Jill Friday–So Much Fun Looking at Our Properties (LA 1483) - a podcast by Steven Butala & Jill DeWit

Jill Friday - So Much Fun Looking at Our Properties (LA 1483)
Transcript:Steven Butala:
Steve and Jill here.Jill DeWit:
Hey.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 sweet Scottsdale, Arizona.

Steven Butala:Today, Jill and I talk about how it's Jill Friday and how much fun we have looking at our properties right now.

Jill DeWit:Kind of eating your words.

Steven Butala:I thought you said never go look at your properties. You should never leave your desk.

Jill DeWit:Yeah, you lose money.

Steven Butala:Well, this is the way we do it, it's kind of fun. 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. If you're already a member, please join us on Discord.

Jill DeWit:Of Land Academy. That's right.

Steven Butala:You will learn stuff. I learn stuff every day.

Jill DeWit:Cool. Dave wrote, I've got several sellers lined up from my first mailing and I wonder which deed to create and mail to the notary for the transfer? The initial deal is from a seller who's owned the property since the early 90s, and the county website says he purchased a quick claim deed following a public auction. I just told him I would send him a deed to sign without bothering to figure out what kind of create. How do you decide which deed to use? I use DeedPerfect.

Steven Butala:Whatever it spits out.

Jill DeWit:Yeah. For the most part. For the most part, hold on a moment.

Steven Butala:DeedPerfect is a site that we own.

Jill DeWit:Let's just say, because most of the time, you do need to check and make sure, but usually most of the time it's a normal transfer. Where'd you go? And it's saying California. It's a grant deed. Other places, it's a special warranty deed. That's usually what we're doing. I'm not going to do another quick claim deed, that's used for a certain situation. [inaudible 00:01:52] back up, Dave, first just kind of researching, it's really easy to, research in google types of deeds and what they mean.

Steven Butala:It's very state specific.

Jill DeWit:You need to first understand what is a warranty, what's a quick claim deed, what's a trust deed. There's different kinds of deeds, treasurers deed. Just because they obtained the property that way, this is one of the mistakes that I made originally. I had a property, I'm looking at a treasurer's deed, and I was brand spanking new at this. And I thought, okay, you always copy the same deed before. So I'm redoing it and I called it a treasurer's deed. I'm not a treasurer, I don't do a treasurer's deed. So, you just need to understand what the deeds are, first of all, and who uses them.

Steven Butala:Thank you for not asking me which one to use.

Jill DeWit:Oh, you're welcome.

Steven Butala:I really appreciate that you don't ask me that.

Jill DeWit:I learned, I learned, like, oh, so I'm not a treasurer so you don't use a treasure's deed. That's just how they bought it. Now, when I sell it, now it goes to a special warranty deed. Say if it's that appropriate state, California might be a grant deed. So my cheat sheet, first of all is, I use DeedPerfect because for the 99% of normal transactions that you're doing, the deed is universal and it can be found in deedperfect.com. And we made this site to solve this problem for everybody. If you're a Land Academy member, it's free. Everybody else is like a hundred bucks. Rocket Lawyer, and those guys are like 200 bucks, or it's like a couple hundred bucks for one deed. Ours are $99, that's it.

Steven Butala:We got tired of doing our own deeds. We were doing so many deeds that we said, you know what, we need to build a site and we're not going to pay Rocket Lawyer or whatever else. The way that those sites are set up, it's not set up for what we do.

Jill DeWit:It's not to spit out a deed, I don't know what it's used for,

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