Spend Your Time on This, Not This (CFFL 501)

Transcript:

Jack Butala:                        Jack Butela and Jill DeWit.

Jill DeWit:                            Hi.

Jack Butala:                         Welcome to our show today. In this episode Jill and I talk about spend your time on this, not this. Before we get into it let's take a question posted by one of our members on the landinvestors.com online community. It's free.

Jill DeWit:                            That topic just sounds really funny 'cause you have to explain where you got it here in a minute.

Jack Butala:                         Okay.

Jill DeWit:                            Okay. Savannah asked, "I found a couple of counties with giant parcels of land, like 300 to 600 acres and I looked into splitting them up. I found an article on another online community, which made it seem like I'd need to build roads for access and add utilities."

Jack Butala:                         Hey, Savannah.

Jill DeWit:                            This is really good. I got to say something funny about Savannah too. "Is this everyone's experience with parcel splitting or might there be a cheaper way?" Okay.

Jack Butala:                         Oh, there's a cheaper way.

Jill DeWit:                            Okay. First, before we address the question I want to say one thing 'cause I'm not sure ... Do you know who Savannah is?

Jack Butala:                         No, I don't.

Jill DeWit:                            Savannah happens to be the wife of one of our members who is doing so well she's all in and now she's asking the questions. Seriously.

Jack Butala:                         That's awesome.

Jill DeWit:                            This is clearly a family business now and they are doing fantastic.

Jack Butala:                         Hey, which one's smarter, Savannah or the husband?

Jill DeWit:                            We've had him ...

Jack Butala:                         And it's funny that we don't know his name.

Jill DeWit:                            Oh, I do.

Jack Butala:                         Oh, okay.

Jill DeWit:                            You don't know who it is?

Jack Butala:                         Just like everyone knows Jill, but who is that guy with Jill?

Jill DeWit:                            Oh, his first name starts with the letter 'M.'

Jack Butala:                         Oh, okay.

Jill DeWit:                            Okay.

Jack Butala:                         You really can't say it?

Jill DeWit:                            Michele.

Jack Butala:                         Oh, oh! Oh, this is Michele's wife?

Jill DeWit:                            Yeah, see. I know that. See, right now you're thinking, "Wow look at what they're doing now."

Jack Butala:                         That's impressive 'cause I know ...

Jill DeWit:                            Right.

Jack Butala:                         I talk to Michele once in a while.

Jill DeWit:                            I know.

Jack Butala:                         They're killing it.

Jill DeWit:                            That's what I'm saying. You want to answer the question now?

Jack Butala:                         Yes. With parcel splitting ... By the way we just got parcelsplit.com, which is going to explain all this at some point and make it easy for everybody. There's two ways to subdivide property. The way that she's referring to where you put roads in and you get a survey and you develop the property, you get it set up to develop it, whether you're gonna develop a strip mall, apartment building, a big massive planned community like Del Webb does out West and in Chicago ... that's the subdivision way. There's also the parcel split way and the reason that the roots of parcel splitting in this country have to do with farm land and let's say you marry your last daughter off and you give each of the kids ...