Transcript:

Steven Jack Butala:

Jack and Jill here.

Jill K DeWit:

Howdy.

Steven Jack Butala:

Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala.

Jill K DeWit:

And I'm Jill DeWit, broadcasting from the Valley of the Sun.

Steven Jack Butala:

Today, Jill and I talk about the pros and cons of partial land ownership.

Jill K DeWit:

Are there pros?

Steven Jack Butala:

There are.

Jill K DeWit:

Okay.

Steven Jack Butala:

There's a bunch.

Jill K DeWit:

I can think of one situation where there's a pro, and I'm going to save it and see if you cover it, and if not I'll throw it in at the end.

Steven Jack Butala:

There's an equal number of pros and cons-

Jill K DeWit:

Huh?

Steven Jack Butala:

... that's the fastest... Well, here's a little tea, a little test, a little taste. If you own half of a property, you only have to come up with half the money. If you own 1/3, and on, and on, and on.

Jill K DeWit:

That's my pro.

Steven Jack Butala:

It's a great way to...

Jill K DeWit:

On the buy side. It's not a pro on the sell side.

Steven Jack Butala:

On the sell side, you're cutting it all up.

Jill K DeWit:

Like, great now I have to share half the profits. That stinks.

Steven Jack 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. Last year, a ton of people, Land Academy members actually-

Jill K DeWit:

Well actually, 2021.

Steven Jack Butala:

Two years ago?

Jill K DeWit:

Yeah.

Steven Jack Butala:

... needed help getting their mail campaigns in the mail, which I understand. There's a lot of moving parts to that. We created a concept called Concierge Data Plus, which is an offshoot of our mail company, Offers2Owners, to help you get the amount of mail that you think you need to get in the mail monthly, and keep it on track so you can hit your goals. Go to [email protected], and check it all out. Or, just call those guys. They'll tell you exact... We have a lot of customers utilizing this tool and doing deals.

Jill K DeWit:

Can I just add clarification for new people real quick? Here's the big picture, this has been a thing forever, since people started joining Land Academy and following what we do, like How the heck are you doing that? There's a mail merge involved. There's getting the data, but there's scrubbing the data, there's pricing the data. I don't have a PhD in Excel like you do, Jack, so this is why we solved this. We are letting you use our team to help you download, scrub, pull comps so you can price the mailers how you want. You tell them what percentage you want, and then they price it. Then they get it in the mail for you. It's really awesome. It just takes that work out of it for you.

If it's something you're not into or not comfortable with, or you're just frankly too busy, that's the greatest thing for me. I really thought that the majority of people that would be using Concierge Data, which is a product of Offers2Owners.com, number two Owners, would be people that are just like, I can't handle this. This is just too much for me to grasp right now and figuring this all out. But no, it's our heavy hitters. The majority of the users are people that have been with us for several years. They're like, I'm just done doing my own mail. I use Concierge Data. It saves me time. It keeps me on track. It rocks.

Steven Jack Butala:

We used to be the biggest customer of Concierge Data, and we no longer are not.

Jill K DeWit:

Yeah, now we're not.

Steven Jack Butala:

By leaps and bounds we're not.

Jill K DeWit:

There's other people sending more mail than us, and it's awesome.

Okay, so back to the question. Will wrote, I have a counter offer on a commercial property. Is there someone that could chat with me about some of the due diligence steps, and how they would or should be different for a commercially zone property? Well, there's an easy answer,