Land Academy Deal Funding Explained (LA 1616)

Transcript:

Steven Butala:

Steve 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 DeWit, broadcasting from sunny Southern California.

Steven Butala:

Today, Jill and I talk about land, the Land Academy Deal Funding Explained.

Jill DeWit:

Yup. I gotta ask, too, by the way. I did a little adjusting my hair here before. Did you keep that in the video? Did you keep that rolling?

Steven Butala:

No.

Jill DeWit:

Okay, God. I was making sure that wasn't gonna make final cut here or not.

Steven Butala:

No. I should have though.

Jill DeWit:

Sorry about that. I had to take a moment and, to have a hair moment.

Steven Butala:

It seems like we're talking about Deal Funding a lot lately. And we are. And because it's just been a smash hit.

Jill DeWit:

It is.

Steven Butala:

If people are using it the way it's intended to be used, I think people are making a ton of money. If you submit a deal to us and for whatever reason, it doesn't fit our criteria, we're developing now a network of people, other people, that are funding deals in our community, that will get it done.

Jill DeWit:

Exactly, yup.

Steven Butala:

So [inaudible 00:01:03] on, I'm excited as heck about when stuff works.

Jill DeWit:

Me too. I have more to say, but I'll save it.

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.

Jill DeWit:

Okay. Abby asked, "Hi guys, I received a couple of signed offers for properties that have no access. Even though I priced them right and they're pretty cheap, I'm still hesitant to buy them. Does anyone have success at selling landlocked property? How do you market them? Obviously, I don't intend to hide anything in my property listing. Thanks."

Steven Butala:

Yeah. I mean, we have a whole long history of success selling those types of property, and you'd be shocked at how many people love to buy property that doesn't have physical and/or legal access for a bunch of reasons.

Jill DeWit:

And a lot of them are legal.

Steven Butala:

Yeah.

Jill DeWit:

Legit, not just running from the law.

Steven Butala:

One of the reasons, and I think one of the best reasons, is to buy property because it's so cheap. But then they don't get access.

Jill DeWit:

That's true.

Steven Butala:

Maybe a neighboring property owner has the means to give access to this landlocked property. They're rezoned property already. So it's a huge bargain for him. And then he gets it accessed, so. There's a whole business model in getting access to properties that don't already have it. And a lot of our members do that.

Steven Butala:

Number two, you'd be shocked and amazed at how many people use the property, and they don't want it to have access.

Jill DeWit:

Yeah, they don't want to drive up road. They like to be out there bidding a little bit. They want the privacy.

Steven Butala:

But you nailed it. Actually, if you know their property doesn't have any access, you don't want to pretend that it just doesn't exist. You want to disclose that.

Jill DeWit:

Exactly.

Steven Butala:

The way that we disclose it, we don't personally buy property without access any longer. We work on very large, much larger dollar-wise deals. But there's, again, you just want to make sure that you're clear about it. And the way that we would deal with it in a posting on the internet is, "Please confirm access. Here's a phone number to the county." Have a talk about it.

Jill DeWit:

Well, and you're gonna have accurate photos of it, showing where it is. Everyone can see that. And the accurate GPS coordinates so they can look it up, and they see, and they know it. And if they ask, you're just gonna say, "Yeah, that's right. And that's why it's priced this way."

Steven Butala:

Yup, exactly.

Jill DeWit:

And that's it.