Using Real Estate News to Forecast Your Land Investing Choices in 2022 (LA 1748)

Transcript:

Steven Jack Butala:

Steven Jill here.

Jill K DeWit:

Hello.

Steven Jack Butala:

Welcome to the Land Academy show entertaining land, investment talk. I'm Steven Jack Butala.

Jill K DeWit:

And I'm Jill Dewitt broadcasting from the valley of the sun.

Steven Jack Butala:

Today Jill and I talk about using real estate news to forecast your land investing choices.

Jill K DeWit:

Okay. This, I like this because, and I'm glad we're talking about this because we all are reading "oh my gosh, it's slowing down. Interest rates are 5%. We haven't seen that since 2000 and whatever", everybody's panicking now it's going to be changing. What do we do? What do we do? And so everybody there's always a fire somehow. Happy to talk about it. And I want to talk about too, what pieces of that do we pick out and use for our purposes? And when do we just go, well, whatever,

Steven Jack Butala:

I don't care who you are or where you come from. If you don't agree with this statement, something's wrong. The news is a mess.

Jill K DeWit:

Oh gosh.

Steven Jack Butala:

I don't care.

Jill K DeWit:

They like it that way.

Steven Jack Butala:

I don't care. Yeah. It's all shock value. I don't care where you come from. Right, left, up down doesn't matter. We have now more than ever, I tell our kids this all the time, you kids have a massive responsibility in your generation to cipher through all the gunk that's out there. Way more than, and Joe and I ever had to. We had three or four television stations, a bunch of radio stations and old school parents telling us and just it's we didn't have any choices and I'm not saying that's good or bad. I'm just saying it's a lot harder now.

Jill K DeWit:

Do you think we're swinging back, I do.

Steven Jack Butala:

I hope so.

Jill K DeWit:

I think we're swinging back where everybody was someone of their phones and this and that, no one communicated. And now I honestly think that there's a little bit of a pushback and swinging back a little bit where I'm going to pick up the phone or I'm going to get on my bike.

Steven Jack Butala:

Look, there's some really...

Jill K DeWit:

I'm going to get on my bike and ride over to see and see who's home.

Steven Jack Butala:

I'm a lot to say about this and it is very, in my opinion, very easily decipherable. And it's real easy to find the good real truth in news and statistics and economics and all of that really easily. And I'll talk all about it here in a few, few minutes, every single week on Thursday at two o'clock Pacific time, we have a map closed membership call for land academy members. There's several hundred people on there every week. And I start the call off by talking about exactly what we're going to talk about today, right? Hey, let's look at the market and is it good for us or bad for us or what's coming? The good news is that if you pay attention, if I don't know, four or five things she'll talk about, you can see into the future. It's not like the stock market.

Jill K DeWit:

That's true.

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 I hope you know that Jill and I personally instruct a handful of new and existing land academy members in a live class called Career Path. If buying and selling your land is your career, or you want it to be give us a call or actually email us at [email protected] and find out if it's for you.

Jill K DeWit:

Dave wrote, is anyone out there having their deal funders ask them to assign the contract to them. The funder prior to closing on the buy side, one of my funders I've done multiple deals with is asking for this now. I like this person and trust them as much as you could trust someone you haven't met, but it makes me nervous signing over all legal interest in this property with only a TIC agreement,