Jack Thursday–Welcome to Your Comeback (LA 1676) - a podcast by Steven Butala & Jill DeWit

Jack Thursday - Welcome to Your Comeback (LA 1676)
Transcript:Steven Jack Butala:
Steve and Jill here.Jill K DeWit:
Hello.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 for the Valley of the Sun.

Steven Jack Butala:Today's Jack Thursday. And I'm going to talk about, welcome to your comeback.

Jill K DeWit:I like this. I love that title.

Steven Jack Butala:This came from two sources. So Jill and I went to a Christmas party recently with some people that we've known for a lot of years. And they're real good personal friends of ours. And the host walked up to me and said,"Amazing comeback."Because when we met, he said that to me personally. He said that to me because we all met each other during the great recession in real estate... The real estate depression in 2010 when Jill and I basically had nothing.

Steven Jack Butala:We had to sell our house. We had to move into a house that we had bought from a bank that was much smaller. And fortunately, we had a bunch of land that was paid for like we do now, like hopefully many Land Academy members there have accumulated land where we pay cash for it, and sold it. And that's what kept us alive through that period before we could start really doing acquisitions and sales again like we were used to.

Steven Jack Butala:So that really brought a lot of memories, like we did come back. We didn't-

Jill K DeWit:Big come back.

Steven Jack Butala:So I know there's a lot of people out there, things change in their lives. That's what this show's going to about. You can come back.

Jill K DeWit:Exactly.

Steven Jack Butala:Before we get into it, let's take a question posted by one of our members on the land-investors.com online community. It's free, and don't forget to subscribe on the Land Academy YouTube channel, and comment on the shows you like.

Jill K DeWit:Troy wrote,"Anyone here having experience with RS-10 zoning in mixed commercial slash residential growing cities? I'm looking at 18 acres I can buy for $63,000. And the broker says I could sell it for $150,000 on the low end. And even at a real quick sale of $125,000. My experience is in rural areas and would like another set of eyes on it if possible. Has a few cons, but no real deal breakers that I can see. I can PM more details. Thanks. Would consider partnering as well."So how'd that go?

Steven Jack Butala:Well, it's a smash hit. So my whole point, and it's Jack Thursday so I can do what I want here... My whole point is-

Jill K DeWit:Every day you can do what you want. Why is today different?

Steven Jack Butala:My point in putting this in here is that Discord is an amazing tool, and this is how it was intended to be used. I've got this great deal. It's a little bit out of my comfort zone. Hey, other Land Academy members, if you have a bunch of dough... Love to do the deal with you. Our 10 has means residential 10,000 square feet. So if you take 18 acres and divide that by 10,000 square feet minus 10% for roads and stuff, that's an amazing property from a financial standpoint. Put in the right hands of a person who's going to develop it, which is not us. Buy for 60, sell for 150 is for us.

Jill K DeWit:Yeah.

Steven Jack Butala:So that's what Discord's for. That's what Land Academy's for.

Steven Jack Butala:Today is Jack Thursday. Welcome to your comeback. I don't care where you are in your life. I don't care. I don't care if you're in your 50s, and you lost a dream job that you thought you were going to retire with, which happens to way more people than we know about. You can come back. It's not hard.

Steven Jack Butala:You just have to get your head together and really want it.

Steven Jack Butala:Jill and I professionally, got put to our knees in 2010. We were happily making tons and tons of money. We had a yacht, buying and selling land and selling it on eBay and on the internet.

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