Its Time to Hire AGAIN (LA 1056)
Transcript:
Steven Butala: Steve and Jill here.
Jill DeWit: Good day.
Steven Butala: Welcome to the Land Academy show with my microphone in front of me now, entertaining land investment talk. I'm Steven Jack Butala.
Jill DeWit: And I'm Jill Dewitt and I came fully prepared and we are broadcasting from sunny Southern California.
Steven Butala: Today's topic, Jill and I talk about how it's time to hire again, all caps.
Jill DeWit: Do you want my notes are? My notes I made to myself, it's a happy face and then it's a sad face and then it's a happy face and I'll explain that in a minute.
Steven Butala: I'm going to quote Steve Jobs here, at some point in your career, if you do everything right, you become a full time recruiter. And we are very close to that point, if not there. Yeah, we're there. The only thing holding us back from making $1 billion literally is good talented people. I never that would [crosstalk 00:00:54]-
Jill DeWit: And 10 of them. And 10 of them. Okay, before we get into it-
Steven Butala: Let's take a question posted by one of our members on the landinvestors.com online community, it's free.
Jill DeWit: Crazy day for you here. It's all good. Marcus says, "What would you do if you only have $2,000? My capital is tied up in another property and I want to stay active. I could, A, keep saving and mail when I have more. Or, B, mail for cheaper lots a and partner on accepted offers. Or, C, by over the counter lots and Ebay them. Option B has been my goto since I got started and after 4,000 offers since, since March 2019, and only one deal," I don't know what that's about, "I'm not too fond of trying it again." I'm totally confused. "But this time I'd be mailing for properties with an acquisition price under $10,000." Oh, because he probably couldn't afford it. That's why.
Steven Butala: Oh, I see, he went real specific.
Jill DeWit: Got it. "Not 30,000 plus dollars like I've done in the past." So it sounds like couldn't do that many. So okay, let me back up. May I dive in here?
Steven Butala: Yeah.
Jill DeWit: Okay, so my goal number one is not to tie all your money up in one deal. I really want you to have... Because it's probably a bigger deal. And then you have all your eggs in one basket and you're just sitting there watching that one deal and you have to wait for that one deal to close before you have money to do more. So if you have $6,000 please buy six $1,000 properties. Because, hopefully, one will close tomorrow and one will close on Tuesday, one will close in a week, one will close... and then the two others will closed right after that. And who cares at that point because you're already putting that money that you've already made back into play and and now you're rolling. What do you got?
Steven Butala: This is a very intelligent question. This Friday we have scheduled, we haven't recorded it yet, a show called Equity 101, how to build equity 101. So I want you to take a couple of steps back and get your head kind of... put your academic hat on, your drawing board hat, not your implementation hat because this is an implementation question. But I think the answer to the implementation question lies in the academic part of this.
Steven Butala: If you have $2,000, your goal should be to create 4,000 and that's it. If buying over the counter property and selling it on eBay is the fastest way for you to do that, then do that. If buying a $4,000 property, go back to your mailer, go through your phone messages and stuff and finding a property in there probably you could breathe some life back into and buy,