Why We Started Land Academy
Jack Butala: Why We Started Land Academy. 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 here from Land Academy. Welcome to our Cash Flow from Land show. In this episode Jill and I talk about how we came to the decision to start this company, Land Academy, and why it's become so successful. Jill, I love this topic.
Jill DeWit: Me too.
Jack Butala: Before we get right into it, let's take a question.
Jill DeWit: Okay. How this person got a question to us, by the way, ...
Jack Butala: Oh, that's right.
Jill DeWit: ... is they called in. They called 888-735-5045, so if you have a question, or maybe you might even get to be on the air, call us, leave it there. It's 888-735-5045. Okay, Lacy from Florida asks, "How do you know if you are buying the right property?"
Jack Butala: This is such a nebulous question, and I included it among a lot of questions we got. I included it because I think what she is asking is how do you know if you're making the right decision. How do you know? I'm looking at fifteen properties to buy. There's thousands and thousands of properties to buy in the MLS. I mean, how do I know which one to buy?
Jill DeWit: I don't think it's hard. Seriously.
Jack Butala: Yeah, because they're calling you.
Jill DeWit: No, no, no. It's the four As. I hope that's where you were going because that's what I go back to.
Jack Butala: I was going back to data.
Jill DeWit: Oh, okay.
Jack Butala: We both should answer it, so you go first.
Jill DeWit: Okay. My thing is however this property got to me, I'm going to take it from that point, I look at the four As. I know it's in our E-book. We talk about our E-book, and then we go into great detail all the time about it, but they are access ...
Jack Butala: Yeah, whether or not you can get to it.
Jill DeWit: ... Mm hm (affirmative), acreage ...
Jack Butala: How big is it? Bigger is always better. Almost always.
Jill DeWit: ... affordability ...
Jack Butala: Cheaper is better.
Jill DeWit: ... and attribute.
Jack Butala: Right, so is it close to the Grand Canyon? Does it have ocean view? All that stuff, what's good about that property specifically.
Jill DeWit: When I'm reviewing a property, that's the things I look for. If I was new and I was starting out I would make sure I had all four As. I would make sure I checked all those boxes. Then, I know I'm in good shape. What were you going to ask?
Jack Butala: What I think she's asking is, you know, there's so much land out there, how do you sift through it all and decide which one you can make money on. I think that's what she's asking. How do I know I can make money on this, and so we answer that all the time. By the way, the short answer to that is if you don't pay too much for it you're going to make money. You've got to make sure you pay as little as possible. It seems simple, but it's amazing how many times we have to explain it.
Yeah, so if you start with a data set, like we always say, start with the right data set. A credible data set from the right source, which we are a licensed provider of at landacademy.com, you can pick and choose right in that data set, properties that you fit,