Real Time Info on Where to Invest during Virus Times (LA 1231) - a podcast by Steven Butala & Jill DeWit

Real Time Info on Where to Invest during Virus Times (LA 1231)

Transcript:



Steven Butala:



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 sunny Southern California.



Steven Butala:



Today. Jill and I talk about real time info and where... I'll try it again. Real time info on where to invest during virus times.



Jill DeWit:



Where to get it.



Steven Butala:



Where to get it.



Jill DeWit:



How to get it, how to dissect it, how to understand it. What else?



Steven Butala:



How to make money and what markets to buy real estate and step by step procedures on, hey, it now is the time to buy property in Compton. Why? Here's all the proof and the support and the whole thing. Now's the time to buy property in West Phoenix. Why? Here's how I get the data. Here's how you analyze it and why. Why? Because it all happened in 2010 exactly like this and it's going to repeat itself.



Jill DeWit:



Why don't you just say that? Why did you give this goofy title that we're all kind of trying to figure out what this is? Real time info on where to invest during virus times. Okay.



Steven Butala:



Guess who doesn't write any titles at all?



Jill DeWit:



I do. You know why? Because you don't like my titles. Let's call a spade, a spade. If I write them, you don't like them.



Steven Butala:



How to catch a flock of doves and how it applies to your pretty sweet, wonderful real estate.



Jill DeWit:



No. Okay. Here's how I would have written this title. You are not alone in your lack of real time data.



Steven Butala:



That's actually not bad.



Jill DeWit:



Thank you. Someone said something to me the other night. Derek came up with all the, you are not alone and-



Steven Butala:



They're making fun of us.



Jill DeWit:



Oh it was good. I can't remember what it was. I don't know. Making normal pour drinks. It was something like that. Like mister heavy hand over here.



Steven Butala:



I remember that.



Jill DeWit:



Yeah.



Steven Butala:



It was funny, actually.



Jill DeWit:



Thank you.



Steven Butala:



It will all come to me in a minute.



Jill DeWit:



Okay.



Steven 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.



Jill DeWit:



Andy wrote, "Hey you all, I'm relatively new to the game. I sent a few mailers to Arizona and New Mexico, but I'm hoping to branch out a bit here. I've learned about abstract states and now I've been reading about certain states that require trying to close a deal. Am I correct in assuming our land deals count as real estate closings and therefore 20 plus states will require this? Any guidelines on states that have costs or requirements for closing deals that a newbie should look out for? Any advice is appreciated. Thanks."



Steven Butala:



This is a very popular topic and some incredibly intelligent reply. The reply string on this is huge, but I'll summarize it. Yes. Your land deal is a real estate deal. It's just as much real estate as a skyscraper in New York and the closing process is the same. It's exactly the same. Someone buys it and they were provided the money, they it into escrow. The seller gets the money through escrow and it gets deeded an...

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