How to Sell Land on eBay.com (LA 907)
Transcript:
Steven Butala: Steve and Jill here.
Jill DeWit: Bonjour. I'm planning a trip. Can you tell?
Steven 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. It'd be funny if I said sunny Southern France.
Steven Butala: You know what?
Jill DeWit: That would be cool.
Steven Butala: We should do that when you go there.
Jill DeWit: Yeah. We will.
Steven Butala: Today, Jill and I talk about how to sell land on eBay.com. And I have to say, of all the topics that I feel qualified to talk about, this is one of them. Tens of thousands of properties, pieces of real estate, we've sold on eBay. eBay alone generated 20 million dollars of equity since 2004.
Jill DeWit: I'm willing to bet that if we called eBay today, you still hold the record for the most properties sold.
Steven Butala: I mean, we still sell on there now. If you go on there right now, you'll see us.
Jill DeWit: I'm sure you hold the record.
Steven Butala: But back in the heyday, we were invited to ... I mean, we were doing millions and millions of dollars.
Jill DeWit: How many? Just give me ... what was the average a month and what was the average a day?
Steven Butala: We were selling four properties a day at one point.
Jill DeWit: So that's 120 a month.
Steven Butala: We started ... I'll talk about it on the episode, but yeah. I don't know. At one point, it was actually even more than that. Like 10 to 12 properties a day.
Jill DeWit: I think you even had hourly stuff going at one point. So it's interesting. And then since that, we had another company that we did off of eBay that I was involved in that we did have hourly closings throughout the day.
Steven Butala: It's still a very viable model.
Jill DeWit: Remember that? Shucks, we had 30 to 50 closings a day with that other sub-company that I was involved in.
Steven Butala: And sold the company. I mean, that was ... it worked out great.
Jill DeWit: That involved shipping something, too, and I didn't like it. I was like, "That was a lot of work."
Steven Butala: It was tough. Still ship the paper, but we'll get into it. 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: Gerd asks, "Howdy, y'all. I just received an email from my most recent mailer from a person stating that they are a minor in possession of the parcel." Which can happen.
Steven Butala: I just think this sentence "minor in possession" is interesting.
Jill DeWit: It does sound funny. Minor in possession. Stand on ... I'm a minor in possession standing on a parcel. Excuse me. Minor in possession of a parcel. Sorry. My bad.
Steven Butala: That's the name of a show next week. I can almost guarantee it. That name of the show is Minor in Possession.
Jill DeWit: Shucks. I'm writing that down. Minor in Possession.
Steven Butala: How about Minor in Possession: It's Not What You Think.
Jill DeWit: Perfect. Perfect. All right, Gerd said, "I asked a couple questions, and it seems that this person's father purchased a property and placed it in him name when he was very young. Anyone dealt with purchasing a property from som...