How Much Work Really Goes into Our Land Deals (LA 1595)

Transcript:

Steven J Butala:

Steve and Jill here.

Jill K DeWit:

Hi.

Steven J Butala:

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

Jill K DeWit:

And I'm Jill DeWit, broadcasting from the Valley of the Sun.

Steven J Butala:

Today, Jill and I talk about how much work really goes into these land deals. This is a very timely topic for me personally, because as I get older, I get more frustrated, and my patience in general for a lot of stuff just gets shorter. I don't think it's specific to me. I just think it's something that happens.

Jill K DeWit:

Oh, you're glossing right over that.

Steven J Butala:

It might be gender specific too. I'm not sure.

Jill K DeWit:

Maybe. As I get older, my patience grows thinner. Yeah. So here's what I did. I gave you-

Steven J Butala:

Well, hold ... Oh my gosh.

Jill K DeWit:

I made notes.

Steven J Butala:

Okay, yeah. Go ahead.

Jill K DeWit:

Let tell you. I'm just going to give you a little snippet of what we're going to talk about. I listed things that you spend time on, things that you don't spend time on, and things you outsource.

Steven J Butala:

Oh, great.

Jill K DeWit:

Thank you. I did some homework.

Steven J Butala:

I can't wait to hear this because-

Jill K DeWit:

I came prepared.

Steven J Butala:

... there are times that I really believe that the efficiency in which Jill and I do land deals together lacks a dramatic. It's not efficient. I don't know how else to say this.

Jill K DeWit:

You know what happens? I'll tell you right now, because we each go down different rabbit holes. You go down a rabbit hole. I go down a rabbit hole, as soon as I'm like, "Okay, yeah." It just happens. We'll get to it.

Steven J Butala:

Before we get into it, let's take a question. We might get into it today, I can tell. Let's take a question posted by one of our members on the landinvestors.com online community. It's free. And don't forget to subscribe to the Land Academy YouTube channel.

Jill K DeWit:

And comment on the shows you love.

Jill K DeWit:

We got this. Shannon wrote, "So it happened. Boy, did I attract this to myself, LOL. We have a great buyer, but she went to the county website and she saw that our records haven't been updated to our name yet. So I got the email of why it says it's owned in someone else's name. I told her they're slow to record. But still what happens if we sold it before the county records and reflects the new owners?" This happens all the time. Especially now with COVID, they're not working on a regular schedule, they're behind. Some counties on purpose do them all at one time, like the end of the year. And it just often happens. Think about getting even a new plate at the DMV. How long does it take to get the plate to you in the mail? You can explain it to them just like that. It's not immediate, and by the way, XYZ county is behind, but if you really want to see it, here's the deed in showing it recorded. Here's the book and page showing that I have it, so you know. And that should be like game over.

Steven J Butala:

Let's take a step back. What she's talking about is that she bought a property and she did everything that we do here at Land Academy. She immediately posted it for sale and sold it. Everything went great. Well, the county recorder, especially in these rural counties, and the assessor, they're in different buildings and in different departments. They're completely different functions. So when she bought it, she sent in the deed and typically there's some type of affidavit that goes with the deed. The affidavit goes to the assessor when it gets sent, and the deed goes to the recorder. The recorder records it immediately and it goes into the system. Well, the system doesn't automatically get updated, especially in these rural counties. So in some cases it could take a year. It can take a whole year for Shannon's deed to,