Your Imperative Website Benefits
Jack Butala: Your Imperative Website Benefits. 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 with Jill DeWit.
Jill DeWit: Hello.
Jack Butala: Welcome to our show today. In this episode, Jill and I talk about your imperative website benefits, another way, the benefits you receive by having your own website. I don’t care if you're in the real estate business or not. Great show today, Jill. Let’s talk about ... Let's take a question, excuse me, posted by one of our members on successplan.com, our free online community.
Jill DeWit: Okay. Mike T wrote, "I think this deal is dead. It is located in Arizona. Wife owned 10 acres in a few years ago. The husband has been paying the taxes. Husband was never added to the deed after his marriage. Wife died suddenly, no will, no probate. Is this deal dead?"
Jack Butala: No.
Jill DeWit: Thank you.
Jack Butala: It's not. The question is, actually no deals are really dead in these situations, that’s a real answer. That’s the philosophical answer. The question really is, "How much are you willing to go through to get to own this property?" So if it’s a regular northern Arizona, rural acreage 10 acre property you're going to get 5 or 6000 bucks wholesale on the sell side and you're probably going to buy it for about a thousand, a hundred dollars an acre, right Jill?
Jill DeWit: Mm-hmm (affirmative)
Jack Butala: So, no in this specific case, you would have to go through a quiet title action, which by the way, is the exact same legal proceeding, it's a lawsuit actually, legal proceeding as when you foreclose on a tax lien, so I'm really familiar with it, and it’s a heck of a lot easier than you think. It’s the same ole story. You do the first one and then they're all easy after that.
Jill DeWit: Exactly.
Jack Butala: So it’s a math question. You want to knock yourself out and go crazy. What Jill's done in these situations and I’d follow up and close a deal is she says, "You know what? Owner, there’s no way that you're going to go through all of this and get this thing done on your own, so I'll give you a hundred bucks if you just comply and sign your name where I tell you to sign it and we'll get this thing out your life and you can stop paying taxes."
Jill DeWit: Right. I was just thinking to, like you said, you really are solving a problem for this person, getting something out of it because they don't know what to do. They don't know who to call and a lot of them, they're just going to walk away from it because they're just stumped.
Jack Butala: I don't want to get into all the legal stuff but these people were married, so this property is community property in Arizona. He could just go through a quiet title action and get it into his name and then sell it to you or you could do it for him.
Jill DeWit: It's funny. That's one of those things that it's easy for us. I do this often, I see this with you and I with our friends. You and I will go off on these side conversations and our friends look at us sideways like, "What are they talking about?"
Jack Butala: Exactly.
Jill DeWit: It's funny because I'm like, "Doesn't everybody know this stuff?" It's so interesting.
Jack Butala: It's just the most boring thing on the planet for most people. I was having a conversation with a [number three kid 00:02:55] yesterday and he said, "I never want to do what you do for living," and I said, "Oh, really?"
Jill DeWit: Oh, seriously?
Jack Butala: Yeah. I said, "Well, what do I do?" He said, "You sit in front of a computer all day." I said, "What am I doing on the computer?" "I don’t care."
Jill DeWit: I overheard that!
Jack Butala: He said, "I don't care what you're doing.