Infill Lots or Large Acreage? (JJ 669)

Transcript: 

Jack Butala:                         Jack and Jill Here.

Jill DeWit:                            Hello.

Jack Butala:                         Welcome to the Jack Jill show, entertaining, real estate, investment talk, I'm Jack Butala.

Jill DeWit:                            And I am Jill DeWit, broadcasting from sunny southern California.

Jack Butala:                         Today, Jill and I talk about info lots or large acreage, which one, which product type works better for you. Which one makes more money, which one's easier to deal with, what attracts more buyers.

Jill DeWit:                            What are the differences ....

Jack Butala:                         Yeah, I feel qualified, and I'm sure Jill does too, to answer .... to tell you what we think. It rarely translates ....

Jill DeWit:                            You know, that's one thing that's so great about you Jack. You never, don't have an opinion, I just want to say that. That's double negative but, you're really good .... Good, bad or otherwise-

Jack Butala:                         Yeah.

Jill DeWit:                            .... sharing your opinion.

Jack Butala:                         Yup, yeah the good thing or good news is that, you know people can turn this show off.

Jill DeWit:                            Well, that's true, well I was gonna give another positive, which is people .... you know where you stand, but you know-

Jack Butala:                         That's true.

Jill DeWit:                            There's no wishy washiness about you Jack. You know, there's no "Gee did he .... what did he mean, was he being sarcastic? Oh no, that was legitimate, if he looks pissed, he probably is".

Jack Butala:                         There's a compliment in there somewhere.

Jill DeWit:                            There is.

Jack Butala:                         Or maybe not, I don't know we'll find out in a minute.

Jill DeWit:                            Ha, okay.

Jack Butala:                         Before we get into it, let's take a question, posted by one of our member's on the JackJill.com online community, it's free.

Jill DeWit:                            Okay, Jordan asks "So I recently purchased a parcel of land that .... of Jack's four A's, which we'll cover in a second. Really only has one .... only has acreage, and could be sold for a relatively small amount of money. As I was able to purchase it for very little, but other than that, admittingly doesn't have much going for it".

Jack Butala:                         So my four A's, before Jill continues her question are: Acreage, every time you look into a property, you check for the four A's. So does it have acreage? More is better, this is for land only. Does it have affordability? Cheaper's better.

Jill DeWit:                            That's number two.

Jack Butala:                         Does it have access?

Jill DeWit:                            That's number three.

Jack Butala:                         Can you get to it, and number four is, attributes. Is it close to the Grand Canyon? Is there a working ranch next to it? Is it there .... Is there mountain views? Anything that makes it-

Jill DeWit:                            .... Heavily tree'd.

Jack Butala:                         Yeah, any of those things.

Jill DeWit:                            Some kinds of cool attribute.

Jack Butala:                         Camping spot.

Jill DeWit:                            Exactly.

Jack Butala:                         Mobile lot, all that stuff so, he checked for his four .... The four A's and only had one, acreage.

Jill DeWit:                            He chose acreage, well, you know what, I'ma say it technically kinda has two. It's got acreage and affordability where we're going with this, so let me .... I'ma continue on.