Larger Than You Ever Imaged Acquisitions (LA 788)

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 Dewit, broadcasting from sunny southern California.

Steven Butala:                   Today, Jill and I talk about larger than you ever imagined acquisitions.

Jill DeWit:                            Larger is always better.

Steven Butala:                   Really?

Jill DeWit:                            I'm just kidding.

Steven Butala:                   You're on a roll with that stuff lately.

Jill DeWit:                            Sorry.

Steven Butala:                   Is that true?

Jill DeWit:                            No.

Steven Butala:                   Is it?

Jill DeWit:                            No.

Steven Butala:                   Or just not absurdly small?

Jill DeWit:                            We're not gonna talk about that.

Steven Butala:                   Oh. Here's the thing that Jill and I were just talking about right before the show, we teach and guide people to buy and seel real estate. And a lot of what we talk about, to bring it down to meet them from where they're coming is A to B to C to D, bang, you got some money. Do it again, a little bit more money. But we don't talk about enough. And we designed a live event around this that's happening in a few months to talk about this and what the whole show is about.

The sky's the limit. People make 70, 80, 150 million dollars on a real estate deal. On land deals.

Jill DeWit:                            Exactly.

Steven Butala:                   What stops people, especially newer people in the first five years of their career is this concept ... we're actually talking about the show, I guess.

Jill DeWit:                            I guess we are.

Steven Butala:                   "Well, I only have $5,200 in my bank account, how the heck can I make 70 million bucks on a deal?" Well, the answer to that, I'll give you the answer to that Mr. Bender next Saturday.

Jill DeWit:                            Oh.

Steven Butala:                   Before we get in to it, it's the Breakfast Club.

Jill DeWit:                            I know that.

Steven Butala:                   Before we get into it, let's take a question posted by one of the members, one of our members. On the Land Investors online community, it's free.

Jill DeWit:                            Milan asked, "Title companies," I feel your pain here Milan, "Title companies are driving me crazy with their long close. A few properties I'm buying through a couple of title companies are now in one month wait and counting. And still nothing happening."

Steven Butala:                   A month is about right.

Jill DeWit:                            "When you contact them, they're polite and they say, oh we're still waiting for the title report."

Steven Butala:                   Yeah, they're not.

Jill DeWit:                            "Grrr," he says. "My question for you guys is what is your strategy to make sure the seller doesn't change his mind in this never ending wait?" I know, I know. They sign a purchase agreement, but I believe they can back out from the deal anytime if they want, which is true. "I'm thinking about sending the seller a check for $300 just to sort of keep them committed, what do you guys do?