Offers Academy is Not Just for Land
Jack Butala: Offers Academy is Not Just for Land. Leave us your feedback for this podcast on iTunes and get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening.
Jack Butala: Welcome to Land Academy. I'm Jack Butala.
Jill DeWit: I'm Jill DeWit.
Jack Butala: We show you how to buy real estate for half of what it's worth ...
Jill DeWit: ... and sell it on the Internet really fast. We are Jack and Jill and this is the Jack and Jill Show Two.
Jack Butala: We are Jack and Jill and this is the Jack and Jill Show Two. With over 15,000 completed transactions, we're the experts at acquiring property ...
Jill DeWit: ... of all kinds, not just land ...
Jack Butala: ... for half price, and flipping them for way more.
Jill DeWit: All right. Let's get this show started.
Jack Butala: Jack Butala with Jill DeWit.
Jill DeWit: Happy Monday.
Jack Butala: Welcome to our show today. In this episode, Jill and I talk about Offers Academy. It's not just for land. Jill and I have been kicking this idea around for a long time. It was actually Jill's idea.
Jill DeWit: Thanks.
Jack Butala: Before we get into it, let's take a question posted by one of our members on the LandAcademy.com online community.
Jill DeWit: Okay. Claire asks, "I received a response from someone who got my letter. He owns eight lots, all in different states. I'm researching each one right now to come up with an offer for all. My question is, what is the best way to go about buying all of these lots? Would closing with title insurance help this?"
Jack Butala: This is a great question. Claire is one of our original members. She's been with us for years. She's doing really, really, really well, so congratulations on that. She's used this program to her dramatic benefit. I'm proud of her, quite honestly. She's got a couple little kids at home and her husband's, I think, an engineer. She's an engineer also, but she's staying at home with the kids during their early years and making good use of her time. Her whole goal was to get the husband to, eventually, when the kids get school age ...
Jill DeWit: ... work with her and retire from the day job.
Jack Butala: Yeah, exactly.
Jill DeWit: Exactly. Mm-hmm (affirmative).
Jack Butala: I haven't spoken with her directly recently. Have you, Jill?
Jill DeWit: No, I haven't.
Jack Butala: I'm wondering if that's all on track.
Jill DeWit: No, it's kind of normal. It's like once people get off and running and they're busy doing deals we don't hear from them as much. That's partially why.
Jack Butala: Jill and I have done many deals like this. The one's that we've done together, we pick and choose the properties out of the ... Let's say for the sake of argument, this is a transaction deal, eight lots. We pick the properties that we think should have title insurance, and then we would close them with a local escrow agent or escrow company there. You have a few options. What's the easiest way? These are not the simplest types of transactions. If they're properties that are all exceeding $5,000 per unit, I would actually close them all with separate title companies that are local. Or you could call a national company like First American. I think she's in southern California, isn't she?
Jill DeWit: Mm-hmm (affirmative). Northern.
Jack Butala: Yeah, so I would find a company like First American, an agent there, and I would walk in or call them and say, "These are in eight separate ... Do you guys have offices in these areas and can you help us?"
Jill DeWit: Yeah, and have one person kind of overseeing it all.
Jack Butala: Yes.
Jill DeWit: Yeah, we did it in the past, too when they were smaller parcels and we bought them, we just kind of negotiated and had each transaction ready to go, each deed ready to go, had one notary doing everything at one time, and then we sent them in separately for recordin...