Forgotten Real Estate Acquisitions

Transcript: 

Jack Butala:                         Jack and Jill here.

Jill DeWit:                            Hi!

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

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

Jack Butala:                         Today, Jill and I talk about forgotten real estate acquisitions. Jill got all excited before at the beginning of the show.

Jill DeWit:                            I know. I'm like, "What is this topic about?"

Jack Butala:                         No, that's not what you said. You said, "Oh, my God, what is this topic about now?"

Jill DeWit:                            Thanks a lot. Alright, Jack. Lay it on me. What are we talk ... I'm lost. Where are we going with this one?

Jack Butala:                         And this is what I said. We have a database, an old, old database, that we reinstated recently. It's one that I used, actually, almost before Jill, I think. There's 6,000 or 7,000 transactions in there that the client purchased based on mailers and stuff for a lot of reasons that we're going back through now 'cause we're much more sophisticated and ...[inaudible 00:00:59] more experienced?

Jill DeWit:                            I can't want to talk about this. Oh, I have some thoughts on this.

Jack Butala:                         It's truly, in a real sense of the word, awesome. But before we get into that, let's take a question posted by one of our members on the JackJill.com online community. It's free.

Jill DeWit:                            You're right. When you told me what the topic was about, a light bulb went off in my head and I just got excited. That's awesome.

Jack Butala:                         We have different staff now and all of that.

Jill DeWit:                            Oh, so much to share. Okay. So, Jason L. asks, "I've been doing some research on properties in the southeast portion of the country. I'm looking for another county to mail. I'm noticing a growing trend. The land for sale is not where it's supposed to be."

Jack Butala:                         What?

Jill DeWit:                            That's funny. "There are 10 properties in Alabama and only three are actually in Alabama." Where is he looking at, I wonder? "Some even say they're in Colorado or Nevada and I'm noticing this: Alabama, Georgia, Florida, South Carolina, and North Carolina so far. I've not ventured outside of that area. If you have properties on Land Pin, would you do a quick check for accuracy?" Ohh! "Just an observation and it might help sell them faster because it will be in front of the correct buyers. I only found this out because I've been [inaudible 00:02:09] for a third acre in Alabama. When I click on some of the properties, it says they're close to Pike's Peak." Hmm. "Hope this helps."

Kevin, I have a couple of people that added some comments to help this individual. So let's see what he says. They say.

Excuse me. Kevin F. said, "Jason, when that happens to me, I find that it is user error. In most cases it is V.A., Virtual Assistant error. If you don't check your listing, you'll never know. Be careful."

Jack Butala:                         It's great when I don't have to answer the questions. And echo that times 80.

Jill DeWit:                            And Luke S. actually added into and says, "Yep, I have caught some of them from time to time. Jefferson County in many states, or Jackson County, kinds of names things groom up to."

That's true too. Sometimes there can be Jefferson County, Texas, Jefferson County, Nevada, Jefferson County, North Carolina, Jefferson County, whatever. That happens ... and I have had some Virtual Assistance in other countries. You do have to check their work because they're doing their best,