Jack Thursday - Constant Change Personally and Professionally (LA 1577)

Transcript:

Steven Butala:

Steve and Jill here.

Jill DeWit:

Hi.

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 pretty Phoenix, Arizona.

Steven Butala:

Hey, it's Jack Thursday. I'm going to talk about constant change, personally and professionally. Should be no surprises here, yet we get constant questions.

Jill DeWit:

We're not talking about changing your marital status or the number of children or things like that. That's not what we mean by constant change. Correct?

Steven Butala:

This is all because on Discord, somebody who's brand new, rightfully so, requested that we add a channel called new stupid questions.

Jill DeWit:

Oh.

Steven Butala:

And I didn't realize this, but people were kind of intimidated about asking brand new questions, and that should never happen in an environment like this. And so-

Jill DeWit:

Put stupid questions.

Steven Butala:

Just brand new questions like, is 40 acres of better than 20? And I'm in there actively saying there's no such thing... there isn't, no such thing as a silly question or a wrong question-

Jill DeWit:

Exactly. It's okay.

Steven Butala:

... in that channel. There's a lot of places where that's a ridiculous question, including some places in Land Academy, but-

Jill DeWit:

Got it. I understand.

Steven Butala:

That's what this is about.

Jill DeWit:

So, as a disclaimer, if you open this thread, be ready. That's good.

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 if you're already a Land Academy member, join us on Discord, like I just said.

Jill DeWit:

Danielle wrote "When sending out neighbor letters, do you just send a certain radius around a property? How far out do you go? Thanks."

Steven Butala:

Okay. I specifically chose this question because of this topic. What do you think the answer is?

Jill DeWit:

Till you get a certain number because you... I don't want like three. I want a lot. Okay, let me back up. Are you getting mad? You look like you had like a "huhh."

Steven Butala:

No, I'm not mad at you.

Jill DeWit:

Oh, thought-

Steven Butala:

And I'm not, certainly not mad at Danielle. Just go ahead. [crosstalk 00:02:12]

Jill DeWit:

Well, you know what? Now I'm afraid to answer. Oh, I'm not going to answer now. You go.

Steven Butala:

What do you think the answer is to this question?

Jill DeWit:

Do you get-

Steven Butala:

And why are we trying to put this in a box? It has nothing to do with Danielle. Please don't take this personally.

Jill DeWit:

No. I personally go out far enough-

Steven Butala:

The answer is it constantly changes.

Jill DeWit:

Oh God. Okay, I can't win.

Steven Butala:

I don't know. There's a constant theme that goes on in Land Academy, and I think in life, where everyone's trying to get a straight answer, a straight hard answer-

Jill DeWit:

I understand. It's not 1.2 miles.

Steven Butala:

Yes, thank you, Jill.

Jill DeWit:

That's fair. Okay. Now I understand where you're trying to go with this. Yeah, because 1.2 miles, depending on... Here's why. 1.2 miles, depending on how big all the properties are around there, might give you 10, and that's really not enough.

Steven Butala:

How many is enough?

Jill DeWit:

Maybe you go so enough that-

Steven Butala:

You can't answer that.

Jill DeWit:

All right.

Steven Butala:

There's no answer to this.

Jill DeWit:

Well, enough that you're going to yield a bunch [crosstalk 00:03:10] of feedback.

Steven Butala:

It constantly changes, and you have to get... This is what's beautiful about real estate and what is awful about, let's say day trading.

Jill DeWit:

It is Jack Thursday.

Steven Butala:

Because there is an answer. There is an answer about day trading to everything. If you do this,