Little Old Lady From Pasadena
Jack Butala: Little Old Lady From Pasadena. Every Single month we give away a property for free. It's super simple to qualify. Two simple steps. Leave us your feedback for this podcast on iTunes and number two, get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening.
Jack Butala: Welcome to Land Academy, this is the cash flow from land show, where we show you how to buy unwanted vacant land and sell it for more on the internet. I'm Jack Butala.
Jill DeWit: I'm Jill DeWit. We are your hosts.
Jack Butala: With over 15,000 completed transactions, we are the experts in this nichy land flipping business.
Jill DeWit: We hold a drawing to win a free property every month. Enter to win by reviewing this show on iTunes, and downloading our free e-book at landacademy.com. All right, let's get this show started.
Jack Butala: Jack Butala here for the land academy, welcome to our cash flow from land show. In this episode, Jill and I talk about how Jill is helping a little old lady in Pasadena prepare her estate. Jill, you can't make this stuff up. I titled it like this because I know you like the Beach Boys.
Jill DeWit: It is a little old lady from Pasadena too, and I love the Beach Boys.
Jack Butala: For all of you young listeners out there, there's a song out there by ... Well, you don't care. Hey, as always, I can't wait to talk about this, but before we do, let's take a question.
Jill DeWit: Sure, okay. We have a question from a caller, Robert from San Francisco asks, when do I need title insurance?
Jack Butala: Oh, that's a good question and it comes up all the time. Hey, if you want to be on this show and you want to have us read your question or actually even be on the show, call 888-735-5045, and we'll listen to your message and give you a call back, and talk a little bit more. If you're funny, we'll have you on the show. If you sound like Eeyore, we'll probably just read it. Sorry, Robert from San Francisco.
Jill DeWit: Answer the question, Steven. Answer the question, Claire. I have something to say about that too, go ahead.
Jack Butala: When do you need title insurance? Well, the hard and fast rule cutting to the super chase for us is if we buy an asset for more than about $4,000-$5,000, we almost always get title insurance. The reason is, not because we are concerned, but it's more because when we go to sell it, it just makes regular buyers, especially retail buyers, more comfortable. When do you need, need, need title insurance, without what I just said? When you're buying a house, when you're spending a lot of money, when there's any question in your mind that there may not be a clean title, but the way that we do it and the way that we teach it and all of our members do it, there's pretty much no ... I mean, there's not no question, but your risk is so low you kind of act as your own title agent/escrow agent, because you check to see who owned it and who owns it, and that's what we teach.
Jill DeWit: Do your own due diligence.
Jack Butala: Be a very informed buyer.
Jill DeWit: You are a very informed buyer, that's exactly right.
Jack Butala: We show you exactly how to do it, and we provide the tools. We have a product called Data to Doorstep, where you get all the data to send mailers out, and it's literally an ongoing, constantly replenishing database that First American Title, among many other customers, uses to write title policies, so we're literally getting the exact same, and so are our members, our Data to Doorstep members. Getting the exact same data that escrow and title agents...