Zoom Cities are the Present and Future (LA 1361)

Transcript:

Steve Jack Butala:

Steve and Jill here.

Jill DeWitt:

Hello.

Steve Jack Butala:

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

Jill DeWitt:

And I'm Jill DeWitt, broadcasting from awesome Park City, Utah.

Steve Jack Butala:

Today Jill and I talk about how Zoom Cities are the present and the future. We'll define what they are, which should be pretty self-explanatory. And why after talking to a lot of people on other people's podcasts, and other real estate professionals, and credible sources, I think it's one of the positive things that's going to come out of this COVID thing.

Jill DeWitt:

I would argue that we're sitting in a Zoom City.

Steve Jack Butala:

I would- that's what this show's about, or to talk about Park City, Utah, and why this might be one of the ultimate Zoom Cities.

Jill DeWitt:

But don't come, you won't like it.

Steve Jack Butala:

You know I haven't gotten that from bartenders and stuff. I even- there's a- you know, in Phoenix, everybody used to say, it's terrible. You know, I got to Phoenix in 1994, in Scottsdale.

Jill DeWitt:

That's like Seattle. Seattle used to be that way. They used to say, everybody used to worry about the weather and they'd- everybody would say, oh, it's not that bad. And then you go, maybe we'll look at this for our retirement location. And then they follow up with, oh, you wouldn't like it.

Steve Jack Butala:

It's exact opposite here.

Jill DeWitt:

Yeah?

Steve Jack Butala:

I haven't heard anyone say [crosstalk 00:01:17] You're from Los Angeles? You should never please don't move here.

Jill DeWitt:

Yeah, right.

Steve Jack Butala:

Not a single person has said that. Have you heard that?

Jill DeWitt:

No, that's true.

Steve 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.

Jill DeWitt:

Joseph wrote, "Hi all, I'm looking at purchasing two properties in a state that starts with an M."

Steve Jack Butala:

I think you can say the name. I think you can say it, yeah.

Jill DeWitt:

I wasn't sure. Okay. Here's what's happened. I've gotten- a couple of times of like I've shared some stuff I'm like, huh? I wish I hadn't shared that. So I'm kind of-

Steve Jack Butala:

Oh really?

Jill DeWitt:

Yeah yeah, seriously. So I was just being cautious. All right, so we'll just say Maine.

Steve Jack Butala:

Well now you got to tell what you shared and regret [crosstalk 00:02:04] What are your regrets? Share with the show.

Jill DeWitt:

Oh and some counties. So, [inaudible 00:02:09] counties. Aw shucks. Anyway, the issue I'm having- but it's like to the planet, I'll share it with our people all day long.

Steve Jack Butala:

I agree.

Jill DeWitt:

That's why we have such a small community.

Steve Jack Butala:

I understand.

Jill DeWitt:

I mean, and that's timeout, truth time. In our community, I'm going to share everything. And I still share like big picture stuff, but some special stuff I'm going to keep for our people. Anyway, okay, so Joseph wrote on to say, "the issue I'm having is both properties have separate addresses, but are listed on the same deed. The two properties were purchased separately at a tax auction in 2009, with separate deeds and then sold to the current owner on one deed." All legit, this is nothing wrong here.

Steve Jack Butala:

So far, so good.

Jill DeWitt:

"I want to split the properties up and sell them separately on two different purchase agreements and deeds. I've heard of this being done before, but I'm unfamiliar with the process. Is this more of a hassle than it's worth or is it simply recording two properties instead of one with the County Recorder? Any advice or guidance given would be greatly appreciated." Would you like to go? Would you like me to go?

Steve Jack Butala:

I mean, I can really simplify this in one or two sentences. What you are purchasing,