Land Tank: Shark Tank for Land Investors.
Transcript:
Jack Butala: Jack Butala with Jill DeWit
Jill DeWit: Hi.
Jack Butala: Welcome to our show today in this episode Jill and I talk about Land Tank ... it's shark tank for land investors. Before we get into it, let's take a question posted by one of our members on land investors dot com online community, its free!
Jill DeWit: OK
Chuck ask, "I just ran into this on my latest large data download. Ouch. About 90% of the results in the data set had mobile homes on the parcels with zero percent improvement identified in the filter. From now on I will be checking a few APN on the county GIS before downloading.
Jack Butala: Ding, Ding, you don't get burned twice on this stuff.
Jill DeWit: Yes, this is true. You should only make this once.
This is the first time I have gotten stung after downloading boat loads of data from previous mailers, lesson learned. That's true. What I love is this is the beauty of success plan, a few people have chimed in here and I'm going to read some of their responses.
Jack Butala: It's a forum.
Jill DeWit: Uh, hum. So, Eric added "You know in most states mobile homes are treated the same as cars, not considered real estate. They are registered like cars and are not considered attached to the land thus not an improvement."
Jack Butala: I'm going to repurpose a blog that I wrote a really long time ago and make it available on this pod cast ... in the notes area of this pod cast, in all 50 states how mobile homes are treated.
Jill DeWit: OK
Jack Butala: Because he's right, some are treated like cars, some are personal property, some are actually real estates, very few.
Jill DeWit: Exactly, to me, I'm going to give a couple more comments here, Luke chimed in and said "I have seen that in some New Mexico counties. Can you start by the access value or the taxes or some other data there to see if the vacant or mostly vacant stuff comes to the surface of the data. Just skim the top of the list and mail them instead of mailing all the houses unless you are trying to buy houses." That's all another thing, too.
And then the last thing he added is, "Or sort by bedrooms or square foot and cut off the ones that have house data." All good tips.
Jack Butala: This is why Luke is making six digits a month doing this ... High six digits I might add, probably more. That's what he'll admit to. We see how much data he pulls and we see what he sells on land p[inaudible 00:02:28] And its staggering.
Jill DeWit: Right.
Jack Butala: That is exactly, 100 percent correct, Luke. You have to look at this data creatively. Just like Kathleen yesterday. Look at the data creatively and make it work to your benefit.
Jill DeWit: Exactly.
Jack Butala: You know, the first thing I would start thinking about is "Hold on a second, this county is all mobiles? And I got a mobile list? Now I have a mobile list everybody?"
Jill DeWit: I'm really happy with that. [crosstalk 00:02:59] I'm like "Hold on a moment everyone. Exactly, this is not a bad thing.
Jack Butala: Now I'm going to start selling some mobile homes.
Jill DeWit: The same people who buy land, rule vacant land by mobile homes. Trust me, I know this from decades of experience. If you mix some of those in you are going to do great.
Jack Butala: Man!
Jill DeWit: I love buying and selling mobile homes.