Relationships (LA 869)

Transcript:

Steven Butala:                   Steve and Jill here.

Jill DeWit:                            Hello.

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

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

Steven Butala:                   It's not real sunny today.

Jill DeWit:                            No it's not.

Steven Butala:                   Today jill and I talk about relationships. So. And you might think it's just all about ...

Jill DeWit:                            Doctor-

Steven Butala:                   You might think that this is a great therapy session.

Jill DeWit:                            ... this is not a Dr. Laura show.

Steven Butala:                   It's not. It's ... we are and continue to develop relationships with our membership group, certain people in our membership group, and it's working out great.

Jill DeWit:                            That's not what I thought that this was about at all. So this will be good.

Steven Butala:                   What'd you think it was going to be about?

Jill DeWit:                            Well, I'll tell you when we get into it.

Steven Butala:                   Before we get into the show, let's take a question posted by one of our members on the landinvestors.com online community. It's free.

Jill DeWit:                            Carly asks what are some common ways you all partner on deals? The only one I've heard of is that I have the deal and do all the work and then the partner puts up all the money. And then we split the profit 50, 50. That way is fine. I was just thinking about a letter I just got back and figured I'd see what the experts were doing before I reached out to anyone.

Steven Butala:                   That's exactly right. I couldn't have said it better myself. That type of relationship ties right into what we're talking about. Has been going on since there was money, you know, three's sweat equity-

Jill DeWit:                            Since the beginning of time or money?

Steven Butala:                   Since the beginning of money.

Jill DeWit:                            Okay. Since the beginning of money, it's true.

Steven Butala:                   People have made, literally made, fortunes without a dollar of their own money.

Jill DeWit:                            Yeah.

Steven Butala:                   And rich people have made bigger fortunes than they already have without doing any work.

Jill DeWit:                            Yeah.

Steven Butala:                   So this is not a new concept that I came up with. This is something that has just been going on forever. We are on both ends of that all the time. We are the money providers and we are also, for really large, really expensive SFR transactions and movie star ranches, we pull in partners. And we, knock on wood, we have ... Everybody's been happy as heck for ... We've been doing this for years.

So if you need financing, we're going to call it financing, go to landinvestors.com and there's a form. Right at the ... There's on that top menu item that says get funded, or something like that. And fill out the form and if it's ... It's gotta be a good deal. It all hinges on two things.

Jill DeWit:                            That's true.

Steven Butala:                   Like we don't check credit or any of that silly stuff, that's for the banks and for the birds. The deal has to be fantastic. Because that's why we're all here.

Jill DeWit:                            Right.

Steven Butala:                   And you have to be fantastic. If you're not fantastic and you have a terrible deal, you're going to get rejected.

Jill DeWit:                            Or you have a terrible deal but you are fantastic.