Blast From The Past: What's Possible Land Side Hustle Math (LA 1668)

Transcript:

Steven Butala:

Steve and Jill here.

Jill DeWit:

Hello.

Steven Butala:

And 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 what's possible in your land side hustle, specifically the math.

Jill DeWit:

Oh.

Steven Butala:

Like these shows.

Jill DeWit:

You didn't tell him it was going to be math class today. I did not prepare for that.

Steven Butala:

There's going to be some math in this. Not going to be math, it's just going to be ... You don't have to do any math, you just have to listen to the-

Jill DeWit:

All right. Good thing I have a notepad and a pen.

Steven Butala:

Listen to the good and the bed and the ugly about what's possible and what's not possible. I'll tell you, here's a hint though, it all starts with getting a mailer out.

Jill DeWit:

You want to know something realistically? I loved math in school.

Steven Butala:

I know you did.

Jill DeWit:

Did you like math?

Steven Butala:

Did I like math?

Jill DeWit:

Yeah. Did you know that about me?

Steven Butala:

Yes, I did.

Jill DeWit:

Okay. How did you know that?

Steven Butala:

I'll tell you Jill, you're a pilot and you have that natural ... I don't think we ever sat down and said, "Hey, how'd you feel about math in high school?" How boring would that be if we did that?

Jill DeWit:

I did like math. My favorite teachers were my math teachers. Math and physics, I loved those. What was your favorite subject?

Steven Butala:

Math, physics. I liked home economics a lot, because-

Jill DeWit:

Is that where the girls were?

Steven Butala:

Yes

Jill DeWit:

Oh.

Steven Butala:

You know what? I liked all. There's not a class that I didn't like.

Jill DeWit:

I'm trying to think. You know what was one of my least favorite classes? That I did it, and I went through the whole thing and I was even president of the club at the end, it's a French club.

Steven Butala:

Oh, you know what? I don't like languages either.

Jill DeWit:

There we go. That was hard.

Steven Butala:

I can get through Spanish, because it was a requirement. I like it now. I like speaking it or trying to speak it.

Jill DeWit:

Yeah, you're good at it.

Steven Butala:

I think I'm great at it after two beers, but ...

Jill DeWit:

You are.

Steven Butala:

But I think I'm great at a lot of things after two beers.

Jill DeWit:

Don't ask me to speak French.

Steven Butala:

No, I don't even ... I can't count to 10 in French.

Steven 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.

Jill DeWit:

Herbert S, "Hello all, I'm seeking information/guidance on what I should do with the first deal that I have here. I bought this lot with a very old dilapidated double-wide fixed mobile home on the property that has been there for more than 30 years. According to Steve and Jill, this is normally a good thing, but I've been having troubles trying to sell it because I purchased it without having title to the mobile home and many of the buyers calling in would like to have that, which is understandable. We purchased this lot in an attorney state and did not have any problem buying it without the title. Has anyone dealt with this kind of situation in the past? What would you say are my options?"

Steven Butala:

Yes, so let's take two steps back. Herbert, you're in a great situation. There are two components to buying a mobile home on a piece of land. The land real estate deal, like we're all very used to, and then the personal property aspect of buying a mobile home, which is in most of the states, maybe all states, the exact same as buying a car. It has a ... You go to the DMV, it's all ... I think Texas might be different. There's one state, in fact, it might be California.