Jack Thursday - Land Deal Flow Machine Consistency (LA 1686)

Transcript:

Steven Jack :

Steven Jill here.

Jill K DeWit:

Hi.

Steven Jack :

Welcome to the land academy show entertaining land investment talk. I'm Steven, Jack [inaudible 00:00:08]

Jill K DeWit:

And I am Jill DeWitt and we are broadcasting from the valley of the sun.

Steven Jack :

Today's Jack Thursday. And I'm going to talk about land deal flow, machine consistency. This whole episode is about one basic concept and I'll phrase it as a question. Is it better to buy [crosstalk 00:00:28].

Jill K DeWit:

Sorry.

Steven Jack :

Better to buy a piece of real estate and decide what to do with it every single time, or is it better to buy the same type of real estate over and over and over again and do exact same thing? The same process, the same people are involved over and over and over again. I bet you can guess which one I think is better. 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 and comment on the shows you like.

Jill K DeWit:

Steven wrote. "Hey guys, I am currently scraping data from Zillow for my next mailer, and I noticed that in Zillow, many of the listings don't show the acreage anymore. You have to click in the listing to find out. So because of that, when I scrape the acreage is not spit out, I need manually go into each listing to find out. Does anybody know of a workaround when scraping?"

Steven Jack :

There's two. And inconsistent data in Zillow is fairly common. And here's why. Some of the places in the country Zillow collects data from the MLS. Some of the places they have to be manually input by whoever's listing the property. There's two types of people that list the property, real estate agents, who don't usually don't know their ass from their elbow, or people like us, but it's mostly the ass from the elbow kind. And scraping data from Zillow can go great sometimes because sometimes they implement anti scraping software. Sometimes they don't. So it very much varies from area to area. Don't get discouraged, the sure fire away to fix this is to get a virtual assistant overseas, to manually input some of that data. It is not expensive at all. Usually wait if you order it, you'll get it back overnight because they're working, their day is our night. I've done it both ways for years, years and years, we manually order data mining from the Philippines in our case. And now we scrape. But the truth is if I can't get good data, when I scraped to price and mailer, I moved to a different area to send mail.

Jill K DeWit:

Peaches and cream. What's, peaches and rainbows [crosstalk 00:02:57].

Steven Jack :

This show it's been on since 2015, every day.

Jill K DeWit:

Yep. Yeah. You'd think I would not be shocked.

Steven Jack :

Even real estate agents have reached out to me. And said I don't like your attitude. I don't think your description of the average real estate agent is accurate. Zero, zero.

Jill K DeWit:

Okay. [crosstalk 00:03:20]. Because they're not listening to this. Because they know.

Steven Jack :

Yeah.

Jill K DeWit:

All right.

Steven Jack :

Today's Jack Thursday, by the way. So I get to say what I want.

Jill K DeWit:

Yep.

Steven Jack :

I'm going to talk about land deal, flow machine consistency. This is why you're listening. Jill and I have struggled with this. So for years and years and years, I bought and sold real estate through one venue, eBay for years, 10,000 plus deals. And then around 2011, Jill and I joined forces and we did it a little bit differently and I have to say, we make a lot more money together than we did separately, but it was a totally a different type of company. We would buy property the conventional way, the way we buy property now. Sending out mailers a lot of times back then I went to tax sales, but we would buy it the same way every single time, process it,