How Much Money Do You Need to Start

Jack Butala: How Much Money Do You Need to Start. 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 with Jill DeWit.

Jill DeWit: Hello.

Jack Butala: Welcome to our show. In this episode, Jill and I talk about how much money does it really take, how much money do you need to start? Good show today, Jill? Not a great show, maybe a good show? Maybe great ...

Jill DeWit: [Yeah 00:00:13].

Jack Butala: ... let's make it great, but first, let's take a question posted by one of our members on SuccessPlant.com, our free online community.

Jill DeWit: Okay. Ben asked, "I got a call on a 2.5 acre property in the middle of a wind farm."

Jack Butala: Oh, I love these.

Jill DeWit: "The parcel is vacant, but it has a windmill in an enjoining parcel. I guess I could sell it as a relaxing space, sit in a lawn chair and watch the windmill turn." I love it.

Jack Butala: Who's Ben? Do you know Ben?

Jill DeWit: I do know Ben.

Jack Butala: This is hilarious.

Jill DeWit: I do know Ben. What's really fun is, this is a question he asked a while back, and I found it, and I thought it was hilarious too, so yeah, I put it here, and then B, I sent Ben a little note saying, "Hey, listen to this show, because we answered it," so Ben, hopefully you're listening.

Jack Butala: That's hilarious. Do you know all our members? There's a lot of them.

Jill DeWit: I know a lot of them. Ben's been with us for a while, that's why I know Ben.

Jack Butala: Buy that piece of property. Here's why. If you're a regular listener, you know we gauged all these properties that come back after we send mailers out, we gauged all these properties back with the 4 As, right? Acreage, more is better. Affordability, cheaper's better. Access, should always have some version of access. Then number 4 is attributes. Well, what a great attribute this is. I bought some property a long time ago. It was an accident. I bought it, it was under ... It was a property under those power lines that come all across from the power plant, and I said, "Oh, no, what's going to happen," so I put it up, and man, I sold it for a ton of money, and it became an agricultural situation, because it was in California, so it is in California, and they used it as like a nursery slash ... Something. It was in a small town, power lines are going right through it.

Jill DeWit: Well, clearly, then there's access.

Jack Butala: Just like this.

Jill DeWit: There's great access, because they have to get to the towers, right?

Jack Butala: Yeah, this wind farm thing, all you got to do ... Well, look, this isn't 100% sure, but if you get property like this, call the people who own the wind farm properties and stuff. They'll lead, they'll probably lease to you for ... Lease it from you forever, just for the easement alone, to ... Because all those windmills need maintenance and stuff, so that's a good, a fantastic attribute, in my opinion. It sets it apart from a lot of different ... The description writes itself, if you wanted to sell it. It's all ... I mean, you're not going to going to put a cabin on it, that's not how you'd sell this, but it's got a great attribute.

Jill DeWit: Cabin with a beautiful windmill next to it.

Jack Butala: Yeah, and this relaxing thing's funny, but it's not.

Jill DeWit: I love it.

Jack Butala: If you have a question or you want to be on the show, call 800-725-8816. How much money do you need to start in this type of real estate investment business? This is the meat of the show. Jill, how much money?

Jill DeWit: A dollar. Just kidding. This comes up often. That's why-

Jack Butala: All the time.

Jill DeWit: That's why I'm glad that you did this.