3 Types of Land Transactions We Do (LA 1689) - a podcast by Steven Butala & Jill DeWit

3 Types of Land Transactions We Do (LA 1689)
Transcript:Steven Jack Butala:
Steve and Jill here.Jill K DeWit:
Hi.Steven Jack Butala:
Welcome to The Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala.

Jill K DeWit:And I'm Jill DeWit, broadcasting from the Valley of the Sun.

Steven Jack Butala:Today, Jill and I are going to talk about the three types of land transactions that we do. This is something new that Jill and I just came up with in this current career path that we're instructing. It seems to be getting really, really good response and I think you should consider doing three types also.

Jill K DeWit:I was going to pause and talk about for a second... It's kind of funny, this sounds like... Do you have IT issues too? Does your website go down at random times and you just need help and can't find a good person? Well, you are not alone. We're meeting with an IT person today, and we were just talking about... I'm like,"I wonder if anybody else has these same issues we do?"The whole problem about IT is not IT. It's the contracts and the way people go about it, how much money everybody wants up front, and how the projects never seem to end.

Steven Jack Butala:Thanks for just blowing this whole thing, Jill.

Jill K DeWit:I'm so sorry. I just thought that was interesting to hear and understand and share.

Steven Jack Butala:Right before we turned the camera on for this show, we were talking about what's going to happen today, and I have to meet with a new tech person, who's extremely intelligent and a super good guy. But just that industry has gotten to a point where it's just no fun at all.

Jill K DeWit:It's weird.

Steven Jack Butala:Contracts are real thick, like contracts always get thicker, not thinner.

Jill K DeWit:Yeah.

Steven Jack Butala:It costs $25,000.00 to do a website now, bare minimum. It used to cost like $700.00. It's just all liquid pain.Jill K DeWit:
Isn't it funny?

Steven Jack Butala:It's so painful to get a website done.

Jill K DeWit:Do you know you're right? I remember years ago going to this company that was going to build us a site, and they quoted $25,000.00 back then and I about fell out of my chair. We obviously didn't do it. We did it ourselves.

Steven Jack Butala:Right.

Jill K DeWit:Clearly we did it ourselves back then. If you remember Landacademy.org, that was us. Hey, but we did it and we got here and now we're like..."If it was only $25,000.00 I'd be fine with that."Steven Jack Butala:
Yeah.Jill K DeWit:
Not so much.Steven Jack Butala:
It's more fun to do a podcast times 10 than it is to deal with any IT issues.

Jill K DeWit:Very true. I'm glad we're here.

Steven Jack Butala:Before get into it, thanks for letting us rant. Let's take a question, posted by one our members, on the Landinvestors.com online community. It's free, and don't forget to subscribe to The Land Academy YouTube channel and comment on the show as you like.

Jill K DeWit:Lance wrote,"How do you price mailers for land in really hot markets?"Steven Jack Butala:
This is totally on topic for what we're about to talk about today. You price them higher. We're going to talk about the three types of deals that Jill and I do. It didn't come to me, these types of deals, in an organized way. We just sort of organically started doing different types of deals to respond to the market. And so, Lance, I'll answer your question here in a second. Today's topic, there are three types of land transactions that we currently do. This is why you're listening. For some reason we started calling them buckets. Transaction number one is buy for X and double your money, then sell it.

Steven Jack Butala:This could be in desert squares. We call it a bread-and-butter type land transaction. For us, the prices kept creeping up, so we would start... I mean, a typical deal for me before Jill and I joined forces was buy for $1,500.00 to $2,000.00 and sell for four, five or eight,

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