Path of Professional Real Estate Acquisitions (LA 729)

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 DeWitt broadcasting from sunny Southern California.

Steven Butala:                   Today Jill and I talk about the path of the professional real estate acquisitions.

Jill DeWit:                            Is that a person?

Steven Butala:                   Yeah.

Jill DeWit:                            Cool.

Steven Butala:                   Every real estate company.

Jill DeWit:                            Path of a professional real estate acquisition pro. I feel like pro is in there twice, but there you go.

Steven Butala:                   Path of a professional real estate acquisitions executive.

Jill DeWit:                            There we go.

Steven Butala:                   Every real estate investment trust, every wall street fund, every institutional investor, they have a guy sitting in a corner, I used to be this guy. He's called the Vice President of Acquisitions. And his job is, that's what this show is all about.

Jill DeWit:                            There you go.

Steven Butala:                   His job is to find property that nobody knows about, off market property, and provide a clear running stream, a flow, a pipeline of deals to the guys that make decisions at the top.

Jill DeWit:                            I have something funny to add. Why the heck does this not make sense? And because I've been spending a lot of time in Bigger Pockets too lately. Every single person in Bigger Pockets says we want off market deals. And you ask them, where do you go looking for deals? MLS.

Steven Butala:                   MLS.

Jill DeWit:                            (Laughs).

Steven Butala:                   (Laughs).

Jill DeWit:                            We did not rehearse that. That was so funny. Like what the heck? You can't expect it to work if you're not looking in the right place.

Steven Butala:                   Everybody wants to kiss a pretty girl. How many pretty girls-

Jill DeWit:                            How many have you dated?

Steven Butala:                   Have you walked up to lately? Oh, none. (Laughs).

Jill DeWit:                            Zero. (Laughs). Oh, my gosh. That's so good.

Steven Butala:                   So this show is a story of if you want the ...I don't know why you would want that position. You know here it is in a nutshell. Land Academy itself is me, sharing my experience as a professional real estate acquisitions executive for years and years and years. And taking all that high level, go pro type methodology and the tools and stuff, and making it available to everybody. Making it available to a kid who wants to buy, in the beginning, a five hundred dollar piece of property and sell it for a thousand, and then parlay that into skyscrapers or whatever.

                                                Yesterday we talked, the question was, why the heck is everybody kind of branching out into other stuff after they get the hang of it with land? Because that's what it's intended for.

Jill DeWit:                            Because they can.

Steven Butala:                   That's the intention.

Jill DeWit:                            Yeah.

Steven Butala:                   The intention is to learn with land.

Jill DeWit:                            It's true.

Steven Butala:                   Learn with with your own money. Learn how to use data and then go do what makes sense to you.

Jill DeWit:                            Yeah, your whole goal should not be to do, I'm doing a thousand now, five hundred dollar transactions I sell for fifteen hundred do...