He's not Going to Make it in this Business (CFFL 0050.2)

Jack Butala:  He's not Going to Make it in this Business. 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 Cashed Flow from Land show. In this episode, Jill and I discuss why some people shouldn't really even ever really start down the path of real estate investment as a career or even a part-time gig. On the onset of it, it sounds kind of negative, but I'd like to think we're probably saving a lot of time and money for not a ton of people, but some people, you think, Jill?

Jill DeWit:                            I think what's funny is how we decided to cover this topic is we were talking about some individuals over breakfast one morning and it was just funny some of the roadblocks people were putting up for themselves and how you and I answered it was all right, they're not going to make it. If this is all it takes for you to whatever, get all sidetracked, you might not want to do this. I'm sure that's the same for a lot of things.

Jack Butala:                   I'm allowed to say this topic, because I obviously chose it or it chose me. I don't how really that works anymore, but I love real estate and I love land. That's part of it. I don't think that's necessary, but I think that it matters. I think there's a few basic things, before we actually get into the types of people that I think they're wasting their time and our time. There's some big picture rules about business that I've learned over the years that I think, I'm always constantly writing a book about these big picture things and some of them get done and some of them don't, but there's a few rules about partnership and businesses that I think are actually pretty good.

Some of them are really silly, but one of them is never go into business with a partner that you don't like. You'll spend a lot of time with that person. If that person's really just coming at things in a real different way and it's a mess, then that's one issue.

Another thing is don't generally get into a business that, whatever you're doing for a living, you're not into it. There's a pretty good chance I am not going to buy oil change franchises ever in my life. I think that's just not what I'm into. It's not my thing.

Jill DeWit:                            I agree. You have to be behind it. If you are behind it, it's very easy to be successful. If you're not really behind it, you don't really buy into what you're doing, then that just comes out, I think. I've had jobs, this is way back in my teens where I had jobs where at that point in my life, it was a job. Then I realized I was awful if I didn't buy into it, whatever it was I was trying to do. If I didn't agree with the whole concept ...

Jack Butala:                   Right. Yeah, you didn't buy into it.

Jill DeWit:                            ... it didn't work.

Jack Butala:                   There's a bunch of businesses I literally failed at, literally. These are real stories. I failed at a business that ...

Jill DeWit:                            I can't wait. I'm ready.

Jack Butala:                   I'm going to tell you why.

Jill DeWit:                            This is awesome.

Jack Butala:                   I know why I failed at all of them. I failed at a business where I had a classic car dealership, because I love classic cars, so I got all emotional about every car that came in.

Jill DeWit:                            Spent way too much.

Jack Butala:                   Yeah, too much time and money. All emotion. I wanted to keep half the cars or drive them for like 6 months.