Jack Thursday - Life Math (LA 1562)

Transcript:

Steven J Butala:

Steve and Jill here.

Jill DeWit:

Hi.

Steven J Butala:

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

Jill DeWit:

And I am Jill DeWit, broadcasting from amazing Phoenix Arizona.

Steven J Butala:

Today is Jack Thursday. And I'm going to talk about life math, which completely confuses Jill.

Jill DeWit:

Yes. Hold on a moment.

Steven J Butala:

Not life math the topic, just what the hell is he going to talk about now?

Jill DeWit:

Oh, that does. Yeah. I don't know where you're going with that, but I was going to pause and say, I'm actually good at math.

Steven J Butala:

Oh, I know.

Jill DeWit:

I did really well in school at math.

Steven J Butala:

And physics.

Jill DeWit:

And physics, that was one of my favorite subjects. I liked physics. That was really fun for me. So flying and old school when you're learning to fly and you have to map out where you're going and how many minutes to get somewhere and degrees and that kind of thing, oh, I love that stuff. I kill it on all that. So don't think I can't do math. But that's not what this is about today.

Steven J Butala:

Right. Before we get into it though, let's take a question posted by one of our members on the landinvestors.com online community. It's free. If you're already a member of Land Academy.

Jill DeWit:

Of Land Academy.

Steven J Butala:

Join us on Discord.

Jill DeWit:

Thanks. Leah wrote, "Hello. I have a property under contract and the owner's relative has a neighboring parcel. The relative has agreed to give the owner an easement so her property can be accessed by the road. This is in" should I say the state or no?

Steven J Butala:

Sure.

Jill DeWit:

Okay, "This is in California. Where do I find the paperwork to get this done? What is the process?"

Steven J Butala:

This is not something you can do yourself. It's not something I could do myself after how many years of doing this. You need to call a lawyer, preferably a real estate lawyer that understands easements and preferably in that county, potentially even in that city. And that's really the only way that it's going to get done. Here's the great news, this almost never happens. The fact that these people are related and that they're cooperating and that-.

Jill DeWit:

That's true.

Steven J Butala:

What's you're now doing is every land person's dream. You're taking a property that until you do this, its use is very limited. If anything, it's only limited to the people that actually have access around it.

Jill DeWit:

Right.

Steven J Butala:

And fortunately, one of this is a relative. And you're creating equity. And that's what this is all about. We create equity here. We buy property cheap and we sell it for more, and create some equity for ourselves and the persons we sell it to. And so this is good. I put this in here for a reason. This is a dream situation. So anybody who's looking at property that doesn't have physical or legal access, and that's a lot of us all the time. The remedy is to talk to the neighbors and see, "Hey, can I get some access to this property over here? It's on the edge of your property. It doesn't look like you live there anyway. It looks like you live in Nevada, the properties in Texas. What do you say, I blade a road in, get some physical and legal access. I'll pay for it all, I just need you to sign some stuff." It doesn't happen enough.

Jill DeWit:

Beautiful. Thank you.

Steven J Butala:

Today's topic, its Jack Thursday. This is why you're listening.

Jill DeWit:

Life math.

Steven J Butala:

It's Jack Thursday about life math.

Jill DeWit:

What is life math?

Steven J Butala:

When I was a kid, I was confused like every kid.

Jill DeWit:

And now you've got it all down. Especially, understanding women.

Steven J Butala:

Like everything, not only was I confused, I wanted to grow up really fast. I was tired of being a kid. I was tired of being a kid.