Million Dollar Views (LA 841)

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 DeWitt, broadcasting from sunny, southern California.

Steven Butala:                   Today Jill and I talked about million dollar views. Again all of these clichés, this week.

Jill DeWit:                            Yep.

Steven Butala:                   This is like positive cliché week.

Jill DeWit:                            Yep.

Steven Butala:                   Clichés that I think are true.

Jill DeWit:                            Yep.

Steven Butala:                   And they all have one thing in common, too, that no one ever thinks about. It's all justifying the price of a property.

Jill DeWit:                            It is.

Steven Butala:                   Well, real estate agent, why is this property twice as much as all of the other property around it? Well, it has million dollar views.

Jill DeWit:                            Because you're the front house. You know, that's it. I agree.

Steven Butala:                   Hey, appraiser, are you think you're gonna be able to appraise this? It's twice as much as every other property in the neighborhood.

Jill DeWit:                            Mm-hmm (affirmative).

Steven Butala:                   I don't know.

Jill DeWit:                            Exactly.

Steven Butala:                   It's million dollar views.

Jill DeWit:                            Yep. I wish I could ... Well, we'll get into the show. I'm gonna try to do an interpretation here in a minute.

Steven Butala:                   Before we get into it, let's take a question posted by one of our members on the landinvestors.com online community. It's free. And as you listen to us, please drop your questions into the comments section below.

Jill DeWit:                            Walden asks, "Hey, guys, I'm in the process of automating a lot of what I do-

Steven Butala:                   Good.

Jill DeWit:                            And one area that is a sore spot for me is Excel/Google Sheets. Do you guys have any macros you could share for subdivision pricing and scrubbing."

Steven Butala:                   This is a good question. So it doesn't work like that. I wish it did. But I, and I think everybody else that's listen to this, creates their own macros and creates their own ...

Jill DeWit:                            System.

Steven Butala:                   Equations and spreadsheets and, you know, I think honestly most people who are good at that and it comes natural to them, it's never finished the way an artist is like, "The painting is never finished." So ...

Jill DeWit:                            Right.

Steven Butala:                   What I would do, and we talked about this a lot at the live event, if this is something ... Because this is an extremely important part of this, part of succeeding as an investor. I would find somebody else in the group who's good at it and cut'em in on your deal somehow or start to work with them in some way. There's gotta be something that you have that that other person doesn't have, like what Jill and I have going on, where that's just my forte. Data and analysis and things like that. And I'm not real interested in talking to people. I'm only interested in talking to a microphone.