New Land Investor Topics Live Tonight

Recording Location: 33.840103, – 118.391379

Jack Butala:                       Jack Butala and Jill DeWit.

Jill DeWit:                           Hello.

Jack Butala:                       Welcome to our show today. In this episode …

Jill DeWit:                           [crosstalk 00:00:05]. Sorry.

Jack Butala:                       In this episode, Jill and I talk about our land investor topics for our live meetup tonight in Los Angeles, South Bay, really, of Los Angeles.

Jill DeWit:                           Exactly. I have something funny about South Bay I’ll say in a minute, too.

Jack Butala:                       Before we get into it, though, let’s take a question from one of our callers.

Jill DeWit:                           Cool.

Jack Butala:                       On the LandAcademy.com community.

Jill DeWit:                           Exactly.

Jack Butala:                       It’s free.

Jill DeWit:                           All right. Jordan asked this question, “I noticed the latest recording date link next to the menu from which you choose a county in RealQuest Pro. It seems like most counties have very new data, but a few are a little older. How bad is it if the date is significantly, say over a year, in the past?”

Jack Butala:                       This is a great question and it’s actually a bigger picture. Actually, I sat down and wrote half of a blog on this exact topic.

Jill DeWit:                           Did you? Good.

Jack Butala:                       Called, “How to Pick a County.” There’s a simple three-step process that we use to pick a county from a demographic standpoint, like where we really think this will logically work. But what you also have to take into consideration is the quality of the data that you’re pulling and how much information you might have about once somebody does sign your offer and send it back, you know, can you actually do the research? There’s a few more semi-advanced ways to look at these counties to make sure that you can actually pull off doing a real estate deal.

Let me give you a couple of examples. In east Texas and west Texas and some parts of northern, let’s say, New Mexico, and there’s several other counties in northern Michigan for some reason, they just don’t participate in the RealQuest Pro program and they don’t, let’s say, have … There’s some counties in Arizona, you know, it’s hit or miss all over the country, really. There’s no rhyme or reason, east or west, north or south. They just don’t participate in it or they don’t have a GIS site. It’s not a high priority. Once you get a little further into this, you know, no one wants to get stumped. I’ve never heard of anyone sending a mailer out and getting completely and totally stumped and not buying one property if you do it right. But you want to look into these things. Does the county have a GIS site? Do they have working hours that … Do they work more than one day a week? Some counties, they’re so small that everybody’s got another job. They only work one day a week. It’s hard to get stuff recorded.

Jill DeWit:                           That’s true.

Jack Butala:                       You want to look into that. I guess Jordan’s question here is, “If it’s older data, how bad is it?” The answer, quite honestly, with this product type is it’s not that bad. Okay? These rural, vacant properties don’t change hands very much, but if you listen to yesterday’s show, Jill and I talked about turning some very large ranch-type transactions that are in the million dollar range in southern California. Those properties change a lot more frequently so ...