1.25 Acres vs 40 Acres to Build Equity 101 (LA 1058)

Transcript:

Steven Butala:                   Steve and Jill here.

Jill DeWit:                            Hello.

Steven Butala:                   Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala.

Jill DeWit:                            And I'm Jill Dewit, broadcasting from sunny Southern California.

Steven Butala:                   Today, Jill and I talk about one and a quarter acres versus 40 acres to build your own equity, 101. What the heck does that mean? Is that even a sentence?

Jill DeWit:                            More importantly, the question should be saying: Jill, how do you keep up with this guy, and what is he talking about? That's what goes on. I'm the interpreter today.

Steven Butala:                   You have a lot of choices about what types of property to buy and sell. You have a tremendous amount of control over your real estate investment career, mailer by mailer. So that's what this show is intended. It's intended to inform you, or to encourage you, to look at what different types of property to buy, and specifically land, and how it fits in your equity plan.

Jill DeWit:                            You know, that's good point because some people think that they heard about a deal. I'm an investor. I need to make every deal work and try to get this done. I just heard about this job. And there's $30,000 in it. We've got to figure it out. No, you don't. Pick what you want to work on. You really do have the control. And you'll get there faster, by the way, if you calm down and focus on something, and do it right and well.

Steven Butala:                   You should always have, we'll get into it here in a second, but you should always, always, always have an acquisition criteria. That's what's so beautiful about sending these mailers out because that is your acquisition criteria. And someone, theoretically in a perfect world, is going to sign it and send it back, and you're going to check to see if it fits your acquisition criteria. Opportunism is out there. So when I hear the word opportunistic, that's a really negative thing for me. What do you think-

Jill DeWit:                            I was going to say too, that's a very big word.

Steven Butala:                   Opportunistic to me is, I'm open for anything, man. I'll take a look at any deal. Just send it over. I think that's the worst thing that could happen.

Jill DeWit:                            That's wrong.

Steven Butala:                   And that's going to end in a fiery ball of tragedy.

Jill DeWit:                            Could you imagine if you went around that way? I mean, you could maybe research three deals a week trying to figure out that area and that thing and that market because someone threw something to your way, versus we send out mail and review three deals in 15 minutes.

Steven Butala:                   That's right.

Jill DeWit:                            And then we move on. We're buying it or we're not. And then we move on, and there you go.

Steven Butala:                   So I'll paint the perfect picture of your acre and a quarter operation and your 40 acre operation, and maybe even your like 4,000 acre operation, and why you should never do that. Before we get into it, let's take a question posted by one of our members on the landinvestors.com online community. It's free.

Jill DeWit:                            Armin says, "Many of the properties I acquire are [inaudible 00:02:59] lots with several homes in the area. There are at least 200 people driving by every day, and I think a sign can make a difference. How do I put up a physical for sale sign on my property? Is there a cheap and easy way for me to create a sign, have someone plant it on my property? Steve talks about using WeGoLook to have someone visit the property to click photos. But isn't it equally important to have a for sale sign for those tha...