Land Academy as a Legacy Business (LA 1859) - a podcast by Steven Butala & Jill DeWit

Land Academy as a Legacy Business (LA 1859)
Transcript:Steven Jack Butala:
Steve and Jill here.Jill K DeWit:
Howdy.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 Apple Centric, awesome Michigan. How's that? How many apples are in a bushel? You know it's funny, your sister-in-law, your sister, my sister-in-law brought up picking up a bushel of apples the other day and I'm like, that sounds cool. I want that too, but I don't know if I can fit it here. How many apples are in a bushel? Is that like one big basket?

Steven Jack Butala:I'm just as much now from the west as you are.

Jill K DeWit:Have you ever had a bushel of apples?

Steven Jack Butala:I don't think you should buy a bushel of apples unless you're going to make moonshine.

Jill K DeWit:Or pie.

Steven Jack Butala:Or what else?

Jill K DeWit:Pie. Hello.

Steven Jack Butala:Moonshine because it... Yes.

Jill K DeWit:Apple sauce?

Steven Jack Butala:The answer's yes.

Jill K DeWit:Maybe, oh, I'm going to get some apple cherry fill in the blank. Wouldn't that be delicious?

Steven Jack Butala:It's big! Bushel of apples is big.

Jill K DeWit:I think it's like a big bucket of apples. I know you guys are all laughing at us right now.

Steven Jack Butala:It's special. It's a bushel, like a wooden woven...

Jill K DeWit:That's what I thought. Okay.

Steven Jack Butala:Bigger than a bucket.

Jill K DeWit:That's going to be cool. I love it here. Thank you Michigan. You guys know how to...

Steven Jack Butala:Thank you Northern Michigan.

Jill K DeWit:Yes. Northern Michigan, I love your Fall weather. The leaves are starting to turn. We couldn't have picked a better time to be here. We're having a ball.

Steven Jack Butala:Today Jill and I talk about Land Academy as a legacy business.

Jill K DeWit:Yes.

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 I'd like to let you know, and hopefully you already know, that Jill and I have a full-blown commercial printing company that goes along with Land Academy, called offers2owners. Offers and number two owners. It was born out of our frustration from using other people's printing companies to send out offers. They just didn't get it. They didn't understand mail merges and a bunch of other stuff. Go to offers2owners.com. I know for sure we have a promo going when this airs, until the end of the month. So you get 10% off.

Jill K DeWit:Sweet. I think it's like MAIL10. It's on the website. You'll find it.

Steven Jack Butala:Yeah. The promo code I think is MAIL10. Just ask them. They'll tell you.

Jill K DeWit:Mike wrote:"Hey, regarding easements, I have a 35 acre track and a contract in East Texas, with a quarter mile easement to it. The easement has never been used and is directly across three neighboring wooded properties. The pricing is great, but the easement would take serious money to turn it into real physical access. Has anyone gone through with deals like this? [inaudible 00:02:40] with access around turning $80,000, whereas I'm thinking I could sell now for around $180,000."Steven Jack Butala:
So Mike you're in a great situation and I'll directly answer your question and then I'll take a couple steps back. Hell yes, we've done deals like this, and we do deals like this. An easement is a right to cross somebody else's property to get to yours. Easements are all over the place. They're super prevalent. Chances are you cross over all kinds of properties to get to your own and don't even know it all the time. So now this is very common where luckily you're in a great situation. That's why we say access, which is one of the six A's in Land Academy. Access is when you go through your phase one due diligence, you want to check the six A's and I'm not going to go through them no...

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