Transcript

Steve:

Steve and Jill here.

Jill:

Hi.

Steve:

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

Jill:

And I'm Jill DeWit broadcasting from awesome, Southern... Are we southern or central area?

Steve:

Central?

Jill:

Excuse me. Awesome, Central Arizona. [inaudible 00:00:16] I have got to figure that out.

Steve:

Our elevation's 1500 here. In California, we were at elevation number... Like one foot.

Jill:

There we go.

Steve:

You know how you obsess on-

Jill:

I do obsess on that.

Steve:

On the weather and stuff?

Jill:

And GPS and all that.

Steve:

I have elevation issues. I put elevation in every single one of our land postings.

Jill:

[inaudible 00:00:38] you remember, you used to have that thing... And it was dialed into satellite stuff?

Steve:

Yeah, the weather...

Jill:

Yeah. And it would tell you all kinds of cool... The barometric pressure and things like that. I'm going to get one of those again for the new house.

Steve:

I think that you can get... I like the one that goes on the roof, where you don't need the internet.

Jill:

This one didn't need the internet too.

Steve:

So you install a little thing that goes... You ever see those little...

Jill:

A little gyro thing?

Steve:

Yeah.

Jill:

Oh, well you can do that if you want. I don't need that.

Steve:

[inaudible 00:01:09] Jill's out, if you have to install anything now.

Jill:

Exactly.

Steve:

Do you ever notice how girl products are just like open it and plug it in? And it's clean and pretty and simple and you don't really get any real information or the meat of anything? But-

Jill:

Why is this a bad thing?

Steve:

They're happy.

Jill:

It should work. I should open up and plug it in.

Steve:

I think I just described Apple computer.

Jill:

It's like a bathroom scale and should be able to just do it quickly. Not have to program the whole thing.

Steve:

Before Jill starts to talk about women's weight. Today, Jill and I talk about introducing Land Academy accountability and women's groups.

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. And if you're already a member, please join us on Discord.

Jill:

Okay.

James wrote, "Hello. When filling in the red, yellow, and green tests in the equity planner, which filters are used for land and farm to get land postings and Redfin [inaudible 00:02:09] data?"

Assume on Redfin for [inaudible 00:02:13] data, you only select land for the last three months. And for land and farm, no houses and undeveloped land. However, the numbers from these filters are very different than the numbers in the example Jack uses for the equity planner.

And I want to make sure I'm doing this right.

Steve:

You're doing it right. James, I can tell you haven't filled this out before and by this question, you are going to be wildly successful at this.

Whenever I get questions about equity planner, data scrubbing. Like yesterday, the school district thing yesterday was nothing short of amazing. I didn't make enough of a big deal about how positive that is like Jill did. So I'm doing it now.

The answer is this. When you have a lot of data available, i.e. You have an urban county or a zip code that you're sending it to, then use it all in from one source, probably Redfin. You're not going to get the data that you need in realtor, all of it. And you're not going to get all of the data that you need in Zillow. You are going to get it in Redfin.

The bad news is that Redfin's coverage doesn't... Rural counties are not a priority for them. So you're doing it right. I can tell. In three months is great, that's actually what I use. It's interesting that you say three months, because that just made sense to you and that makes sense to me. Jill likes 30 days, but there's not enough data. You can do it back three years if you want on Redfin, that's, that's not apples to apples. Because real estate market was not the same thre...