Information and Inspiration (CFFL 510)

Transcript:

Jack Butala:                         Jack Butala with Jill DeWit.

Jill DeWit:                            Hi there.

Jack Butala:                         Welcome to our show today. In this episode, Jill and I talk about information and inspiration. If you're a regular listener, you've heard us say this maybe a million times.

Jill DeWit:                            Exactly. Wonder ...

Jack Butala:                         Before we-

Jill DeWit:                            ... who's who.

Jack 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:                            Okay. Brian shares or asks, this is a question regarding a seller financing deal. Okay. I sell a property to a buyer and we do seller financing. He doesn't get the deed until the balance is paid in full. Can the buyer begin building on the property or move a trailer on the property without holding title?

Jack Butala:                         I hope so.

Jill DeWit:                            Right.

Jack Butala:                         Now, this is a personal decision you have to make, but I think the more the people use it and enjoy it, the better.

Jill DeWit:                            Right.

Jack Butala:                         Plus, they're improving your property.

Jill DeWit:                            Mm-hmm (affirmative). I'd tell them, too, say they're thinking about it. They're like, "Hey, can we go camp there for the weekend and see if we like it?" Heck, yeah, you know, or even when we agree on the deal and they are just so excited they want to, like you said, they want to start using it right away. I tell them, "Sure, even though the transaction is happening on Tuesday, if you want to go out there and pull weeds, go for it," but you know what I mean.

Jack Butala:                         I like to say this, you know, all the evil stuff you've ever said about lenders or even thought about, you have to take it back because now you're a lender.

Jill DeWit:                            Well, there is that.

Jack Butala:                         You're actually a lender, Brian.

Jill DeWit:                            It's funny.

Jack Butala:                         You call the shots.

Jill DeWit:                            Yeah.

Jack Butala:                         You're the bank.

Jill DeWit:                            That's true.

Jack Butala:                         Do you want to be an evil bank, or a good bank?

Jill DeWit:                            Right.

Jack Butala:                         I say, be a good bank and set them free.

Jill DeWit:                            Mm-hmm (affirmative).

Jack Butala:                         Let them enjoy it.

Jill DeWit:                            You want them to start improving it and making your property nice and all that good stuff.

Jack Butala:                         Do you have a question or you want to be on the show? Reach out to either one of us on LandInvestors.com. Today's topic, Information and Inspiration Defined. Jill and I came up with this a lot of years ago. I'm the information and she's the inspiration and it occurred to me recently that we talk a lot about information.

Jill DeWit:                            We talk a lot.

Jack Butala:                         Period.

Jill DeWit:                            I thought it was going to stop there.

Jack Butala:                         You know what's nice about this show is we talk a lot and no one talks back.

Jill DeWit:                            We talk a lot. That's my new ...

Jack Butala:                         Everybody's shaking their head and they're throwing up a little bit in their mouth.

Jill DeWit:                            ... Captain Obvious moment.