Removing Risk from Your REI Career (ReAir CFFL 0207)

Transcript:

Jack Butala:                         Jack Butala for Land Academy. Welcome to our Cash Flow From Land show. In this episode, Jill and I talk about removing risk from your REI career. Great show today, Jill. Before we start, let's hear some funny stuff.

Jill DeWit:                            It's interesting that I am still surprised by the things that come out of your blog sometimes, Jack. What were you checking for titles today?

Jack Butala:                         What?

Jill DeWit:                            I'm not sure those will pass the ...

Jack Butala:                         My gosh.

Jill DeWit:                            Who's in charge of when you write a blog and you title ... Is there an FCC? Who's in charge of that kind of thing? I happen to,

Jack Butala:                         You mean the boredom-

Jill DeWit:                            ... catch you.

Jack Butala:                         The boredom factor?

Jill DeWit:                            No, no, no, no. I caught the ... I was lucky enough to sit in on your marketing meeting today. You guys are running through some title checker thing which I thought was really cool. I was just a little surprised by how far south you two took it looking for titles is what I'm trying to say.

Jack Butala:                         What did you hear?

Jill DeWit:                            I heard things like strippers. I heard things like how horrible it is to be Italian.

Jack Butala:                         It's not horrible to be Italian. It's great to be Italian.

Jill DeWit:                            No, wait. Not horrible, but what was the word? Shucks, I forgot what the terminology was.

Jack Butala:                         Italian people, at times, communicate through yelling. I'm softening it for the show.

Jill DeWit:                            You were working on something like a blog title and print titles. That's what I caught. I was just like ... I can't believe I'm still surprised by what you guys come up with.

Jack Butala:                         I'm having trouble being Italian. That was one of them.

Jill DeWit:                            There you go. It was really funny. All good.

Jack Butala:                         Yeah, that is some funny stuff that we heard today.

Jill DeWit:                            Yes.

Jack Butala:                         Boy, if I knew that was the topic, I would have some [insane 00:01:40] one-liners. Anyway, let's take a question-

Jill DeWit:                            That's why you don't know what's coming until I get to say that.

Jack Butala:                         Let's take a question posted by one of our members on successplant.com, our free online community.

Jill DeWit:                            Okay. Kyle says, "I'm just getting started in pulling my first list from Agent Pro. For property type, do I select agricultural/rural or residential vacant land?" Do you want to back up?

Jack Butala:                         Can you take a crack at answering that?

Jill DeWit:                            Well, I would like to back up and ask, if you would, Jack, explain what he's trying to do here for people that might be just joining in.

Jack Butala:                         Yeah. There's lots of places to go get data. Most of them are ... Well, some of them are very credible. What you want to make sure about any data that you pull is a couple of things. One that it's fresh because properties get bought and sold all the time. If you have a database or a list ... If you're not accessing a database, chances are you have a list. A list can be old. It could be 20 years old, two years old, one year old. We don't know. It could be from yesterday. You want fresh data. The best way to do that is to access the database.

Jack Butala:                         Number two, you want that database for all product types, not just land,