Land Academy Member Laurie Phillips Interviews Jack and Jill (LA 1785)

Transcript:

Steven Jack Butala:

Steven and Jill here.

Jill K DeWit:

Hello.

Steven Jack Butala:

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

Jill K DeWit:

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

Steven Jack Butala:

Today once again, Laurie Phillips joins us in a reverse role. She's actually going to interview Jill and I, and hopefully ask some questions or discuss some topics that Jill and I have forgotten to cover because we're so neck deep into this whole business.

Jill K DeWit:

This is Laurie's show today. This is what this is. Laurie gets to lead this show and ask whatever she wants. I'm so excited.

Steven Jack Butala:

Me too. Hi Laurie.

Laurie:

Great. Well, thank you for inviting me to be back on. I know we spend a lot of time together on our Thursday calls and in career path and the advanced member calls, but I've really never had the opportunity to sit down and just kind of grill you on some of these things and get your opinion. I'm sure you'll have one. So to get started, I have been a business consultant for most of my life and very, very early on I was taught that when you interview people, you start out with a really easy question to kind of warm them up. So here's my question for you to get started. Have you ever lived on railroad tracks?

Steven Jack Butala:

Yes.

Jill K DeWit:

No.

Steven Jack Butala:

Do you want some details on that?

Laurie:

Well, I do want details and then I'll tell you why I'm asking.

Steven Jack Butala:

It's a great question.

Jill K DeWit:

I'm a little nervous right now. I just got to say, I realized, whoa, it's different being on the other side.

Laurie:

Yeah, Jill's going to learn something. Go ahead, Steve.

Steven Jack Butala:

The freight rail went straight through the middle of Michigan State's Campus where I graduated and I had a dorm for... It was less than a year because I couldn't take it because of this exact topic. So I lived... it was right out of a movie, right on the tracks. In fact, one of our extracurricular activities, as you can imagine, was to have a bunch of beers and then go out and stand as close to the train flying by as you possibly can. And if you've never done that, you need to do that in your life.

Jill K DeWit:

Nice.

Laurie:

Okay.

Jill K DeWit:

Oh, my gosh. I've never lived next to railroad tracks, but I had my own version. In Tustin, I lived right next to the five, literally, our backyard, a wall, freeway. So I did a version of that and because it's Southern California, it never stopped. So you just got used to that hum of the cars.

Steven Jack Butala:

To this day, I can't stand to be anywhere near an interstate.

Jill K DeWit:

I know. Exactly.

Steven Jack Butala:

Probably because of the train scathing.

Jill K DeWit:

That's all we could afford. That was with my roommate and I, when we first moved out, that's what we could afford.

Steven Jack Butala:

Can we ask you the same thing? The same question?

Jill K DeWit:

No. It's Laurie's show.

Steven Jack Butala:

Oh, we can't? Okay.

Laurie:

Actually, I'll answer it and I'll tell you why. When I was in college, starving student, my friend and I rented a place that was right on the tracks, literally 50 feet from the tracks and the train came through late at night, probably two or three in the morning. And the first week it was like someone hit you with a defib because you just went, ah, when train came by. And after a week you didn't even notice it, didn't even hear it. But when visitors would come and stay with us, they had that experience and it was always kind of funny. But the reason I'm asking is we will frequently look at property that's on a train track on our Thursday calls. And I wondered what your thoughts were about whether that really has much effect whether the property's going to sell at a good price.

Jill K DeWit:

It weighs in a little bit,