How to Buy Houses for Immediate Wholesale (LA 929)
Transcript:
Steven Butala: Steve and Jill here.
Jill DeWit: Good morning.
Steven Butala: Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala.
Jill DeWit: And I am Jill DeWitt, broadcasting from sunny southern California.
Steven Butala: Today Jill and I talk about how to buy houses for immediate wholesale.
Jill DeWit: I realize I said morning when it's really actually afternoon. I'll wake up here. It's one of those days.
Steven Butala: Why does it feel so early? Because it is.
Jill DeWit: What? Well, it's not ... It's not that early. People would say, "What? What time? Are you guys think that's early?" When really they've been up at the office since five. We're kind of wimps.
Steven Butala: What happened to you this weekend that was fantastic? Or really bad?
Jill DeWit: This week?
Steven Butala: This weekend.
Jill DeWit: Oh, I went to Santa Barbara.
Steven Butala: I was with you.
Jill DeWit: Yeah, I know.
Steven Butala: And it was fantastic.
Jill DeWit: I thought you were gonna it say it was really bad, because we brought up ... You know what, it was really fantastic, because we got to go to Santa Barbara. It was really bad because we had to take a kid.
Steven Butala: So good that our children don't listen to this show.
Jill DeWit: Exactly. It's okay.
Steven Butala: Yeah.
Jill DeWit: Yeah. It's fine.
Steven Butala: He's at that age.
Jill DeWit: And we need to vent about it.
Steven Butala: Yeah.
Jill DeWit: Makes me feel better.
Steven Butala: Publicly on the show.
Jill DeWit: Oh, yeah, totally.
Steven Butala: That's why we have the show. To vent about our children.
Jill DeWit: Exactly.
Steven Butala: Before we get into it, let's take a question posted by one of our members on the LandInvestors.com online community. It's free.
Jill DeWit: Joe Chu asks, "I picked the counties I wanted to mail based on my personal for use preferences. I think to myself, it would be nice to spend the weekends there. So I mail there. Have you used the same logic?" I don't think that's crazy.
Steven Butala: I have used this logic, which we don't talk ... This is why I included this question. I've used this logic on every mailer I've ever done, ever. I put myself and that's why I included it, so ... And I say all through 1.0 and 2.0, test for reasoning, test for logic, and just make sure it makes sense to you. It's almost like what you choose in the grocery store is ... Some of it's about price. Some of it's about, yeah, I really want to taste it. Some of it's about is it good for me? So you have to kind of feel your way through whether or not you want to send an area, send mailer in an area. But I will say this triggered something for me for some reason when I read it, because I'm never gonna mail an area just for financial reasons and that's it. Because Jill and I buy and sell real estate all the time and we do it based on, yeah, this is a good deal. Sometimes, if the deal's really right, I get this feeling like, you know, maybe we should keep this.
Jill DeWit: Yeah.
Steven Butala: This is such a good deal, financially, and it's such a cool property. We never do.