Monday Deal Review 40 Acre WonderLand
Jack Butala: Monday Deal Review 40 Acre WonderLand. 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: Jack Butala with Jill DeWit.
Jill DeWit: Hello.
Jack Butala: Welcome to this show. Cash Flow from Land. In this episode Jill and I talk about, like every Monday, our Monday Deal Review. In this case it's a 40 acre wonderland. Great show today Jill. Let's take a question before we get into it. Posted by one of our members on successplant.com, our free online community.
Jill DeWit: Cool. All right. Joe asked, "Hey everyone. I was thinking about this strategy. Wouldn't it make more sense to target property that has more value and higher sales comps?" Here's his thinking. "This way your spread will hypothetically be larger and you can do this all on an option kind of a deal so you're not really using your own money. Like it? To me it makes more sense to do a few deals like this rather than hundreds of small deals." I know you're going to love this Jack. "Has anyone done this with success? I'd like to hop on a Skype call to further discuss with anyone."
I sent Joe a little note so he knows we're discussing it here. You know what's funny? I sent Joe a little note and he already wrote me back saying "Yay great I can't wait to hear it." Hi Joe. I know you're listening.
Jack Butala: Awesome question Joe. The answer's yes. Today's topic is Monday Deal Review. Wouldn't that be funny? Wouldn't that be awesome if I could shut up and do the show properly?
Jill DeWit: Has anyone ever done it? Yep. Sure have. Okay. Moving on. Poor Joe's like what, what, what? Wait.
Jack Butala: Hey. Kudos man. You're thinking out of the box and that's what this whole program, our Cash Flow from Land program and this whole membership deal is all about teaching you how to think, leading you to the water, showing you how to drink, and then walking away so you can do it forever. Yes. The answer's yes.
Jill DeWit: Drink forever. I drink heavily.
Jack Butala: To directly answer your questions, you have to ask yourself which situation you're in. If you have $500 allocated for this whole business model, that's fine. Spend 500 bucks, double it, 1,000, double it, 2,000, 4,000, 8,000, 16,000. If you have a rich Uncle Skeleton, that's the name of a band when I was growing up. Rich Uncle Skeleton.
Jill DeWit: Cool.
Jack Butala: Like a rockabilly band. Anyway. If you have a rich Uncle Skeleton and he's allocating 17 million bucks for acquisitions, then your way's better. In fact I would even suggest that you move straight into something extremely large like ranches or apartment buildings. If you're like the rest of us who are somewhere in between, you do both.
It's all about, for me, putting a machine in place and then throwing a bunch of products in there that make a lot of money. We have a ton of members who, Seth Williams is like this, a ton of members who their whole goal is to do one deal a month and make 10,000 bucks. Frankly that's what Jill and I do with houses, not with land. At the end of the year, we do it a lot more often than once a month, but at the end of the year if you do one deal a month and you just got a regular job and you're working on the weekends doing this stuff, you're going to make 120,000 bucks on the side. Not working a lot of hours.
Yes it does make sense. It sounds like to me this makes sense to you so I would recommend it. We have a member who buys canal lots in Florida in a $3-400,000 retail value. Just for the lots, not anything built on it. He buys them for 200 and sells them for three. Makes $100,000 a deal. He sells medical devices, that's his real job. He's killing it.
He bought our program and his whole concept was this.