4 Types of Land Business Specializations (LA 1327) - a podcast by Steven Butala & Jill DeWit

4 Types of Land Business Specializations (LA 1327)

Transcript:



Steven Butala:

Steve and Jill here.



Jill DeWit:

Howdy.



Steven Butala:

Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala.



Jill DeWit:

And I'm Jill DeWit, broadcasting from sunny Southern California.



Steven Butala:

Today we talk about the four types of land business specializations that you can choose from and make money on. And hint, we do all four.



Jill DeWit:

Yes we do.



Steven Butala:

Should you?



Jill DeWit:

Got 'em.



Steven Butala:

Should you do all four? Eventually.



Jill DeWit:

I think so.



Steven Butala:

You know what? I'm going to list them, then we'll take the question, and we'll get into the details.



Jill DeWit:

You're not going to save it?



Steven Butala:

Nah, here's the list.



Jill DeWit:

Okay.



Steven Butala:

Extremely rural, extremely inexpensive property, that really the middle of nowhere property, incredibly inexpensive. Number two, recreational/homestead type property, that's two hours to three, maybe four hours drive from a major city. 20 acres, it could be a homestead, you could build a cabin on it. There's lots of stuff that you can do. This is our favorite type. Number three, infill lots. Property that's in a very urban setting that is incredibly attractive to people who build houses, home builders. Super easy properties to find, difficult to negotiate price, really easy to sell because you know who your buyer is going to be. It's just a finite group of builders. And number four, specialization property. Property that's pre-zoned, for let's say a nursing home, a Walmart type property that's zoned for big box along with freeway, or heavy industrial property or industrial park type property.

Jill and I, some of the most successful deals that we've done have been those types of properties. High risk, long term deals. Before we get into it, let's take a question posted by one of our members on the LandInvestors.com online community. It's free.



Jill DeWit:

Matt wrote, I'm going to preface that this is a little bit longer here, just so you know. "I have two acquisitions people fielding my incoming seller calls. My first person ran out of bandwidth and I feel like we streamlined the process efficiently that it makes sense to bring on a second person." Bandwidth-



Steven Butala:

Bandwidth meaning he ran out of gas.



Jill DeWit:

Okay.



Steven Butala:

Just ran out of interest.



Jill DeWit:

So they're going to bring in another person to replace that one. "Also it's nice to have some redundancy, and my first acquisition person does other roles in the business."



Steven Butala:

One second, so I'm going to stop you there.



Jill DeWit:

Okay.



Steven Butala:

There's a reason airplanes have two engines, there's a reason that boats have two engines, long-haul boats.



Jill DeWit:

There's a reason why kids have two parents hopefully.



Steven Butala:

Yeah.



Jill DeWit:

Because one of them is going to run out of bandwidth.



Steven Butala:

Redundancy is always a good idea. Redundancy is always a good idea. This is the definition of a split test by the way. Go ahead.



Jill DeWit:

Okay. "Does anyone have more than one person as an acquisitions person?"



Steven Butala:

We do.



Jill DeWit:

"I'm trying to find a way to streamline the business while still being personal. For example, my mail piece says, name@company.com, not acquisitions@company.com,

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