How Much do Flood Zones Really Matter? (LA 1531)
Transcript:
S Jack Butala:
Steve and Jill here.
Jill DeWit:
Hey.
S Jack 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.
S Jack Butala:
Today, Jill and I talk about the topic called how much do flood zones really matter?
Jill DeWit:
Are we still talking about this?
S Jack Butala:
What the heck are flood zones?
Jill DeWit:
Really? Is this really ... This is important? Yes, it is/however, is it worth spending weeks on this? Mm-mm (negative). We're going to talk about it. There's a lot of discussion going on in this, way too much discussion on this.
S Jack Butala:
Federal government has taken it upon themselves ...
Jill DeWit:
Once again.
S Jack Butala:
... to map out the ...
Jill DeWit:
Once again.
S Jack Butala:
That goes without saying.
Jill DeWit:
Right.
S Jack Butala:
To map out the entire country and tell us all where the flood zones are.
Jill DeWit:
That's nice.
S Jack Butala:
I'll let you decided if that's a good thing or a bad thing. I personally think it's a good thing. And they gauge it in a map about when stuff floods ... and it always does, always ... where the water should go and what should be built there. And so, we'll talk about if your property's in a flood zone, exactly what to do.
Jill DeWit:
How excited should you really get?
S Jack Butala:
This is one of Jill's favorite topics.
Jill DeWit:
Oh, I love this.
S Jack Butala:
She loves talking about flood zones.
Jill DeWit:
Oh, sure.
S Jack Butala:
Driving for dollars.
Jill DeWit:
Oh, yeah.
S Jack Butala:
She loves talking about data.
Jill DeWit:
[crosstalk 00:01:21] agents, yeah.
S Jack Butala:
Mm-hmm (affirmative).
Jill DeWit:
I love how long things take.
S Jack Butala:
Jill had an interview. I keep thinking about this, I don't know why. Jill hired a personal assistant recently. And she had an interview, and she comes back from these interviews ... This is an in-person hire, so they work next to her.
Jill DeWit:
Right.
S Jack Butala:
They don't work in Canada.
Jill DeWit:
Remotely, yeah.
S Jack Butala:
Yeah, and so, she came back from this interview. And as always, I'm like, "How did it go?" I mean, I'm secretly hoping that she found the right person.
Jill DeWit:
Yeah.
S Jack Butala:
And Jill walks through the door and says, "She likes pretty things."
Jill DeWit:
Yeah, not going to work. Not going to work.
S Jack Butala:
Like, floral arrangements. And there's nothing wrong with floral arrangements, but that's just not the first thing you want somebody to say on an interview as a personal assistant.
Jill DeWit:
Like, "Where's my desk going to be? And what's it going to look like?" Huh? What?
S Jack Butala:
Before we get into that, let's take a question posted by one of our members on thelandinvestors.com online community. It's free, and if you're already with us, check out discord.
Jill DeWit:
Deanna wrote, "Hi. I thought I would post here seeking inspiration. I signed up for Land Academy in September, 2020. I sent out maybe 2,000 to 2,500 mailers thus far. I had quite a bit of call backs from sellers who were interested. I've not actually bought any property, for I do not necessarily have the capital to do so. I instead, have a few active option contracts, and also reached out to a few investors, but to no avail on the investors. The properties I have under option have been there now for three to five months. Option is difficult, because the seller wants what the seller wants, so it seems that the price is usually too high. I figured I will go at it anyway, because I'm not losing anything out of it. Now that it has been seven months and I still have not made a deal, I'm feeling a little disheartened and already looking at other career paths, but I know this one can be very successful and lucrative. I assume I should set up more mail.