First Deal Should be a Huge Disaster Mess (LA 732)
Transcript:
Steven Butala: Steve and Jill here.
Jill DeWit: Hi.
Steven Butala: Welcome to the Land Academy show, entertaining land investment talk. I'm Steven Jack Butala.
Jill DeWit: And I'm Jill DeWitt, broadcasting from sunny Southern California.
Steven Butala: Today Jill and I talk about your first deal, should look like a huge disaster mess. By the way, it is a ... man I wish somebody woulda told me [inaudible 00:00:19].
Jill DeWit: It's hilarious. Just give me a description of what this should have physically ... if i have, if an image comes to my mind, should you see someone ... I mean what should be happening? Paint the picture.
Steven Butala: I'm gonna ask you to describe your first deal, I'm gonna certainly describe my first deal in the meat of the show here.
Jill DeWit: Okay.
Steven Butala: It's gonna make ... I guarantee you this, it will make everyone ...
Jill DeWit: Feel better?
Steven Butala: Yes.
Jill DeWit: Good.
Steven Butala: I mean yours ... your deal probably smelled like roses and looked pretty.
Jill DeWit: I know, I'm trying to rethink back.
Steven Butala: But you had me helping you
Jill DeWit: I know, that's ...
Steven Butala: I'm sitting at a coffee table, sitting at a coffee table with a full time job all stressed out ...
Jill DeWit: Mm-hmm (affirmative) [inaudible 00:00:59] what I just do.
Steven Butala: ... in Ohio, trying to close an 80 acre deal in Arizona, and I've never done this before.
Jill DeWit: Right.
Steven Butala: I have a lot to say.
Jill DeWit: I know you do.
Steven Butala: I know, I snoop for you.
Jill DeWit: You usually do.
Steven Butala: Before we get into it, let's take a question posted by one of our members. On thelandacademy.com online community, it's free.
Jill DeWit: Okay. Milan asks "Long story short: I bought 40 acres a few months ago for 4,000 dollars. Did all my due diligence and all was good. Count and recorded it, and I was a proud owner. The land wasn't selling. Thank God it wasn't, that would have been a serious mess. Last week I received a letter from the law office telling me that my property will be auctioned at a certain date. I can pay the lien of 4,000 dollars, not too big of a deal. The point is, if I resold the property, that would seriously destroy my reputation selling property to clueless, excited buyer. I'm learning intensively how to check for liens now, what is your process? There are a lot of questions about liens in this forum but no one really answered it."
I do have one thing I would like to add first here, Steven.
Steven Butala: Yeah.
Jill DeWit: I don't know how or where Milan is doing his due diligence because I know he doesn't have the tools that we have.
Steven Butala: Oh, he's not a member? Oh, Milan!
Jill DeWit: No, he's not. He doesn't have the title pro 24/7. He can't pull a lien report like we all can in 30 seconds. Or 10.
Steven Butala: Okay, so his long story short ... my answer's gonna be short.
Jill DeWit: Yeah.
Steven Butala: Become a member, and this would never happen.