Making Land Transactions Too Difficult (LA 1870) - a podcast by Steven Butala & Jill DeWit

Making Land Transactions Too Difficult (LA 1870)
Transcript:Jill DeWit:
We didn't do our poses by the way.

Steven Butala:I know. Want to do it now?

Jill DeWit:Sure.

Steven Butala:Rolling video. Three, two.
Steve and Jill here.Jill DeWit:
Hello.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 the place for hot chicken.

Steven Butala:Really?

Jill DeWit:Do you smell that?

Steven Butala:Nashville's a hot chicken place?

Jill DeWit:Mm-hmm. And you know what makes it extra hot? It's the extra layer, the thick coating of cayenne pepper. This is one of the things that Nashville's known for as hot chicken. So you better believe, this weekend.

Steven Butala:Yeah.

Jill DeWit:I am getting some hot chicken. I need to know what this all about.

Steven Butala:I think that should start tonight.

Jill DeWit:All right.

Steven Butala:What do you think?

Jill DeWit:That would be great.

Steven Butala:Jill had a little cold, but she doesn't have it now because-

Jill DeWit:You know, hot chicken would probably get rid of it.

Steven Butala:I think you had a Michigan cold.

Jill DeWit:Maybe a Michigan or Ohio.

Steven Butala:We can't, well it's probably the same thing.

Jill DeWit:There we go.

Steven Butala:I was constantly having cold and flu my entire childhood.

Jill DeWit:Really?

Steven Butala:I move to Arizona. Stopped. Completely stopped. Completely.

Jill DeWit:Interesting. Thank you. Before we get into it, let's take a question-

Steven Butala:Take a question posted by one of the members, on our landinvestors.com online community. It's free. Last year, a ton of Land Academy members came to us needing extra help, that last final extra push, to get their mailer in the mail. So many people came to us with it. We created a product called Concierge Data. Check it out at offers2owners.com. We will do your mailer for you, right up to pricing it at the very end. Hundreds of people use this product by the way.

Jill DeWit:Love it. All right. Peter C. wrote, and then I have a response to this too.
So good morning everyone. So one second, I'm trying to hold back a sneeze. Okay, so we have a good deal with a signed purchase agreement that we just supplied to get deal funding this morning. So a timing question. Do you guys wait to set things up with the title company until after you've confirmed that you have funding for your deal or, do you go ahead and set things up with the title company immediately?
So Kevin, our moderator, wrote in here,"If you rush to the title company, you'll need to get another purchase agreement signed when you get your funding partner lined up. I like to get the verbal agreement with the seller, and then get the funding partner on board. Then I have a PA, the purchase agreement, with the funding partner as buyer signed by the seller. Most funding partners would prefer I hold title in their name. Then I send it to the title company with all the contact information. I can do that in two to three days."You honestly, personally, I like it when they already have it in title. I think that makes me happy. And if you, on your purchase agreement, have a version of an assignee or something like that, then you don't have to worry about it. Then I can come in as the assignee as the funder.

Steven Butala:I completely agree with you. I don't necessarily agree with Kevin's way, although Kevin is very, very successful. He's a moderator. We know Kevin really well, and he's always in Discord all over the place. What Kevin's way doesn't accomplish is immediacy. So you want to tell the seller,"Yep, I'm opening escrow. Here's the escrow number, where you are going to move forward with this transaction, and please wait to you hear from Sally Smith, the escrow agent. She should be calling you today."You can, and it's much easier to do this if you have an escrow agent you've done a bunch of de...

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