From $500 to $20M-No One Believes Me (CFFL 0054)
Jack Butala: From $500 to $20M-No One Believes Me. Why We Can Afford to Give Land Away Every Month. Every single month we give away a property for free. It's super simple to qualify. Two simple steps. Leave us your feedback for this podcast on iTunes and number two, get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening.
Jack Butala: Hey. Jack Butala here for Land Academy. Welcome to our Cash Flow From Land Show. In this episode Jill and I talk about the very first day of my land career, and then we talk about today and everything in between. Jill, I look at the numbers and I can't believe it. Ask me anything if you want. This is not going to be our highest rated show, and you know how I get about talking about myself and stuff, but somebody called in and asked about this.
Jill DeWit: I love this topic. I actually have a list of questions that I think everyone would love to hear the answers. This is a great topic. Let me go back and explain. Do you want to explain what we're talking about. It's really ...
Jack Butala: I would love for you to do it.
Jill DeWit: Okay. This is really Steven started, no surprise and no secret, it's in our e-book too, with five hundred dollars and his checkbook sitting at his kitchen table buying a piece of land off eBay and who knew it would turn into twenty point, I don't know how many ... It's twenty-two. I don't remember what the final number was, but over twenty million dollars in revenue from that in not a lot of time. It is amazing, and it's all just buying and reselling rural land.
Jack Butala: Right.
Jill DeWit: That's it. Question one. Susie from Omaha said ... I'm just kidding.
Jack Butala: Jill is joking about that because we're about to have callers on the show. We really are. We're several episodes away from doing that.
Jill DeWit: Should I pretend, "Hi. My name is Susie"?
Jack Butala: Yeah. Let's try it.
Jill DeWit: Hi, my name is Susie. I'm from Omaha. How are you?
Jack Butala: It's kind of turning me on.
Jill DeWit: Long time listener. First time caller. Steven, your voice is just ...
Jack Butala: Hello, Susie from Omaha. What are you wearing today?
Jill DeWit: Your voice is just dreamy. Especially now that I know what your balance sheet looks like.
Jack Butala: I've always wanted your balance sheet.
Jill DeWit: Why do you like him? Have you seen his balance sheet. You know what? Next time somebody asks me why we're partners together or something I'll just say ... We're out in ... I going to say, "Have you seen his balance sheet?" Just kidding. Okay. Here is my question. When did you realize what was happening? When did you realize that you could actually make a living doing this?
Jack Butala: Yeah. That's a good question. I bet people would be [or 00:03:03] like members are interested in this. I had a very delayed response, years. I went into this. I had a job. Like everybody, I had a job, and so I started flipping land on the internet long from the location that I was in. I was not in the same geography, so did a few deals, did a few off deals. Actually, we don't teach this, but I bought some land on the internet and then resold it. That happened and I guess, I don't know, I made a bunch of money. I just didn't believe it. I figured, "Oh, that's just a one-off thing."
There was no education. I wasn't following a manual like Land Academy has or anything. I was just buying and selling property. The cash that I had on hand at that month is what I spent and sold it for c...