Real Expense to your Business Overhead (LA 724)

Transcript:

Steven Butala:                   Steve and Jill, here.

Jill DeWit:                            Hi.

Steven Butala:                   Welcome to the Land Academy Show. It’s velocity of money week, here. Entertaining land investment talk, we hope. I’m Steven Jack Butala.

Jill DeWit:                            And I’m Jill DeWit, broadcasting from beautiful, sunny Southern California.

Steven Butala:                   Today, Jill and I talk about the real actual expenses to your business overhead. It’s going to get a little money driven today, here, and that’s okay. I like it.

Jill DeWit:                            It’s velocity of money week. Welcome to Land Academy.

Steven Butala:                   Jill’s all set up to do her regular show during this whole show, I’m just going to sit here and talk.

Jill DeWit:                            What do you mean? Oh, wait, wait. I’m gonna talk about my day to day stuff?

Steven Butala:                   She’s got her email. Yeah, no, no-

Jill DeWit:                            Oh.

Steven Butala:                   I think you’re gonna clear out your email.

Jill DeWit:                            Oh.

Steven Butala:                   She’s just gonna work

Jill DeWit:                            I’m gonna work on the grocery list?

Steven Butala:                   Yeah.

Jill DeWit:                            Oh, yeah that’s exactly

Steven Butala:                   Like real life stuff, not show stuff.

Jill DeWit:                            Oh that’s exactly what’s gonna happen.

Steven Butala:                   Before we get into it lets make a question, post about one of our members on the landacademy.com online community, its free.

Jill DeWit:                            Okay, I’ll take a break from my other job here for a minute and I’ll help with this question.

Steven Butala:                   Alright, I know you’re answering that email.

Jill DeWit:                            Thank you. Elis asked “Hello, I’m a serious newbie to land investing so bear with me, I have a highly motivated seller who’s leveled motivation makes passing on this deal extremely difficult.”

Steven Butala:                   I bear with me, how do you spell bear with me? Like bear like are in the woods?

Jill DeWit:                            I..I think its like this, I think its like this

Steven Butala:                   Bare like bottom? I do to. Like in the woods.

Jill DeWit:                            Okay can I answer the question now?

Steven Butala:                   Sorry, Yeah.

Jill DeWit:                            Do you want to critique anything else here? Do you wanna-

Steven Butala:                   I’m great at math but at spelling, no.

Jill DeWit:                            Okay.

Steven Butala:                   Not so much there.

Jill DeWit:                            Got it. Alright so-

Steven Butala:                   I already forgot what the right answer.

Jill DeWit:                            I know I can help you here. Okay so lot size is 1.25, one and a quarter acres. Its out in the Texas country side, the lot shape is long and skinny. These are hilarious ones. Eighty three feet of road frontage and six hundred feet deep. That’s hilarious. There’s enough room for a manufacture / modular home. On the other hand it appears from the county website that there mare be some encroachment on the slot from the house on the left. Bear in mind I don’t have a survey and I’d rather not pay for one. Few questions, will an encroachment hinder me from selling to an manufac...