Simplifying Your Acquisition Process (1069)
Transcript:
Steven Butala: Steve and Jill here.
Jill DeWit: Good day.
Steven Butala: Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala.
Jill DeWit: And Jill DeWitt, broadcasting from sunny Southern California.
Steven Butala: Today Jill and I talk about simplifying your acquisition process. Seems like a silly little topic, but who doesn't want stuff to be more simple?
Jill DeWit: I agree. I want to have more of a conversation. Is that okay?
Steven Butala: Yeah.
Jill DeWit: I'm just kind of changing it up right now, because I know we talked about that, so, thank you. Yeah, who does not want things to be more simple? I agree.
Steven Butala: Before we get into the topic, and before I make a butthead out of myself talking about marriage and stuff like that, let's take a question posted by one of our members on the landinvestors.com online community. It's free.
Jill DeWit: All right. James asked, "I'm thinking of buying a few 40 acre parcels surrounded by BLM land. I went to check out the properties. There's dirt paths that lead to them, but there are signs that say no motorized vehicles. Has anyone tried to get permission from the BLM to drive over these trails? Not sure if I should offer a really low price for these, or just not even do the deal."
Steven Butala: Okay, so this is a great question. It's something I've run into personally, not super, super recently, but I've also talked to some of the advanced Land Academy members, and they've run into it also. This is, for sure, an attribute to this property. It's not a bad thing. It makes the properties that you're looking at incredibly unique. So on the onset of it, especially if you're brand new at this, you're like, "Wait a minute, I can't take a car into my property?" As Jill knows, and most of the ... if you've done a few deals or have some experience, there's people that want to buy rural, vacant land to just get away from it all in the craziest possible way. The more creative you are about satisfying what they want from a customer standpoint, the more successful you're going to be.
Steven Butala: What you need to do though is contact the BLM to get like a hundred year ingress-egress rights. Hopefully the person before you, the seller, has done that. We all know working with the government's pretty tough and frustrating. But I'll tell you my personal experience with getting a least easement, I'm not exactly sure what the ... I think it's just ingress-egress. Least ingress-egress is ridiculously simple with the BLM and very cheap. It's like you can get like a 99 year lease.
Jill DeWit: Okay. So I have a couple things to say.
Steven Butala: Jill's just-
Jill DeWit: I'm just letting you go, and then I want to say-
Steven Butala: When do you not let me ... just let him go. Let him go.
Jill DeWit: I know. I always just let you go. Let him go.
Steven Butala: Eventually he'll be done.
Jill DeWit: Exactly. Okay. That's all beautiful, Steven. That's the legal way to do it. I have a couple things to say. First of all, why aren't you just checking out the property? Isn't it a whole lot easier to ask for forgiveness instead of permission?
Steven Butala: You know what, that's the reality of it.
Jill DeWit: So do I really want to draw some attention to the fact that I'm even out there in the beginning? Heck no. Am I going to sneak out there and do what I need to do? Yeah. Just to check it out. Oh yes. All day.