Quality Data is Imperative for Land Investment

Jack Butala: Quality Data is Imperative for Land Investment. Leave us your feedback for this podcast on iTunes and get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening.

Jack Butala:                            Jack Butala with Jill DeWit.

Jill DeWit:                               Happy Friday.

Jack Butala:                            Oh, my gosh. It is Friday. Welcome to our show today. In this episode, Jill and I talk about why quality data is imperative for land investment.

Jill DeWit:                               Due to get imperative.

Jack Butala:                            I know it's a little-

Jill DeWit:                               Pa, pa.

Jack Butala:                            I know.

Jill DeWit:                               Imperative. Sorry.

Jack Butala:                            We literally got new equipment for next week and I can't wait to try it out on Monday.

Jill DeWit:                               Me also. It's the same Fox new equipment. I was reading on that, like they use it on the sidelines in the Fox games.

Jack Butala:                            Not Fox news, but-

Jill DeWit:                               Well, not Fox, the Fox Sports.

Jack Butala:                            I know, the NFL. It's the same headsets that the NFL guys have.

Jill DeWit:                               Yeah.

Jack Butala:                            That's one of the perks I have in this whole thing. Like this [crosstalk 00:00:34] thing.

Jill DeWit:                               Shopping.

Jack Butala:                            Yeah. I can just get a bunch of audio-video toy-

Jill DeWit:                               Shop for equipment.

Jack Butala:                            All the audio-video toys I've ever want, I'm now allowed to get.

Jill DeWit:                               Because they're all business expenses. You know what else I can do? I get my hair done.

Jack Butala:                            Yeah. Exactly. Oh, I need a new outfit for that.

Jill DeWit:                               I do need a new outfit for that.

Jack Butala:                            That goes on a lot.

Jill DeWit:                               Yes. I need a new outfit that matches my headset.

Jack Butala:                            Everybody's winning here.

Jill DeWit:                               Thanks.

Jack Butala:                            Especially our members.

Jill DeWit:                               Thanks.

Jack Butala:                            Before we get into it, let's take a question posted by one of our members. Speaking of members, on the LandAcademy.com online community, it's free.

Jill DeWit:                               Okay. David asks, I bought a property, paid $3500 for it, did my own due diligence and it seemed perfectly clean. Now, I'm in the process of selling it for cash. The buyer wants title insurance and the title company found a deed of trust from 1996 against a loan for $9,900 dating back to 1996. The company who holds the note was dissolved a long time ago. Any suggestions? At worst case, can I sell it without title insurance?

Jack Butala:                            This a PhD-

Jill DeWit:                               I love this.

Jack Butala:                            ... level question, David.

Jill DeWit:                               Wow.

Jack Butala:                            We have a bunch of Davids, but I know who this one is now. This is why David, by the way, this David, is ridiculously successful in this.

Jill DeWit:                               Is it the David I'm thinking of?

Jack Butala:                            Yeah.

Jill DeWit:                               Okay.

Jack Butala:                            It is. Because I can read your mind.