Jill Friday - What Jill Learns from Her CEO Club (LA 1642)

Transcript:

Steven Butala:Steven and Jill here.

Jill DeWit:Hello.

Steven 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 the Valley of the Sun.

Steven Butala:Today, Jill and I... Well, it's Jill Friday. And Jill talks about what she's learns, learns in a future tense, in her CEO club.

Jill DeWit:Okay. We're going to talk about our November meeting, basically.

Steven Butala:I hope you're stuffed full of turkey.

Jill DeWit:I know, that's it. I hope you're shopping. I hope you are enjoying-

Steven Butala:Not shopping.

Jill DeWit:Well, hold on a moment. I hope you're enjoying Black Friday deals from the comfort of your couch. And watching football, and eating leftovers, and shopping on your computer. And it all arrives on time.

Steven Butala:You know the Detroit Lions play on Thanksgiving?

Jill DeWit:Thanksgiving. As do the Cowboys.

Steven Butala:And the Lions lose. The Cowboys are so dope.

Jill DeWit:And not lose to the Cowboys.

Steven 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 shows you like.

Jill DeWit:Erin wrote, "Short update on my first deal. Sure seems like it will be a success story. Closing on Friday at $13,800. I paid no attention to the legal description until I got my [inaudible 00:01:28] commitment back. Found out it's five lots on one PID." What's a PID?

Steven Butala:The five lots on... it's his-

Jill DeWit:Parcel ID or something?

Steven Butala:Yeah, yeah. It's the [crosstalk 00:01:41]

Jill DeWit:Okay. Just for tax purposes? Okay go it. "Can be split back into five lots for $175 bucks. And no wetlands or site evaluations needed. This is phenomenal. Neighboring lots sold for $19,900 last March. Thinking I'll make as much gross on selling the five lots as I do with my two in one year. And this is my first deal on my second neighbor."

Steven Butala:It's outstanding.

Jill DeWit:I love it. So you didn't... How sweet is this? Your seller didn't know. They would've told you, "You didn't know." [inaudible 00:02:18]. I'm closing. I'm like, holy moly. I'm actually buying five, I'm not buying one. This is great.

Steven Butala:I had a similar story. I don't want to take the wind out of anybody's sail and I'm not trying to up the story here.

Jill DeWit:Yeah. Don't take it away from Erin. Just kidding.

Steven Butala:No, I'm telling you when these things happen. And you're starting to really exceed your regular job. And I'm not telling you to quit your job at all. But I'm saying-

Jill DeWit:Talk about breathing.

Steven Butala:Wait a year. And make sure you like it, and you can and continue it. But when you're starting to do single deals that exceed your whole salary for the year, it's time to think about leaving.

Jill DeWit:Isn't that amazing? I just think about how well you're going to sleep now. Going, I just put, okay, great... No, it's so hard though because I've been in this situation. You realize your land business is now doing better than your day job. It's really hard to walk into the office with a smile on your face. Especially, when you're like every conversation, "oh, I want to tell them to shove it right now." You think I'm kidding?

Steven Butala:No I'm too.

Jill DeWit:Because I can afford to.

Steven Butala:I lived it. Really.

Jill DeWit:Yeah, I know. You know, what's so funny. So this is my truth time too. When I did leave, it was like I hung in there. Right. And everybody knew there was something going on. So when I finally sat my boss down and said, "I got to go." They're like, "I knew it." And then three people on the way out the door, are like, "Can I come with you? Can I work for you?" It was the sweetest thing. I'm like, "Sit tight. If I have a place for you,