Is There Any More Land to Buy (LA 806)

Transcript:

Steven Butala:                   Steve and Jill here.

Jill DeWit:                            Hello.

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

Jill DeWit:                            And I'm Jill DeWit broadcasting from beautiful sunny southern California.

Steven Butala:                   Today Jill and I talk about is there any more land to buy? And I have to, we, every I don't know what? Two months, three months we do a show called like this?

Jill DeWit:                            It comes up.

Steven Butala:                   It's our number, maybe top three question frequently asked question we get so ...

Jill DeWit:                            It is. It comes up.

Steven Butala:                   Every couple of months we try to dispel it forever, but it keeps coming up. Which I understand 'caused quite honestly I had this question when I started.

Jill DeWit:                            Could you imagine though like it's just kind of, for me, it's I know the answer and it never concerns me and I wonder why people get hung up on it. It's like ...

Steven Butala:                   Because it's such a good idea what we do.

Jill DeWit:                            Yeah.

Steven Butala:                   I can answer that. Jill and I we're at a cocktail party. When was this? I don't know, couple a weeks ago, again somebody asked us what we do for a living so Jill and I answered and this guy, I didn't know it at the time, happened to be like a commercial real estate investor in Los Angeles. A very successful one.

Jill DeWit:                            Right.

Steven Butala:                   So I'm describing it the way I would describe it to a new member and his answer immediately was, "Well why isn't everybody doing this?"

Jill DeWit:                            Yeah.

Steven Butala:                   And I said I ask myself that question every day. And he said, "Well I want to get involved in this." And I said, "I think you should." He said, "Well it's probably too late isn't it. Everyone's doing it.

Jill DeWit:                            That's ...

Steven Butala:                   This is a guy that owns office buildings and stuff.

Jill DeWit:                            Exactly.

Steven Butala:                   And apartment buildings.

Jill DeWit:                            I would be more worried about his.

Steven Butala:                   And it's his first question.

Jill DeWit:                            I know.

Steven Butala:                   His first question is am I too late to the party? So we just laughed about it and then we so we're going to take a different approach today and a couple minutes here and try to throw some pretty big numbers. Jill, this is Jill's idea. There are some pretty amazing statistics, big picture statistics about how much land is actually really out there and there's no way, for the record to answer, the short answer to the question is, there's no way we're ever gonna trip over each other's feet.

Jill DeWit:                            Exactly.

Steven Butala:                   But before we get into it which I [inaudible 00:01:56] sort of already did, let's take a question posted by one of our members on thelandinvestors.com online community. It's free.

Jill DeWit:                            Mike asks, "Hello. I have a seller who has two 16 inch pipelines buried on his property. 9 acres divided into three parcels. The pipeline, ROW,