Why Team Work is Limited Go Rogue Pro
Jack Butala: Why Team Work is Limited Go Rogue Pro. 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: Jack Butala and Jill DeWit.
Jill DeWit: Hello.
Jack Butala: Welcome to our show. In this episode, Jill and I talk about why teamwork might be limited and maybe you should just go rogue pro. Go in alone. Hey, great show today. Jill, let's take a question posted by one of our members on SuccessPlant.com, our free online community.
Jill DeWit: Okay, cool. The Watson family, I love it. They have a nice photo of the three of them. It's really cool. They wrote this question, "Greetings. We received photos back from the photographer of our property and there are approximately 50 head of cattle grazing on our land. The property is fenced on all four sides. The neighboring properties are used for grazing. We're about to start marketing the property. What would you recommend doing in this situation?"
Jack Butala: Hey, I had a ... I bought a property ... This is a good thing, not a bad thing. This is a great thing, actually. Surprises on your rural vacant land are 99% good. I'll get to the 1% of bad in just a second. I bought a large ranch that was all cut up into 40 acre properties a few years ago in New Mexico and one of the 40s, I got a letter because the guy went to the real estate office and looked us up and he asked me to do a grazing lease for one specific 40 acre property, and there were a lot of them. I said, "What the heck? Let's do a grazing lease." Now I got income property. We sold it a long time ago. I actually sold it to the rancher. What happened was I sold it on the internet and I said, "You know, I'm going to call this rancher," and he said, "Heck yes, I'll buy it for that." I don't think he knew how cheap we were selling it. Yeah, Watson family, I would find out whose cows they are and I think I would look into charging. It might be the same amount that you're looking for. If you're going to sell the property on terms, it might be the same amount. Don't sell it, lease it. Do a lease.
Jill DeWit: Exactly. Yeah, awesome. Yeah, or if you don't want to hang onto it, that's a nice thing that you're doing. You're selling an income property now.
Jack Butala: Yeah, I mean balance sheets are not the best for farms. Farms get reimbursed for a lot of different ways. It's my understanding that not owning a property, you sell it a lot better. They don't want it. They want to lease it from you. The fence thing ...
Jill DeWit: It's kind of cool, too.
Jack Butala: It is. I don't know whose fence it is. It could be the fence of the other properties, but again, any improvements are good except nuclear waste. No, any type of EPA violation, anything that has to do with any kind of waste at all, including Freon in a leaky refrigerator. I've had that problem too. It was a junk pile there and a bunch of refrigerators leaking Freon, that's a huge problem, actually. I'm not making light of it or joking about it at all. It's bad for the environment. Do you know if you spill, incidentally, if you go to fill up your car and you have a diesel car and you spill a pint of diesel fuel at a gas station, they're required to contact the EPA.
Jill DeWit: Are you serious?
Jack Butala: Yeah. The EPA is ...
Jill DeWit: They're supposed to come out and do a whole big ... Here they come in their big suits. Quarantine. I'm just pumping gas and I did a bad job. Next thing you know ...
Jack Butala: No, I mean, I got a lot of funny things to say. Anyway, the EPA ... If you go to EPA.gov and you look up where you're buying a property and just to check to see if it's a super fun site or if there's waste down there, 9 times out of 10 there's going to be some horrific ...