Land Academy Membership vs Owning a Franchise (LA 1729) RERUN

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 Dewitt broadcasting from awesome Scottsdale, Arizona.

Steven Butala:

Today. Jill and I talk about Land Academy membership versus owning a franchise couldn't be more different.

Jill DeWit:

But sounds like, well, hey, wait a minute though, well, Land Academy to be an investor, right? So it's really kind of about being an investor versus this business... What business do you want to be in? You want to be an investor, which is what we teach you how to do and set you up for, versus owning a franchise, which is kind of, they teach you how to run, let's just say it's Cold Stone Creamery. You even go to Cold Stone school, and then you have your business. But there's a lot of different things going on.

Steven Butala:

We teach you how to get free, and autonomous, and independent, and happy and done. We don't have our hooks in you forever, like, let's say, Cold Stone.

Jill DeWit:

Well, we'll talk about that because I made a list and you're tying into my list. I'm trying to just state the facts, man.

Steven Butala:

I'm not talking about you.

Jill DeWit:

Okay.

Steven Butala:

I just, I'm not a huge franchise fan.

Jill DeWit:

No kidding.

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:

I'm here to tell you, truth time, there's one and only one franchise this person likes to go to, and it's Wendy's.

Steven Butala:

Just because I want to eat for free?

Jill DeWit:

No, just the chilies. No, not because you want to eat for free, I'm here... it's truth time. You're like, "I don't like that, I don't like... " You don't like the franchise, anything, but you're like, "I do like Wendy's Chili." How's that? Okay.

Steven Butala:

Let's see. If you had a franchise, it would be a Zales Jewelry or something.

Jill DeWit:

No. What would my franchise be? Oh, Nordstrom.

Steven Butala:

Yeah, that's for sure.

Jill DeWit:

Well, it's not a franchise-

Steven Butala:

I know, I know. Neither is Zales-

Jill DeWit:

Oh yeah-

Steven Butala:

... I'm just joking around.

Jill DeWit:

I don't know what my... Maybe subway? No. I have to think about that.

Jill DeWit:

Okay. Herbert asks, "Hello. I know this isn't our typical vacant land leasing, single family convo, but I would like some help clarifying some things, and figured what better place to gain information about this topic than from our super knowledgeable and amazing group here at Land Investors?"

Jill DeWit:

Okay. Herbert, are you trying to get brownie points? Because you're winning. It's working.

Jill DeWit:

All right. I'm pretty new to real estate in general, never owning a home before. So I'd like your advice on the process slash plan of action for acquiring a four unit, multi-family property to serve as a primary residence. I plan to purchase the four units by using an either FHA or FHA 203(k) loan to renovate, and then live here in Miami, Florida.

Jill DeWit:

My questions are, number one. Am I correct to assume that our direct mail approach to acquiring real estate is also the best way to acquire my first multi-family deal for a primary residence?

Steven Butala:

Yes.

Jill DeWit:

What are some of the differences in the approach that I should be aware of?

Jill DeWit:

Number two. Will House Academy teach me how to acquire multi-families as well as single families?

Steven Butala:

Yes.

Jill DeWit:

Steven. Ready. Go.

Steven Butala:

Yes, but I have to tell you, I think you're on the wrong path here.

Jill DeWit:

Ah, uh-oh. Well, like you said, Herbert, you really want to pick the brain from the knowledgeable, amazing group here at Land Investors. And one was going to really pick apart your thing, and I'm sure he's right.