State of Land Investment Education Online (LA 1369)
Transcript:
Steven Butala:
Steve and Jill here.
Jill DeWit:
Howdy.
Steven Butala:
Welcome to the Land Academy Show, entertaining real estate investment talk. I'm Steven Jack Butala.
Jill DeWit:
I'm Jill DeWit broadcasting from sunny Southern California.
Steven Butala:
Today, Jill and I talk about the state of land, investment education out there online. Jill's like, what the heck is this about? It's shocking to see how many experts about buying and selling land there are out there lately.
Jill DeWit:
I know. I bet we've created about 99.9% of them.
Steven Butala:
I'm sure of it.
Jill DeWit:
Maybe 100% of them.
Steven Butala:
It's not just land its everything.
Jill DeWit:
Right.
Steven Butala:
It's just amazing how the internet obviously, is still super new. Facebook started in what? 2009? Not started, but became a thing?
Jill DeWit:
Mm-hmm (affirmative).
Steven Butala:
Eight or nine-ish, I think. So it's not 10 years old, and it's just amazing that-
Jill DeWit:
YouTube.
Steven Butala:
... it taps into like [crosstalk 00:01:00]. It just taps into some kind of some certain personality types, just their need to not only express their opinion, but be an expert on something when they're not. I'm not complaining, I think it's funny, I really do.
Jill DeWit:
The only thing that's kind of frustrating, it's kind of like, we've been watching the news a lot the last... For the last several weeks, we've all been watching a lot of news, right? Because of the obvious things going on. It's funny how many there looks like seemingly 19 year olds talking about elections and history. I'm like, "What do you mean the last election when you were in middle school?" I have a real hard time swallowing that one, but it's [crosstalk 00:01:47] funny.
Steven Butala:
I understand that. You know what? Let's take a question and then we'll talk about it.
Jill DeWit:
Okay.
Steven Butala:
I understand the issue is we have a niche company. A bunch of niche companies, actually, but it's just funny when... I understand a new station being niche for people under 25.
Jill DeWit:
Yeah.
Steven Butala:
I have no issues with that, but when it starts to really seriously creep into the mainstream and it's just funny. Before we get into it, let's take a question posted by one of the members, our members on the landinvestors.com online community. It's free.
Jill DeWit:
Lucas wrote, "I want to share with everyone my thoughts on my current state with my land business, mostly just to get stuff off my chest. I love it. I haven't posted in a while because it's been a roll in of activity." Okay, usually that's a good thing.
Steven Butala:
Yeah.
Jill DeWit:
It's cool. "First the Land Academy support emails have been perfectly timed. I just got the week five email Sellers Calling Back, which covers handling inbound calls and hate. I've been amazed at the timing of these emails." Thank you very much. I would like to take some credit for that. "They come into my inbox almost to the day, that is relevant for me. This has a huge boost because it tells me that I'm on the right track with where I should be. Moving along quickly, but not too quickly. My first week of inbound calls has resulted in numerous emails and roughly two dozen calls. About half of those have been hate, which has been awful to deal with."
Steven Butala:
Yep.
Jill DeWit:
"Between email and phone, probably 12 sellers interested in accepted offers. I'm finding that my offers made sense from comp to comp standpoint, but I really didn't factor in the rate of sales in that area. So I may not be able to sell as quickly as hoped. Also, learning a lot about the variance that can be seen between zip codes within a given county. In future mailers that will be definitely a big part of my pricing process. Simply overwhelmed with all these calls coming in over the last week, I just can't process them fast enough."
Steven Butala:
Good for you.