Land Investing From the Road: Update Number 3 (LA 1863)
Transcript:
Speaker 1:
Steven, Jill here.
Speaker 2:
Hello.
Speaker 1:
Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala.
Speaker 2:
And I'm Jill DeWitt, broadcasting from Hall, the MotorCity from Detroit.
Speaker 1:
Today Jill and I talk about land investing from the road and this is update number three. We started in Arizona, we worked our way across the country. Spent way too much time because we were having a blast in Colorado. Didn't spend too much time, but had a blast in Nebraska, Iowa and Wisconsin.
Speaker 2:
So last week when we were recording, we were coming to you from Traverse City, Michigan. As you can see, we didn't make it that far. We have a lot of family to see and we're actually having a good time. You know what? We have a lot of family to see and the weather has been cooperative. And those of you who know Michigan, especially know the northern parts, it's so pretty with your lakes. It's just awesome. My favorite's been Harbor Springs now. Now I moved, I keep changing my favorite places.
Speaker 1:
There's a huge, huge gap between the sale prices for houses and sale prices for land, which is great for us.
Speaker 2:
It's true.
Speaker 1:
So the whole time that we've been doing this, Jill and I have been researching land, land values, all the way, every time we get in a car. So I've come up personally with a bunch of places I want to send mail throughout.
Speaker 2:
Yeah. Isn't that interesting? So wait, let me just go... I want to continue that thought for just a minute. We're on the north west side of Lake-
Speaker 1:
St. Clair.
Speaker 2:
St. Clair, okay. And I've noticed homes around here. You can get a home for $200 000 to $300,000 and then there's lots for $200 000 to $300,000. So you're right, these numbers being all over the map are good for us.
Speaker 1:
It is great for us. Where we're sitting is not a place you want to buy land at all. But there have been places on the way here where you got 5, 6, 7 and mostly upstate Michigan, we call it up north here, $800,000 houses. And then lots are on the MLS for $20,000 in the same vicinity. So those are great places to send mail.
Speaker 2:
Well the Michigan started to come out there for a second.
Speaker 1:
Oh yeah?
Speaker 2:
Yeah. I like it.
Speaker 1:
I'm not happy about it.
Speaker 2:
It's good.
Speaker 1:
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 I hope by now Jill and I instruct a handful of new and existing Land Academy members in a one on one class called Career Path. So it's for people who, this is already your career or you want it to be career called Career Path. I think Jill, you got a class coming up, right?
Speaker 2:
And by the way, October 12th, as this launches we are 10 days out. I may still have slots for recording, I do. As of, when this is releasing, I'm not sure. But if this is something that you really think about, please schedule a call with me and you could actually schedule a call with me. Just go to landacademy.com/careerpath, scroll down and there's a spot to click on and schedule a call and I'll call you. If you think, "Ah, shoot. You know what Jill? I think this is the direction we're going. I think I'm ready for it or I just don't want to wait that long to get ramped up. I got this. How fast can I get to your level?" That's who Career Path is for and I will happily have a chat with you and even Jack too.
Speaker 1:
Or, "Haha, we passed you guys a long time ago, but we could use your advice."
Speaker 2:
Oh, not usually that, but that's okay. Anyway, just to click on that, schedule a call and I'll have a chat with you and we'll figure it out. So, thank you. All right, so back to the question Kim wrote, "I have a purchase agreement signed and there are three owners. The seller I'm talking has stated he has talked with ma...
