How Much Monthly Income is Right for You (LA 1373)

Transcript:

Steven Butala:

Steve and Jill here.

Jill DeWit:

Hi.

Steven Butala:

Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala.

Jill DeWit:

And I'm Jill Dewitt, broadcasting from sunny Southern California.

Steven Butala:

Today Jill and I talk about how much monthly income is right for you. A lot of times, Jill and I have real technical shows like why Black Knights new products are so awesome. And a lot of times we don't have technical shows. This is a non-technical one. These are fun for me.

Jill DeWit:

Exactly. I'm glad.

Steven Butala:

Before we get into it, let's take a question posted by one of our members on the landinvestors.com online community. It's free.

Jill DeWit:

I hate to tell you this. I'm not sure we're recording. Oh, it is. Sorry. You know what's so funny, I can't see from our, we moved our screens around a little bit and I usually see this little ticker going along and I didn't see the ticker going along. I'm like, uh-oh, but we are in good shape. Thank you very much. Hey, it's Friday. Thank you for embracing the casual here.

Okay. Joseph wrote, "Hi all. I have sent out a mailer recently and have received several responses. A lot of the interests I received has been for parcels that are completely wooded. The lots have been located inside smaller cities, like less than 5,000 people, just by happenstance, so hunting on them would be out. My question, is this, does anyone have an idea on how to spin a tale that could sell completely forested property or is it even worth pursuing? I have not yet purchased any of them so far, but they're definitely in ideal locations. I would appreciate any advice anyone has on this subject."

You know what, this sings to me.

Steven Butala:

It sings to me too.

Jill DeWit:

Because it took me a while, Joseph, to get this, not, it didn't take me awhile, but I had to embrace this concept. And I think this is what's going on. Just because it's not your cup of tea doesn't mean it's somebody else's. I, early on, was shocked and amazed by the number of people that want really remote properties. And then I was shocked and amazed by people who want this kind of access. And then I was amazed by people who want this size and this, whatever it is, it doesn't matter.

Steven Butala:

Doesn't matter at all.

Jill DeWit:

You are perceiving what you think might be a negative thing about a property is a positive thing to the right person. And all you have to do is properly convey whatever it is. Celebrate this whatever attribute and I mean, every property has an attribute. There are properties out there that are so heavily wooded that someone's like, "I love it. I can have a little path and a hidden driveway and nobody knows I'm back there."

Steven Butala:

That's me. I fall into that group.

Jill DeWit:

See, there you go. And there's other people like no, I'm spending a million dollars on this house. I want everybody who drives right by to see my million dollar plantation, whatever it is. I have properties that are in every possible part of they've been cleared, they've not been cleared. They have a cliff, they don't have a cliff. Whatever it is. There's a few things that you want to always check the boxes and just make sure you're addressing. Those are the five A's that you know about Joseph, which are also I'll state them just real quickly here. Access, attribute, acreage, affordability, and the new one we've added, which is alive. When you buy a property, make sure they can-

Steven Butala:

They can sign the deed over.

Jill DeWit:

Exactly. It's not going to be a nightmare getting it out of their name into your name. Or the person who died 50 years ago into your name. So you want to address those things, but you can't assume, and you can't think that someone's going to want it. There's somebody, there's probably a lot of people who would love this.