5 Ways to Seriously Increase Your Land Value (LA 1768)
Transcript:
Steven Jack But...: Steve and Jill here.
Jill DeWit: Hello.
Steven Jack But...: Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala.
Jill DeWit: And I'm Jill DeWit, broadcasting from the Valley of the Sun.
Steven Jack But...: Today, Jill and I talk about five ways to seriously increase land value.
Jill DeWit: This will be cool.
Steven Jack But...: I say this with confidence - they are not what you think.
Jill DeWit: This is you bought it, you own it, and now, because you bought it right, you already are going to make money anyway. Because if you do what we tell you to do, what we show you to do, and follow us, you're going to make money anyway. But there's things you could do to make even more money and increase not only your sales, I think, but also the speed in which you sell things. I love this. This is all you.
Steven Jack But...: Why are we here? We're here to make money on land. We're here to create a healthy spread between acquisition price and sales price, so these are ways that you can seriously increase that value.
Jill DeWit: Before we get into this, I have a pet peeve that I just wanted to share with the planet.
Steven Jack But...: Did I snore or something like that?
Jill DeWit: No, it's not you.
Steven Jack But...: First time ever it's not me.
Jill DeWit: That's hilarious. There's times it's you, but there's a healthy time that it's not you, so don't say that. This is pertinent because you either are like us or probably want to do this to have your own company.
Steven Jack But...: Or you're disgusted by us, and if that's the case, which I understand, this might not be the show for you.
Jill DeWit: My pet peeve is about people who shoot from the hip, and they say, "Oh yeah, I know how to do that," and they had never done it before in their life.
Steven Jack But...: Do you have an example?
Jill DeWit: Yeah. Here's my example - we're having pool work done, which involved draining our pool. The worker showed up there hooking up the stuff, and he's like, "Well, I'm going to leave now," and I'm like, "Why am I hearing gurgling?" I'm literally standing in my entryway, hearing like a ghost gurgling throughout my home, and I'm like, "That can't be right." We're walking around the house, and he immediately says, "Unplug the pump. We got to unplug the pump," and I'm like, "Yeah."
Anyway, now it's unfolded. And I stood there in my driveway before we started the process, asked a couple questions about his experience. He's explaining something, I'm like, "Sounds like you really know what you're doing. Make me feel better, you've probably done this..."
He was like, "Oh yeah, I've done a hundred of these," just like this. I'm like, "Oh, good. Okay." No, apparently not. A, I don't know why people do that, that's a whole separate show, and B, don't do this in your own business.
Steven Jack But...: That's the takeaway here.
Jill DeWit: I tell people when you answer the phone is you're getting to learn about properties. Don't pretend you know. Be honest and say, "You know what? Excellent question. I'm not sure what's possible with this. I'll get to the bottom of it," or, "Here's who you call." Either I'll call the county and find out, or, "Here's the number to the county and here's who you ask, and they'll be able to tell you and answer all your questions."
Steven Jack But...: That's why we have tools like Discord and Land Investors and all that.
Jill DeWit: And the show, to help you with this stuff.
Steven Jack But...: 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, and I hope you know by now that Jill and I instruct a handful of new and existing Land Academy members in a live class called Career Path. If buying and selling land is your career or you want it to be, shoot us an email at support@landacademy.