Sources of Investment Capital for Land Acquisitions (LA 712)
Transcript:
Steven Butala: Steve and Jill here.
Jill DeWit: Hi.
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 sunny Southern California.
Steven Butala: Today, Jill and I talk about the sources of investment capital for land acquisitions. You don't necessarily have to have your own money.
Jill DeWit: A rich uncle.
Steven Butala: You don't have to have your own money to do this. In fact, I have a saying that goes like this, "Never, ever let a good acquisition go to waste, especially if you don't have the money." Because everybody in our group, go poke around for free on LandInvestors.com. You'll find some guys that'll love to share in your profitability, your real estate. They lurk there. They love it.
Jill DeWit: Mm-hmm (affirmative). What I meant too, was when I said, "rich uncle," you don't have to have a rich uncle.
Steven Butala: It helps though.
Jill DeWit: And actually ... But you know what's so funny? There's a lot of people that I know, they'll think, "Oh, I can never get in the game because I don't have any money."
Steven Butala: You know, it just occurred to me that we are somebody's rich aunt and uncle, a couple people.
Jill DeWit: We are. That's very true.
Steven Butala: If my niece or nephew came to me and said ...
Jill DeWit: I need for money for x.
Steven Butala: "I need some money. Look at this deal."
Jill DeWit: I'd be like ...
Steven Butala: "And you can't lose on this thing. We'll just sell it immediately."
Jill DeWit: Yep, we'd be in.
Steven Butala: I'd be, "Sign me up."
Jill DeWit: Exactly.
Steven Butala: Plus, it'd be fun.
Jill DeWit: Totally.
Steven Butala: It's fun to watch little kids be successful. Before we get into it, let's take a question, posted by one of our members on the LandAcademy.com online community. It's free.
Jill DeWit: It's better than watching little kids fall down.
Steven Butala: I mean, little kids like 22-year-olds.
Jill DeWit: All right, thank you. All right, Luke asks, "Hey, all. I'd love to hear ideas and input on whether to offer refund/money back guarantees. Do you guys do that?" I used to. But when you get a number of people taking advantage of it, it really sucks.
Steven Butala: Here's what we do, we don't post it anywhere, this is for land only, not for houses, not for Land Academy, not for House Academy, not for Parcel Fact, not for all the services we provide, I'm talking about land sales only. We offer, like a diamond dealer does, an unconditional no questions asked, money back guaranty lifelong, but we publish what I just said no where. We don't give anybody a reason to go look it up and say, "Yeah, you know what? It turns out I need to that $10,000 that I bought for this property 10 years ago from these guys." If they go to look it up, they're not gonna find it anywhere. But I'll tell you this, all the problems that arise from the Department of Real Estate in any state or county, they're all complaint driven. They don't have police officers driving around seeing if you're complying. They only respond to problems. And problems start where there's money involved.
Jill DeWit: And unhappy people...