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Extraordinary Deal Funding Volume (LA 1710)
Transcript:
Steven Jack Butala:Steve and Jill here.
Jill K DeWit:Hi.
Steven Jack Butala:Welcome to The House Academy Show, entertaining real estate investment talk. I'm Steven Jack Butala.
Jill K DeWit:And I'm Jill DeWit, broadcasting from the Valley of the Sun.
Steven Jack Butala:Today, Jill and I talk about the extraordinary deal funding volume we're experiencing.
Jill K DeWit:It's so good.
Steven Jack Butala:I, for years and years said, "We've created Land Academy and House Academy to create business partners for ourselves." Well, it's happening.
Jill K DeWit:Well, you know what's so funny? We didn't plan for everybody... The way it worked and doing deals together and having more money and helping people with our money was, we thought about, but the fact that other people are helping other people with their own money, I never thought about.
Steven Jack Butala:This is one big legal syndication that we have going on here. I've never said a sentence like this in my life and never thought it was possible. Jill and I could get anything funded, any deal of any size. If we believed in the real estate deal and sent out mega crazy mailers, which we're doing this year, and we will run out of money at some point that we've allocated to buy land, we'll very easily get funding on the rest. And that goes for you too.
Steven Jack Butala:As a Land Academy member, you have access to tens of millions of dollars or more if the deal's good. I'm really proud of that. It's a serious accomplishment. It was one of the things that I tried to set out to do with this right from the beginning. Before we get into it, let's take a question posted by one of our members on landinvestors.com online community. It's free. And don't forget to subscribe on the Land Academy YouTube channel and comment on the shows you like.
Jill K DeWit:Erin wrote, "Anyone have a suggestion for this one? I need a mailbox to get back offers, but I'm not sure what to do since I may move in the next six months from the West coast to the East coast. If I set up one on the West coast, then I guess I could forward the mail to the East coast, but it seems very inefficient and would create a lag in responding to potential deals. Any ideas on how to better do this? Piggybacking on my last question, how about a phone number? Should I try and get a local area code number for Texas, let's say if I'm after Texas land, if no one cares what area they're calling back as long as you have the money?" I'll read this one response. Is it one response in here?
Steven Jack Butala:Yeah.
Jill K DeWit:Okay.
Steven Jack Butala:Just one.
Jill K DeWit:And then I'll add to it. Member Leonard already wrote in to help Erin here, and it says, "Hi. What I typically do is keep the phone number to the same area as my mailing address. We have used local area numbers and I don't think it makes a considerable difference. It does help if you're calling local realtors to have a local number. Don't overcomplicate it for yourself. We use," this is what I was thinking anyway, "www.virtualpostmail.com, and they email us a scanned copy of any letter." This is the best. That's what I was going to say. "Our phone system is open phone and it's $10 per number per month. Keep your business address forever." There you go.
Steven Jack Butala:This response is-
Jill K DeWit:Perfect.
Steven Jack Butala:- from a father and son team in Ireland.
Jill K DeWit:Yeah. [crosstalk 00:03:16].
Steven Jack Butala:If anybody has figured this out, it's somebody from a different country and got a time zone that's what, seven or eight hours different?
Jill K DeWit:Yep. There you go. I can't do it any better, but I was going to mention, thank you, Leonard, for putting in there the name of the company. I couldn't think of the name of the one, but I knew they existed, where you have a physical mailing address where your mail will go. They open it, they scan it,