Jill Friday–Investing Like a Girl (LA 1727) - a podcast by Steven Butala & Jill DeWit

Jill Friday - Investing Like a Girl (LA 1727)
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:And I'm Jill DeWit broadcasting from the Valley of this Sun.

Steven Jack Butala:Today, Jill and I talk about, well, it's Jill Friday, and she's going to talk about investing like a girl.

Jill K DeWit:You came up with this topic. Are you picking my brain here? You want to know what I've been reading and what I think about?

Steven Jack Butala:There's a book on Jill's desk by Warren Buffett.

Jill K DeWit:It's by a girl who works for Motley Crew or Motley Fool.

Steven Jack Butala:Crew?

Jill K DeWit:A brilliant woman who works for Motley Crew, I mean, Motley Fool. She wrote a book, and it's called Warren Buffett Invests Like a Girl and Why You Should Too.

Steven Jack Butala:I see.

Jill K DeWit:It's not written by Warren Buffett, sorry.

Steven Jack Butala:Oh, me and the whole world think it's [crosstalk 00:00:46].Jill K DeWit:
Oh, you got all excited thinking Warren Buffett wrote a book.Steven Jack Butala:
No. This is actually even better. I'd rather hear from advice ... I think that's great. 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.

Steven Jack Butala:Back in the day, it was nearly impossible to find land without a mailing address like 123 Main Street. The reality is nearly all properties that have never been built on, which is what we buy and sell, don't have a post office address yet. They have an assessor's parcel number. Well, there is no database for that. Jill and I set out and now have 150 million up-to-date unit assessors parcel look-up database and spatial environment where you can look this up and find any property just in seconds. Like all these products, we've been using this for years. We just had never made it pretty enough to present to the public, but we have now. It's called neighborscoop.com. Go to neighborscoop.com for more information and check it all out. See if it's for you.

Jill K DeWit:Dan wrote,"I just got an email from a mailer I sent a year ago, asked if I was still interested in buying. This was someone I had needed to reduce the original offer on, and they initially needed more. They had bought the 40 acres in 2007 for $50,000, and I had reduced my offer from 19,000 to 13,000 due to massive back taxes. They wanted to recoup more of their losses. Well, the property taxes for this year are about due and the assessed value took a hit from last year. So they are now ready to sell. Hooray. That would be the 12th great deal from a mailer of about 900 units."Wow.

Steven Jack Butala:Geez, listen to that.

Jill K DeWit:Holy moly.

Steven Jack Butala:This guy's in Career Path too, in this Career Path.

Jill K DeWit:Wow. This one is a base hit, base hit. I think it's more than that. Okay. All in for 19,000 and sell within a week comfortably for 30. I got it. I may push the price up a bit on this one.

Steven Jack Butala:I would too.

Jill K DeWit:It's not a huge profit percent-wise, but I've sold six exactly like it after buying five to $15,000 range and then selling between 25 and $29,000 range. It will be just so easy because I still have people lined up from missing out on the last couple that were a few parcels over. This is great.Steven Jack Butala:
This is a direct result of Career Path.Jill K DeWit:
That's so good.

Steven Jack Butala:And I'm not selling anything. I'm just saying this is what we talk about in Career Path all the time.

Jill K DeWit:And it's true. You can't really gauge these mailers sometimes, because you might not get calls for ... You get three now. You could buy a couple deals. And then a few months go by and you get another call and another letter. And more time goes by, another call, another letter.

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