Current Changes We Have Made in Our Land Business (LA 1838)

Transcript:

Steven Jack Butala:

Steven 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 DeWit broadcasting from the valley of the sun.

Steven Jack Butala:

Today, Jill and I, talk about the current changes that we've implemented in our Land business.

Jill K DeWit:

This year.

Steven Jack Butala:

Yeah, this year. Our hope is that you may consider making these changes too.

Jill K DeWit:

Yep.

This is a continuation, or a reprise, I should say, of the live YouTube Facebook talk that I gave last week, last Wednesday, which was awesome by the way. I had so much fun. It was me sharing the things that we've been doing differently this year, because my whole point is, if I'm doing it, you should be doing it too. That's what we're going to talk about today.

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. I hope you know by now that Jill and I teach a class, an advanced class, called career path. For a small group of people, it goes about 10 sessions, two or three times a year. If this is your career, or you want it to be, check it out. Land academy forward slash career path.

Jill K DeWit:

It's our top level version of coaching. Everybody wants to have that real personal coaching experience. That's what this is.

Steven Jack Butala:

Yeah.

Jill K DeWit:

So cool. Mitchell and Heidi wrote, one of the reasons we started this Land journey was to raise money, to buy and hold vacation property in other countries we like to visit. We like to own our own CR... I don't know what that is. Yucatan will probably be the first. There are possibly... Excuse me. There are absolutely risks, but one could argue the risks like that are growing everywhere, even here and having diversified foreign holdings, especially if they can give you access to multiple passports, are a good idea. A Mexican passport for instance, was the best one to have during the height of COVID, and had access to something like 186 countries, when a US passport wouldn't be allowed entry anywhere.

That's very interesting. I haven't thought about it for something like that.

Steven Jack Butala:

This prompted me. I'll say it in a second. Go ahead, and finish it here.

Jill K DeWit:

We think there'll be some opportunities in the next few years, but this whole fourth turning thing seems to have some legs. Perhaps if governments fall, who knows what happens.

Steven Jack Butala:

I love the way that you're thinking out of the box here. I really respect it. Honestly, this prompted me. This question prompted me. This is in Discord. One of our new members. To look into getting a dual passport situation in Mexico for Jill and I. I actually have started down the path of doing that. Do I ever want to own any Mexican real estate? Absolutely not. This is my opinion, and this is why you post things in Discord to get other people's opinions. I think this is a crazy risky endeavor. I think it's something that could be a really cool hobby.

Jill K DeWit:

Owning a property?

Steven Jack Butala:

Yeah.

Jill K DeWit:

Not the passport part?

Steven Jack Butala:

No, the passport's a great idea. Brilliant idea.

Jill K DeWit:

Not the hobby part? The whole property part.

Steven Jack Butala:

Owning real estate in other countries immediately exposes you to a different legal system that I'm not familiar with. I'm pretty familiar with the American legal system, and there's a lot of recourse within that system if something goes wrong.

Jill K DeWit:

Sure.

Steven Jack Butala:

If you are wronged somehow. Owning foreign real estate, I think might be a great idea. Once you have a massive American land machine, like we do, and then you can go off, and do this maybe for yourself, or have a couple of rentals.