Profile of Land Academy Members with Sr Manager (LA 1071)

If you enjoyed the podcast, please review it in Apple Podcasts . Reviews are incredibly important for rankings on Apple Podcasts. My staff and I read each and every one.

If you have any questions or comments, please feel free to email me directly at [email protected].

The BuWit Family of Companies include:

https://BuWit.com

https://offers2owners.com

https://landinvestors.com

https://landacademy.com

https://landpin.com

https://parcelfact.com

https://countywise.com

https://deedperfect.com

https://ownersdata.com

https://houseacademy.com

I would like to think it’s entertaining and informative and in the end profitable.

And finally, don’t forget to subscribe to the show on Apple Podcasts.

How to Get Over the Fear of Buying Property (1070)

Transcript:

Steven:                Steven and Jill here.

Jill:                          Good day.

Steven:                Welcome to the Land Academy Show. Entertaining land investment talk. I'm Steven Jack Butala.

Jill:                          And I'm Jill Dewitt broadcasting from sunny Southern California.

Steven:                Today, Jill and I talk about how to get over the fear of buying property. Seems like such an interesting, funny, incredibly unnecessary topic, but I know it's-

Jill:                          Oh my gosh, are you serious?

Steven:                Yeah, to me it does.

Jill:                          To me it's a necessary.

Steven:                Yeah.

Jill:                          Unnecessary. Just because you have no fear and I have no fear, it doesn't mean-

Steven:                Any fear of buying real estate at all.

Jill:                          I do not.

Steven:                Have you ever?

Jill:                          No.

Steven:                Neither have I.

Jill:                          Hold on a moment. That does not mean that everybody's that way. If it's one thing I have learned.

Steven:                Well you just cut me off in the middle of the sentence, but that's okay.

Jill:                          I'm sorry. I didn't know you were going there.

Steven:                You know what we should do that's so, it's going to be annoying to the listener, but really fun for us.

Jill:                          So sorry.

Steven:                Every single sentence the other person says, just cut them off.

Jill:                          Not nice.

Steven:                Go ahead, Jill.

Jill:                          No I didn't mean to do that.

Steven:                It's not a trap, I mean it. Go ahead.

Jill:                          Finish your thing.

Steven:                No, I can't remember what I was going to say.

Jill:                          Oh, well, sorry.

Steven:                Look, this show is all about learning how to buy and sell real estate, so it's not really about Jill and I at all. So what comes easy to us might be incredibly difficult for somebody and vice versa. So this topic came up because we have a lot of new staff right now, and I'm learning by watching how they're doing deals and what they're bringing to the table that adds to what Jill and I can bring to the table. You know, there's some concern about ... you know what I think this really shows really about, and then I'll let you take over, because I know you have a lot of notes. It's just insecurity, not about buying real estate, it's just like fear of failure.

Jill:                          Well I was going to say, I really saw it when we were talking about the topics. Not our people, the members. I talked to new members all the time. New and or thinking about jumping in, and this is one of their concerns.

Steven:                Oh, okay, good. So it is necessary.

Jill:                          It is necessary. And I have a lot more to say when we talk about the show.

Steven:                Before we get into it, let's take to a topic posted by one of our members on the landinvestors.com online community. It's free.

Jill:                          Joe wrote, "Hello, my name is Joe. I'm 28 years old, married and no kids. New to this site and learning about land investing. I'm very interested. This is definitely something I want to do. However, I don't really know the best path to take at this point in my life. I have a decent paying job, but I hate it." Poor guy. "I'm just now getting to where I can make a change. I either want to go back to college or go back into the military. Now that I've found this, I'm not sure if I should focus on getting a better career first and then working towards investing in land, or just use the job I have now to save and get started. I don't know really what it takes to get going and I don't know h...

Simplifying Your Acquisition Process (1069)

Transcript:

Steven Butala:                   Steve and Jill here.

Jill DeWit:                            Good day.

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

Jill DeWit:                            And Jill DeWitt, broadcasting from sunny Southern California.

Steven Butala:                   Today Jill and I talk about simplifying your acquisition process. Seems like a silly little topic, but who doesn't want stuff to be more simple?

Jill DeWit:                            I agree. I want to have more of a conversation. Is that okay?

Steven Butala:                   Yeah.

Jill DeWit:                            I'm just kind of changing it up right now, because I know we talked about that, so, thank you. Yeah, who does not want things to be more simple? I agree.

Steven Butala:                   Before we get into the topic, and before I make a butthead out of myself talking about marriage and stuff like that, let's take a question posted by one of our members on the landinvestors.com online community. It's free.

Jill DeWit:                            All right. James asked, "I'm thinking of buying a few 40 acre parcels surrounded by BLM land. I went to check out the properties. There's dirt paths that lead to them, but there are signs that say no motorized vehicles. Has anyone tried to get permission from the BLM to drive over these trails? Not sure if I should offer a really low price for these, or just not even do the deal."

Steven Butala:                   Okay, so this is a great question. It's something I've run into personally, not super, super recently, but I've also talked to some of the advanced Land Academy members, and they've run into it also. This is, for sure, an attribute to this property. It's not a bad thing. It makes the properties that you're looking at incredibly unique. So on the onset of it, especially if you're brand new at this, you're like, "Wait a minute, I can't take a car into my property?" As Jill knows, and most of the ... if you've done a few deals or have some experience, there's people that want to buy rural, vacant land to just get away from it all in the craziest possible way. The more creative you are about satisfying what they want from a customer standpoint, the more successful you're going to be.

Steven Butala:                   What you need to do though is contact the BLM to get like a hundred year ingress-egress rights. Hopefully the person before you, the seller, has done that. We all know working with the government's pretty tough and frustrating. But I'll tell you my personal experience with getting a least easement, I'm not exactly sure what the ... I think it's just ingress-egress. Least ingress-egress is ridiculously simple with the BLM and very cheap. It's like you can get like a 99 year lease.

Jill DeWit:                            Okay. So I have a couple things to say.

Steven Butala:                   Jill's just-

Jill DeWit:                            I'm just letting you go, and then I want to say-

Steven Butala:                   When do you not let me ... just let him go. Let him go.

Jill DeWit:                            I know. I always just let you go. Let him go.

Steven Butala:                   Eventually he'll be done.

Jill DeWit:                            Exactly. Okay. That's all beautiful, Steven. That's the legal way to do it. I have a couple things to say. First of all, why aren't you just checking out the property? Isn't it a whole lot easier to ask for forgiveness instead of permission?

Steven Butala:                   You know what, that's the reality of it.

Jill DeWit:                            So do I really want to draw some attention to the fact that I'm even out there in the beginning? Heck no. Am I going to sneak out there and do what I need to do? Yeah. Just to check it out. Oh yes. All day.

Removing Risk from Your REI Career (LA 1068 - 0207)

Transcript:

Jack Butala:                         Jack Butala for Land Academy. Welcome to our Cash Flow From Land show. In this episode, Jill and I talk about removing risk from your REI career. Great show today, Jill. Before we start, let's hear some funny stuff.

Jill DeWit:                            It's interesting that I am still surprised by the things that come out of your blog sometimes, Jack. What were you checking for titles today?

Jack Butala:                         What?

Jill DeWit:                            I'm not sure those will pass the ...

Jack Butala:                         My gosh.

Jill DeWit:                            Who's in charge of when you write a blog and you title ... Is there an FCC? Who's in charge of that kind of thing? I happen to,

Jack Butala:                         You mean the boredom-

Jill DeWit:                            ... catch you.

Jack Butala:                         The boredom factor?

Jill DeWit:                            No, no, no, no. I caught the ... I was lucky enough to sit in on your marketing meeting today. You guys are running through some title checker thing which I thought was really cool. I was just a little surprised by how far south you two took it looking for titles is what I'm trying to say.

Jack Butala:                         What did you hear?

Jill DeWit:                            I heard things like strippers. I heard things like how horrible it is to be Italian.

Jack Butala:                         It's not horrible to be Italian. It's great to be Italian.

Jill DeWit:                            No, wait. Not horrible, but what was the word? Shucks, I forgot what the terminology was.

Jack Butala:                         Italian people, at times, communicate through yelling. I'm softening it for the show.

Jill DeWit:                            You were working on something like a blog title and print titles. That's what I caught. I was just like ... I can't believe I'm still surprised by what you guys come up with.

Jack Butala:                         I'm having trouble being Italian. That was one of them.

Jill DeWit:                            There you go. It was really funny. All good.

Jack Butala:                         Yeah, that is some funny stuff that we heard today.

Jill DeWit:                            Yes.

Jack Butala:                         Boy, if I knew that was the topic, I would have some [insane 00:01:40] one-liners. Anyway, let's take a question-

Jill DeWit:                            That's why you don't know what's coming until I get to say that.

Jack Butala:                         Let's take a question posted by one of our members on successplant.com, our free online community.

Jill DeWit:                            Okay. Kyle says, "I'm just getting started in pulling my first list from Agent Pro. For property type, do I select agricultural/rural or residential vacant land?" Do you want to back up?

Jack Butala:                         Can you take a crack at answering that?

Jill DeWit:                            Well, I would like to back up and ask, if you would, Jack, explain what he's trying to do here for people that might be just joining in.

Jack Butala:                         Yeah. There's lots of places to go get data. Most of them are ... Well, some of them are very credible. What you want to make sure about any data that you pull is a couple of things. One that it's fresh because properties get bought and sold all the time. If you have a database or a list ... If you're not accessing a database, chances are you have a list. A list can be old. It could be 20 years old, two years old, one year old. We don't know. It could be from yesterday. You want fresh data. The best way to do that is to access the database.

Jack Butala:                         Number two, you want that database for all product types, not just land,

Best Time to Start In Real Estate Investing (LA 1067- 445)

Transcript:

If you enjoyed the podcast, please review it in Apple Podcasts . Reviews are incredibly important for rankings on Apple Podcasts. My staff and I read each and every one.

If you have any questions or comments, please feel free to email me directly at [email protected].

The BuWit Family of Companies include:

https://BuWit.com

https://offers2owners.com

https://landinvestors.com

https://landacademy.com

https://landpin.com

https://parcelfact.com

https://countywise.com

https://deedperfect.com

https://ownersdata.com

https://houseacademy.com

I would like to think it’s entertaining and informative and in the end profitable.

And finally, don’t forget to subscribe to the show on Apple Podcasts.

Cash in and Out of First Deal in 45 Days (LA 1066 - 405)

Transcript:

If you enjoyed the podcast, please review it in Apple Podcasts . Reviews are incredibly important for rankings on Apple Podcasts. My staff and I read each and every one.

If you have any questions or comments, please feel free to email me directly at [email protected].

The BuWit Family of Companies include:

https://BuWit.com

https://offers2owners.com

https://landinvestors.com

https://landacademy.com

https://landpin.com

https://parcelfact.com

https://countywise.com

https://deedperfect.com

https://ownersdata.com

https://houseacademy.com

I would like to think it’s entertaining and informative and in the end profitable.

And finally, don’t forget to subscribe to the show on Apple Podcasts.

Leave Your Land Alone (LA 1065 - 785)

Transcript:

Steven Butala:                   ... Jill here.

Jill DeWit:                            Hi.

Steven Butala:                   Sorry, hi, Steve & Jill. 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 leaving your land alone. We've been talking about her all week.

Jill DeWit:                            There's a lot of things I'd like to ... just leave it alone. I feel like I say it a lot.

Steven Butala:                   Yeah, why do we as people have to mess with stuff, you know?

Jill DeWit:                            That's true, and get our hands all up in everything. Leave it alone.

Steven Butala:                   I bet that's been going on since the beginning of time.

Jill DeWit:                            I'm sure it has.

Steven Butala:                   I more than anybody love the concept of messing with stuff to improve it, or constantly moving forward, or you know-

Jill DeWit:                            It's true.

Steven Butala:                   For me it's all data driving. Finding better ways to analyze data to make decisions and stuff.

Jill DeWit:                            That's true.

Steven Butala:                   But actually physically changing a property, like a contractor does or a developer does, and I understand all that, too. The world needs people like that, for sure.

Jill DeWit:                            There's a ton-

Steven Butala:                   I'm just not one of those people and I think if you're gonna maximize money, you know, for us at this level, there's no better way for us to maximize money than what we do.

Jill DeWit:                            I agree.

Steven Butala:                   You know-

Jill DeWit:                            I was gonna say, the whole point to me about leaving it alone is you already won, so why mess with it? You bought it at the right price, that's when you know. You should buy these assets knowing that if I do nothing, it's just gonna be fine.

Steven Butala:                   We're all in the business of creating equity, right? You know what, before we get into it, lets take a question from one of the members in the Land Ambassadors online community, it's free.

Jill DeWit:                            Brandon asks, "In our last mailer campaign, I suppose some properties zoned for multi-family were included and someone just signed an offer and sent it back-"

Steven Butala:                   Good.

Jill DeWit:                            "... to buy their multi-family zoned vacant land in a city for 8 grand."

Steven Butala:                   That's what we're in the business here for.

Jill DeWit:                            What?

Steven Butala:                   I love how this is going.

Jill DeWit:                            "The property across the street, also vacant, is asking $50,000. The market in this area is fairly hot and we've sold property in this subdivision before, but not multi-family.”

Steven Butala:                   This is good stuff.

Jill DeWit:                            "However, the town is currently embroiled in a lawsuit against the city or department of water resources over the prohibition of drilling new wells. I'm quite certain, though, based on city planning maps, that this property has access to public water lines. I've called the water company several times in the past, but they're never helpful with vacant land.” No kidding.

Jill DeWit:                            “They won't tell me if they service a particular area. Only if they service an address that already has a house on it. So my question is, is this a run to the bank situation?”

Steven Butala:                   Yes.

Jill DeWit:                            "Or are there troubles buying mu...

Does this Property Make me Look Fat? (LA 1064 - 681)

Transcript:

Jack Butala:                         Jack and Jill here.

Jill DeWit:                            Hi.

Jack Butala:                         Welcome to the Jack Jill show, entertaining real estate investment talk. I'm jack Butala.

Jill DeWit:                            I am Jill DeWit, broadcasting back now in sunny southern California.

Jack Butala:                         Today Jill and I talk about, does this property make me look fat?

Jill DeWit:                            This is going to be good. I have a lot to say about this.

Jack Butala:                         It's so nice to be back from Arizona.

Jill DeWit:                            Yeah, how many emails did you get?

Jack Butala:                         Oh my goodness. We semi-intentionally missed recording a few shows last week. I wanted to see what happened.

Jill DeWit:                            With intent. You know, that's one of the things we tell the kids when they're going to get in trouble or not. Did they screw up on accident, or was there intent there? Ours was kind of not really accidental. There was an intent. We were busy, man.

Jack Butala:                         I'm happy to say, I guess we were missed.

Jill DeWit:                            That was kind of cool. It was a good little test.

Jack Butala:                         I got all kinds of emails like, "Are you guys going off the air? What the heck happened? What's wrong with your podcast?"

Jill DeWit:                            That's not the way to do it too, but I'm sure people do that. You know it's funny, because I go look at new podcast shows or I think they're new podcast shows, and I find some, I go looking, I'm like, "Wow, look at this," and then I look at the dates and I realize, oh, they're last one was six months ago.

Jack Butala:                         It's over.

Jill DeWit:                            I'm like, "Well, that didn't work."

Jack Butala:                         The truth is, Jill knows, we were in Scottsdale buying and selling houses for our new program called House Academy, and man, did it work.

Jill DeWit:                            That was so fun, super fun.

Jack Butala:                         It's really a topic for a whole episode, but can you give us the highlights here? Did you think we would buy and sell a house that fast?

Jill DeWit:                            Yeah.

Jack Butala:                         You did?

Jill DeWit:                            Yeah. This is one of those things, Jack, you and I are so different, which is great, part of why we're so good together. When it comes to stuff like this, you're a little bit of a glass half empty and I'm a glass half full. I'm like, "Oh, no worries. I know we got this. I know it's priced right. I know who we are. I know how valuable the asset is. We got this."

Jack Butala:                         I did a bunch of analysis on how three specific zip codes perform in a little section of central Scottsdale, Arizona, sent everybody who did not have a mortgage, their mortgage is paid off, a cash offer for a certain amount. I priced it and we ended up buying three houses.

Jill DeWit:                            It's awesome.

Jack Butala:                         The first one sold. The other two are not sold because we don't want to put them on the market. We've built the buyer list of flippers, renovators, and we're just working it through and it's working out great so far. I'm surprised. I mean, I really am. Maybe it's our experience level too, I don't know.

Jill DeWit:                            Can I share a tip? I had no idea this was going to work.

Jack Butala:                         Yeah.

Jill DeWit:                            You and I, I don't know whose idea it was, "Hey, let's have an open house," like right?

Jack Butala:                         It was my idea.

Jill DeWit:                            Okay.

Run to the Bank Notary Close Title Insurance Afterward (LA 1063)

Transcript:

Steven Butala':                  Steve and Jill here.

Jill DeWit:                            Happy Friday.

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

Jill DeWit:                            And I am Jill DeWit, broadcasting from gorgeous, sunny southern California.

Steven Butala':                  Today, Jill and I talk about a run to the bank, notary close, and then going to get title insurance afterward, after the property's in your name.

Jill DeWit:                            This sounds so weird, but you can do this.

Steven Butala':                  And it's not-

Jill DeWit:                            It's okay.

Steven Butala':                  Yeah, it's not complicated.

Jill DeWit:                            Right.

Steven Butala':                  It's just a step-by-step process, and it accomplishes one of the most important things in a real estate transaction that you could ever hope for, which is speed.

Jill DeWit:                            Yup. Also, just getting it done.

Steven Butala':                  Time kills deals.

Jill DeWit:                            Yes, it does. Sometimes you have to be scrappy.

Steven Butala':                  Especially with certain personality types. Certain personality types, meaning sellers, really need to get things done quickly. They need money and there's a lot of different reasons, but it's a such a good property. It needs title insurance.

Jill DeWit:                            Right.

Steven Butala':                  This is a little product that Jill and I together devised. I'm not afraid to say it over a pretty nice bottle of wine.

Jill DeWit:                            Thanks.

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:                            About that bottle of wine, by the way, just pause, I'm not so into wine anymore. But you know what? I'm developing a good taste for this tequila.

Steven Butala':                  Oh my gosh, Jill.

Jill DeWit:                            I'm not kidding. I never-

Steven Butala':                  You're my dream girl.

Jill DeWit:                            Oh really? But I've been learning. We have a new neighbor who has a strong affection for good tequila. And I thought all tequila was bad, because we all have bad experiences and bad hangovers and bad party situations and doing stupid shots of tequila. Well, I didn't know until recently you don't have to drink all tequila that way. I didn't know you could put a nice ice in a nice glass, pour tequila in there and just enjoy it and sip it.

Steven Butala':                  Yeah.

Jill DeWit:                            And I like the caramel-y ones. I'm here to tell you I'm not a smokey tequila one. I'm learning that too. How funny and why I love that. This is my version of being ... I can't be a wine snob, but I can like tequila.

Steven Butala':                  Here's the new name of this show.

Jill DeWit:                            Uh-oh (negative)

Steven Butala':                  Jill goes to a tequila tasting.

Jill DeWit:                            That's right. That is the new name of the show.

Steven Butala':                  Gets carried home.

Jill DeWit:                            Thank you.

Steven Butala':                  Steve carries her home.

Jill DeWit:                            That was good. Okay. Alright, so back to the question. Robert wrote, "I purchase a parcel in the Joshua Tree area last year. The previous owner had purchased a parcel from a tax deed sale. I sold the parcel double what I bought it for a short while later."

Steven Butala':                  We do this all the time. Exactly this situation.

There are Con Artists All Around You (LA 1062)

Transcript:

Steven Butala:                   Steve and Jill here.

Jill DeWit:                            Hi.

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 sunny Southern California.

Steven Butala:                   Today, Jill and I talk about how there are con artists all around you. And here's the show that Jill and I talked about right before we started.

Jill DeWit:                            Yep.

Steven Butala:                   This has that potential to be so negative and we won't let that happen.

Jill DeWit:                            Because that's not who we are.

Steven Butala:                   We're going to just give you our take on our industry and the land industry and the education industry and we're going to laugh about it. And it's not negative.

Jill DeWit:                            Nope. But we want you to be aware.

Steven Butala:                   Yeah.

Jill DeWit:                            And we're going to talk about that.

Steven Butala:                   A couple of days ago, we had an interview with Travis Jenkins.

Jill DeWit:                            Yesterday.

Steven Butala:                   Yeah. Yeah. Yesterday. And he flat out said, I don't know if it was in the after show or in the actual show, he said, "I think that you guys have an obligation to do the show like this to really, because you're the ones who have the experience at all of it." So we'll get into it in a second, but-

Jill DeWit:                            I forgot that part.

Steven Butala:                   It was a good compliment.

Jill DeWit:                            It was nice.

Steven Butala:                   And this is my way of relieving my obligation to Travis Jenkins.

Jill DeWit:                            Nice.

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:                            Jim W. wrote, "Hi, all. I've been selling lower-cost properties on terms without title. I'm closing my first larger sale with title and they are preparing a payoff deed to be recorded. I have heard we do not want to use a deed of trust as then you need to go through foreclosure to recover property if there's any default. Is anyone familiar with a payoff deed and what is necessary if the buyer defaults? Thanks, James." This is all your thing.

Steven Butala:                   A payoff deed? So he's exactly exactly right. What he's going down the path of doing a deed of trust. There's two ways to sell property on terms with with seller financing. A deed of trust, which is very similar to how you would buy a house. The property gets recorded in your name. There's a mortgage on it, and they have a lien. So in the case of a deed of trust here with land, it's the exact same thing. That property goes into the new buyer's name and you, the seller, are essentially acting as the bank and in between you is a trustee. And the deed of trust outlines all of this. In fact, it's just like a car title. They're actually on the actual deed so that when the property gets all paid off years from now, that pay off deed, just like you get a new title to your car, the Toyota Financial or whatever's on there gets removed and would get removed as a seller and you get a pay off deed.

Steven Butala:                   That's the mechanics of it. The other way is a land contract where I'm a seller. I sell a property to Jill. We sign a contract, the deed, property stays in my name until she pays it off. Then I deed it to her. And that way if you're out of compliance, if she's out of compliance in any way during the course of the deal, there's terms and conditions in there and procedures about what happens.