Two Ways to Start a Company

Jack Butala: Two Ways to Start a Company. Every Single month we give away a property for free. It's super simple to qualify. Two simple steps. Leave us your feedback for this podcast on iTunes and number two, get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening.

Jack Butala:                   Jack Butala from Land Academy here. Welcome to our Cash Flow from Land Show. In this episode, Jill and I talk about the 2 ways anyone starts a company from Wall Street to Main Street. Jill, this is a fun and informative topic for me. You start a company by the seat of your pants, but which is the kind of the Main Street way or you start it by the book the Wall Street way. Let's see which one is right for you, listener. Before we do that, as always, let's take a question from a caller.

Jill DeWit:                            Thank you. Jessica from Washington called in and asked, "I have a chance to buy a property really cheap, but I know it gets flooded from the river every year. Should I buy it?"

Jack Butala:                   No.

Jill DeWit:                            No. That's my answer too.

Jack Butala:                   Oh, that's awesome. Let's get on in the topic.

Jill DeWit:                            Exactly, no.

Jack Butala:                   In all seriousness, if property is flawed, for us, we run in the access issue all the time. If property has absolutely no access in any way, I don't care what the price is, we've done shows and blogs on this topic. There's such a thing as you got to pass on it even if it's free. No, Jessica, do not property that you know flat out is flawed. It's only going to come back to get you.

Jill DeWit:                            That's funny that you say that too because there's a few areas in subdivisions that you and I know very, very well that we just don't buy. I feel bad when people call in and I'll say, "Where is it," and I'll say, "It's x, y, z," and I'll go, "Sorry, I can't help you. I'm just not interested. They're like, "Really?" I'm like, "No, I'm sorry."

Jack Butala:                   That's a good point, Jill because a lot of that, a lot of the subdivisions or property areas that we've identified as properties just won't buy for any price. It's because we're just too busy, it's not worth our time. It doesn't mean they're not profitable. We have this thing called DEAL BOARD on successplant.com. For our Pro members, they get to access that and throw deals up, and we throw deals up there. While we don't just say, "No, we're not going to buy it, sorry." We say, "Yeah, we'll just throw it up on the DEAL BOARD and someone's going to call you."

Jill DeWit:                            The bad ones, we don't. We don't give those [passes 00:02:05] on. That's what I'm saying, there are some, "I don't buy every property," that's the point I was trying to make.

Jack Butala:                   That's right.

Jill DeWit:                            The ones that are still good properties, but not what I'm looking for right now, but it's a rocking deal and it is a good property. Oh yeah, we share that with our members, so they can do the deal. That's another point so thank you.

Jack Butala:                   Yeah, that's a very popular question. I can buy some property with no access at all for $30 literally, should I do it? No.

Jill DeWit:                            Why? What do you do with it? No one's going to want it.

Jack Butala:                   I mean you can try it.

Jill DeWit:                            No.

Jack Butala:                   Here me out on this.

Jill DeWit:                            Okay.

Jack Butala:                   You and I know this from experience. It's just more hassle than it's worth. What you're doing is taking up time then on this property to do the maps, and market it and the whole thing, and put it in your system,