Finance Friday with Steven Butala and Justin Sliva (LA 883)
Transcript:
Steven Butala: Steve an Justin here, welcome to the Land Academy show, Entertaining Land Investment talk. I'm Steven Jack Butala with Justin Sliva. Broadcasting from Southern California in Dallas Fort Worth. Today Justin and I talk about the deals we've been working on this week.
So, you just said in the earlier show, Justin, that you were on the phone six hours a day?
Justin Sliva: Yeah, it's been crazy. People just getting a hold of, trying to look at deals, trying to get ready for the next mailer. What we're looking for and everything's been pretty positive, the feedback and everything. We closed on some deals this week where people got paid. Got some funding back out for deals that we partnered on. So, it's been a busy week. Little overwhelming and my wife's not used to me being on the phone this much. So it's been fun. It's been fun.
Steven Butala: How about your kids?
Justin Sliva: I try to make time for them so I'm trying to schedule it where it's not when they're home, 'cause they're at school till 2/2:30 and then they go to bed at seven. So, I've had a couple of guys that have been west coast that can meet me later and so that's been good. The east coast guys, it makes it tough on them because they're coming in but it's crazy to think about east coast, west coast and how many deals we're getting all over the country right now and been thrown at us. It's unreal.
Steven Butala: All right, I have like a hundred questions but I'm gonna ask them right before I take a question from one of our members on thelandinvesters.com online community. So, Max Edison asks, remember him from the live event? He's a young guy. He's super [crosstalk]
Justin Sliva: Okay.
Steven Butala: He says, Hi everyone, I was wondering what's some of the techniques people use to price zip codes within a given county are? When searching for comps by zip codes within the county. No results are coming up compared to the results that are populating when searching for the entire county. And help would be appreciated." What do you think Justin?
Justin Sliva: Yeah, so-
Steven Butala: This is a typical question.
Justin Sliva: Yeah, and I ... my first question for ... 'cause I'll go to houses first, 'cause that's where I went before infill lots on zip code, and so I would actually get zip coded subdivision and comp it to that point. But it depends on the access or what he has, the different tools we've done with MLS, we've done with things like that where we go in and look at that. We have a little bit more access in some of the areas that we shop. But for the most part it's a ... starting with the spreadsheet that you have in the infill lots and working to the equity planner and go from there and see, drill it down from there.
Steven Butala: So, I think it sounds like he's having an actual within Real Quest issue where he finds a bunch of infill lots when just sorting for the county and then he kicks in the zip code and he's getting zero results. Here's the thing, we all go through this. Every single time I do a mailer it's 25 years later for me, and I go through this kind of stuff with Real Quest and Data tree or whatever program you're using because they're sensitive. It's a huge database. It's a 150 000 000 properties plus in these databases so you have to finesse your way through them to get the results that you pretty much should know or are already there or that you're checking form someplace else, you know?
Justin Sliva: Okay.
Steven Butala: Do you have any-
Justin Sliva: Yeah, no. You took it a different direction than I was thinking of the question. Doing that,