Jack Thursday–Why I’m Never Satisfied in Business (LA 1866) - a podcast by Steven Butala & Jill DeWit

Jack Thursday - Why I'm Never Satisfied in Business (LA 1866)
Transcript:Steven Jack Butala:
Steve and Jill here. Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala.

Jill DeWit:And I'm Jill DeWit. Coming to you from Steven's hometown.

Steven Jack Butala:Detroit, Michigan.

Jill DeWit:Yup.

Steven Jack Butala:Jill and I are on a huge road trip, two month, maybe three month road trip. For about three or four weeks into it, we're in Detroit, coming off of our niece's wedding. Today's topic, well, it's Jack Thursday and I'm going to talk about why I'm never satisfied in business and why I think it's actually pretty healthy.

Jill DeWit:Interesting.

Steven Jack Butala: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, and don't forget to subscribe on a Land Academy YouTube channel and comment on the shows you like. Why? It actually really works. It helps us develop content that you might want to hear.

Jill DeWit:I love it. That's funny. Okay. It's not funny, I love it. Anyway, Mike wrote,"My land agent has offered to pay for my mailers in order to give him the leads of properties I pass on. Anyone had that presented to them before?"I actually think that's cool.

Steven Jack Butala:This is the worst idea I've ever heard.

Jill DeWit:Why? Well yeah, now you're in bed with the guy and he's going to weigh in on all the stuff and whose phone number goes on and....

Steven Jack Butala:Keep going.

Jill DeWit:...continue, and then so on and so on and so on. Hey, that's my deal. I did all the work, yeah, but I paid for the mail and we didn't get the yield out of it for.

Steven Jack Butala:I paid for the mail and you bought this property without me. I paid for this mail. You bought this property without me. You made $38,000 and didn't get me involved in this deal. I could have sold that for $68,000. I'm never going to be a partner again. Screw you. That's how that ends.

Jill DeWit:Okay! All right. Thank you very much.

Steven Jack Butala:And that's me trying to really put a lid on it.

Jill DeWit:Aw.

Steven Jack Butala:All these side deals that you do in these handshake deals almost never work. If you're going to get in bed with somebody, get in bed with him like Jill and I, and be their partner.

Jill DeWit:Thanks. Or do a deal together. My favorite thing, yeah, this, I get it. So it gets the leads. I mean, I got to say kudos to the guy for thinking of this, because he knows that those properties are gonna pass on.

Steven Jack Butala:Why doesn't he just do his own mailer?

Jill DeWit:Well, you know what's funny about that? That comes up over and over and over again with a lot of the buyers that I deal with, because they're going to buy the property and then do something with it. I'm like, you know you realize you're paying me as a middle man for you to now go sell this on terms or whatever you're going to do. You could have done this. They're like,"Yeah, but I don't want to."Steven Jack Butala:
Okay.Jill DeWit:
No, they don't want it and that's okay.

Steven Jack Butala:They just want it spoonfed.

Jill DeWit:Yeah, I'm happy with that. And trust me too, by the way, it's been a while, but I would had several real estate agents in the past that we were doing [inaudible 00:02:59] were really big, doing some house academy stuff and they knew that I bought land, right? And so when they would get any kind of a land deal, they'd just call me and say,"Hey, this guy wants to sell it and I don't want to sell it for him, but I know you buy it. Here you go."I'm like,"Hold on a moment, why aren't you buying this?"Like,"No, I'm just not a land person too."They just would pass things off because it's not their thing. They don't get it, and that's fine. I appreciate them picking what they do and owning it.

Steven Jack Butala:Today's topic: this is Jack Thursday and I'm going to talk about wh...

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