Flipping Land in Canada or Mexico or Australia (CFFL 0046)

Jack Butala: Flipping Land in Canada or Mexico or Australia. Why We Can Afford to Give Land Away Every Month. Every single month we give away a property for free. It's super simple to qualify. Two simple steps. Leave us your feedback for this podcast on iTunes and number two, get the free ebook at landacademy.com, you don't even have to read it.  Thanks for listening.

Jack Butala:                   Hey, this is Jack Butala for Land Academy. Welcome to our "Cash Flow from Land" show. In this episode, Jill and I talk about buying land in other countries. Is it a good idea or is it a bad one? I've done it both ways, and I'll share some stories and give you some advice. Jill, are you surviving this chilly, cold, crazy Scottsdale weather OK? I know you're from southern California, and it's hard on you.

Jill DeWit:                            It is.

Jack Butala:                   Forty degrees is tough.

Jill DeWit:                            I'm wearing a sweatshirt and a turtleneck today, and yep. It's funny you say that. I was watching the news this morning and I was noticing New York was commenting how they're having the opposite. They're pushing seventy, and everybody's melting and not happy about it. I thought it was funny that New York is actually warmer than Scottsdale, Arizona, today, if you could imagine that. By twenty degrees, too. It's really funny.

Jack Butala:                   It's December.

Jill DeWit:                            It's crazy.

Jack Butala:                   Do you have any desire to own real estate in Mexico?

Jill DeWit:                            Oh, my goodness. No. I saw that question and I thought, "All right, I don't even want to talk about it with you ahead of time. I want this just to happen like it's happening right now."

Jack Butala:                   Why just "No"? Why?

Jill DeWit:                            Oh, my goodness. No. It's new.

Jack Butala:                   How about Canada?

Jill DeWit:                            Sure. I would in Canada.

Jack Butala:                   How about Australia?

Jill DeWit:                            I don't know much about that, so I'm going to make educated guesses based on facts, not my heart. Would I love to live long-term in Mexico? Absolutely. Do I want to own where I live? No way. From the legalities, and when you get into these other countries, there's a lot that can go wrong, and I'd just rather not mess with it.

Jack Butala:                   Here's the issue that I have with it. I purchased lots of property in Canada, actually. I spent a month in Costa Rica researching and figuring out how to buy property there. In the end, what I came up with is this. There's no real recourse if something goes wrong. The very few times that some stuff's gone wrong in the career that I've had here flipping land and other types of real estate, the very few times I could call my attorney and say, "This guy's just not complying," or "Let's go through the legal procedures to make sure that we can get what we want out of this thing, because it's going sideways," I can't imagine doing that in Mexico.

Jill DeWit:                            Right. Exactly. You're not a citizen. You're not going to get the same attention, too, I think, as a local person there.

Jack Butala:                   Yeah. I've never really looked into it that far because of what I'm saying here, but even if you are local, I just wonder ... You just don't ...

Jill DeWit:                            Have you ever met a Mexican attorney?

Jack Butala:                   No.

Jill DeWit:                            See?

Jack Butala:                   Well, I haven't.

Jill DeWit:                            I haven't either. I would never ... Isn't that interesting? Driving around, it's not like you see a lot of legal ... There's not a Lerner and Rowe in ... I don't know.