Be Great at One Thing
Jack Butala: Be Great at One Thing. Every Single month we give away a property for free. It's super simple to qualify. Two simple steps. Leave us your feedback for this podcast on iTunes and number two, get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening.
Jack Butala:
This is Steven Jack Butala from Land Academy, welcome to our cash flow from land show. We show you how to buy property for half of what it's worth and resell it the next day. Great information and instruction from Jack, that's me.
Jill DeWit:
And Jill, that's me.
Jack Butala:
In this episode, Jill and I talk about why it's so important to be great at one thing. Jill, great show today, before we start, let's take a question posted by one of our members on success plans.com, our free online community.
Jill DeWit:
Sure. Jay from Denver asks, do you have to wait until the sale is completed between you and the seller before you can turn around and start marketing/selling it elsewhere to another buyer?
Jack Butala:
Once again, that's a great question. If you have a question or you want to be on the show, call 800-725-8816. You want to answer this one Jill?
Jill DeWit:
OK. Sure. Well, let's both answer it. You want to make sure the deal's done, first of all. It needs to be completed. You might have a different answer now that I think about it.
Jack Butala:
I do. I love when we have different answers. That's just how it goes.
Jill DeWit:
Right.
Jack Butala:
That's why we're partners. If we had the same answers every time we wouldn't need each other.
Jill DeWit:
That's true. You know, there's a couple ways you can do this. You can start marketing it all over the place, fairly quickly when you know you have the deal, and you should. In a perfect world, that's the thing that we talked about recently on another show is that I often have things sold before it's ... Right away. I all ready know.
Jack Butala:
That's the whole point I wanted to make.
Jill DeWit:
That's it. Go ahead, Steven, jump in.
Jack Butala:
The answer is no you do not have to wait until the sale is complete. He means, I think, purchase. He means, "Hey, I'm buying a piece of property from Jack over here. The deal's not done yet, but can I start marketing it?" It's not signed and delivered. The whole world says no but, if you know the deal's going to happen and you're talking to this guy and the whole thing's fine, maybe not but the AP in. Market the whole thing, get it all over the website with it's pictures and it's all, just leave the APN out. A, so no one can steal the deal from you and buy from buyer for more and B, you really do want to make sure that the deal's going to happen before you start offering it for sale.
If you leave the APN out, you can just say, "Hey, it just didn't happen." Jill's absolutely right. I'll take it a step further. We typically, almost never buy property these days, because our list is so large. Our seller list, unless we know exactly who's going to buy it and how much they're going to pay. Very often Jill will literally say, there's so much trust that we have established now, that we call some of our A-list guys and say, "We have these three properties coming in, here they are. This is what we're willing to sell them to you for, are you willing to buy them at that?" You get half of what we're purchasing it for, the whole deal's done all in one step.
No, Jay from Denver, I would get in the habit of marketing the property as early as possible. I think that's the whole answer, Jill.
Jill DeWit:
Yeah. Love it.
Jack Butala:
Today's topic is be great at one thing. Somebody told me this a long time ago. You probably, listeners have probably heard this too. Focus on one thing, you don't have to be ... You go to school your whole life and everybody says you got to get A's in everything and I don't buy i...