Career Path Starts Next Month in January (LA 1654)

Transcript:

Steven Jack Butala:

Steve and Jill here.

Jill K DeWit:

Hello.

Steven Jack Butala:

And welcome to the Land Academy show, entertaining land investment talk. 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 how career path starts, next month in January. And I've just been told that this has the possibility of being inspirational.

Jill K DeWit:

Oh. I hope all our shows are, in some way.

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 don't forget to subscribe on the Land Academy YouTube channel and comment on the shows you like.

Jill K DeWit:

Waiting for it, waiting for the teleprompter. Mitchell says, my second mailer is working. We have three good sellers who reach out to us, I would like to reach out to a local land agent and get his opinion on them. Do I need these tied up prior to speaking with said agent or is it okay to probe them, as I'm working with the seller? Oh, I would have them tied up. I want them to be that good. And you know what? Because things could go wrong. You don't know said agent and they don't know you. And so, I'll tell you what I personally do, Mitchell, I personally say, even though I only have a signed purchase agreement, I'm very vague about it with the agents, as far as how long I am in the process, because they don't know, I could have been in escrow for three weeks and it's still going to take three more weeks to close, kind of thing, they don't know that.

Jill K DeWit:

But I do say, I'm getting ready to close on this deal, can you look at it please? And that tells them it's tied up, it leaves them with that impression and they usually don't do anything more than that.

Steven Jack Butala:

Those are exactly right. So, it's all about the conversation you have with that agent. And the agent could be, 65 years old or they could be 22 years old, it's not that they... it's the tone and how you handle it. So, there's no real secret way that a real estate agent can call the county clerk or anyone at the county and get inside information. So, when you go on the website, let's say, you actually buy the property, then you call the agent. It's not going to show up anywhere on the website, like realtor.com or Zillow, as an ownership record, for quite some time. Sometimes years, sometimes it's months. I used to really worry about somebody going around the backend, for me, and it's never happened to me, thank God, and I don't really, really expect it. It's not a real concern but Jill's right, if they're good deals, if they're good deals, there's no reason, especially if they're in the same county, just tie them all up with an escrow agent, get an escrow- [crosstalk 00:02:42]

Jill K DeWit:

Or you can just have a signed purchase agreement. [crosstalk 00:02:43]

Steven Jack Butala:

Yeah. Oh, yeah. You have to have a- [crosstalk 00:02:44]

Jill K DeWit:

And it depends on how it is- [crosstalk 00:02:44].

Steven Jack Butala:

You have to have a PA.

Jill K DeWit:

Even just a signed purchase agreement, Mitchell, is enough for you to double check your work and not go that far. Because, honestly, I would prefer you do it this way than, you don't want to open escrow on 10 of them and buy one because now this escrow agent is tired of you, because they started the process on 10 and you only do one. So, you want to move forward when you're really feeling good about it.

Steven Jack Butala:

Feel great about the price, you go for it. That's why we have, would you do the deal section in Discord, so you can get everybody's opinion. And chances are, somebody in Discord or on the Thursday member call, chances are, somebody will really have a good local knowledge of what the deals looks like and whether or not you're going to make any money. Today's topic,