5 Real Estate Results of Covid (LA 1378)
Transcript:
Jack Butala:
Steve and Jill here.
Jill DeWit:
Hello.
Jack Butala:
Happy Friday.
Jill DeWit:
Thank you.
Jack Butala:
Welcome to the Land Academy Show, entertaining-
Jill DeWit:
Was that for me?
Jack Butala:
... land investment talk. I'm Steven Jack Butala.
Jill DeWit:
And I'm Jill DeWit, broadcasting from sunny southern California.
Jack Butala:
Today, Jill and I talk about five real estate results of the COVID.
Jill DeWit:
I have something funny I was just thinking about. Do you know, we just had rain like a week and a half ago. We had gone ... So everyone, I'm sorry if you're not in our state. Brace yourself. We had like 100-
Jack Butala:
Congratulations. You're not in our state. That's what I say.
Jill DeWit:
So thumbs up to that. If you're not in our state, thumbs up. Your taxes rock. But as a side note, I was going to share that we had gone something stupid, like 180 days without any weather, if you can believe that. No rain. It's kind of amazing when you think about like we haven't had ... So what was that March, February? I don't even remember. But it was a pretty flipping long stretch of no rain. So when I say sunny southern California, I kind of mean it. As you can see behind us. Okay. Back to the question. Are we doing our question now?
Jack Butala:
Before we get into it and Jill gets too far into it, let's take a question posted by one of our members on the landinvestors.com online community. It's free.
Jill DeWit:
I hope I pronounce this correctly. I'm saying Amit. Amit wrote, "Hi, all. New to Land Academy and excited to be here. I'm working on my first mailer. The county that I'm working on has some cheap properties and some in a better scenic area that are a little more pricey. What creates an issue for me is to price the offers right."
Jack Butala:
Welcome to Land Academy. Pricing, pricing, pricing.
Jill DeWit:
"I'm afraid if I go by the lowest values of Zillow and LandWatch, et cetera, this will only be applicable to one area of the county, and similar acreage in other areas of the county I probably won't even get a response. Cannot use the subdivision column or zip code since there's a lot of blank spaces, empty. Is there any tools to map APN to specific regions in bulk? Any other thoughts? Or price this better and just go for the lowest and see what happens?" So this is kind of all on your side of the sheet.
Jack Butala:
Amit, I'm happy to inform you that you are going to do fantastically well in this career. You're brand new. You're already looking at a county and the data that's involved in the county. You probably don't even know this about yourself. You're probably frustrated as hell, like I am every single time I sit down. The first 10% of doing a mailer is brutal. The last 10% is like pat yourself on the back. But you're asking all the right questions. You're concerned about the variance in pricing in a given county, and you want to do something about it. And you reached out in Land Investors to the point where it made it on this show, because you care that much, and you're using Land Academy the way that it's intended. So, congratulations. So I'm going to answer your question. There's generally four or five quadrants, I would say in most counties. I love to use Santa Barbara County as an example because it's so different.
Santa Barbara County itself is made up of this mountain area. There's a lot of property there. This core urban area where a lot of people from Los Angeles moved to. So there's a lot of dirt, and houses are extremely expensive. And then there's this desert area up in the Northeast. So my point is there's very different or very separate parts that need to be priced differently. If you open DataTree, and you have a subscription as a member, and you type in some address or some APN that gets you to the county, and then you start searching through the map and you get to a certain altitude, let's call it,