Investing in Other Business vs Real Estate (LA 1509)
Transcript:
Steven Butala:
Steve and Jill here.
Jill K DeWit:
Hello.
Steven Butala:
Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala.
Jill K DeWit:
And I'm Jill Dewitt, broadcasting from sweet Scottsdale, Arizona.
Steven Butala:
I don't think it's Scottsdale, Jill.
Jill K DeWit:
Oh, I'm sorry. Well, let's just say-
Steven Butala:
This is new for us.
Jill K DeWit:
Well, I'm near Scottsdale, Arizona, we'll just say that. I'm sitting in front of what appears like, you know what it looks like? It looks like we're at a resort. Coming to you from the Camelback Inn Resort and Villas. Coming to you from Ballroom A. We should do that.
Steven Butala:
Jill and I are recording this week from a property that we purchased in Paradise Valley.
Jill K DeWit:
Thank you very much.
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. And if you're already a member, please use Discord, but don't overuse it.
Jill K DeWit:
Noted.
Steven Butala:
I'll leave it at that.
Jill K DeWit:
Noted.
Steven Butala:
This is a long story that's worth reading. I'd happily read it, if you'd like.
Jill K DeWit:
I like reading it. I will settle in. And you too should settle in, as I look how long this is. Tony wrote, "Hi everyone." Wait, wait. Was this in Land Investors or was this in Discord?
Steven Butala:
Land investors.
Jill K DeWit:
Okay. "Hi everyone. I just wanted to chime in, introduce myself. My name is Tony and I've owned and operated an insurance agency for the past 11 years with great success. Finally I got tired of the company that I was selling for and sold my agency about six months ago. Was in the process of trying to figure out what to do next when I came across a YouTube video ad for land flipping. I thought to myself, is this for real? Well as most of you know, research leads you down some pretty deep rabbit holes, and I finally came across Land Academy with Steve and Jill. Those guys really struck a chord in me, as I found them to be probably the most sincere and entertaining educators on the subject out there." Entertaining.
Steven Butala:
I'll take it.
Jill K DeWit:
I'm sincere, you're entertaining. We're going to change our ending.
Steven Butala:
I think it's the other way. Insincere? This is Steve and Jill. Insincere.
Jill K DeWit:
And entertaining. Insincere and boring. No, I'm just kidding. That's so cool. Thank you, Tony. All right. Back to the comments here. "As much as I've researched and tried to learn, and trust me, there's plenty more out there to learn, I was and still am a bit skeptical. One night I was talking about possibly doing land flipping at the dinner table with my family and my 15-year-old daughter got intrigued as much as I did. Afterwards, little did I know she started to watch Land Academy episodes on YouTube." You've got to be kidding me.
Steven Butala:
Entertaining teenagers.
Jill K DeWit:
Wow.
Steven Butala:
It's something that Jill and I haven't been able to accomplish in our own family.
Jill K DeWit:
Wow. This is the only one.
Steven Butala:
Congratulations, pal. You have the unicorn.
Jill K DeWit:
Okay. "YouTube and started to learn on her own the basics of land flipping. She came to me a little over a week ago and said, 'Dad, we could totally do this.' She then went on to tell me why and she went into steps of one" ... I'm still flipping proud of her.
Steven Butala:
Me too.
Jill K DeWit:
I want to give this little girl a hug.
Steven Butala:
We should have her on the show.
Jill K DeWit:
She's so good. "One, researching counties. Two, pick a county. Three, get the data. Four, scrub the data. Five, send out mailers. Six, buy the land. Seven, sell the land. Eight, rinse and repeat. Now I'm sure to all the experienced land folks out there, this is way over simplified,