Jack Thursday - Just for Engineers and Business Owners (LA 1482)

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 sweet, sunny, Scottsdale, Arizona.

Steven Butala:

Today Jill and I talk about how it's Jack Thursday, just for engineers and business owners.

Jill DeWit:

Bye-bye.

Steven Butala:

We have a tremendous number of business owners and engineers in our group, and I'm going to talk about why, and so is Jill.

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 member, I urge you to join us on Discord.

Jill DeWit:

Okie dokie. Chris wrote, "Hi, my name is Chris B., and I've only been a member for maybe two weeks and I've watched all the videos." Chris, those are two weeks you'll never get back. Just kidding. Good for you. I am happy, you blew through that. "I didn't know if there was a place on the website to make myself available to fund deals. Any input is appreciated." There is. There's two ways.

Steven Butala:

Well, there's two that I know of, but let's see if they're the same.

Jill DeWit:

One is where you could be watching for deals via LandTank and HouseTank. When people need money, that's where they post them. And you can just go in there and grab them.

Steven Butala:

Get on LandTank and make sure that you turn your notifications on, because every single deal without exception, that goes to Land Tank, it gets gobbled up within minutes by other funders. That's one way. What's your other way?

Jill DeWit:

Well, every January, we put out a master list where we ... You'll get on the next one, Chris. We publish who you are, all your contact information, any details about how much money you're willing to spend per deal, how much money you're willing to spend in total. If there's any parts of the country that you like, any nuances about how much you're willing to help or not help or whatever it is, funding other people's deals. That's it.

Jill DeWit:

The other way I'd say put it in, maybe Land Investors? I'm trying to think where else he could-

Steven Butala:

Nobody listens to that funding deal, and it comes out once a year anyway. It's just cool to know that there's $100 million available to people who were in the Land Academy to do good deals.

Jill DeWit:

Well, I look at it.

Steven Butala:

So, it's a cool thing. I look at it, too, but it's once a year.

Jill DeWit:

Okay.

Steven Butala:

There's a section in Discord called Would You Fund This Deal. And people who need transactions funded, us included sometimes. We do some deals that are so big that we don't want to bite it all ourselves.

Steven Butala:

There's a section called, Would You Fund This Deal. If I were you, and there's other people in this group that have no intention of ever sending out a mailer, they just want to fund other people's deals, which is fine. People from institutions and hedge funds and stuff, actually, are members. I would go be real loud about it in Discord and say, "I fund deals. And they better be damn good deals. And you better be really intelligent or else I don't want to work with you." And I would really be that clear about it. Because you will-

Jill DeWit:

Not you, Chris. You tell them that if you want.

Steven Butala:

Tell them. Yeah.

Jill DeWit:

Yeah.

Steven Butala:

You better be intelligent and nice and have only five star deals.

Jill DeWit:

Give us your checklist. Jack's like, "Here's what I expect." Come on, are we working together?

Steven Butala:

Between the two of us, Jill and I, I'm not allowed to fund deals.

Jill DeWit:

Correct.

Steven Butala:

Because of this attitude I have.

Jill DeWit:

Yeah. As you can see, he's still on step one of my 10-step anger program.

Steven Butala:

You know what the truth is?