Jill Friday - How Long do Land Academy Members Stay in the Group (LA 1762)

Transcript:

Steven Jack Butala:

Steve and Jill here.

Jill K DeWit:

Hello.

Steven Jack Butala:

Welcome to the Land Academy Show, Entertaining Land Investment Talk. I'm Steven Jack Butala.

Jill K DeWit:

I'm Jill DeWit, broadcasting from the Valley of the Sun.

Steven Jack Butala:

Today's Jill's Friday. She's going to talk about how long do Land Academy members actually stay in the group?

Jill K DeWit:

I have some stats. I know you like stats.

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. I got to tell you, back in the day, it was nearly impossible to find land without a mailing address, like 123 Main Street. Well, eventually Jill and I put together a website called neighborscoop.com that allows you to find property that doesn't have an address, which is really almost all the property that we purchase by just using the state and the county that it's in and the assessor's parcel number. It's called neighborscoop.com. Check it out. If you need more information, you can always email [email protected].

Jill K DeWit:

Cool. Jeff wrote, "This is my third try giving away good deals with some money in them."

Steven Jack Butala:

This is what goes on discord.

Jill K DeWit:

Why is this? This is funny.

Steven Jack Butala:

This is a thing on discord right now, giving away deals that people don't want to do. Just giving them away.

Jill K DeWit:

Okay. Finding them and giving them away. All right. [inaudible 00:01:16] takers on this one, it's three strikes and that means they kicked me out of this group. Not sure if that's funny. No, I've an info lot on Shreveport for $2,200. It's corn lot. Private message me for details, assignment fees just 20% of the profit after you sell.

Steven Jack Butala:

Of the profit after you sell so it's no risk to whoever takes over this deal. Why would somebody give away a perfectly good transaction, Jill?

Jill K DeWit:

Because they don't want to do it or they don't know how to do it, or they just not good at it.

Steven Jack Butala:

Or it's not in their acquisition criteria. If a deal came in from a way past mailer for 2200 bucks and we knew we could sell it for eight pretty quickly, we would not do the deal. Why? Because that's not in our acquisition criteria anymore. We're buy for 30 to 50 and sell for 90 to 150. That's what we do.

Steven Jack Butala:

We have limited amount of resources, just like everybody. There's only so much time Jill can spend on the phone and her staff and the whole thing. Is it crazy profitable when you look at the margin? Yep. We're just not going to do it. That's what's going on here. This is one of the things that happens in discord often. I'm going to bring this up now. I just approved right before we sat down to record this, a sneak peek at discord, the tech thing is done.

Jill K DeWit:

Is that good? Good. I can't wait to see it. Got something on my eyes, sorry.

Steven Jack Butala:

If you go to landinvestors.com and just go to the front page. You can horse around, read and read only fashion with what's going on that minute in discord. It's pretty amazing.

Jill K DeWit:

Cool.

Steven Jack Butala:

I think you will be amazed at the conversations that we're all having as Land Academy members, which is fitting for today's topic. Today's topic is Jill Friday. How long do Land Academy's members actually stay in the group? This is the meat of the show.

Jill K DeWit:

I went back and looked at some numbers and it's pretty much what I thought. They join land academy. They get started. They're doing data, doing mail, whatever. How long do they stick with this? Well, some of them I'm going to say the number is right around 20% are here for a year. They give it a year. What happens after a year? Two things. One is, I find out this is not for them or life happens and more often than not life happens...