Make Mistakes at 100 Miles an Hour (LA 731)

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 DeWit broadcasting from sunny southern California.

Steven Butala:                   Today Jill and I talk about … if you’re going to make a mistake, make it at a 100 miles an hour.

Jill DeWit:                            Like on these shows?

Steven Butala:                   This whole show is one big, long mistake. We are on episode 731 of our long mistake.

Jill DeWit:                            And we’re still making mistakes.  Maybe by a 1000. Make mistakes at a hundred miles an hour and 731 times.

Steven Butala:                   Actually that’s a pretty good pre-lit into this whole thing.

Jill DeWit:                            There we go.

Steven Butala:                   No, this show … we all know what the show’s about. You don’t want to be timid.  You want to go into something barrelling through it. I’m going to tell some old sports stories when we get all into the show.

Jill DeWit:                            Oh, I’m glad I have my nail polish.

Steven Butala:                   I know, exactly. Oh my God, you do have nail polish today.

Jill DeWit:                            I do have nail polish.

Steven Butala:                   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. Gary asks: “Hello, everyone. All of my sales to this point have been in the range of $2,500 and under. I recently been making purchase in higher price points. I now have a parcel for sell, which is in our contract to sell for $7,999, and the purchaser wants to use a title company to perform the closing. They’ve agreed to pay all the fees associated with the title company,” it’s going great, “My purchase price for the property was only $1,999, so I did not pursue title insurance when I purchased. I’m wondering if this will become a problem with the title company. Does anyone have the name of a title company in Arizona, which is good to work with in regarding land transactions, but-“

Steven Butala:                   Yeah. Well, I’ll answer the last question first. Call Dora Goodmiller. They cover the whole state of Arizona, but they are out of-

Jill DeWit:                            Is she like Apache or way up that area?

Steven Butala:                   It’s closer to Vegas; Kingman.

Jill DeWit:                            Okay.

Steven Butala:                   There out at Kingman. Her sister Denise used to be the treasurer from Mohave County and that’s how I found out about her. And she’s jumped around from titles … if you just Google her, you’ll find out where she works now, but I’ve closed, I’m not exaggerating, maybe five to eight thousand transactions with her, and please tell her we sent you there.

                                                In fact, I just bought a property from a direct competitor.

Jill DeWit:                            Oh, really?

Steven Butala:                   Yeah. Three days ago I was doing research and it’s funny how, like, I get every-

Jill DeWit:                            How come? What was it?

Steven Butala:                   It was a piece of property in northern Arizona, but I … about once a month somebody emails me and they say, “We’re buying a property and you’re in the chain of title,