Jack Thursday - Counties You Shouldn't Mail in 2021 (LA 1532)

Transcript:

S Jack Butala:

Steve and Jill here.

Jill DeWit:

Hello.

S Jack Butala:

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

Jill DeWit:

And I'm Jill DeWitt, broadcasting from sunny Southern California.

S Jack Butala:

Today, Jill and I talk about, well, it's Jack Thursday, and I'm going to talk about counties you shouldn't send mail to in 2021.

Jill DeWit:

Oh I'm excited. Should I get out a pen and be ready to write them down?

S Jack Butala:

Actually you should, I am going to give a couple of counties that you just shouldn't send mail to, but I'm going to give you the secret weapon.

Jill DeWit:

But that's not what this is about.

S Jack Butala:

I'll give you the absolute secret weapon on how to analyze any county or parish in this entire country and it will tell you whether or not you should send out mail there.

Jill DeWit:

We're going to go through all 3144 today, right?

S Jack Butala:

No.

Jill DeWit:

Could you imagine?

S Jack Butala:

No, I'm going to tell you how to set up a spreadsheet.

Jill DeWit:

Yes, no, no, yes, yes, no, yes. That's so funny.

S Jack Butala:

I'll show you how to set it up in a spreadsheet and it'll tell you right away.

Jill DeWit:

Cool.

S Jack Butala:

Before we get into it though, let's take a question posted on landinvestors.com, our online free community, or some of the questions come from Discord and if you're already a member, you know all about the Land Academy Discord.

Jill DeWit:

Cool.

S Jack Butala:

This is like one of my favorite, I laughed out loud at this question. You have to read this all the way through.

Jill DeWit:

Okay, this is long.

S Jack Butala:

It's funny too.

Jill DeWit:

All right. Bear with me. This is going to be long. Okay.

Jill DeWit:

"I don't subscribe to Land Academy since I come from real estate oriented family and I've been involved in real estate investing for years." This is Dallas, okay. "My opinion is real estate is often hyper-local, get out on the ground and visit neighborhoods you'd like to invest in. Don't give away your investment strategy, but meet the neighbors, invest in foot leather, et cetera. Word of mouth is so powerful. Talk to cities and get to know council members, show that you care about your investment neighborhoods and want to make them even better places. You will learn so much and open up an avenue to better leads.

Jill DeWit:

Don't always enter it with expectation of flipping quickly, sometimes it makes sense to buy and hold, perhaps even develop certain vacant parcels or find temporary income producing uses. Sometimes you can work out deals with investor neighbors to acquire better parcels. PS, word to the wise, some great investment neighborhoods can be a bit rough and tumble. I'm a fairly big guy, but when I was getting started, I nearly got into a fist fight. I had an AK 47 pointed at me at point blank on one other occasion, and I've had to evict a drug addict, but I've also had disgruntled people yell at me dozens of times. Be safe and good luck."

Jill DeWit:

Boy, that sure makes me want to run out there and do the same thing. Not. What? What?

S Jack Butala:

This person is not a member and this person is engaging and engaging in what I would call a non data driven real estate career, like a real estate agent and like a person who drives for dollars or like somebody who flips houses for show on HGTV. I'm going to spend some time on this for a second.

Jill DeWit:

Can I tell you how many times I've had anything pointed in my face? Zero.

S Jack Butala:

When's the last time you saw a piece of property you even bought?

Jill DeWit:

Well, I'm trying to think of now.

S Jack Butala:

Five or eight years ago? On accident because we were on vacation.

Jill DeWit:

We were on vacation. We drove by it, actually and the conversation was we sold a bunch of stuff over there. Oh, that's kind of nice. It's pretty.