How to Find a Wholesale Money Partner Fast (LA 930)
Transcript:
Steven Butala: Steve and Jill here.
Jill DeWit: Hola.
Steven Butala: Welcome to the Land Academy Show. Entertaining land investment talk. I never know what you're gonna say.
Jill DeWit: Thank you.
Steven Butala: I'm Steve Butala.
Jill DeWit: And I'm Jill DeWit broadcasting from sunny southern California.
Steven Butala: Today Jill and I talk about how to find a money partner fast. A wholesale money partner fast for your real estate deal.
Jill DeWit: Isn't that great? You know, I'm glad we're talking about this. A lot of times that people say, "You know, Steve and Jill, they talk about the buy side. They don't talk so much about the sell side. I know it comes easy for them but it doesn't always come easy for me." So I'm glad that we're talking about selling and finding buyers. This is all really, really, really wanted and asked for information.
Steven Butala: I wrote this topic because this is what I struggled with when I started. This exact topic. I didn't really struggle with anything else, plus or minus. Finding a good money partner, which in the end we didn't do, I didn't do. I chose to use the equity that I created on the last deal and put it in the next deal. And that's one way you can do it, and it worked great for us, but it took probably four times as long as it needed to.
Jill DeWit: Right.
Steven Butala: Now we have a bunch of equity partners mainly because we started Land Academy.
Jill DeWit: Yep.
Steven Butala: We have other members. So it worked out.
Jill DeWit: Exactly.
Steven Butala: We'll talk about some of the tools that we developed in a minute here. Before we get into it let's take a question posted by one of our members on thelandinvestors.com online community. It's free.
Jill DeWit: Is this a long one?
Steven Butala: Yes.
Jill DeWit: Okay, so I watched this question being loaded in so I just want to preface you right now, listener. This is a little bit long and I'll paraphrase where I can, but it's really really really good, valuable information.
Steven Butala: If you're a brand new member or you're just kind of a lurker, which is great, this is really going to interest you because this person is a new member and he takes us through his journey of his first deal.
Jill DeWit: Exactly.
Steven Butala: If you're already a member and you're listening, I hope you've had an experience like this.
Jill DeWit: I'm pretty sure you have. Based on the comments, too, pretty sure you have. Okay, so it started back on January 23rd.
Jill DeWit: Hi. I just wanted to make a record of this moment-
Steven Butala: This person's name is Joe Chu.
Jill DeWit: Oh yeah, Joe Chu. And it's in Land Investors so if you wanna see it, go check it out. So starting on January 23rd.
Jill DeWit: Hi. I just wanted to make a record of this momentous milestone so that I can look back here a few years later and see where I started.
Jill DeWit: How cool is that, by the way?
Steven Butala: Yeah.
Jill DeWit: Using our community as like, to document, so you're just gonna go, "I remember that day and how scared I was and here I am on my yacht."
Jill DeWit: Anyway, so it says: I signed up for this educational program just about a month ago. I watched through the training,