Greatest Property Scams of All Time
Jack Butala: Greatest Property Scams of All Time. 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: Jack Butala here for LandAcademy, welcome to our Cash Flow From Land Show. In this episode, Jill and I talk about some real estate dishonesty. I came up with this topic because we're talking with more and more of our new members, our brand new ones, about their initial experiences in real estate investment and full disclosure here, with candor, a lot of them aren't good. A lot of them involve a hotel lobby and just a lot of bad experiences and bad advice. Jill, I got to tell you this really turns my stomach.
Jill DeWit: Me too.
Jack Butala: I'm glad we're doing this ... We're talking about this on the air, because ... I'll tell you, I cannot, on the air, use the language that I use around the office about this topic.
Jill DeWit: I know.
Jack Butala: I won't. I'm just giving you a heads up. I won't.
Jill DeWit: Thank you.
Jack Butala: Hey, but before we do, as always, let's take a question from a dial-in caller. Hey, if you want to be in this show, call 888-735-5045. Leave your question for us. A lot of people are doing it lately, and we'll have you on the show.
Jill DeWit: Cool.
Jack Butala: When we get better equipment.
Jill DeWit: Yes. Right now we're reading the questions, but soon you will be on the show.
Jack Butala: Yeah, right.
Jill DeWit: All right. Percy from Milwaukee asks "What if I just want to learn how to buy a house or land for myself and save a lot of money?" Love it.
Jack Butala: Right, so I think what he's asking there is "I don't necessarily want to get into the real estate business, like your members do."
Jill DeWit: Yeah. Just want to learn the process.
Jack Butala: "Can I get involved with the program because I want to buy a vacation lot or a cabin or something in Northern Michigan?" In fact, that's a fantastic question. We have a lot of members who purchased the program and sent out 1 or 2 mailers to buy extremely inexpensive targeted property for personal use.
Jill DeWit: Mm-hmm (affirmative).
Jack Butala: They do it with houses, too.
Jill DeWit: Mm-hmm (affirmative).
Jack Butala: Usually second houses, not first houses.
Jill DeWit: Mm-hmm (affirmative).
Jack Butala: That's maybe something we should ...
Jill DeWit: It's interesting. I do see it as second houses.
Jack Butala: It's probably because we talk about it that way all the time. I could buy a primary residence this way, really easy.
Jill DeWit: I know some of our members that have bought more than one property in the area that they like and then picked the one that they wanted and sold the other ones off, and they like made the money back to pay for the one they just bought.
Jack Butala: I've done that many times.
Jill DeWit: I know you have.
Jack Butala: I end up always selling ... You know we end up selling almost all because then we buy another one that's nicer.
Jill DeWit: Exactly.
Jack Butala: Yeah.
Jill DeWit: I'm like that's the bril...