Land Academy Show

5 Pro Tips for Pricing Your Land Flipping Mailer (LA 2002)


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Ever wondered how to set the perfect price for your land offers and skyrocket your deal success? Dive in as we reveal the strategies that can make or break your land-flipping game! In this episode, seasoned land investors and dynamic duo, Jill DeWit and Steven Jack Butala, unravel the secrets of pricing your land-flipping mailers with precision. With a combined 30+ years of experience, Jill and Steven have honed their craft through countless transactions, navigating both successes and failures. They lay out five essential pro tips for sending out legitimate blind offers, explaining why accurate pricing is the key to sparking productive conversations with potential sellers. Drawing from their deep well of personal anecdotes and real-world scenarios, they provide actionable insights to help you fine-tune your pricing strategy and boost your success in land investing. Tune in to learn from the experts and take your land-flipping game to the next level!
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5 Pro Tips For Pricing Your Land Flipping Mailer (LA 2002)​
Today is episode number 2002. Isn't that crazy?
That's nuts.
I know.
We're going to talk about the five pro tips that Jill and I have kind of lived by for pricing your land-flipping mailer. This is a really hot topic on the internet and in our Land Academy Discord channel among our group exactly. It's really interesting because we have some new people right now, pricing is always a hot topic, and we're getting a lot of orders at offers to owners.
Community Question
I'm hearing from our guys, the mailing company that Jill and I own, and there's a pretty wide variance between how offers are getting priced by people who are within Land Academy and people who are not. My guys are ending up having to have a pretty detailed conversation about how pricing should go. I figured we'd just loop it into the podcast. Each week on the show, we answer a question from our Land Academy member Discord form and take a deep dive into a land-related topic by popular request from our Land Academy community. Let's take a question, Jill.
Sid wrote, “Blind offers work. I just had a great conversation with the seller because, one, this is interesting. I was the fifth offer in six months, but all were neutral letters with no price.”
That tells me, I'm going to take these as I go here. It tells me that he's getting a lot of offers, or his seller now has got a lot of offers from people who are not in our Land Academy group. Other groups out there are, I think, incorrectly instructing people on how to buy land.
Then what they went on to say was that any phone calls she made were not returned, and since I was the only blind offer of X price, she decided to call. Isn't that great? Then number two, she was amazed that I answered the phone and was the same guy that sent the letter. After explaining who we are, procedures, etc., we agreed to a price. Still need boots on the ground to confirm, but there should be another one entitle by the end of the week. The moral is to keep mailing legitimate blind offers and answer the phone. That's so true.
Jill and I, we say this stuff, we've been doing this now almost ten years.
Nine years of Land Academy. Fifteen years of deals together, and then you have 10 or 15 before me.
This experience is one that we experience in our land office every week, but when your father says something or when your spouse says something, you're like, “Whatever. He's just talking again.”
What?
If somebody else says it, like Sid, one of our members, you start to listen.
Can we just explain it real quick for a minute for people just to make sure everyone knows what we're talking about? When we're sending what we're doing, Land Academy, everything that we're doing here, land flipping, in case you're new and you're just catching up here. We create deals, we are acquisition machines, and we know how to create a deal. How do we do that?
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Land Academy ShowBy Steven Butala Jill DeWit