Working with Your Spouse
Transcript:
Jack Butala: Jack and Jill here.
Jill DeWit: Hi.
Jack Butala: Welcome to the Jack Jill Show, entertaining real estate investment advice. I'm Jack Butala.
Jill DeWit: And, I'm Jill DeWit, broadcasting from sunny southern California.
Jack Butala: Today, Jill and I talk about working with your spouse.
Jill DeWit: What could be more fun?
Jack Butala: This is a topic I feel extremely qualified to discuss.
Jill DeWit: Aw.
Jack Butala: In public.
Jill DeWit: It's every day.
Jack Butala: Unlike most of the topics we talk about.
Jill DeWit: There's a new surprise that just makes me want to do it more.
Jack Butala: So, what should the title really be?
Jill DeWit: Oh, my gosh.
Jack Butala: It should be Working with your Spouse-
Jill DeWit: Without Killing Someone.
Jack Butala: Working with your Spouse,-
Speaker 3: Go ahead.
Jack Butala: Without Killing Someone.
Jill DeWit: Or, Yourself.
Jack Butala: I think that's how it should be, Work Without Your Spouse.
Jill DeWit: Oh.
Jack Butala: How did we end up like this? Working together?
Jill DeWit: You know why?
Jack Butala: What the hell-
Jill DeWit: I have a lot to say about this.
Jack Butala: We'll get into it in a minute here.
Jill DeWit: Okay.
Jack Butala: Before we actually do get into it, let's take a question posted by one of our members on the jackjill.com online community, it's free.
Jill DeWit: Okay, Rick G. asked, "Hi. I have a seller who will sell a 40 acre property in ___ County, Arizona, for $8,000.00, about eight miles from ___ city. The owner tells me," he wrote, I'm not doing that on purpose, "roads are good enough to be traverse with a two wheel drive." This is really good. "Planning to re-sell at $12,000.00, which should be more competitive than when I typically see on Land Watch for this county."
Aw, and he even included a satellite image of a property on this site. "I'm looking for a money partner to fund this deal, and split the profits 50/50. Here are the sample prices from Land Watch for this county on 40 acre properties," and he puts $32,000.00, $25,000.00, $24,900.00, $13,000.00, $39.9, $24.4, $29.9 ... do you want me to keep going, Jack?
Jack Butala: No, it's $30,000.00. $20,000.00-$30,000.00 comparison values.
Jill DeWit: There's one funky one in there for $13,000.00, so the lowest is $13,000.00-
Jack Butala: Which is probably a Land Academy member.
Jill DeWit: Right? And, the highest is $37,500.00 thousand dollars.
Jack Butala: It might even be us.
Jill DeWit: So, this is really, really good. Thank you for doing your homework. We all know he can buy it for $8,000.00. Okay. "Planning on posting this on the Member Deal Board, also, but I'm working with getting it set up. Please let me know if interested."
Jack Butala: I love it.
Jill DeWit: Okay.
Jack Butala: So, you did every single thing right here.