What Jack Learned with Arrogant Know-it-all Teenager

Jack Butala: What Jack Learned with Arrogant Know-it-all Teenager. 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 with Jill DeWit.

Jill DeWit:

Hi.

Jack Butala:

Welcome to our show. In this episode Jill and I talk about what I learned, what Jack learned with an arrogant, know-it-all teenager. I actually learned some stuff, try to keep an open mind. Jill, good show today. Let's take a question posted by one of our members on successplan.com, our free online community. Even though I think some of these questions come from Facebook.

Jill DeWit:

They do sometimes, and that's where this one came from. Jim ... It was great the other day, I put out a message, "Hey, what do you guys want to talk about?" Jim had piped in with a couple things, so we're answering some of his questions. This one is, "What about flipping land east of the Mississippi?" Jack.

Jack Butala:

I'm going to answer this question like this. Yes. Yes, it works. It works for every property type. It works for assisted living facilities, it works for buying your next house, buying a vacation piece of property for vacation, for your family, whether you want to throw a tent on an RV, or build a second house. It works for skyscrapers. You have to manage the product a little bit differently, but heck yes. We have many, many members using it in all different ways. What ends up happening is you use the data differently. If you want to flip land, east of the Mississippi, I don't, and we do it all the time, we don't send offers out for a hundred dollars an acre like we do usually west of the Mississippi or even less sometimes. Jill negotiates it up or down from there, depending on what happens.

In our program we talk about purchasing vacation lots, is what we refer to them around the office, in Northern Michigan, because they just sell overnight. We have it all plotted out, but if you take a look at the mapping function, in data to doorstep, and choose where you want to buy properties, it's more of a rifle approach than a shotgun approach. Yes, heck yes, it works.

Jill DeWit:

I think I was just saying I think that Jim's listened to us for a while and he knows that we target west of the Mississippi. I think he's wondering, "Is there a reason behind that, Jack, or is that just personal preference for you?"

Jack Butala:

Well, we live here.

Jill DeWit:

I guess the answer is, it's kind of a personal preference, Jim. There's not like there's a hard and fast reason why we did that, that's just us.

Jack Butala:

For land that comes back to those four A's, we got to talk about it. We hadn't talked about it recently, but we decide on whether or not we're going to buy property on the four A's. They are acreage, more is better. Access, it really needs to have some type of access, whether it's physical, legal, and hopefully both. Affordability, so cheaper is better in all cases, and attribute, which is, "Can I see the Grand Canyon? Does it have a mountain view? Great for tiny houses, tall pine trees. Any type of attribute that you can put in the headline of the description when you go to sell it. It's got water views. Michigan's great for that, and Minnesota, states like that, because there's water involved everywhere. It comes down to those four A's.

Jill DeWit:

Got it. Yeah, good question, Jim. Thank you.

Jack Butala:

Hey, if you have a question and you want to be on the show, call 800-725-8816. Today's topic, What Jack learned from an arrogant, know-it-all teenager. I had to move some boxes around. If you listen to the show, pretty consistently, we had to move our offices because we outgrew it.