We Review About Twenty Properties for Every One Property We Buy (LA 1840)

Transcript:

Steven Jack Butala:

Steve and 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 DeWit, broadcasting from the valley of the sun.

Steven Jack Butala:

Today Jill and I talk about how we review about 20 properties for every one or two properties that we actually buy. This is pretty important. This isn't going to be the longest episode, but if you're one of those people who are like, "Geez, I really wish they would just get to the point and stop horsing around," This is that episode.

Jill K DeWit:

I love it. Let me start with this, too, by the way. I would love to say today is the last day, so you know of the awesome, awesome biggest so far in 2022 savings to join Land Academy. And not only have I got a nice chunk off, it's $1,250 off, check it out, but also, joining through midnight tonight, you also get to be... not only the savings, you are put into a drawing for a 10 acre property in Oklahoma. The details are on our website. So go to landacademy.com. And by the way, if you have any questions, always just send a note to [email protected] and my team will get back to you.

Steven Jack Butala:

Before we get into the topic, let's take a question posted by one of our members on the landinvestors.com online community. It's free.

Jill K DeWit:

Shannon wrote, "So how do we handle buying land from disgruntled family members who just want to get away from the family who owns everything surrounding it?" That's hilarious. I feel like I'm in an episode of Bloodline. Somebody wrote that?

Steven Jack Butala:

Mm-hmm.

Jill K DeWit:

Oh, okay. Got that.

Steven Jack Butala:

It's left over from...

Jill K DeWit:

Okay. Okay. So... That's kind of funny. I wouldn't care. Here's the thing, if there's no access and they're going to withhold access, that's the only problem I would see.

Steven Jack Butala:

This leads directly into what this topic is today.

Jill K DeWit:

Well, wait, wait, wait, wait, wait. Let me back... Can I finish the sentence?

Steven Jack Butala:

Sure.

Jill K DeWit:

Finish my thought here. So, properties surrounded by the whatevers and they just want to get out of it. If there's, which there can be... there has to be at some point access most... pretty much everywhere, you can't withhold access, right? They think they can, but they can't. But the whole point of this is, sure they hate the family members and they want to get away from them, but you know what? The new person coming in doesn't have that animosity with the family members. It doesn't mean that it's going to be a bad situation. So I honestly don't have a problem with this. I don't see a problem with this.

Steven Jack Butala:

So how does this come about? Actually, this is very common, not this problem, but to see multiple family members living in one area where the root of that is agricultural property and municipalities... Municipalities have always been in favor of taking a large piece of property and minor splitting it or splitting chunks off and giving it to the kids, let's say, so it-

Jill K DeWit:

Mom and dad might have set out to do that.

Steven Jack Butala:

Farmers have been doing it since farming's began. I'm going to give the back 40 to my daughter, I'm going to give this 40 acre over here to my son, they're both married to other people, they're going to farm it and we're going to be over here if they need us. And so what ends up happening is they get letters from us and everybody else in our group and sometimes it's, you know.

Jill K DeWit:

And you know what I would do, too, I'd be reaching out to the other family members at the same time, by the way, as you're buying it and you're an escrow, "Hey, do you want to sell too? I'm buying Bobby Joe's, do you, Sally Sue, want to sell yours too?"

Steven Jack Butala: