Be a Producer Not a Consumer (LA 1484)

Transcript:

Steven Jack Butala:

Steve and Jill here.

Jill K DeWit:

Hello.

Steven Jack Butala:

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

Jill K DeWit:

And I'm Jill Dewitt, broadcasting from sweet Scottsdale, Arizona.

Steven Jack Butala:

Today Jill and I talk about how I think you really should be a producer more than a consumer, which is a ridiculous podcast topic because you're consuming this podcast.

Jill K DeWit:

Yeah, [crosstalk 00:00:21] excited about that. I'm like, it's interesting when you wrote that down, you're like, "That's a great line." The other day, I'm like, "Where are we going to go with that?" So I do have some questions.

Steven Jack Butala:

Somebody in our land academy accountability group said, they typed this in and said, and so I really think that's good advice for, you need to be a land investor, you need to produce.

Jill K DeWit:

Okay. I have questions. I'll save them for the show.

Steven Jack Butala:

Before we get into it, let's take a question posted by one of our members on our landinvestors.com online community. It's free and if you're already a member, please join us on discord.

Jill K DeWit:

You love the discord.

Steven Jack Butala:

I do love the discord.

Jill K DeWit:

Thank goodness that's not a drinking game. I bet it is actually.

Steven Jack Butala:

For somebody it is.

Jill K DeWit:

Oh my gosh. It started on our Thursday call and now it's just become a thing that we have a few keywords that we tend to maybe overuse. Like I've stopped saying dreamy, all of you.

Steven Jack Butala:

I have some too. Like tragic.

Jill K DeWit:

Tragic, yeah. That's a good one.

Steven Jack Butala:

This is a tragic piece of real estate.

Jill K DeWit:

Oh yeah.

Steven Jack Butala:

And you're approaching this in a very tragic way.

Jill K DeWit:

Exactly. Slopeyness. That's another one. So anyway, it's funny, it's turn into a thing and discord is one of the words. As is Clubhouse and we'll get to that later.

Steven Jack Butala:

Yep.

Jill K DeWit:

So Rebecca wrote, "Hi, all. Quick question I need advice on. I have a sold lot in North Carolina. It's closing on January 8th." This is a couple of weeks ago. "We had no idea if it was perced." Oh my gosh.

Steven Jack Butala:

Perced is a drinking word.

Jill K DeWit:

That's a drinking word for me. That is a trigger word for me. I've got to tell you right now.

Steven Jack Butala:

It is a trigger word for me, too.

Jill K DeWit:

I hate perc and any version of the word perc. So we don't even have a percolator coffee thing. Anyway, "Buyer was told to do her due diligence and sign a contract. Seeing they're responsible for all due diligence on the lot. The buyer never did a perc because-

Steven Jack Butala:

[crosstalk 00:02:19].

Jill K DeWit:

... because it would've taken too long. We're not going to hold a lot for her that long. Neither of us, nor the buyer knew if it perced. Today, randomly, some realtor who we don't know, just emailed us out of the blue and said, "oh, the lot does not perc." An old client of hers ran a perc test and it failed. I don't know who this realtor is or why she's contacting us. Should I just close it to the buyer. Please advise, please." You want to go first?

Steven Jack Butala:

Buck response. This is, in land investors-

Jill K DeWit:

[inaudible 00:02:50] people wrote in.

Steven Jack Butala:

Yeah, this gets great. I would not have put this in here if it's not fantastically entertaining.

Jill K DeWit:

You've got lines and lines here. I see responses.

Steven Jack Butala:

There's multiple responses, including our moderator.

Jill K DeWit:

All right. You want to read Buck and I'll read the back half?

Steven Jack Butala:

Buck response, "sounds like sour grapes." I couldn't agree more. I always refer buyers to the county septic department if they have questions about getting a permit. Getting this hearsay from a questionable source,