Transcript:Steven Jack Butala:Video three, two. Jack and Jill here.Jill K DeWit:Hello.Steven Jack Butala:Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala.Jill K DeWit:And I'm Jill DeWit, broadcasting from the Valley of the Sun.Steven Jack Butala:Today is Jack Thursday, and I'm going to talk about the laws of abundance. It's something that comes up in Discord among our Land Academy group all the time, in one way or the other. And it comes up like this. Someone will ask a question or say something, and the response will be, "Oh, that's the laws of abundance. You have to have that to understand this." And the person who asks the question will respond, "What's the laws of abundance? That's why we're here. Before we get into it, let's take a question posted by one of our members on the landinvestors.com. Online community is free, and please don't forget to subscribe on the Land Academy YouTube channel. Comment on the shows you like.Jill K DeWit:Dan wrote, "Speaking of seller financing, I am closing on an interesting deal on the sell side next week. The buyer wanted to finance the deal, but I won't do seller finance. They find someone else who will finance. My broker wrote it up as if I'm the one doing the seller financing, but with a contingency that the third guy will purchase a contract from me at closing. It will all happen through the single escrow transaction. I like this. The buyer pays the down payment, gets set up with the monthly payments in escrow with the title company. I get cash at the end, just like I want. The guy purchasing the contract has the terms already laid out, pays remain or do to me minus the buyer's down payment. And then he collects the monthly payments through escrow from the title company. I thought it was brilliant. Maybe others have seen this type of arrangement more, but I have not. I haven't seen this one.Steven Jack Butala:So what's wrong with this?Jill K DeWit:Nothing.Steven Jack Butala:Nothing.Jill K DeWit:I think it's great.Steven Jack Butala:Nothing is wrong with this. In fact... And this is Dan, Career Path, former Career Path alumni, Dan. So then the string goes on. This blew up in Discord, Land Academy Discord, that a lot of people are already doing this, and that what Dan's going to do now is align himself with the person who buys these notes. Immediately buys these notes and start selling on terms. What it morphed into, which is really important... So if you halfway listen to the show, this now's the time to just whole listen to it. And then you can get back to the halfway listening when I start talking about my stuff.One of the things that's really changing and going to change and always changes during a downturn is creative financing. In fact, that's what caused in part, in whole part, the former downturn with creative mortgages for single family residences. So we have complete control when we buy or own a piece of land, how we're going to sell it. Sell it on terms, we can sell it for cash. And now, this is just one more way of really getting cashed out. The person is essentially buying the piece of property from you on a credit card. And the credit card... The person who's providing the credit is just another person, instead of American Express. So I love this, and I think it's going to become a thing. In fact, when we're done here, Jill and I are going to talk about doing it.Today's Jack Thursday, and I'm going to talk about land, the Land Academy, and how it applies to the laws of abundance. This is why you're listening.Jill K DeWit:I think the biggest thing here with the laws of abundance and Land Academy is we wouldn't be here if we didn't feel this way. That's what Land Academy is, by the way.Steven Jack Butala:It is, and I had no idea what this was. This is one of those things where somebody walked up to me in our first live event many years ago, seven years ago, and said, "For anyone to succeed at this,