LandPin.com - Why Our Website Works

Jack Butala: LandPin.com - Why Our Website Works. Leave us your feedback for this podcast on iTunes and get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening.

Jack Butala:                         Jack Butala and Jill DeWitt.

Jill DeWit:                            Happy Christmas eve, eve.

Jack Butala:                         Yeah and Friday too.

Jill DeWit:                            It's Friday.

Jack Butala:                         We're the only ones working.

Jill DeWit:                            Christmas eve, eve. Yes. Got it.

Jack Butala:                         What's wrong with us?

Jill DeWit:                            I don't know.

Jack Butala:                         You know what was great, is that we went to a five day show, five shows a week instead of seven. Remember that?

Jill DeWit:                            Exactly.

Jack Butala:                         Man, that was better.

Jill DeWit:                            That was much better.

Jack Butala:                         Welcome to our show. It this episode Jill and I talk about landpin.com and why our website works so well, so yours can too. Before we get into it let's take a question posted by one of our members on the landacademy.com online community. It's free.

Jill DeWit:                            Okay. Chip asks, do you find that five acre parcels sell quicker than 40 acres? Or do larger affordable, wait, or larger due to the affordability and a wider group of buyers? Or if you buy it right does that even really matter? Boy, it's a good question.

Jack Butala:                         It really is a good question and there's multiple questions actually in the whole question. He's right at the end. If you buy it right it's all going to sell. If you buy it wrong it's all going to sell but here's the thing. It's going to take a lot longer. We always talk about yield on acquisitions. We want to increase our yield as much as we can to buy good property cheap. Same thing with sales here. You want to buy the right property but you do not want to own it for long at all. That's the whole key. You're gauging against time. The money, the way we buy it, we don't even talk about that. The sales prices are always more than double than what we paid.

Jill DeWit:                            Exactly.

Jack Butala:                         There's no issues with that. The general rule is if you're selling property for cash the cheaper the better. Yes, five acre properties sell better. We try to target buying property for 500 to 1,000 bucks, five acres and sell them for about ...

Jill DeWit:                            How much cash, how much terms. There's two different ...

Jack Butala:                         I know. Two to four thousand bucks for five acre properties and I love 40's too.

Jill DeWit:                            Me too. It's like, there's something about five acres for people. It seems manageable. No, my neighbors are right on top of me. Yeah, it's not like it's a big piece of property.

Jack Butala:                         Five acres is a lot.

Jill DeWit:                            It really is.

Jack Butala:                         It's a lot of property.

Jill DeWit:                            Remember we were driving around just here right where we live and I was looking at this, they just leveled what used to be a home and they're starting over and I'm like that's like a point one maybe and it looks big. It can't hurt the beach.

Jack Butala:                         I think it's point o one.

Jill DeWit:                            Maybe. It's so funny. It's really small. Small on the scheme of things but you can do a lot with that. Back to what you said about five acres. Man, if we saw five acres here at the beach Jack, it would be like huge.

Jack Butala:                         Churches are on a half acr...