Transcript:

Steven Jack Butala:

Steven and Jill here.

Jill K DeWit:

Hi.

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 Dewitt, broadcasting for the Valley of the Sun.

Steven Jack Butala:

Today's Jack Thursday and I'm going to talk about the psychology behind being a real estate agent versus a land or real estate investor.

Jill K DeWit:

I'm a little nervous.

Steven Jack Butala:

No, it's not a rant.

Jill K DeWit:

Oh good. Phew, good. Okay.

Steven Jack Butala:

I mean the gist of it is this, I came up with this concept because if you go on YouTube and you type in something like how to be a real estate lawyer, or how much do your real estate agents make, and the number of people that have viewed it in the last week is in the millions in some cases, or tens of thousands and there's all different reasons for that. But if you go onto most YouTube places, even the really popular ones, about how to be a real estate investor, it's a lot fewer people. So there's some psychology behind this and I think I know why.

Jill K DeWit:

That explains our numbers behind our shows.

Steven Jack Butala:

Yeah. Jill and I get about six or seven views per episode.

Jill K DeWit:

We should title these. We should just copy and use the titles that work and then just do whatever show we want. This is the whole point. I'm going to read this because you're going to read the question. So first let's take a question post for one our members on the land investors online community. It's free and please do not forget to subscribe to the Land Academy YouTube channel and comment on the shows that you like.

Steven Jack Butala:

Before I read this, Jill and I have, every other Thursday she hosts Clubhouse Talk. It's a new app driven version of an old school talk show, radio show. And so people can call in or dial up and dial in and we move them up to our, she moves them up and they ask questions and we talk with them. And if we do everything right, it's to the benefit of everyone who's listening.

Jill K DeWit:

Right.

Steven Jack Butala:

I actually, I really enjoy it. It's a chance for us not to be on in front of a camera. It's audio only. And we really can, because the audience is not that large, really, I think do some good to the people that are there. They want to be there and just be truthful. So Aaron has an opinion about-

Jill K DeWit:

Go ahead.

Steven Jack Butala:

... Our last Clubhouse Talk and here it is.

Jill K DeWit:

Okay.

Steven Jack Butala:

He says, I listened to the last Clubhouse and sorry if this comes off harsh, but whoever is thinking that turning land investing into private equity fund, you'll thank me one day, it's an awful idea. I've worked and consulted with various funds in my time from algorithmic stock and futures trading to hard money lending funds and Reg 506 B and C all day long. Why is this such a bad idea? Well, remember how Zillow came up with and tried to beat everyone at the real estate investing game? They too thought that they were smart. I love this though. They took the attitude that they could buy houses for higher prices than anyone else and since they had the best data in a handful of other profit centers, that it would all balance out in the end and they would own the real estate, all the real estate in America.

There's expletives in here that I can't say or read out loud. You too can follow their glorious crash and burn on the investing side of things. Go start a fund. Be pressured to do deals because people keep throwing cash at you and you have to show something in the next quarter other than all the cash that's sitting in your Wells Fargo bank money market account. So you buy a property for too much, but it's okay because you get a management fee. This is what I'm getting at.

Jill K DeWit:

I hear you. Keep going.

Steven Jack Butala:

There's fees, fees, fees, fees, fees. That's where you make money,