How to Buy Anything for Half Price
Jack Butala: How to Buy Anything for Half Price. 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.
Steve:
Jack Butala here from Land Academy. Welcome to our Cash Flow From Land show. Today Jill and I talk about how to buy anything for half price. Well what the heck does that have to do with real estate? I'll tell you. Jill, great show today. Before we start, let's take a question posted from SuccessPlant.com, our free online community.
Jill:
Cool. All right. Brent from Dallas asks:
"I'm a brand new real estate investor. I'm in the very beginning stages of starting my real estate investing business, and I was curious if anyone had advice on where I should start from step one. Should I start marketing the motivated sellers without a business entity, or get a business structure first? Feel free to add any tips for now. I'm just starting out. Thanks."
Steve:
Hey, I'll answer that in a second. If you have a question, or you want to be on our show, please call 800-725-8816.
Great question. I think a lot of people have it. I'm sure a ton of listeners have the exact same question. Where do you start? So this is what you do. Marketing certainly is not where you start. You always start with education on anything that you want to accomplish, in my opinion. You want to start with free education. You don't want to plow a bunch of money into something that you're really not going to follow through on. If you're interested in real estate do two things: Get our fee eBook at LandAcademy.com, that will get you in a system, give you some exercises, some hands-on stuff; and get yourself a username at BiggerPockets.com. Jill and I have no affiliation, but it's a huge community of very experienced and completely brand, spanking new real estate investors of all different types: apartments, land, houses, the whole thing. Start utilizing those two free resources, that's step one.
We'll talk about marketing and all that stuff, eventually, and business structure. A lot of people say, "Hey, I need to start an LLC before I do anything." Leave that down the road. Get educated. You might not like real estate at all. Maybe you would rather open a website eventually, and sell stuff that you by from China. I don't know, but find out for free.
Jill:
I love the things you just pull out of mid air. Like, whatever. Maybe you want to sell sunglasses in a kiosk at the mall. What the heck? Remember when we talked about that a long time ago?
Steve:
Selling sunglasses?
Jill:
We did. Oh gosh.
Steve:
That was for the kids.
Jill:
Oh, all right. But we-
Steve:
Yeah. One of the kids had an idea to do that.
Jill:
Yeah. Because you and I, sometimes before we started ... I hope it's okay I'm jumping in ahead here.
Steve:
Yeah.
Jill:
Right. Before we started Land Academy because our land business was rolling and it was going so smooth, you and I were like, "Well what should we do now?"
Steve:
We were bored. Yeah, "What are we're going to do?"
Jill:
That's exactly it. We started looking around at all kinds of crazy things like, "Gee, I wonder how much that makes." It's like driving for dollars, but driving for businesses, like, "Gee, what's a good business to ..." You know? Walking through the mall going, "Oh, I could do that. Look at the return they get."
Steve:
You know what I do sometimes late at night on the Internet? I look for dry cleaners for sale. I'm just fascinated with that business. I don't mean a dry cleaner plant. Next time you walk into the dry cleaner. If it's one of those that have an actual ... They don't clean the clothes. They just have one of those big,