Daily Routines and Strategies for All (CFFL 552)
Transcript:
Jack Butala: Jack Butala with Jill DeWit.
Jill DeWit: Hi.
Jack Butala: Welcome to our show today. In this episode, Jill and I talk about the daily routines and strategies that are going to make you successful in everything, not just land investing.
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 DeWit: Okay. Luke H. asks, "I bought eight properties and I have signed purchase agreements with 10 more from sellers calling every day."
Jack Butala: You can't make this stuff up.
Jill DeWit: I love this. "I'm starting to run out of money." I love that.
Jack Butala: Been there.
Jill DeWit: Yep. "From the research I've done, doing deals without money requires one of the following: One, buying on an option. From what I understand, the only way to do this with zero dollars is to find a company that will do a dual closing. I've been unsuccessful in doing this so far, but I'm still working on it. Number two-"
Jack Butala: We will solve that problem for you within 60 days.
Jill DeWit: Yep.
Jack Butala: Called Title Mind.
Jill DeWit: Yep. Number two-
Jack Butala: We'd be happy to do your dual closing for you.
Jill DeWit: Number two ... It's like a class.
Jack Butala: Mom has spoken.
Jill DeWit: Geez, Jack. You in the back, sit down please. I appreciate the comments, but save them for recess. All right. Where were we?
Number two ... Does anyone else has a smart ass comment there?
Jack Butala: You've got to stop swearing on the show, Jill. You can't swear.
Jill DeWit: Sorry, sorry.
Jack Butala: I'm serious.
Jill DeWit: Is that bad?
Jack Butala: Yeah. We have a G rating, and iTunes, the whole thing happens.
Jill DeWit: I didn't know that that was bad.
Jack Butala: Yeah.
Jill DeWit: Okay, sorry. Anyway, "Number two, assigning the contract. All the offers I send out have a clause in them allowing me to assign the contract, but I have not taken advantage of this yet. Can I advertise a property for sale with the intent of assigning a contract I have on it without yet owning it?"
Jack Butala: Yes.
Jill DeWit: "Number three, finding an investor. Jack and Jill as well as other land investors talk about doing deals together. Does this entail some kind of written agreement? Is it typically one person doing the work and the other person putting the money down? And which of these three do you recommend? Are there any other options I'm unaware of?"
Jack Butala: No, this is incredibly well written, Luke Harris. The level of intelligence that our group members have just is shocking, Jill, to me. Number three's my favorite.
Jill DeWit: Why does that surprise you?
Jack Butala: I just think we have a real ... my point is in a real positive way. We have a way, for some reason, of attracting really intelligent people to be members of our group. I'm proud of us.
Jill DeWit: That's very true.
Jack Butala: Number three is my favorite, finding an investor. LandCrowdFund.com will be live here within days. In fact, by the time this airs,