Value is in the Land Not the House (LA 842)

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

Steven Butala:                   Today, Jill and I talk about the values in the land, not in the house.

Jill DeWit:                            Boy, are we qualified to talk about this.

Steven Butala:                   We really are.

Jill DeWit:                            Thank you.

Steven Butala:                   All this week, is cliches that are true in real estate week. And, you know, everybody's, if they really, truly answered this question. You're staring at a real estate agent, wondering why this piece of property is twice as much as all the other pieces of property around it.

Jill DeWit:                            Right.

Steven Butala:                   And they have these cute little sayings. Most of 'em are malarkey, but this week we're talking about five of them that I think actually have some merit. So, you're standing there looking at a house, it's pretty much falling down, it's twice as much as all the rest of the houses around there, and you say, "What the heck." Oh, he says, "The value's in the land, not in the house."

Jill DeWit:                            Yep.

Steven Butala:                   And that actually is true. And we'll talk about it, all the details why in a few minutes here. 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 as you're listening to us please drop your questions in the comment section below.

Jill DeWit:                            Andy asks, "I just signed up for a free trial of Data Tree. The salesman ran through a demo and I like what I see. I think Steven has mentioned it will be included with House Academy. Just wondering if it will be included in Land Academy 2.0? If not, will there be a way to subscribe with a group discount? Thanks."

Steven Butala:                   That's a question for Jill.

Jill DeWit:                            I'm still working out the details, thanks.

Steven Butala:                   The answer's yes to both.

Jill DeWit:                            Hold, not so fast. Can I, House point O yes, but 2.0?

Steven Butala:                   House point 0?

Jill DeWit:                            House point 0?

Steven Butala:                   Like [inaudible 00:01:50] point 0.

Jill DeWit:                            House Academy yes, 2.0 automatically no. Am I working out something? Yes. So, is it coming right now? No. Is it valuable? Yes. Is it cheap? No. You like this?

Steven Butala:                   Yeah, I do actually.

Jill DeWit:                            So, are we licensed providers? Yes. So ...

Steven Butala:                   Do we love Data Tree heck yes.

Jill DeWit:                            Yes. Does it change what you're doing right now for land? No.

Steven Butala:                   Yeah, that's the real value is for houses.

Jill DeWit:                            You still have what you need to do what you're doing. So, but would you like to just have all everything possible? Heck yeah and it's why I'm working on that. So, give me a little bit of time. Like I said we are licensed providers so a version of it is coming. I just don't, I haven't, iced it all out yet.