Land vs Houses

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

Jack Butala:                         Today, Jill and I talk about land versus houses. Which one's better for you? I have so much to say about this topic, too.

Jill DeWit:                            I do too. I mean, there-

Jack Butala:                         You were madly scribbling your notes before the show.

Jill DeWit:                            I was, I know. They're different.

Jack Butala:                         So different, aren't they?

Jill DeWit:                            But they're, I love 'em, but they're both valuable. They're both great. I have positive things to say about both. They're not hard. It sounds like it's hard. It sounds like one's harder than the other. I swear there's two camps. I don't know if you've noticed. The house people think, "Oh, I couldn't get involved in the land," and the land people think, "Oh, I don't know about the houses."

Jack Butala:                         Yeah.

Jill DeWit:                            But it's not that crazy.

Jack Butala:                         Exactly.

Jill DeWit:                            Thank you.

Jack Butala:                         Before we get into Jill's banter, let's take a question posted by one of our members on the jackjill.com online community. It's free.

Jill DeWit:                            Okay. Luke says, "I was just noticing in my accounting software that the number of properties bought crossed over 1,000 since I started. It doesn't seem like that many, but I wholesaled a bunch off along the way and I never even put in the accounting system too." Oh my God.

Jack Butala:                         He means this is more than a 1,000.

Jill DeWit:                            Exactly. The phone keeps ringing. 2000s coming right up.

Jack Butala:                         There's a saying in Hollywood and I wondered what it meant until I was successful in Real Estate. "Fame sneaks up on you."

Jill DeWit:                            Oh.

Jack Butala:                         And when people say that what I think they're really saying is, "You know, I've been doing this, exactly what I do, for ten years now but it seems like in the last year ever since X, like I got on a TV show or something and now it's like, "Wow this all caught up with me."

Jill DeWit:                            Yeah.

Jack Butala:                         In professional baseball they say, they call the Big Leagues, the show. And if you ask, a, you know let's try to make it to the show, if you ask somebody in the minor leagues they just they've been playing baseball the same way their whole life and all of a sudden now there's a stadium of people watching.

Jill DeWit:                            Exactly.

Jack Butala:                         I think that's really healthy.

Jill DeWit:                            I think that's cool. It's like, I tell you I like your celebrity run and I was thinking how it sneaks up on you. It's like I never used to be able to get a table, now I can get a table everywhere I go.

Jack Butala:                         Here's a few things you don't want to sneak up on you like that at all.

Jill DeWit:                            Oh no.

Jack Butala:                         You don't want to look at a calendar and say, "Oh my God, I'm 75 years old. Where did that go?"

Jill DeWit:                            Right? Or look in the mirror.

Jack Butala:                         Or look in your drawer and say, "Oh man I should have changed all of my undergarment stuff, they got to go."