Eliminating Risk from Real Estate Deals (LA 775)

Transcript:

Steven Butala:                   Steve and Jill here.

Jill DeWit:                            Hi.

Steven Butala:                   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 eliminating risk from your real estate deals. I love this topic.

Jill DeWit:                            I do, who doesn't? Who wants risk in anything?

Steven Butala:                   That's right.

Jill DeWit:                            I don't want it. Wait, wait, wait. What else can we eliminate risk in? Quickly, right now. Can we eliminate it in raising children?

Steven Butala:                   This is a great topic.

No. Can't, well maybe. Yeah, there's some stuff. You have a little bit of control over there, not tons.

Jill DeWit:                            How about marriage risk?

Steven Butala:                   I was thinking about that too.

Jill DeWit:                            How about choosing a degree in college? Think about this.

Steven Butala:                   You have a lot of choices.

Jill DeWit:                            We do.

Steven Butala:                   People have a lot of choices.

Jill DeWit:                            It's true.

Steven Butala:                   I'll tell you what though, of all the stuff that we do, this is maybe the least risky.

Think about that for a second. Everybody thinks so hard in real estate.

Jill DeWit:                            Yeah. But it's so nice. Especially the way we do it. Paying cash and having a deed. Knowing that you own it, no one's gonna come after you. No one is gonna take it away from you. There's no mortgage on it. Talk about-

Steven Butala:                   Well the risk for me is not buying it.

Jill DeWit:                            I sleep very well at night.

Steven Butala:                   So here's just two points ... well we know that. We flaunt that.

Before we get into it, let's take a question posted by one of our members. I have so much stuff to say, that's why.

Jill DeWit:                            I can tell.

Steven Butala:                   One of our members, on our Land Investors ... the question posted by one of our members on the Land Investors online community, it's free.

Jill DeWit:                            That was like a robot. You just sounds like a robot that went through all these sentences really, really fast.

Steven Butala:                   Oh, really? Okay.

Jill DeWit:                            No, no, no. They did good.

Steven Butala:                   'Cause I wanna get to the topic, 'cause I like it.

Jill DeWit:                            That's so good, okay.

Micheal asked, "From your experiences, how much would it cost to start this business ... " I have something funny to say about this in just a second.

Steven Butala:                   Yeah, you can answer it first.

Jill DeWit:                            Okay. Well I kind of ... let me read the question and let me tell you my comment afterwards. And then you;; get this. "From your experiences, how much would it cost to start this business and give myself the best opportunity for success? Including the cost of the course, mailings membership, and of course, purchasing land. What would be the minimum target for me?