Jack Thursday - Should Agricultural Land be Included in Your Mailer (LA 1547)

Transcript:

Steven J Butala:

Steve and Jill here.

Jill DeWit:

Hello.

Steven J Butala:

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

Jill DeWit:

And I'm Jill DeWitt, broadcasting from sizzling Scottsdale, Arizona.

Steven J Butala:

That's for sure.

Jill DeWit:

Yep.

Steven J Butala:

Today Jill and I talk about ... Well, it's Jack Thursday, and I talk about should agricultural land be included in your mailer.

Steven J 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. Or if you're already a Land Academy Member, join us on Discord.

Jill DeWit:

"My name is Michelle. I live in Missouri and I am new to land investing. I have done some investing, but still consider myself new to the world of real estate. I have one rental property, and I just bought a property I'm doing some cosmetic fixes on for a nightly rental."

Jill DeWit:

"I have been interested in land investing and purchasing for a long time, and I'm excited to learn the process and add it to my portfolio. I'm planning on concentrating on land and note investing extensively going forward at this time. I look forward to learning from you all and we'll hopefully be able to contribute to others in the future. Blessings." Aww.

Steven J Butala:

I put this in here because this is very frequent, and welcome Michelle. But there's lots of people that are joining us that have somewhat of a light existing real estate investing background. In her case, she's got a couple of rentals and she's seen the light.

Steven J Butala:

If you've seen the light in real ... Here's my point. If you've seen the light, and I sound like a company here.

Jill DeWit:

Aah. This is it, it's just sounds a little weird, by the way I was going to ... I'm like ...

Steven J Butala:

Here's what I ... Let me try it the other way. If you love the idea of making a lot of money but you haven't seen the light in real estate and [inaudible 00:01:54] just kind of an afterthought, this is not for you.

Jill DeWit:

And we'll say in general, or our kind?

Steven J Butala:

If you've seen the light in real estate-

Jill DeWit:

Okay.

Steven J Butala:

... and maybe you have a rental. Maybe you redid a few houses and you know that's not for you.

Jill DeWit:

Right.

Steven J Butala:

Or inherited some land and sold it and made some money, and it just, it is now in your soul and won't go away, Land Academy is for you.

Jill DeWit:

Right.

Steven J Butala:

If that hasn't happened to you ... Or let's say you're a data person and you want to capitalize on your understanding of data. And real estate is just the thing that you think might be able to ... you want to be able to do that, this is for you.

Jill DeWit:

You know what my favorite is? My favorite is the people that come to us and they're like, "Oh, that's boring." And they go off and do something else. And I'm like, "No, I think I'd like boring." You know what I mean?

Steven J Butala:

Yeah, and they come back.

Jill DeWit:

You're like, "How'd that renovation go?" Oh my goodness. They're like, "I could do with a lot less excitement." "Yeah, I bet it was exciting when you opened the walls and found that wasn't it." They're like, "I am not set up for that." So yeah.

Steven J Butala:

Michelle, welcome to the group. You are a perfect candidate to take this all the way to the end.

Jill DeWit:

Yeah.

Steven J Butala:

Today's topic. Should agricultural land be included in your mailer? This is the meat of the show.

Steven J Butala:

Here's the deal with agricultural property. Agricultural property is quite possibly the best zoned or used code that you can get in nearly every environment.

Jill DeWit:

Why?

Steven J Butala:

Because the taxes, there's huge incentives and have been ... This whole country was built on agriculture.