2019 is Your Year to Create Wealth (LA 885)
Transcript:
Steven Butrala: Steve and Jill here.
Jill DeWit: Hello.
Steven Butrala: Welcome to The Land Academy Show. Entertaining land investment talk, I'm Steven Jack Butrala.
Jill DeWit: And I'm Jill DeWit broadcasting from gorgeous, sunny, Southern California.
Steven Butrala: Today Jill and I talk about how 2019 is your year to create wealth or equity. It is for us.
Jill DeWit: Happy New Year.
Steven Butrala: Fortunately for us it's not unique to 2019, but there's always room for improvement always.
Jill DeWit: It's true.
Steven Butrala: Always room for improvement. Jill and I were talking right before the show. There's two ways to create wealth or equity. In my opinion, they're interchangeable. You can either buy into it, buy something that's immediately worth more, which is what we do. Or you can improve it like think of a television. It's got a bunch of components and when you put them all together, separately, they're worth a couple hundred bucks. When you put them all together, they're worth $500. Or a house, you've got a house you buy for $100,000. You clean it all up, get it up to date. You've created some equity there, you sell it for more. I prefer the first way.
Jill DeWit: I understand.
Steven Butrala: It's faster, and easier, and cheaper. But some people want to make their life difficult.
Jill DeWit: Why are you dancing along the fact that it's New Years?
Steven Butrala: Oh, I forgot. I forgot.
Jill DeWit: Hello? I'm like, Happy New Year and you're like all business.
Steven Butrala: No, I'm the kind of person who forgets my birthday too so that's just how it is.
Jill DeWit: That's right. All business, man.
Steven Butrala: Today's topic, or I'm sorry. Before we get into today's topic, let's take a question posted by one of our members on the landinvestors.com online community. It's free.
Jill DeWit: J. Hewey asks, hey guys, I'm trying to get my first mailer out. I've gone through most of the education material, but I just can't find a county that makes sense. I'm following the three steps, looking at the population maps, good. Choosing counties with rural land. Using county-wise. Though this is very hit and miss, and then trying to find cops. It's the last set that really hangs me up. I'm looking in Texas counties and all the five year income properties I'm seeing are $30,000+. It seems risky to shoot for those to start out. So I started looking at .5 to 1 acre columns and those are closer to the right range, five to $10,000. I feel just like everywhere's much too expensive for a $500 offer, but obviously I'd rather get a bunch of irate calls and a couple of d-holes than a bunch of people dying to sell 'cause I over priced. Thanks very much for any and all wisdom offered.
Steven, take it away.
Steven Butrala: I'm gonna say this out loud. I think the days of $500 property, buying five acres for $500 are pretty much over, and it's not a bad thing. It's a great thing because those $500 properties will usually sell for 15,000, and so you made yourself $1,000. Wouldn't you rather by a $10,000 property and sell it for 30? Those days are all ahead of us. Today's topic is looking into the future and planning your 2019. If you do next year in 2019 or this year, I guess, 10 of those deals I just describe, you're gonna make $200,000. 10 deals. That's less than one a month. You're gonna make $200,000 of property. What's better than that? That's creating wealth.
So these $500 business, while I get it and I talk about it in the first program,