Land Academy Continuing Education Explained (LA 1357)
Transcript:
Steven Jack Butala:
Steve and Jill here.
Jill DeWit:
Hello.
Steven Jack 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 gorgeous Park City, Utah.
Steven Jack Butala:
Today Jill and I talk about The Land Academy Continuing Education Program Explained.
Jill DeWit:
What? What did you say?
Steven Jack Butala:
We spent six months asking Land Academy members, and just everybody, what more they want. How can they be more successful? We know a substantial number of you are doing great, what can we do better? Do you need to be more educated? Do you need another program? What do you need? They all said, or the vast majority of people said, "We need some form of continuing education in the form of we need to stay motivated."
Jill DeWit:
Keeping us on track.
Steven Jack Butala:
"We need to know how to utilize the MLS better," and on and on and on.
Jill DeWit:
Where I should be right now today.
Steven Jack Butala:
Yeah, we need a consistent, long-term module after module. "Hey Steve, you're always talking about these new ways to look at data. Can we have a class on it? Or can we get together in a small group, ask questions and get your attention. Maybe six or eight of us or 10 of us?" So, Jill and I will talk about that in a second. I can't wait, because I didn't realize it, but I'd like to teach.
Jill DeWit:
I know you do.
Steven Jack 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.
Jill DeWit:
And you're great at it.
Steven Jack Butala:
Thank you, Jill.
Jill DeWit:
Kathy wrote-
Steven Jack Butala:
Jill's in vacation mode.
Jill DeWit:
I am.
Steven Jack Butala:
She's happy.
Jill DeWit:
This is fun. Kathy wrote, "Hi. We are considering buying a nine acre property that has a narrow frontage on a curve. Because of the curve, there's a guardrail." I hope that's not right in front of the property, this is interesting. "Not sure how this would be addressed for road access." That answers my question. "Will the County take down some of the guardrail or would we have to request access from a neighbor? The County office is hard to get ahold of, but wondering if anyone else has had this issue. Thanks, Kathy."
Steven Jack Butala:
May I?
Jill DeWit:
Go right ahead.
Steven Jack Butala:
What?
Jill DeWit:
I'm sorry. Guardrail, curve, slope. Uh oh, that's my train of thought there.
Steven Jack Butala:
Jill and I late last year purchased a commercial piece of property in Ohio for 10% of what it was listed. It was listed for a while. It came off the market, we gave them an outrageous offer. It was a [inaudible 00:02:38] deal that came in from another member. They accepted our offer because of life circumstances, it had every single thing you're talking about. We made $250,000 on it, here's why. We checked with, and it was a commercial piece of real estate that was zoned for-
Jill DeWit:
Hotel.
Steven Jack Butala:
Hotel. Hotel, motel hospitality. So it had all these things and I had the same exact concerns, almost in this order that you have. We found out through talking to the right people and talking to the person who eventually bought it from us that that's how they've gotten over it in the past. So none of this scares me, none of it.
Jill DeWit:
Can I share?
Steven Jack Butala:
Yeah.
Jill DeWit:
One of the things that we did that was really perfect for you, Kathy, right now, you do want to find out for sure from the County what the end result is. Then call number two and three and four are to three different brokers getting opinions, because that's what helped us in that transaction too. Once we figured out what was possible, then we had to talk to a couple of brokers and go, "Do you have people for this type of a thing?" We all know now what they need to do while they do...