Jack Thursday - Why Recovering House Flippers Choose Land Flipping (LA 1876)

Transcript:

Steven Jack Butala:

Steve and Jill here.

Jill DeWit:

Howdy.

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 Carol County, Arkansas. How's that?

Steven Jack Butala:

Today's Jack Thursday. And I'm going to talk about why recovering house flippers seem to be choosing land to flip in these current real estate conditions.

Jill DeWit:

Thank you.

Steven Jack Butala:

Makes sense to me.

Jill DeWit:

I can't wait to just sit back and be a passenger here.

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 please don't forget to subscribe on the Land Academy YouTube channel and comment on the show as you like. Let me say this, that YouTube channel that we have built is a massive library. It's not just these 1900 or so podcast episodes. Those are all in there. It's also commercials and snippets of information from Career Path and the Thursday calls. I call it the Land Academy Library. It's tons and tons of content for free to help you in your land career and ultimately help you to decide whether or not Land Academy is for you. And it's not for everybody. It's certainly not for everybody. But after perusing through there for a couple hours, you're going to find out whether or not you think that you want to pursue this or stick to what you're doing now.

Jill DeWit:

Thank you. I was just thinking about that. So this is show number 1876, right? Wonder how old I'm going to be when we're on show 3000 or show 5,000.

Steven Jack Butala:

Well, I can calculate it for you.

Jill DeWit:

You know when you're a kid in school and you're like, "Okay, what year am I going to graduate? I'm going to be 18, I graduate this year." So now I'm doing it the other way. We're on show 1,876. How old? Don't share my age.

Steven Jack Butala:

I'm not going to show your age. Okay.

Jill DeWit:

How about your age?

Steven Jack Butala:

I'd like to live through the rest of the day.

Jill DeWit:

All right.

Steven Jack Butala:

I'm not going to share it. Let's share my age.

Jill DeWit:

Okay.

Steven Jack Butala:

Okay?

Jill DeWit:

All right. How old will you be on show 5,000 if we keep up this current rate. But wait, we do ...

Steven Jack Butala:

We do 260 shows a year.

Jill DeWit:

Wait five times ...

Steven Jack Butala:

52 weeks.

Jill DeWit:

26 weeks ...

Steven Jack Butala:

Times five. There's 260 shows ish a year. Let's say 250 because there's holidays and reruns. 250 a year. In six years I will be 60 and that'll be 1500 shows. We have 1,876 already. So we've been doing this for more than five years, six years.

Jill DeWit:

A long time. That'll be good. All right. This is cool. Back to the question, Heidi and Dan wrote, "Hello group. We are still very new within the Land Academy and our new venture, not even one year in, but we've done some deals and some homework as well." Yes, good job. "After listening to Jack's recent discussion of finding the appropriate CPA, I have a strong concern that our CPA will not be able to direct us correctly within this business structure. Can anyone recommend a CPA that has a strong understanding of Pennsylvania tax structure? We're hoping to get things in alignment before tax season is upon us, and hoping to find someone that does not have a waiting period. Any help will be greatly appreciated."

That's a great place by the way. Putting that, I don't know if that was in Discord or the landinvestors.com page, but either way, hopefully it was both. You'll find somebody. That's a great place to sort and find. And what better way to find someone that you could work with than word of mouth because someone's like, "Hey, this guy and I have a connection. You're doing what I'm doing. He can roll you in." Fingers crossed.