Land Academy 1.0 is Just About Live (LA 904)
Transcript:
Steven Butala: Steve and Jill here.
Jill DeWit: Hello.
Steven Butala: Welcome to the Land Academy show, entertaining land investment talk. I'm Steven Jack Butala.
Jill DeWit: I'm Jill DeWit broadcasting from sunny southern California.
Steven Butala: Today, Jill and I talk about how Land Academy 1.0 is just about live.
Jill DeWit: I can't wait to share more of what it is.
Steven Butala: Tell us, right now.
Jill DeWit: No, not til the end of the show.
Steven Butala: Yeah, 'cause we have the most listeners at the beginning 'cause-
Jill DeWit: They all fall off right about now?
Steven Butala: Every single second that the show goes on, less and less and less. Yeah, we lost half of them already.
Jill DeWit: Oh great. Thanks a lot. Well for those of you who managed to hang in there for another minute, we'll get to it.
Steven Butala: The first twenty seconds is our best but that's about it.
Jill DeWit: All right. Okay. Real quick. 1.0 is the updated version of our original program that we launched in 2015 and I'll fill you in more in a few minutes, if you stay with us, all three of you.
Steven Butala: Before we get into the show, let's take a question posted by one of our members on the LandInvestors.com online community. It's free.
Jill DeWit: Alex asks, "For those of you doing this part time currently, maybe a few deals a year, how much time are you putting in? I get that everyone follows the you get out what you put in rule but a ballpark of time spent on researching/contacting counties, putting together mailers, talking with sellers, et cetera. Truly, how tricky is all the paperwork involved in buying and selling a piece of raw land? I know it isn't rocket science but all the numerous legal documents seem to be a bit overwhelming. Thanks in advance for any advice you can offer."
Steven Butala: There's a couple questions in here. Number one, how long does it take and how much time do you spend?
Jill DeWit: Yeah.
Steven Butala: In Land Academy 1.0 which is a remake or a release or an update to the original 2015 program I have a literal spreadsheet of all the steps that it takes. A spreadsheet with a bunch of tabs and the final tab is all the steps that it takes and how much time you should be spending on all of it. It's very, very clear. Emphatically clear that you can do this very easily part time and do two or three deals a week once you get-
Jill DeWit: Rolling.
Steven Butala: Rolling. Exactly. As far as paperwork goes, Jill, why don't you take a shot at that 'cause you hate the stuff I do.
Jill DeWit: Well, again, it's not that bad. I have a different way of explaining it and I agree with you. You have the engineering mindset the way you lay it out in a spreadsheet. I describe it like this. Say you only have four hours on a Sunday. One Sunday you spend picking the county. The next Sunday you spend downloading the data and scrubbing it to go out in the mail. The next Sunday you spend reviewing the offers and the calls and the things that came back. The next Sunday you buy them. Now is where there's a little bit of tricky, yeah you got to plan out that week with the paperwork. I have to ... what's involved in this? I've got to make a deed of the person that I'm buying it from, this is just the paperwork part. Got to maybe go get a cashier's check to pay for the property. I've got to call and arrange a notary. I have to send it to the notary.