Land Deal Case Study - Buy for 25K and Sell for 51K a Year Later (LA 1815)

Transcript:

Steven Jack Butala:

Steven and Jill here. Welcome.

Jill K DeWit:

Hi.

Steven Jack Butala:

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

Jill K DeWit:

And I'm Jill DeWitt broadcasting from sunny Southern California.

Steven Jack Butala:

Today, Jill talks about a land deal case study. She did a whole land deal case study.

Jill K DeWit:

Boy, do I have some notes here for you.

Steven Jack Butala:

We bought a property for $25,000, sold it for about $51,000, but it took a year and we're in great detail... See about why.

Jill K DeWit:

Exactly.

Steven Jack Butala:

Before we get into it, let's take a question posted by one of the members on our landinvestors.com online community. It's free and I need to tell you that we, Jill and I, released a program about a year ago called "Concierge Data", where you can completely and totally outsource your mail campaign. If you're sending out a ton of letters already, this is for you. This will remove a lot of time consuming data manipulation and all of that. Or if you're brand new and you quite simply want to get that first mailer out and you're having trouble, go to offers2owners.com and ask them about concierge data. They'll help you out for sure.

Jill K DeWit:

Thank you very much. Tammy wrote: "Hi. I must have been listening to your old podcast that played again during the holidays about the next live event. I thought there's one in October, but I haven't seen anything. Does anyone know if one's coming up?" Why do we put this in here? Because we keep going back and forth on this.

Steven Jack Butala:

Well, I wanted to know because I'm kind of putting you on the spot to see if we're going to have a live event.

Jill K DeWit:

I don't know. We kind of accidentally did.

Steven Jack Butala:

Cause I'd like to know.

Jill K DeWit:

We had a post career path session for...

Steven Jack Butala:

I want to know if we're going to have one too.

Jill K DeWit:

Eight people came out to hang out with us and just have an evening and go to dinner. That was really fun. And most of them did it on their dime and I really appreciate that. And we did feel the love and happy. We got to see you and talk with you and have dinner with you and have a drink with you and laugh with you. That was really cool.

Steven Jack Butala:

We don't know.

Jill K DeWit:

So yeah, I don't know, Tammy, I go back and forth. It just takes so much. It's so involved and I got to do it right. We've been thinking about doing it for just career path only. When you finish your career path, you get added to the advanced group and that group really knows what they're doing. And we really have some great, high level discussions. Right now we're thinking if we do one, it'll be early 2023, before we do it. And we will do it probably for that group.

Steven Jack Butala:

Yeah, that's what I think too.

Jill K DeWit:

That's our latest.

Steven Jack Butala:

Today's topic, Jill's going to talk about her land deal case study, where she buys property for 25 grand, sells it for $51,000, but a year later.

Jill K DeWit:

Right.

Steven Jack Butala:

This is the meat of the show.

Jill K DeWit:

And this is just a deep dive. This is not that I'm picking on anybody. It's not like this sucked. These are just the facts, man. I want to tell you how some of these deals can go. So you're like, "God, what did I do wrong?" You know what? It happens. It happens all the time. So many things can happen and you got to roll with it. By the way, you can't get hung up on this. So I'm going to go through the calendar here. I'm going to give you my real numbers and information as best I can. And you're going to get the picture of this whole thing. And then at the end I will open it up to Q&A from Jack.

Steven Jack Butala:

That's code for sip it while I talk.

Jill K DeWit:

Right? Exactly. So,