Jack Thursday - Challenges of the Times We Live In (LA 1641)

Transcript:

Steven Butala:

Steven, Jill.

Jill DeWit:

Happy Thanksgiving.

Steven Butala:

Oh my gosh. I hadn't thought about that.

Jill DeWit:

Yep.

Steven Butala:

Welcome to the Land Academy Show and welcome to Thanksgiving. If you're listening to this, shouldn't you be doing something else right now?

Jill DeWit:

You are sick of your family. Aren't you?

Steven Butala:

You're obtaining land investment talk. I'm Steven Jack Butala.

Jill DeWit:

And I'm Jill DeWit broadcasting from the valley of the sun and hosting a big meal.

Steven Butala:

Today is Jack Thursday. I'm going to talk about the challenges of the times we live in, Thanksgiving style.

Jill DeWit:

This is the biggest one I've ever done.

Steven Butala:

Shouldn't you guys have something better to do than recording a show and talking to us on Thanksgiving. Ah, we recorded that way weeks earlier.

Jill DeWit:

I know.

Steven Butala:

Right Jill?

Jill DeWit:

But I'll post something. I'll do some stuff on social media today. So you can see our little bash in our event. This is the biggest bird we have almost 26 pound bird. It's awesome.

Steven Butala:

That's one of two.

Jill DeWit:

That's true.

Steven Butala:

She's got a, Jill's a pilot. So she's got -

Jill DeWit:

Backup.

Steven Butala:

Redundancy.

Jill DeWit:

Oh, I do. Yeah. There are backups.

Steven Butala:

There's two of everything in case one fails.

Jill DeWit:

That's true.

Steven 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. And don't forget to subscribe on the Land Academy YouTube channel. Comment on the shows you like.

Jill DeWit:

Greg wrote. So listing on eBay question here, when I'm listing land for sale on eBay, what is the best day of the week and time of day for the auction to end? This is awesome.

Steven Butala:

Here's my actual response. This is a question in discord. I'm going to, this is what I typed in. I'm going to read it to you and then Jill's going to make fun of it.

Jill DeWit:

You have decades of, you have a lot of, years of experience.

Steven Butala:

It said, hello, eBayers. Yeah. If you post or schedule a $1, no reserve 30 day auction on any Friday, any given Friday, it'll close on 30 days later on a Sunday. For a point of reference, we posted about at about 6:00 PM Eastern time or scheduled it. So it would close at that same time on a Sunday, 30 days later. With a decade long strategy, we sold about $20 million of property at an overall 60% gross margin. It took a staff of about eight people working full time and all that's associated with that, the expense and the drama. You can imagine. As a simple reference point now, and I'm going to make the, this is the point of the show. Fast forward to this year as a simple reference point, we'll generate about $2 million net, that's net, not gross this year, buying and selling land with a part-time staff of two, 10 and 90 nines, happily working at home.

Steven Butala:

I'm not bragging here at all, but all of us in this land academy environment have all the tools, including all the money you would ever need and all the relationships to make millions of dollars a year with very little effort and risk and commitment.

Jill DeWit:

I hope Justice you saw that post and read that, because that ties into what we were talking about last week on clubhouse.

Steven Butala:

I spent decade -

Jill DeWit:

That's really cool.

Steven Butala:

We always had food on the table, Jill and I. I've always had food on the table, but we spent collectively and individually a lot of time failing at real estate and other stuff in life, so you don't have to. It's Thanksgiving, so that's what I want. I want to send that, convey that I hope you're as thankful whether you're Land Academy member or not, for everything, how this works. Today's Jack's Thursday. I'm going to talk about the challenges of the times that ...