Fictional Real Estate Passive Income (LA 1008)
Transcript:
Steven Butala: Steve and Jill here.
Jill DeWit: Happy Friday!
Steven Butala: Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala.
Jill DeWit: And I'm Jill DeWit. Broadcasting from Sunny Southern California.
Steven Butala: Today Jill and I talk about fictional real estate passive income. "What the hell is that, Steve?"
Jill DeWit: I know, I'm kind of curious myself.
Steven Butala: When's anything in your life ever worked out the way you wanted it to with you being passive about it?
Jill DeWit: That's what you're talking about.
Steven Butala: I'll tell you what's going to happen if your real passive in your marriage ...
Jill DeWit: Passive ...
Steven Butala: How about raising kids? No, no, I just ... Well ...
Jill DeWit: We know those people.
Steven Butala: Well, those kids will figure it out on their own.
Jill DeWit: We know those people!
Steven Butala: I know.
Jill DeWit: I want to be those people, man. I'd like to be a passive parent.
Steven Butala: How about school?
Jill DeWit: I want to be the passive parent of the year. I want to get a shirt that says that ...
Steven Butala: How about school? You just sit in the back, chill out, handing in your homework once in a while ...
Jill DeWit: Yeah.
Steven Butala: No ... You can't just do that.
Jill DeWit: It sure sounds good, though. A lot less work.
Steven Butala: This word passive ... This word passive is very ... Well, there's probably some places on the planet that it's appropriate to be passive, like if you're a monk, let's say. But outside of that-
Jill DeWit: You can't be a passive monk. Well how can you be a passive monk like, "I'm only going to talk when I feel like it?"
Steven Butala: Yeah you're right.
Jill DeWit: You can't be a passive monk even.
Steven Butala: You're right. [crosstalk 00:01:24].
Jill DeWit: You've still got to commit to that.
Steven Butala: So, it's official, there's no reason to be passive about anything.
Jill DeWit: Yeah.
Steven Butala: Before we get into the show, even further than that, let's take a question posted by one of our members on the LandInvestors.com online community. It's free.
Jill DeWit: Brandon asks, "Has anyone sent a bunch of micro-mailers in one mailer? How do you go through the data? I'm finding a bunch of small subdivisions that need to be priced differently than the next subdivision over. Each little subdivision in our area has about 400 mailers. So not enough to send on it's own. And it would take way too much time to do one for each area."
Steven Butala: Ding ding.
Jill DeWit: "Is there an easy way to do this? Do I just need to pull the data for each little area and put it into a spreadsheet and then keep adding an area to the list, and then price it all accordingly, and then send out one big mailer? It's the consistency that's killing me. In some areas, one acre is selling for $10,000. And then one hill over, one acre is selling for $50,000. So I don't want to price them all the same."
Steven Butala: This is a PhD, or possibly a Master's Degree level question about offer campaigns and manipulating data so as to send offer...