Taking Land Acquisition Orders from a Single Buyer (LA 1658)

Transcript:

Steven Jack Butala:Steve and Jill here.

Jill DeWit:Hello.

Steven Jack 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 the Valley of the Sun.

Steven Jack Butala:Today, Jill and I talk about taking land acquisition orders from a single buyer.

Jill DeWit:Oh my gosh. This is so funny because I think we have different opinions on this. I think, we started to talk about this for just a few seconds before we sat down, and turned everything on and he's like, "Why is this bad?" I'm like, "Where do I start?" So, hold on. I have a lot to say about this.

Steven Jack Butala:I made a career out of taking acquisition orders for commercial property when I started out.

Jill DeWit:And this is a tad different. So I'm going to share that with you. But before we do that, first I want to say, thank you very much, the gift basket on the shelf behind me is from Alex Peak. Did I say [inaudible 00:00:55] or should I say... [Alex Plow 00:00:56]. Thank you very, very much. We got your gift basket, and we super appreciate it. Haven't really cracked into it yet. I thought I just put it on the shelf for today, and then I'm going to crack into it later.

Steven Jack Butala: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. And don't forget to subscribe on the Land Academy YouTube channel and comment on the shows you like.

Jill DeWit:Peter wrote, "anybody have experience incorporating their kids into their planned business. I have two girls, age 13 and nine, who both have demonstrated a lot of interest, which is super exciting to me. I know they are young, but they are both motivated and hardworking. They started a couple of side hustles." They're 13 and nine. This is awesome.

Steven Jack Butala:I did that at that edge too.

Jill DeWit:"Over the last year. And now it looks like they want to edge into the world of land investing. Any thoughts?" I got to say, what was so fun is we had our, our dear Tony in the last career path had his daughter. She's 16, I think?

Steven Jack Butala:15.

Jill DeWit:15, Yeah.

Steven Jack Butala:Probably 16 now.

Jill DeWit:Probably 16. Anyway, his daughter in it with him showing up on the calls, the timing worked out great. She was obviously home for school and jumped in this with dad. And by the way, she dug this up for dad. So I believe this to be true. She, and dad were talking about dad was retiring from one career, looking for a different career and something they could do together and teach her. And she found us and found Land and brought this to her dad. And now they were in career path. So I think it's great.

Steven Jack Butala:We have three children, Jill and I, and two of them do very well.

Jill DeWit:They're in it.

Steven Jack Butala:I've always said to all three kids. "I really love two of you."

Jill DeWit:Exactly. It changes all the time. You know what's so funny, though? Is that they either they don't get it now, they might get it later. So number one, and number three were in the business. Number two, wasn't so interested. We thought now number three could care less. And number one and number two are in it. So we're hoping that number three will someday like it, maybe not. And that's okay, but if they've got an interest, go for it. I love it.

Steven Jack Butala:Here's my real answer to this. Kids need to, all kids, I think, need to have a terrible, terrible job. When they're young, they need to fail and get a boss who's awful and just see the real world and what it's like. And then they'll come back into something like this and really understand that. Maybe appreciate its value. Yeah. Our number three is 18. He's got a terrible restaurant job right now, and they work him to the bone. He gets paid pretty well, but, and it's opening his eyes about what goes on in life,