Real Estate Data Dash Board for Land Investment (LA 1358)
Transcript:
Steven Jack Butala:
Steve and Jill here.
Jill DeWit:
Hi.
Steven Jack 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 extraordinary, beautiful Park City, Utah.
Steven Jack Butala:
Today, Jill and I talk about the real estate dashboard for land investment that I'm developing. 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:
You're just excited to get right to the show.
Steven Jack Butala:
Yeah. I am, actually.
Jill DeWit:
You just jumped right in. You're like, we're just going to get to it. Okay. I'll get there. All right. So it looks like I have a question. And then I have, one response? Or do I have more than one response?
Steven Jack Butala:
Just one response, and then-
Jill DeWit:
Okay, cool.
Steven Jack Butala:
I wouldn't put it in there if it wasn't super pertinent.
Jill DeWit:
All right. I trust you with everything.
Steven Jack Butala:
Wow. That's good to know.
Jill DeWit:
And Jesse wrote-
Steven Jack Butala:
I don't believe you, but it's good to know. It's good to hear, at least in front of the camera.
Jill DeWit:
That's good. I was kind of being sarcastic. You took it seriously. I'm going to let you run with it. All right. Jesse wrote, in Land Academy. 1.0, video number three, thank you, Jesse. This is so cool. There's an explanation of equity planner. Love it. However, there are holes in explaining the spreadsheet and where to find the data in Redfin. The columns do not match up with realtor.com either. Has there been an update to this video? Because I'm a beginner, I'm trying to get my first mailer out and I'm stuck in a major way.
Well, Dear Joseph wrote, Hello, Jesse. Not sure if you've already figured this out. I was having the same issue recently. The video was filmed in January, 2019. I found that there were several additional columns in that data, in realtor data in its current form. If you erase the medium listing per square foot, total, YY/MM columns and the median square foot total, year over year, month over month.
Those are those. What that is. It will match up with a spreadsheet. Also, there are two additional columns in the equity spreadsheet that are not on the realtor.com spreadsheet, the Nielsen rank, and footnote that you will need to erase before the numbers match up. Thank you, Joseph. This is kind of like our question the other day too. Could you imagine, I'm trying to think, I mean, think of college and high school, any textbook, you can't, you couldn't think of a textbook written about the earth and all of the global warming changes that are happening, right? I'm sorry. Am I stepping on your toes?
Steven Jack Butala:
We live in this world right now, this YouTube like world where if you do not know how to change a light bulb and you go onto YouTube, there will be videos for you to choose from on how to change the light bulb, how to change the 30 watt light bulb, 60 watt light bulb, how to change a incandescent lamp, how to change a headlamp on a Lexus, and the year of the Lexus. And it gives you step-by-step instructions. And so we, but that's not learning anything. That's just repeating what somebody else has did, and getting it done. If you ever went to high school or college and you learned math back then, or anything else it's changed since you've learned it.
Jill DeWit:
That's what I was trying to say.
Steven Jack Butala:
So this has become a real topic for my staff. And I'm trying to drive this point home. This is not, this business that we're in is incredibly profitable. Jill and I live in a mansion on the beach in California because of this because of buying and selling land. And it didn't happen because I looked up a few of YouTube videos or signed up for a place that something like this,
