Driving for Buyers not Dollars

Transcript: 

Jack Butala:                         Jack and Jill, here.

Jill DeWit:                            Hi.

Jack Butala:                         Welcome to the Jack Jill show, entertaining real estate investment advice. I'm Jack Butala.

Jill DeWit:                            And I'm Jill DeWit, broadcasting from sunny Southern California.

Jack Butala:                         Today, Jill and I talk about Driving for Buyers not Dollars. If you've heard any of our shows, up to this point-

Jill DeWit:                            You know how I feel about this.

Jack Butala:                         You know how Jill has a problem with driving for dollars. What is that?

Jill DeWit:                            Yes, basically anything that is a huge waste of time. You know, because it ... I got to say this. To me, it's like common sense to know that putting five business cards in my pocket and walking around going door to door for anything, there has to be a better way. Seriously, you know what I mean?

Jack Butala:                         It's inefficient, there's no doubt about it.

Jill DeWit:                            Here's an example, when was the last time ... I don't about the planet, but for us I haven't seen a Girl Scout cookie person in a long, long time.

Jack Butala:                         Why is that?

Jill DeWit:                            You know what? I don't see them door to door. I only see them in front of the grocery store. They can hit a lot more people in front of the grocery store, than they can going door to door the old way.

Jack Butala:                         It's hard to get murdered in front of the grocery store, too.

Jill DeWit:                            Jack, what the heck?

Jack Butala:                         Before we get into this, let's take a question posted by one of our members on the Jackjill.com online community. It's free.

Jill DeWit:                            Okay, Jeff U. asked, "For me, I am concerned about making any money in this venture." I love it. He's in it, because I've been seeing a lot of questions here. He may or not be concerned, because he's sure involved, and he's doing a lot of work thinking. I don't see you concerned, Jeff, I see you planning. I appreciate this. This is good.

Jack Butala:                         Well said, Jill.

Jill DeWit:                            You're doing all your homework. I appreciate that, too. I think that's where this is going, because I wouldn't be answering this question if it weren't this way.

Jack Butala:                         Jill's going to read off the fees that he believes are associated with starting a land buy and sell business. I'm going to comment as you go.

Jill DeWit:                            Okay, good. Comment or interrupt?

Jack Butala:                         Yeah, interrupt.

Jill DeWit:                            Just kidding. All right, so Jeff says, "I'm concerned about making any money in this venture. I might be missing some costs or have some costs wrong, so please feel free to correct me if I'm off in the numbers. Here is my breakdown of the fees. One-time fees, the Land Academy Education.

Jack Butala:                         Yup.

Jill DeWit:                            Legal documents.

Jack Butala:                         Nope.

Jill DeWit:                            One time fee, an LLC.

Jack Butala:                         No, you don't need that.

Jill DeWit:                            Logo design.

Jack Butala:                         No, no, no.

Jill DeWit:                            Thank you. Well, that was easy.

Jack Butala:                         This is fun.

Jill DeWit:                            Education. This is really good. I'm trying to think is there anything else? I can't think of anything else. He's right, just the one-time education fee. That's it, done.