3 Circumstances That Tell Us it's Okay to Flip a House (LA 1725)

Transcript:

Steven Jack Butala:

Steve and Jill here.

Jill K DeWit:

Hi.

Steven Jack Butala:

Welcome to the House Academy Show, entertaining real estate investment talk. I'm in Steven Jack Butala.

Jill K DeWit:

And I'm Jill DeWit, broadcasting from the Valley of the Sun.

Steven Jack Butala:

Today Jill and I talk about the three circumstances that tell us it's okay to flip a house.

Jill K DeWit:

There's probably 30, but we broke it down to three.

Steven Jack Butala:

What are you guys talking about? What are you talking about? Why are you talking about houses, Jack? I thought you buy and sell land. We don't advertise it, but Jill and I also have a company called House Academy. You can check it out on houseacademy.com. It's got regular members who buy and sell houses, usually alongside their land operation.

Steven Jack Butala:

And it's not something that we're really, really focused on right now. Actually that's the content of this episode, because there's a lot of competition. The market's super, super hot. And we would rather be over here, making tons of money buying and selling land right now. But that doesn't mean you can't do it, it's not profitable.

Jill K DeWit:

House's Academy is alive and well. We just had to check out the other day.

Steven Jack Butala:

Yeah, just saw that.

Jill K DeWit:

We saw people joining us.

Steven Jack Butala:

Right.

Jill K DeWit:

I don't want you to think that this is a bad thing that we're not invested in it, we're not doing it, because we are.

Steven Jack Butala:

Exactly.

Jill K DeWit:

And we're going to tell you, so for people who are thinking about House Academy and doing ... And we'll explain here in a few minutes who is a candidate for House Academy and why people come to us.

Jill K DeWit:

And then we'll talk about what we're doing now in this environment, because it was really important. And I want you guys to know that you are important to us and we are doing it with you, but we're being strategic. And that's what today's shows about.

Steven Jack Butala:

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. And last year a ton of land academy members came to Jill and I, needing extra help to get their blind offer campaigns into the mail and off the ground.

Steven Jack Butala:

I took a look at how we personally are sending out mail with our key employees, and ultimately made those exact same people available to Land Academy members to get the mail out. And we gave it a name, it's called Concierge Data.

Steven Jack Butala:

So it's a year later, and hundreds of our members are outsourcing their entire mail process with this product. Some of those members are people that have been doing mail themselves for years and they're tired of it. They're outsourcing it. And some of those members are brand new and are not fully ... It's stopping them from getting into the business. And they're in both cases and everything in between, using Concierge Data to get the mail out. Check us out at offers, the number two, owners.com and give them a call.

Jill K DeWit:

Aaron wrote, "Hi, I'm brand new to this course. I just bought it today. I was wondering, number one, should I set up an LLC in my home state? Number two, should I get an email forwarding service, slash virtual business address? Number three, should I get a local number or an 800 type number?" Well, good news is, that thing you just got today, watch it.

Steven Jack Butala:

What's that?

Jill K DeWit:

Because it's in there.

Steven Jack Butala:

What's that thing that he got today?

Jill K DeWit:

He just said, "I just joined Land Academy. I just got the education today." I'm like, "Congratulations. Watch it." Because all three questions are answered. They're in there.

Steven Jack Butala:

Yes, Jill's exactly right.

Jill K DeWit:

No, it's really good, I'm trying to say.