The Role of Research in Land Investing (LA 1845)
Transcript:
Steven Jack Butala:
Steve and Jill here.
Jill K DeWit:
Hi.
Steven Jack Butala:
Welcome to the Land Academy Show Entertaining Real Estate Investment Talk. I'm Steven Jack Butala.
Jill K DeWit:
And I'm Jill DeWit, broadcasting from the valley of the sun.
Steven Jack Butala:
Today, Jill and I talk about the role of research in land investing and it's not a minor role. Like I said yesterday, we just are in the information age, literally. And there's not a topic I've ever couldn't find any content or reviews on on the internet about anything to make a really well informed decision.
Jill K DeWit:
Let me give you some truth here about Jack.
Steven Jack Butala:
Let's do the show first.
Jill K DeWit:
No, no, no. This ties into this. Give me just a second here. One of the lovely things about our relationship, the ying and the yang.
Steven Jack Butala:
One of the lovely things.
Jill K DeWit:
Lovely. No, it is actually. This is a good thing.
Steven Jack Butala:
Not one of the horrific things.
Jill K DeWit:
No, I'll talk about that later. So the lovely things is you are research nut. You dig in and research like no one I've ever known. And want to know what's great about that is I hate research. Can't stand it.
Steven Jack Butala:
Really?
Jill K DeWit:
Oh, yeah. Oh, no. No, I
Steven Jack Butala:
How could you hate research?
Jill K DeWit:
Well, because I'm not because I'd rather be off doing something fun. I don't want to sit and make sure I'm doing the, pick the right one. I'm like, yeah, pick it. Let's just go. Let's have some fun. No, but you're like, no, we need to look at this. I need to think about that. I need to check this and weigh against that. I need to pull these reports and I need to make sure. So this is all ending in a positive. It may not still like it, but what's great is no matter what it is when you finally come to me with something and say, "I think we should pull the trigger. I think this is a good idea." I don't have to worry about it. Because I know you put in 10 to 20 times more research than I would've.
Steven Jack Butala:
That's necessary. Probably 10 to 20 times more. But then I know.
Jill K DeWit:
Yeah. And welcome to land academy. That's like buying property. So I, trust me. I adopt it there and there I do it. I do it quicker. Well, not necessarily. We're both really fast about it, but I know what to look for to pick a property and if I'm not sure about it, if needs more research or something, we're going to find out. I'm not going to make a knee jerk decision. So thank you.
Steven Jack Butala:
I'm in a lifelong professional and interpersonal relationship with a salesperson. Think about that.
Jill K DeWit:
What was that all for?
Steven Jack Butala:
Send me a note. Send me an empathetic or sympathetic note.
Jill K DeWit:
What? What was that for?
Steven Jack Butala:
She wants to have fun. She doesn't really care if there's any math or money involved.
Jill K DeWit:
Nope.
Steven Jack Butala:
Her answer to all money questions is if it costs more, then I'll just sell-
Jill K DeWit:
Must be better.
Steven Jack Butala:
Then I'll just sell more.
Jill K DeWit:
Oh, that too. That's right. No problem.
Steven Jack Butala:
I would much rather have this much larger diamond and next month I'll just sell three times as much and it'll be fine. And the problem with that is she has a long history of accomplishing that.
Jill K DeWit:
It works. [inaudible 00:03:06].
Steven Jack Butala:
So now I'm in this impossible position where I just pretty much can't ever say no because every time I've ever done it, she just proves me wrong. This is a show.
Jill K DeWit:
You're welcome.
Steven Jack Butala:
Before we get into it, just a question posted by one of our members on the land investors.com online community it's free. Last year, a ton of land academy members came to Jill and I needing extra help getting their blind offer campaigns off to a goo...