How Much Does it Really Take to Start Land Business (CFFL 0064)

Jack Butala: How Much Does it Really Take Start Land Business. 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:                     Jack Butala here for LandAcademy. Welcome to our cash flow for land show. In this episode Jill and I talk about a question that each of us answer every single week, if not more. How much does it really cost to start in the land business? In this episode I’ll break it all down dollar for dollar with some great, sincere accuracy. Jill, I'm glad we’re doing this show. I think it's going to help a lot of people and help a lot of Land Academy members and maybe inform some casual listeners. How much did it cost when you started? This is a trick question.

Jill DeWitt:                           It is a trick question.

Jack Butala:                     Because I think it was pretty close to zero.

Jill DeWitt:                           It was pretty close to zero. Let's be honest, if you have support and knowledge you could really start with not much money.

Jack Butala:                     I'm going to …

Jill DeWitt:                           That's a trick and I know.

Jack Butala:                     Very briefly describe how Jill started. I had a bunch of property left over from a huge acquisition that it was in the middle of the real estate downturn and I just said knock yourself out. These properties are not I don’t think … They weren’t selling that well. They sell great now.

Jill DeWitt:                           You were testing me I think.

Jack Butala:                     During the downturn. I just wanted to see if you were into it or whatever and she did. She put a whole system together and started selling it and making some good money. You were making enough money so that I'm like maybe I need to …

Jill DeWitt:                           he was like did I just give her all of those?

Jack Butala:                     That's what, I was what the heck?

Jill DeWitt:                           You were whoops what did I just do?

Jack Butala:                     I created a monster.

Jill DeWitt:                           Totally, you just gave me a little bit of guidance like a toddler. You taught me to walk a little bit and you sit back to see if I could actually walk and run and then I took off that was really cool.

Jack Butala:                     Yeah, behind closed doors I was there's no way this is going to work. Then, you just, you did. You killed it.

Jill DeWitt:                           You're like, “You sold another one?” I'm like, “Yeah.”

Jack Butala:                     It ended up she spent 2 hours after her regular job making a couple thousand dollars a night.

Jill DeWitt:                           Yeah, it was awesome. It was really cool. It was really funny.

Jack Butala:                     I said alright we've got to make this; this was a long time ago.

Jill DeWitt:                           It was.

Jack Butala:                     It was fun. That was a fun period.

Jill DeWitt:                           It really was.

Jack Butala:                     It's fun now too.

Jill DeWitt:                           Yeah, because I wasn’t looking to leave. I didn’t realize what else was out there at time. I wasn’t in the right mindset and so this was just gravy.

Jack Butala:                     How much does it really take to start your land business? Like everything in life, you have to start with education. It cracks me up about real estate. You go on BiggerPockets and I answer a lot of questions on BiggerPockets and talk to new investors all the time. They all think that it starts with buying a piece of real estate.