Cross Marketing with Tiny House People

Recording Location: 33.840103, – 118.391379

 

Jack Butala:                       Jack Butala and Jill Dewit.

Jill DeWit:                           Hi.

Jack Butala:                       Welcome to our show today, in this episode Jill and I talk about cross-marketing with tiny house people and with the tiny house industry. I didn’t make this title up, they called me.

Jill DeWit:                           I know.

Jack Butala:                       Before we really really get into it though, let’s take a question posted by one of our members on landacademy.com online community, it’s free.

Jill DeWit:                           Okay, Claire asked, “While looking at a county I noticed that a golf course Property Owners Association, POA owns a whole bunch of its own land. POA dues are $900 a year, would you say these are bad signs?” Jack?

Jack Butala:                       Okay it depends on the kind of investor you are. The good news is you can get pretty much cheap to free land on a golf course, by buying it right from the HOA. Home Owners Association, Property Owners Association, or LOA, Land Owners Association. Is that a bad thing? No it’s never bad to buy cheap property or in this case probably almost free property.

Jill DeWit:                           Right.

Jack Butala:                       Do we do it anymore a lot? Not really because we find we’ve got much larger fish to fry but Claire god bless her, she’s one of our original members is just knocking it out of the park. I think for her, that’d be perfect because she tends to really look into things and she’s really detail oriented. To answer your question directly Claire, no I think it’s a great thing. I would concentrate a little bit more on finding out how much property is actually out there on the market. If it’s oversat … all the regular logical stuff applies. If there is a ton of property and it’s real cheap and it’s not getting sold let’s say on Land Watch or Land Pin or anywhere else, what would concern me. If there’s only a couple lots and they are all 10 grand, jump in.

Jill DeWit:                           Exactly.

Jack Butala:                       I think I would … since whenever there’s a situation where you can go back to the well, where there’s a bunch of property and you just know it’s going to be there for quite some time, don’t buy a ton of it. Buy three, four, five properties, see how it goes. See what the reaction is.

Jill DeWit:                           Right.

Jack Butala:                       Hey by the way, on these HOA’s they will almost always write it down to zero if you ask them. If you say, “Hey I’m not going to buy these properties because there’s a bunch of accumulated leans or fees on them”. If you go in and say … Jill’s an expert at this, she did it, I can name three places she’s done it in the last few years. “I’m sorry we would love to buy your stuff, my check book is open, you got to write the leans down to zero”.

Jill DeWit:                           And I’ll buy several.

Jack Butala:                       Yeah.

Jill DeWit:                           That’s my thing, I’ll buy a chunk of them, what can we work out together? And they’ll negotiate.

Jack Butala:                       You can really hard ball that.

Jill DeWit:                           They can’t … what they’ll do though, they can’t mess with the taxes traditionally but with the HOA fees, they sure can.

Jack Butala:                       Yeah and in some very rare cases the county will write the taxes down.