Working with Your Spouse (JJ 635 / LA 1494)

Transcript:

Jack Butala:                         Jack and Jill here.

Jill DeWit:                            Hi.

Jack Butala:                         Welcome to the Jack Jill Show, entertaining real estate investment advice. I’m Jack Butala.

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

Jack Butala:                         Today, Jill and I talk about working with your spouse.

Jill DeWit:                            What could be more fun?

Jack Butala:                         This is a topic I feel extremely qualified to discuss.

Jill DeWit:                            Aw.

Jack Butala:                         In public.

Jill DeWit:                            It’s every day.

Jack Butala:                         Unlike most of the topics we talk about.

Jill DeWit:                            There’s a new surprise that just makes me want to do it more.

Jack Butala:                         So, what should the title really be?

Jill DeWit:                            Oh, my gosh.

Jack Butala:                         It should be Working with your Spouse-

Jill DeWit:                            Without Killing Someone.

Jack Butala:                         Working with your Spouse,-

Speaker 3:                           Go ahead.

Jack Butala:                         Without Killing Someone.

Jill DeWit:                            Or, Yourself.

Jack Butala:                         I think that’s how it should be, Work Without Your Spouse.

Jill DeWit:                            Oh.

Jack Butala:                         How did we end up like this? Working together?

Jill DeWit:                            You know why?

Jack Butala:                         What the hell-

Jill DeWit:                            I have a lot to say about this.

Jack Butala:                         We’ll get into it in a minute here.

Jill DeWit:                            Okay.

Jack Butala:                         Before we actually do get into it, let’s take a question posted by one of our members on the jackjill.com online community, it’s free.

Jill DeWit:                            Okay, Rick G. asked, “Hi. I have a seller who will sell a 40 acre property in ___ County, Arizona, for $8,000.00, about eight miles from ___ city. The owner tells me,” he wrote, I’m not doing that on purpose, “roads are good enough to be traverse with a two wheel drive.” This is really good. “Planning to re-sell at $12,000.00, which should be more competitive than when I typically see on Land Watch for this county.”

Aw, and he even included a satellite image of a property on this site. “I’m looking for a money partner to fund this deal, and split the profits 50/50. Here are the sample prices from Land Watch for this county on 40 acre properties,” and he puts $32,000.00, $25,000.00, $24,900.00, $13,000.00, $39.9, $24.4, $29.9 … do you want me to keep going, Jack?

Jack Butala:                         No, it’s $30,000.00. $20,000.00-$30,000.00 comparison values.

Jill DeWit:                            There’s one funky one in there for $13,000.00, so the lowest is $13,000.00-

Jack Butala:                         Which is probably a Land Academy member.

Jill DeWit:                            Right? And, the highest is $37,500.00 thousand dollars.

Jack Butala:                         It might even be us.

Jill DeWit:                            So, this is really, really good. Thank you for doing your homework. We all know he can buy it for $8,000.00. Okay. “Planning on posting this on the Member Deal Board, also, but I’m working with getting it set up. Please let me know if interested.”

Jack Butala:                         I love it.

Jill DeWit:                            Okay.

Jack Butala:                         So, you did every single thing right here. This member did everything right. That’s exactly what we teach. For $8,000.00, and you have it by county, that’s a heck of a deal.