Leave Your Land Alone (ReAir LA 785)
Transcript:
Steven Butala: ... Jill here.
Jill DeWit: Hi.
Steven Butala: Sorry, hi, Steve & Jill. Welcome to the Land Academy show, entertaining land investment talk. I'm Steven Jack Butala.
Jill DeWit: And I'm Jill DeWit, broadcasting from sunny southern California.
Steven Butala: Today, Jill and I talk about leaving your land alone. We've been talking about her all week.
Jill DeWit: There's a lot of things I'd like to ... just leave it alone. I feel like I say it a lot.
Steven Butala: Yeah, why do we as people have to mess with stuff, you know?
Jill DeWit: That's true, and get our hands all up in everything. Leave it alone.
Steven Butala: I bet that's been going on since the beginning of time.
Jill DeWit: I'm sure it has.
Steven Butala: I more than anybody love the concept of messing with stuff to improve it, or constantly moving forward, or you know-
Jill DeWit: It's true.
Steven Butala: For me it's all data driving. Finding better ways to analyze data to make decisions and stuff.
Jill DeWit: That's true.
Steven Butala: But actually physically changing a property, like a contractor does or a developer does, and I understand all that, too. The world needs people like that, for sure.
Jill DeWit: There's a ton-
Steven Butala: I'm just not one of those people and I think if you're gonna maximize money, you know, for us at this level, there's no better way for us to maximize money than what we do.
Jill DeWit: I agree.
Steven Butala: You know-
Jill DeWit: I was gonna say, the whole point to me about leaving it alone is you already won, so why mess with it? You bought it at the right price, that's when you know. You should buy these assets knowing that if I do nothing, it's just gonna be fine.
Steven Butala: We're all in the business of creating equity, right? You know what, before we get into it, lets take a question from one of the members in the Land Ambassadors online community, it's free.
Jill DeWit: Brandon asks, "In our last mailer campaign, I suppose some properties zoned for multi-family were included and someone just signed an offer and sent it back-"
Steven Butala: Good.
Jill DeWit: "... to buy their multi-family zoned vacant land in a city for 8 grand."
Steven Butala: That's what we're in the business here for.
Jill DeWit: What?
Steven Butala: I love how this is going.
Jill DeWit: "The property across the street, also vacant, is asking $50,000. The market in this area is fairly hot and we've sold property in this subdivision before, but not multi-family.”
Steven Butala: This is good stuff.
Jill DeWit: "However, the town is currently embroiled in a lawsuit against the city or department of water resources over the prohibition of drilling new wells. I'm quite certain, though, based on city planning maps, that this property has access to public water lines. I've called the water company several times in the past, but they're never helpful with vacant land.” No kidding.
Jill DeWit: “They won't tell me if they service a particular area. Only if they service an address that already has a house on it. So my question is, is this a run to the bank situation?”
Steven Butala: Yes.
Jill DeWit: "Or are there troubles buying mul...