Sleeping Under Our Desks this Week
Jack Butala: Sleeping Under Our Desks this Week. 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: Hey, Jack Butala here for LandAcademy. Welcome to our Cash Flow From Land show. In this episode, Jill and I talk about how we've slept under our desks for about a week during our new product launch, Data to Doorstep. Jill, I haven't done this since public accounting. It was brutal, but I think it's worth it in the end. A lot of people have signed up for the program, and I'm sure that they're ... As they did before, you're going to see the rewards in all this. I'm going to say it's probably not been one of your best weeks either.
Jill DeWit: Can you tell by the circles under my eyes?
Jack Butala: Before we get into this, let's take a question from a caller. Go ahead, Jill.
Jill DeWit: Okay. Jackie from Sacramento called in and asked "I have a seller who answered my offer but he has 17 lots and I only want one. I don't want these properties to go to waste. What should I do?" Steve ...
Jack Butala: What would you do?
Jill DeWit: Oh, gosh. I'd keep ... I would ... He has 17. If I really only want one, I might only buy one. If it's a question of I don't have the right cash now, I ... That's my reasoning, I'd find a way. I'd work it out. There's always ways of happening. There's always ways of doing it. Cash should never hold you back is my answer.
Jack Butala: Yeah, you never want to ... That's my answer, too. You never want an acquisition, a good acquisition, to go to waste because of money.
Jill DeWit: Because that's silly.
Jack Butala: There's so many people out there that are ready to buy property ... They have way more money than they do opportunities.
Jill DeWit: Mm-hmm (affirmative).
Jack Butala: This is a good question because as a member pro here at LandAcademy, we have what's called a deal board on our website, on SuccessPlant.com. You can post these kind of opportunities and say hey. You can describe the situation exactly like she did. Just you simply post it on the board and say "I've got these other lots." Then all of our other members, our hundreds of hundreds of members can take a look at the deal. Without disclosing the person's name or anything like that. Decide if they want a partnership or how they want to work it out. It's been going great so far, the deal board. That's a great way to use that. If she's not a pro member ...
Jill DeWit: I would do ... I would do an auctions.
Jack Butala: Option it, that's what I was going to say. Go ahead.
Jill DeWit: I was going to say, you have two ways. You can A, find a buyer. That's not hard. B, option it, start selling them, work out an agreement with the person. Start selling them on your website and all of your venues by signing an agreement and all that good stuff where you negotiate the price or the deal board.
Jack Butala: If you don't know what an option is, it's really simple. You say "Hey, seller. I only want one property. Here's your cash. It's great. Now I have-" Whatever she has. "16 or 17 other lots. What I'd like to do is just say look, I'm going to market these properties for X price, or not even disclose a price. I want to buy your lots, but it's going to take me about 60 days to do it, and I need to find a buyer. If you're not in a super hurry, let's do a little single one-page agreement.