Why Land Academy Advanced Group is Free (1073)
Transcript:
Steve Butala: Steve and Jill here.
Jill DeWit: Hi.
Steve 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.
Steve Butala: Today, Jill and I talk about why the Land Academy Advanced Group is free. The Land Academy Advanced Group ...
Jill DeWit: Is free.
Steve Butala: Is a group of knuckleheads. I think there's about 12 to 15 of us, ish, that we have chosen because they've been with us for a long time. Some of them have been with us only a very short amount of time, but we can see because they pull data out through our subscription, how much mail they're pulling, how much they're using offers to-
Jill DeWit: Don't give too much away.
Steve Butala: Really?
Jill DeWit: Yeah, for the meat of the show.
Steve Butala: Oh. So I mean we don't choose them, they choose themselves. It's just based on their activities, that's my point. But they're just constantly outperforming each other. We all are. And there's a special call. So we'll explain about why it's free and what the whole point is in the meat of the show. But we have an advanced group and it's I guess 15 of us, and it's a pleasure for me to be involved in that group.
Jill DeWit: Well, let's save it for the show.
Steve Butala: Before we get into it, let's take a question posted by one of our members on the landinvestors.com online community. It's free.
Jill DeWit: Allan wrote, I'm working on my next mailer and I noticed that at the end of about 500 of the legal descriptions, it says potential additional tax liability. For example, township, range, sec, tract, acres, 35.14, potential additional tax liability.
Steve Butala: That's what he's talking about, that sentence at the end there.
Jill DeWit: That sentence at the end.
Steve Butala: Potential additional tax liability.
Jill DeWit: Besides the obvious, this could mean just about anything. Barring a unproductive call to the County, has anyone come across this before? Did you still mail those parcels? I saw it when I was spot checking my mail merge and it made the legal description on the purchase agreement look kind of off. For now I use the find or replace tool to delete that at the end of the descriptions. Just curious if anyone has seen this before.
Steve Butala: So he means he's deleting that sentence off of the legal description in the mailer, in the offer, not in the deed.
Jill DeWit: Right.
Steve Butala: You don't want to do that in the deed. Here's the thing. This is a borderline PhD level question, and in your career as a land investor or a real estate investor, when you're doing mailers and doing research, this is how I spend almost all of my week. You're going to come up with stuff in the legal descriptions that shocks you. And it's never going to end.
Jill DeWit: It's true.
Steve Butala: I've been doing this for 25, almost 30 years.
Jill DeWit: It's true.
Steve Butala: Here's an example. I'm buying a bunch of property in Maricopa County right now, Arizona. In every single one of the legal descriptions, I'd had this exact experience. At the end of the legal subscription, it says MCR. Capital MCR, and then some number like 338, forward slash 142. And so I first gasped. I'm like, "I thought it was a undivided interest.