Return on Investment Analysis per Land Deal (LA 721)

Transcript:

Steven Butala:                   Steve and Jill here.

Jill DeWit:                            Hi.

Steven Butala:                   Welcome to the Land Academy Show. Entertaining land investment talk, we hope. I’m Steven Jack Butala.

Jill DeWit:                            Are you alluding to the show? And I’m Jill DeWit, broadcasting from sunny Southern California.

Steven Butala:                   Today, Jill and I talk about return on investment analysis, per land deal. Jill, could it be anymore-

Jill DeWit:                            What the heck?

Steven Butala:                   … boring for you, today?

Jill DeWit:                            What were you thinking when you came up with this title.

Steven Butala:                   This is stuff that we need to know.

Jill DeWit:                            Wow.

Steven Butala:                   This is stuff that we need to talk about, and that’s why you’re here, to lighten this whole thing up.

Jill DeWit:                            ROI analysis. Oh, this is going to be fun. I’m excited. Do I really have to be here? Can I just go?

Steven Butala:                   We can shorten the show. Here’s the spoiler alert. When you sell land, you double it, you double your money. So, you buy it for four grand, you sell it for eight. That’s 100% ROI … That’s my knob.

Jill DeWit:                            Oh, sorry.

Steven Butala:                   I know. I actually changed it up on you.

Jill DeWit:                            Oh, you did? Okay, thank you.

Steven Butala:                   She just turned it up so loud that I can’t even hear myself talk.

Jill DeWit:                            I am so sorry. Anything’s better than this show … Just kidding.

Steven Butala:                   I’m old and hearing loss has set in, quite honestly.

Jill DeWit:                            I’m sorry.

Steven Butala:                   Spoiler alert, you get 100% return, and we almost … The challenge is to keep it at 100, instead of making it 200, but we’ll talk about that in a minute.

Jill DeWit:                            Cool.

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

Jill DeWit:                            Okay. Jay asks, “I’ve been coming across some counties which are starting to not share the owner name on their assessor, or appraisal, district website for privacy.”

Steven Butala:                   California?

Jill DeWit:                            Hilarious.

Steven Butala:                   I come across the same thing.

Jill DeWit:                            This is awesome. “If this trend continues, will that make getting data, to mail these counties, more difficult in the future?”

Steven Butala:                   No.

Jill DeWit:                            Nope. “Just curious if others are seeing this trend of hiding owner names in other counties, and if there are any consequences for us as land investors? Thanks.”

Steven Butala:                   No. This is a great question, Jay. It’s right up my alley, because as we all know, data’s my thing, and I had the same concern because Kern in San Bernardino, who apparently have the same IT department, or similar people, decided about a year, or two years ago, to stop sharing the name. But, by the way, the law requires that this is public information, but the law doesn’t say make it hard or make it easy.

Jill DeWit:                            Right.