How Small is Too Small with Land Deals (LA 1929) - a podcast by Steven Butala & Jill DeWit

Transcript:

Steven Jack Butala:Jack 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:I'm Jill DeWit, broadcasting from the Valley of the Sun.

Steven Jack Butala:Today Jill and I talk about how small is too small in your land transactions.

Jill K DeWit:I have two things. I want to talk about the deals that I do, and I want to talk about the deals that you should do.

Steven Jack Butala:That's great. And I'll tell you right out of the box here, this changes all the time. A regular deal for us used to be buy for $500 and sell for 1500. That was like a standard deal for us for a lot of years. And certainly not anymore.

Jill K DeWit:Because they were every hour.

Steven Jack Butala:Yeah.

Jill K DeWit:That makes a difference. Isn't that funny? Wow.

Steven Jack Butala:Stick a question posted by one of our members on the landinvestors.com online community. It's free. I hope you know by now jill and I own a full-blown commercial printing company called Offers 2 Owners, the number two owners, to get offers into owner's hands that you're sending out to buy their property. We started it a lot of years ago out of frustration because we couldn't get the service and attention that we needed from an outside vendor. So we started our own. And fast forward today, we do almost a million offers a month. Sometimes, we actually go over a million offers going outbound a month. Check out support@offers2owners.com.

Jill K DeWit:Will wrote,"Going through the six As. And right now, I'm looking at access. I have an opportunity on a property that is at the end of a dead end road. So there's access. It's a small lot 0.6 acres. This is good. It's over half acre. So how much should I be worried about the fact that it's a dead end road, that it's only one lane wide, but it's paved right up to the property, but not beyond it."Are you kidding? I love that.

Steven Jack Butala:Yeah. Zero. You should worry about it zero.

Jill K DeWit:That's the best possible scenario. I'm like,"Who wouldn't want that road ends at my house?"No one's going there, unless they're going to my house. First of all. I don't have the through traffic and the noise and that kind of a thing and it's paved. I'm like,"That would be the seventh A,"which is asphalt.

Steven Jack Butala:Don't keep saying that.

Jill K DeWit:I know. I'm sorry. We're joking about that one. That was a career path inside joke, but I think it's awesome. What do you think?

Steven Jack Butala:Dead end roads are great. The only con, or downside, to having a dead end road property is that the signage, the for sale signage that you put up, might not be as attractive because you're not reaching as many people as you possibly can to sell it. But from a livability and a buy-ability standpoint, everybody loves dead ends.

Jill K DeWit:Totally.

Steven Jack Butala:Do you know that it's not politically correct to say dead end anymore?

Jill K DeWit:What?

Steven Jack Butala:No through traffic or what... I don't know. Dead end is just a... I read this is a while ago, like a year ago.

Jill K DeWit:What? Well, who is that possibly offending?

Steven Jack Butala:I don't know, Jill. Whoever it's offending, I don't know. I don't know what they would be upset about. The word dead, maybe.

Jill K DeWit:What?

Steven Jack Butala:I know. I knew you'd have that extra... That-

Jill K DeWit:Okay. Are you making this up?

Steven Jack Butala:Nope. No. All the news signs you see, it says no through traffic.

Jill K DeWit:Wow. That's hilarious.

Steven Jack Butala:Today's topic before Jill gets all-

Jill K DeWit:How much money is that going to cost?

Steven Jack Butala:Exactly. Today's topic, how small is too small with land deals? This is why you're listening.

Jill K DeWit:Okay. So first, we need to talk about your deals and then we'll talk about my deals.

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