Ramping up Acquisitions for 2018

Transcript: 

Jack Butala:                         Jack and Jill here.

Jill DeWit:                            Hi.

Jack Butala:                         Welcome to the Jack-Jill Show, entertaining real estate investment advice. I'm Jack Butala.

Jill DeWit:                            And I'm Jill DeWit broadcasting from sunny Southern California.

Jack Butala:                         Today, Jill and I talk about ramping up acquisitions for 2018. Jill, I can't wait. Based on what we just talked about before the show, I think there's some pretty good stuff here.

Jill DeWit:                            Yeah. You should never be afraid of deals, finding deals, a number, stuff that's out there.

Jack Butala:                         I can honestly say there has never been a better time to buy and sell real estate in my career.

Jill DeWit:                            That's awesome.

Jack Butala:                         I hope that's the same for whoever's listening or thinking about getting involved or I know for sure there's-

Jill DeWit:                            I want to say something right now. We are at the end of 2017. Think about this for a moment. Where were you, listener, and you, Jack, I'm going to have you share, where you were at the end of 2007 and how ... ?

Jack Butala:                         Geez.

Jill DeWit:                            Right? Think about this, 2007 was 10 years ago. I hate to bring that up to a lot of you, Jack included, but that was 10 years ago, 2007 was a bit of a scary time. I personally got so flipping lucky, I cannot tell you. I sold a home for about 80% more than I paid for it in 2007 'cause it was in Arizona and it was just before it started to tank there. I was right literally under the wire so I remember.

Jack Butala:                         Yeah, we were doing great back then and we were doing great up until, for land, up until about '10, 2010 and then 2011. Then the land market just dropped off, but the house market, that's when we were buying in assets for $20,000 and $30,000, houses, and selling them for 60 and 70.

Jill DeWit:                            Right.

Jack Butala:                         There's never a bad time. It never really crashes, crashes, but there's some scary stuff that happened, Jill, right. It's so much better now is my point.

Jill DeWit:                            It depends on what you own, and portfolio, and all that good stuff, but my only point is look at for a lot of people what's a ... I mean 10 years, wow, and I'm thinking right now going, "Wow, what's going to be happening when I'm saying we're going to 2028," I'm going to say, "Everyone, everyone, everyone."

Jack Butala:                         Oh, my gosh.

Jill DeWit:                            By the way, I wonder what show number we'll be on. Well, it's show 6,042. Jack, Jack, are you with us?

Jack Butala:                         I think there's some British soap operas that are in the 6,000 shows.

Jill DeWit:                            Could you imagine? Dude, are we going to be doing this show 10 years from now?

Jack Butala:                         I hope so. Look at her.

Jill DeWit:                            I haven't even thought about that.

Jack Butala:                         She's like, "Oh, my God. Don't put me through that."

Jill DeWit:                            Wow.

Jack Butala:                         This whole show is my idea. Jill just got-

Jill DeWit:                            We're over two years in.

Jack Butala:                         I dragged you around my marketing ideas.

Jill DeWit:                            I mean we're over two years in and I don't see it going away.

Jack Butala:                         I don't either. The numbers keep going up.

Jill DeWit:                            Let's just face it. Everyone goes, "What do you guys have to talk about?