Tim Flood Shares His Share Land Academy Experience (LA 951)

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

Steven Butala:                   Today, Jill and I talk with Tim Flood, who shares his Land Academy member experience. Tim, how are you?

Tim Flood:                           I'm very well today, thanks. Thanks for having me on.

Jill DeWit:                            I am so happy.

Steven Butala:                   Right. Jill, go ahead.

Jill DeWit:                            I want to just say, the reason why we're here, you're kicking off our new series of having members be on shows. We're gonna try to do it every Wednesday I believe now is our plans. The reason I ask you and I'm not gonna get into too much detail right now, but I'm just gonna say you are so sweet and sharing us a really cool note that you sent us in our Facebook Messenger that I'm sure was just meant to be a private little thank you rah-rah about this deal that you did and, oh my gosh, what just happened, and I'm like, "Oh, wow, okay. We gotta talk about this."

Steven Butala:                   Let's cut to the chase. What's the deal that you did?

Tim Flood:                           Actually, there were two. I hit a couple of home runs this month, but one was a bases loaded grand slam home run.

Jill DeWit:                            Bases loaded grand slam.

Tim Flood:                           Yeah, we knocked it out of the park this month.

Jill DeWit:                            It doesn't get any better than that.

Tim Flood:                           The nice deal was we bought a little five-acre parcel near Tulsa, and we bought that one for 10,000 and we sold it for 50,000.

Jill DeWit:                            Nice.

Tim Flood:                           That's a pretty nice deal, but that wasn't the best deal. We bought a 17-acre parcel that's east of Tulsa and we bought it for 36 plus closing costs, so we were all in at about 38-

Jill DeWit:                            Awesome.

Tim Flood:                           And we didn't even get a chance to market it on Facebook, which is where we do most of our marketing. I had a friend of mine go put a sign up out front and I got calls instantly.

Jill DeWit:                            Wow.

Steven Butala:                   Wow.

Jill DeWit:                            I thought-

Steven Butala:                   A sign!

Jill DeWit:                            A sign.

Tim Flood:                           Yeah, just a sign, a Home Depot For Sale By Owner sign.

Jill DeWit:                            I love it, with like a Sharpie.

Tim Flood:                           Yeah, yeah, yeah, and my number. The phone started ringing instantly.

Jill DeWit:                            Wow [crosstalk 00:02:04]-

Steven Butala:                   Why do you think? Was it the deal? Was it the location? Why do you think it was such a good response?

Jill DeWit:                            Wow.

Tim Flood:                           Yeah, it was exactly the location. One of the things that we do that's a little different from what I think some of the other people are doing, we physically go and drive and look at each and every property that we're gonna buy.

Steven Butala:                   Oh, that's what Joe Hurley does.

Jill DeWit:                            Are you in Tulsa?

Tim Flood:                           No, no, no. I'm in Fort Worth.

Jill DeWit:                            Okay, all right.

Tim Flood:                           It's a four- or five-hour drive or whatever, so it's well worth a couple hundred bucks for a hotel room and a couple of meals out and the gas to get up there to go look around 'caus...