Personal Career Advice from Steven and Jill (LA 1437)Transcript:Steven Butala:Steve and Jill here.Jill DeWit:Howdy.Steven Butala:Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala.Jill DeWit:And I'm Jill Dewit, broadcasting from awesome western southern Arizona, not western as in western southern, I mean kind of western cowyboyish around here.Steven Butala:Yeah. I think it's central Arizona, don't you?Jill DeWit:I don't know. I would say southern, I don't know. Because I can drive to the border in a couple of hours, so that's why I feel like it's southern. So I don't know.Steven Butala:Today, Jill and I talk about your personal career advice from both Jill and I.Jill DeWit:Now I took this a little bit career and because I heard personal, so I put career and like a life advice. I came up with three-Steven Butala:That's how I feel too.Jill DeWit:Okay, good. Because it always does tie together.Steven Butala:Professional career advice would be something like ...Jill DeWit:Get a recruiter.Steven Butala:Don't wear high tops.Jill DeWit:Don't wear high tops?Steven Butala:Yeah, it's work.Jill DeWit:Would you ever? Do you own? Have you ever owned?Steven Butala:Yeah, I'm sure I did.Jill DeWit:Really?Steven Butala:Yeah.Jill DeWit:I never did.Steven Butala:Not like the ones that the kids wear now.Jill DeWit:Okay. The kids.Steven Butala:Not the $500 ones, I'll tell you that.Jill DeWit:Okay.Steven Butala:Before we get into it, let's take a question posted by one of our members on the landinvestors.com online community, it's free.Jill DeWit:And by the way, if you are a Land Academy member, check us out. You can reach us on Discord to.Jill DeWit:Kevin wrote, "Hello, land investors. My name is Kevin, I live in New Jersey, about 20 minutes outside of New York City. I currently own two single family homes and properties. Here it's expensive, but can be found if you look hard enough. We purchased our investment property for $160,000, put $40,000 into rehab and did a cash out refinance at $200,000. Our tenants pay $2,100 a month, which gives us, excuse me, cashflow of about $250 a month and the house is valued at $350,000."Steven Butala:That's a good start.Jill DeWit:This is great, "Our personal property costs $260,000 and it's valued at $325,000 currently, although we're in the process of fixing it up to force value. Taxes in this area are killer, with it being over $6,000 on each of the properties." I'm sure that's a year.Steven Butala:New Jersey has the worst taxes, highest tax rate in the country.Jill DeWit:Worse than California?Steven Butala:Yeah, by far.Jill DeWit:Got it. Okay. "We want to continue to buy and hold properties, but it requires a good amount of cash on homes in this area. We're not quite at the point of feeling comfortable investing in buy and hold properties out of state. After hearing about the podcast through a book and listening to Steve and Jill, I believe buying and selling land will give us a cash infusion we need to further our long-term goals." This is great.Steven Butala:Boy, whoever you guys are, you're smart.Jill DeWit:"Right now, my biggest question is to figure out where do we begin with my mailers. The U.S. Is a large place, lol." That's true.Steven Butala:All right. So you're smart and you understand real estate. That's the good news, Here's the bad news. We're going to have to undo a little bit of this. I hope you don't deal with the real estate agents. I almost want to say Kevin, that you might want to take a look at a, we have another product that Jill and I never talk about called House Academy. If you go to house academy.com and take a look around there, it's going to really sing to you. These properties that you can successfully clearly renovate, you need to be finding them cheaper. So imagine this $160,000 hot property, you bought it for 80,000 and put 40 in that cap rate at $2,100 a month is fantastic. So you're on the right track,