Millionaire - Define Your Next Goal - How Much is Enough (CFFL 567)

Transcript:

Jack Butala:                         Welcome to Land Academy. I'm Jack Butala.

Jill DeWit:                            I'm Jill DeWit.

Jack Butala:                         We show you how to buy real estate for half of what it's worth.

Jill DeWit:                            And sell it on the internet really fast.

Jack Butala:                         We are Jack and Jill, and this is the Jack and Jill Show Two.

Jill DeWit:                            We are Jack and Jill, and this is the Jack and Jill Show Two.

Jack Butala:                         With over 15,000 completed transactions, we're the experts at acquiring property.

Jill DeWit:                            Of all kinds, not just land.

Jack Butala:                         For half price, and flipping them for way more.

Jill DeWit:                            All right, let's get this show started.

Jack Butala:                         Jack and Jill here.

Jill DeWit:                            Hey.

Jack Butala:                         Welcome to the show today. In this episode, Jill and I talk about millionaire. You know, it's Millionaire Week. How to define ... defining your next goal, and how much is enough? When do you stop? Do you ever stop? Before we get into this, let's take a question posted by one of our members on the LandInvestors.com online community. It's free.

Jill DeWit:                            Yup. I think I'm going to stop tomorrow. Just wanted to share that. I think I picked a day and it's tomorrow.

Jack Butala:                         Jill, please don't. Can you please give me two weeks notice like everybody else?

Jill DeWit:                            Yeah, no, sorry.

Jack Butala:                         Turns out we actually need you here. Like, all of us. The thing's getting huge.

Jill DeWit:                            Jack, I'm tired. I think tomorrow is good, I think this is enough.

Jack Butala:                         You're welcome to take weeks or months off, but I feel like we just can't stop.

Jill DeWit:                            Oh, come on.

Jack Butala:                         Can you imagine? Oh, my God.

Jill DeWit:                            You got this.

Jack Butala:                         Can you imagine if we just stopped?

Jill DeWit:                            That would be funny.

Jack Butala:                         How many people would be like ...

Jill DeWit:                            Do you know what, Jack? Could you ...

Jack Butala:                         Not the show, but like our members.

Jill DeWit:                            You and I ...

Jack Butala:                         You know, it would be like, what do you mean you stopped?

Jill DeWit:                            Away from our team, well me, you did four days, I did five days, where I was not in the office.

Jack Butala:                         I mean our members, not our employees. They'll be fine.

Jill DeWit:                            Well I don't even know. I mean, taking five days, I felt guilty. I felt like, I don't know if they're doing it, or doing well or not doing well, they're not telling me anything. But I'm feeling a little guilty like they need us. So yeah, it is hard to stop.

Jack Butala:                         That's over-related. I don't have any of that.

Jill DeWit:                            You're so silly. All right, Peter asked, when offering in high-demand areas how do you deal with a seller's market or seller's hold out for higher prices?

Jack Butala:                         So I'm going to infer a bunch of stuff here, like a high-demand area, do you think that's like an urban area, Jill? Or do you think it's like an area that's received offers from multiple people?

Jill DeWit:                            High-demand, to me is not a lot of properties,