Jack Thursday - Less Frequent but Bigger Land Deals (LA 1661)

Transcript:

Steven Jack Butala:

Steve and Jill here.

Jill DeWit:

Hello.

Steven Jack 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 the Valley of the Sun.

Steven Jack Butala:

Today is Jack Thursday. And I'm going to talk about my personal 2022 goals, which are less frequent, but bigger land deals.

Jill DeWit:

I want to hear about some of your other goals.

Steven Jack Butala:

Like try to be a better husband?

Jill DeWit:

No, no, no. Let's see here, find a new hair stylist, because I failed at that one. So you're...

Steven Jack Butala:

Yeah, if you are watching this, you can see.

Jill DeWit:

I got to share this. I walked into a local bar the other day and the sweet, sweet bartender says to me, "Jill, wow. Did you cut your own bangs?" I said, "You know, it might look like that, but no, I did not."

Steven Jack Butala:

When someone says, "Do you cut your own hair?" That's not a compliment.

Jill DeWit:

That's a bad sign. Did you do that yourself? Oh darn. Nope. No, it sure looks like it, but no, I did not slaughter my own hair. So that's one of our things for next year. You know, that's one of the hardest things I have... I wanted dry cleaning. I got house cleaners. I got land... Well landscapers came to the house, so we got a couple wins there.

Steven Jack Butala:

We had a lot of wins.

Jill DeWit:

A lot of wins.

Steven Jack Butala:

Can't win it all though.

Jill DeWit:

We have yet to figure out our trash service, we failed on that one and we failed on the personal hair and all that stuff, we've got to figure that out. I won on a dentist. Don't have a doctor. It's funny, but hey, it's part of moving. It's all right. It's all good.

Steven Jack Butala:

We live in a town that doesn't believe in charging taxes for anything. And they also don't believe in providing any services.

Jill DeWit:

Street lights, and sidewalks.

Steven Jack Butala:

There's no streetlights.

Jill DeWit:

No.

Steven Jack Butala:

There's no sanitation or anything. You have to hire everything out independently. There's literally no sewer systems.

Jill DeWit:

Right.

Steven Jack Butala:

Everything's on septic.

Jill DeWit:

It's hilarious.

Steven Jack Butala:

But it's real cheap to live here.

Jill DeWit:

It's great. Yeah. I wouldn't call it cheap, but once you get past the water and the electric and the gas bill.

Steven Jack 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 don't forget to subscribe on the Land Academy YouTube channel and comment on the shows you like.

Jill DeWit:

Ian wrote: If we're looking for infill lots, and there's a lot of lots owned by an HOA, and that HOA looks to be sparsely developed, like maybe 20, 25% of the lots are developed. That's not a good candidate for what we're looking for. Right? In Land Academy 2.0, infill lots, the example Steven shows looks to be lots with houses built all around them.

Steven Jack Butala:

Let me cut to the chase.

Jill DeWit:

Please do.

Steven Jack Butala:

The best case scenario for infill lots. You bought the last lot available in the entire subdivision. Everything else is built on. This country is packed full of failed subdivisions or there's lots of different words for them. Paper subdivisions or where it's 20% developed, and then there're just tons and tons and tons of properties that are for sale, vacant land properties in a sub. When there's an HOA, well, that's just adding fuel to the problem, fire to the... Pouring fuel on a fire.

Jill DeWit:

Making fun of my "going down the rabbit trail"? Now you're doing it. "Pouring fuel on the problem." [inaudible 00:03:51] How about fire?

Steven Jack Butala:

Yeah.

Jill DeWit:

Yeah.

Steven Jack Butala:

So you want to stay out of those HOA driven paper subdivisions,