and uncertainty, focusing on secured loans for stable returns. Quinn and Eric's large personal investments in the fund demonstrate their confidence in the model. In today's uncertain economy, such conservative options merit consideration for investors' portfolios.
  • Do I have to be an Accredited Investor to invest?
    Yes. Our fund is structured for accredited investors only. Per the SEC, an accredited investor has either a net worth over $1 million, excluding primary residence (individually or with spouse or partner) or annual income over $200,000 (individually) or $300,000 (with spouse or partner) in each of the prior two years, and reasonably expects the same for the current year.
  • Can Qualified Plans invest?
    Yes!
  • When and how do investors receive their distributions?
    Starting approximately 1 month from the date of your investment, distributions are automatically deposited into your account via ACH on the first business day of each month. Investors also have the choice to compound their preferred return along with the initial investment, earning a greater overall yield.
  • Are there fees associated with the fund?
    Yes. There is a 2% management fee based on the total amount of funds under management. However, the investor 10% preferred return is unaffected by this fee. The managers are not reliant on the management fee for their income; it is only assessed to offset the ongoing expenses of the fund.
  • What is an Evergreen Fund?
    An Evergreen Fund remains active indefinitely, presenting a secure and dependable choice for investors seeking passive income over the long term. One huge advantage of investing in a real estate fund that does not require bank debt lies in our continuous reinvestment of monthly profits into additional loans and lending. Over time, this strategy leads to a substantial gap between the fund's monthly income and the required monthly payments to investors, ensuring the fund’s resilience and allowing it to withstand potential disruptions in income while continuing to provide investors with consistent monthly payments.
  • What are the benefits of mortgage note investing?
    A "Note" represents a straightforward debt obligation involving a predetermined number of principal and interest payments, with the added security of being backed by the property itself. This structure allows the lender to enjoy the property's security while mitigating the risks typically associated with property ownership. Investing in mortgage notes provides a hassle-free alternative to traditional real estate. Just like a bank, we enjoy consistent income at a predetermined yield without the burdens of insurance, property taxes, property management, maintenance, or tenant concerns.
  • What are the risks?
    Every investment opportunity carries risks. With mortgage notes and lending, the biggest risk is borrower default. To mitigate these risks, we maintain very low Investment-to-Value ratios. As a last resort, we have the legal right to foreclose on the property and resell it for market value. Since our investment in each property is so low, we are confident that we would actually profit in these scenarios, if they happen. Most borrowers with equity in their properties don't walk away; they sell. Additionally, the majority of our loans are personally guaranteed, which incentivizes borrowers not to default due to our ability to obtain personal judgments.
  • How is fund performance tracked?
    We maintain sophisticated data on each investment as well as the fund overall. Investors have access to a portal where they can monitor the fund's ongoing data and metrics. Additionally, we send quarterly updates on all fund activities.
  • What if land prices drop?
    While this is possible, we mitigate this risk by maintaining our average exposure to about 50% of market value, which gives us plenty of room for value fluctuations. Additionally, we are invested in growing markets across the county, which gives us geographic diversity.
  • How will rising interest rates and insurance costs affect the fund?
    While multifamily investors are grappling with rising interest rates, vacant units, falling rents, and significantly higher taxes, repair costs, and insurance costs, our fund invests based on a predetermined, fixed investment yield. Since we do not have the risk associated with ownership of real estate we have no insurance responsibilities, debt service, or property tax responsibilities, setting us apart from the challenges faced by traditional multifamily investors.
  • How does inflation impact the fund?
    Because real estate is generally inflation-resistant, fund yields are usually not impacted when prices rise and will generally beat inflation. In fact, land investments are known to serve as a hedge against inflation due to their ability to increase in value over time without structures that require ongoing repairs.
  • How much money do the fund managers have invested in the fund?
    Quinn and Eric will always be the largest shareholders due to their large personal investments in the fund. They are not reliant on the fund for their personal income, and will use the fund's profits to invest in additional loans and lending.
  • How does the fund utilize third party vendors?
    All of our loans are professionally serviced, and we use third party custodians to handle our collateral documents. This frees up our time and places those responsibilities in the hands of seasoned professionals and experts in their fields.
  • How are vacant land investments different than residential?
    Vacant land investments require a much more specialized knowledge. As seasoned land investors, we analyze properties based on their legal/physical access, topography, utilities, water/wetlands/floodplain, soil quality, zoning, value, market demand, and title status. Our knowledge and experience of investing with our own money first allows us to choose only the best investments for the fund.
  • How can a stable return smooth out market volatility?
    Most investors don't realize the effects that market volatility has on their long-term returns. A stable 10% return beats a volatile 15% every time. Volatility robs investors of long term growth because it deprives them of the most important feature in investing: time. Specifically, valuable time is lost to market dips, because investments lose growth to the ongoing return to equilibrium after drops in value. In extreme cases, this return to equilibrium can take a year or longer. Stable returns allow investors to take some of the mystery out of their investments and plan accordingly.

Results Driven Investment Approach

Explore the fund's investment model in depth with a complimentary copy of Eric's book, Lienlord.

Explore the fund's investment model in depth with a complimentary copy of Eric's book, Lienlord.
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Disclaimer:  Founders are not CPAs, attorneys, or financial advisors and do not provide legal, tax, or financial advice.  Seek out professional advice before making any investment decisions.  

Copyright © 2024 Legacy Land Income Fund.

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