Importance of REI Acquisition Criteria
Jack Butala: Importance of REI Acquisition Criteria. 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.
Jack Butala:
Jack Butala from Land Academy. Welcome to our Cash Flow from Land show. Once again, we show you how to buy property for half of what it's worth and resell it the very next day. Great information and instruction from Jack, that's me.
Jill DeWit:
And inspiration from Jill, that's me.
Jack Butala:
In this episode, Jill and I talk about the importance of REI acquisition criteria. It comes up every day. Jill, great show today, but before we start, here's some funny stuff that happened to us recently.
Jill DeWit:
All right, what was it? The last five people we made job offers to turned us down. I don't think it was five. I don't think it was five.
Jack Butala:
We even convinced one to take us on as a client.
Jill DeWit:
Was it five? Are you sure?
Jack Butala:
It was some number like five.
Jill DeWit:
I just remember the guy that we really wanted and we couldn't get him, but that's okay.
Jack Butala:
We had like a four stage process to interviewing people and stuff.
Jill DeWit:
I know.
Jack Butala:
It's funny.
Jill DeWit:
Do you know what? That's fair. It is funny, though. It is fair.
Jack Butala:
I don't take it seriously or personally at all, stuff happens.
Jill DeWit:
It's got to be right, too, you know? For some reason, it's kind of funny, I go, why didn't they ... They just didn't feel it, and that's okay.
Jack Butala:
It's like dating. The worst thing that can happen is everybody's forcing it and six months later it just falls apart like a car accident.
Jill DeWit:
That's true.
Jack Butala:
We want it to just end right here.
Jill DeWit:
One good date and you think this is it, don't do that. Oh boy, that's right. Here we go. Red flags, dating, driving for dollars.
Jack Butala:
Before she rants.
Jill DeWit:
I have about three topics I think that you bring up something, I'll go on it and that's one of them.
Jack Butala:
I love working with you. Anyway, let's take a question posted by one of our members on SuccessPlant.com, our free online community.
Jill DeWit:
Okay. Jared says, "I found a county, low population, and there's vacation density in the state. Good access, but it has high prices on land and only two properties are for sale on the tax sale list. Is this one I should run from?" It's kind of choppy. Can you please restate that?
Jack Butala:
He said, "I found a county, it's got low population. It's a vacation destination in the state." Good, good, good. "It's got good access, low population, once again, but it has high prices on land and only two properties are for sale on the tax list." He says, "Should I run from this one?" What he's asking is this, because I spend a whole chapter on our Cash Flow From Land Education Program in detail, showing you in the computer how to find areas to send letters to. We don't tell you which county to do it in. A lot of people say, "Can you just tell me the county?" Jill's got several canned answers to that, and I'm not going to say what they are now. You can lead a horse to water kind of thing. Instead of giving you a list of counties that we think are successful, instead we show you how to find one.
Jared's clearly gone through this because there's like four or five criteria. One is, you've got to find a county that's got low population density. You don't want to mail $500 per unit offers in Manhattan, New York. You just don't want to do that. It does work in Manhattan, but it's a different way and we'll get to that later. One is a rural county.