Money Well Spent (JJ 604)

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Money Well Spent (JJ 604)

Money Well Spent

Transcript: 

Jack Butala:                       Jack-Jill here.

Jill DeWit:                           Hi.

Jack Butala:                       Welcome to the Jack-Jill Show. It’s here that we provide entertaining real estate investment advice, or at least we try to. I’m Jack Butala.

Jill DeWit:                           And I’m Jill DeWitt, here broadcasting this week from sunny Southern California.

Jack Butala:                       Today, Jill makes fun of me. No.

Jill DeWit:                           Hah!

Jack Butala:                       Today Jill and I talk about money well spent, or what you should probably be spending money on in your business, and maybe not spending money on.

Jill DeWit:                           Oh, I have a lot to say about this. I don’t think it just pertains to business, Jack. I have to tell you.

Jack Butala:                       Me, too. Me, too.

Jill DeWit:                           So I read this topic and I’m like, “This is for me.”

Jack Butala:                       I’m going to just push the mic away and go ahead and let you have it.

Jill DeWit:                           Aw, this is going to be fun! I’m looking forward to this topic. Good.

Jack Butala:                       So what do you think … Okay good, so I’m gonna ask you a bunch of questions.

Jill DeWit:                           I’m not gonna get into it right now. I wanna …

Jack Butala:                       Oh.

Jill DeWit:                           No. I’m saving it. I have a lot of things I wanna share and I’m saving it for the good part of the show, when I can just kinda let loose.

Jack Butala:                       Right. Before we get into it, let’s take a question posted by one of our members on the jackjill.com online community. It’s free.

Jill DeWit:                           Exactly. We wanna get this out of the way so I can share what I have to say.

Jack Butala:                       Let’s get this show out of the way.

Jill DeWit:                           That’s right.

Jack Butala:                       So we can go make some dough.

Jill DeWit:                           Are you done yet? Are we done yet? Okay, Paul W. writes, “Hello everyone. My name is Paul. I currently live in central North Carolina and work as a commercial construction superintendent. I signed up for the cash flow from land program back in August and I’m finally getting rolling to get my first mailer. Lots of going on in the past several weeks. I just wanted to say thank you to everyone who regularly contributes here. This is a great community because its members are so active. I’ve been gleaning as much as I can and hope to be able to bring some value back in as I learn. I’m getting ready to set up my first mailer within the next day. See you all around.” Aw!

Jack Butala:                       Isn’t that cool?

Jill DeWit:                           That’s really nice.

Jack Butala:                       Jill and I, all kidding aside, get one or two of these things a week, in our personal inboxes. And it just amazes me that we have such a good group of people. Not a week goes by that I don’t sit around and say … You know people really complain about customers.

Jill DeWit:                           Yeah.

Jack Butala:                       And they complain about employees. I cannot believe how smart this group of people that we have, both who work for us and-

Jill DeWit:                           Mm-hmm (affirmative). And our community.

Jack Butala:                       Yeah.

Jill DeWit:                           Mm-hmm (affirmative). I agree.

Jack Butala:                       I mean this is … Just truly appreciative and are getting out of it what we have, what I intended right from the very beginning.

Jill DeWit:                           Well you know what, Jack, it proves that what you put out there, you will get back.

Jack Butala:                       Mm-hmm (affirmative)-

Jill DeWit:                           And you and I set out to have a really sharp group of serious, like-minded investors to share what we have, and work with. And that’s exactly what happened.

Jack Butala:                       Why do you think that is, Jill? I mean, we …

Jill DeWit:                           Because we put that out there. Because, you know why? Because we walk around … You know, I’ll tell you why … Thank you for asking, Jack. I sound like you, “I’ll tell you why!” So, the … Because you and I walk around, not holding back. You and I walk around telling the truth, good or bad. Not keeping secrets, you know, whatever. And just really sincerely helping people.

So what does that mean? Now everybody helps everybody. I mean, that’s the group. But how we act is how they act, and it just spreads. I mean, we could have a group of … Can you imagine if you and I walked around like … I don’t know … “You know, I could tell you this but that costs. That’s for the next level. You gotta pay.” Or who knows, whatever, you know what I mean?

Jack Butala:                       There’s a secret.

Jill DeWit:                           Oh, there’s a secret county, but …

Jack Butala:                       We’re not gonna tell you.

Jill DeWit:                           That’s for us, not for you.

Jack Butala:                       Cough up a little more dough.

Jill DeWit:                           Could you imagine? Then everybody in our community would be doing that with each other, and then so on, and so on, and so on.

Jack Butala:                       Yeah.

Jill DeWit:                           Because that would be, that just, you know, the way it is. But that’s not the right thing, so … And more importantly, once you learn that if you’re up front and honest, you know it’s kind of like even when you’re just raising your kids. We tell our kids, “If you screw up, just come to me and say you screwed up. You know what I mean? I’m not going to … Don’t hide it and don’t brush it under the rug. Be honest about it.”

Jack Butala:                       Mm-hmm (affirmative).

Jill DeWit:                           If you’re up front and honest, people are going to be up front and honest with you back. And man, you’re going to get so ahead.

Jack Butala:                       Right.

Jill DeWit:                           So far ahead, so much faster. It’s great life advice.

Jack Butala:                       Yeah. I mean …

Jill DeWit:                           And that’s probably why you’re listening to this show. Just kidding.

Jack Butala:                       There’s probably other reasons too.

Jill DeWit:                           That, and you have time to kill in the car right now, but we won’t go there. And there’s nothing else on, and here we go. No, just kidding. It’s the first thing that popped up and you couldn’t, you were driving and you couldn’t change the thing so here you are.

Jack Butala:                       Yeah. The dial’s broken.

Jill DeWit:                           That’s right.

Jack Butala:                       Today’s topic: Money Well Spent. This is the meat of the show. Jill, what do you think you should spend money on? And really just not spend money on? To be successful in business and in your life.

Jill DeWit:                           Okay. Well I was looking at it from life, first. What do you invest in? You invest in yourself, you invest in education.

Jack Butala:                       Education’s good.

Jill DeWit:                           You invest in your people around you, you invest in things that make you secure, and your family secure, and that kind of stuff. What you don’t invest in, is the latest trend, that car because the guy next door got one, or the guy at the office has one, you don’t invest in a mortgage you can’t afford because you’re trying to keep up with the Joneses, because that’s what you were told you were supposed to do, you don’t invest in the latest and greatest things for you child or your pet because you think you need to. That stuff doesn’t matter.

Jack Butala:                       Right.

Jill DeWit:                           That doesn’t matter. Did that properly spell it out for you?

Jack Butala:                       Yeah, and I think that yeah, more specific, that’s perfect. Great life advice.

Jill DeWit:                           Okay.

Jack Butala:                       I think there’s a real specific things in business that you need to not spend money on.

Jill DeWit:                           Okay, now let’s bring it to the business level. You’re starting your own business. So what do you spend money on? Again, education a little bit, because you’re going to get that back. If I started out right now, like saying, “I’m going to be an insurance agent,” and just blindly went into it, that would be … I’m sure I would, you know, make a lot of mistakes. And why would I do that? Why wouldn’t I just meet, get aligned with someone who’s been doing it for 10, 20 years, whatever?

Jack Butala:                       Yeah.

Jill DeWit:                           Who can show me the ropes, and save me a lot of time and money. I mean, even if it’s just mentoring, you know, find somebody to be my mentor kind of thing, I would do that. That would totally pay off. So I’d spend money on that, and then take it down to the level … What level do you want to bring it down to? Where do you want to go?

Jack Butala:                       Well, I think at the beginning of your career, you have, the only resource you have is your own time.

Jill DeWit:                           Mm-hmm (affirmative).

Jack Butala:                       And so, how you use that time, really yields how much equity you will eventually generate. And then after a while you have another resource. You only really have two resources, time and equity or money. And in the beginning, most of us-

Jill DeWit:                           It’s time.

Jack Butala:                       It’s just time, so you spend that time to maximize getting equity.

Jill DeWit:                           Mm-hmm (affirmative).

Jack Butala:                       And then you leverage that equity for the rest of your career. You know, we’re at that point now.

Jill DeWit:                           Mm-hmm (affirmative).

Jack Butala:                       To make it make sense.

Jill DeWit:                           That’s true.

Jack Butala:                       So, if you look at anybody who’s ever done really well, that’s exactly what they’ve done. And they’ll almost tell you, I mean just about anyone I can think of, has done incredibly well, they didn’t have expendable time. They had to really micromanage it and make good choices.

Jill DeWit:                           Yeah. What’s so funny-

Jack Butala:                       Education.

Jill DeWit:                           I didn’t think this was going to be about time, but it really is about time. At the end of the day, you know, you’re right. You and I, and every successful person out there, they have to stand back and go, what should I invest my time in right now? What’s a good use of my time?

Jack Butala:                       Who should I be hanging out with, that’s going to maximize my time and my revenue?

Jill DeWit:                           Or what projects should I be investing in?

Jack Butala:                       Mm-hmm (affirmative).

Jill DeWit:                           And it’s not investing money-wise, it’s investing my time in. Like all right, if I spend two weeks on this, is this a good use of my two weeks? What am I going to get out of it at the end of two weeks, or two months, or two years?

Jack Butala:                       Did you ever hear that phrase, “Do it on your own time”?

Jill DeWit:                           Yeah.

Jack Butala:                       “Go do that on your own time,” that you know, what would-

Jill DeWit:                           What does that mean?

Jack Butala:                       Yeah, I know.

Jill DeWit:                           I don’t even know what that means! I’m like …

Jack Butala:                       Well, whose time am I on right now?

Jill DeWit:                           Yeah.

Jack Butala:                       I’m on my employer’s time. Is that a good idea, or a bad idea? If I’m in an employer’s, if I’m an employee?

Jill DeWit:                           Mm-hmm (affirmative).

Jack Butala:                       I’ve always asked myself this, from the minute one. If I’m in an employee situation where I’m working for somebody, I better darn be learning something good for myself. Most unhappy people-

Jill DeWit:                           Wow, that’s a good point!

Jack Butala:                       The most unhappy people I’ve ever met, from a financial standpoint, are ones who are stuck, you know, golden handcuffs. They’re stuck working for somebody else-

Jill DeWit:                           Not learning a thing.

Jack Butala:                       -they’re not really learning anything, and they’ve got a lot of bills.

Jill DeWit:                           Mm-hmm (affirmative).

Jack Butala:                       Yeah. Get out of that, lickety-split!

Jill DeWit:                           Yeah, you’re right.

Jack Butala:                       That’s going to only end one way, and it’s with nothing and with crying, with your hands in your face.

Jill DeWit:                           Oh, geez. In line at the post office …

Jack Butala:                       Just like at the end of every show that you listen to with us, just-

Jill DeWit:                           In line somewhere …

Jack Butala:                       With your head in your hands.

Jill DeWit:                           Slumped over … Sitting at a traffic light, crying.

Jack Butala:                       Jill, Jill puts herself to sleep every night.

Jill DeWit:                           Slumped, yes, my head in my hands, “I’ve wasted another day!”

Jack Butala:                       You only waste 30 minutes listening to this show!

Jill DeWit:                           Oh, my god! I waste all day! Oh, no, no, no.

Jack Butala:                       So I subscribe to the whole Bill Gates, you know, who’s the guy that owns that sports team that runs Shark Tank?

Jill DeWit:                           Mark Cuban.

Jack Butala:                       And Mark Cuban concept, where when you’re really young, and your time is your own, you get out of school or you’re in school, and you have no expenses, just keep it that way. Work the stuff that you want to work on.

Jill DeWit:                           Yeah.

Jack Butala:                       Keep your expenses as close to zero as possible.

Jill DeWit:                           You know, my dad told me that, and I didn’t listen to him, and all I wanted to do was make money, because I wanted to spend money. But I remember my dad saying, “Knock it off, just be a kid right now, you know? Get good grades, don’t rush it.” I remember him saying that.

Jack Butala:                       Mm-hmm (affirmative).

Jill DeWit:                           And I’m like, “Oh, pooh-pooh, he doesn’t know,” like every kid does, so … But no, he’s right, you know, and soak it all in, you know?

Jack Butala:                       You have to spend money on, this is the point here. You have to spend money on education in some way. And you may be lucky enough, if you’re one of the lucky few, to work with somebody and they pay you to learn.

Jill DeWit:                           Mm-hmm (affirmative).

Jack Butala:                       We have a person who’s working for me right now, who thanks me every day.

Jill DeWit:                           He does.

Jack Butala:                       He says, “Thank you for teaching, I’m learning so much at this job. So …

Jill DeWit:                           He did. He said to me the other day, just talked about, “I never knew how to do X.” Linux?

Jack Butala:                       Yeah.

Jill DeWit:                           Ah, that wasn’t what I think it was.

Jack Butala:                       PHP, so for him it’s IT, and that’s great, because we need IT people.

Jill DeWit:                           He’s like, “I love what I’m learning here.” I’m like, “Thank you. Can you learn a little faster?” Just kidding!

Jack Butala:                       [crosstalk 00:11:23]

Jill DeWit:                           Just kidding! Totally kidding.

Jack Butala:                       I don’t think you are!

Jill DeWit:                           No, he’s really … Actually, you know what’s funny about that person? I told him to slow it down.

Jack Butala:                       I know.

Jill DeWit:                           I said, “It’s cool, chill, take your time and nail it, and that’s awesome. It’s all good.”

Jack Butala:                       Jill doesn’t hold IT very high on her list. She’s like, “Oh, can you just [crosstalk 00:11:48] website?”

Jill DeWit:                           That’s not true! Do you think so? Really?

Jack Butala:                       Yeah.

Jill DeWit:                           Oh no, no, no. I don’t feel that way.

Jack Butala:                       [crosstalk 00:11:53] I have a lot more patience than you do.

Jill DeWit:                           I know. I don’t … You know what, I don’t, because I do expect things, I understand that … Well, you know, Jack, the flipside’s true. There’s things that I have irrational expectations of, as do probably everyone. There’s going to be something that you don’t understand, that you’re like, “Why is this taking so long? It comes easy to me,” or whatever it is, you know. Or you don’t even know, you don’t even really you don’t even know what’s going on behind the scenes, that’s the reality. So we have to chill out.

Jack Butala:                       I don’t have any patience for-

Jill DeWit:                           Oh boy, here’s comes a laundry list here! Life.

Jack Butala:                       Get comfortable.

Jill DeWit:                           Kids. Oh my gosh. Shopping. Driving in a car.

Jack Butala:                       I don’t have patience for whining customers. And people who don’t know what they want, and expect you to like, read their mind and solve their problem. But we fortunately have a staff, that [crosstalk 00:12:41]

Jill DeWit:                           So you don’t have to.

Jack Butala:                       We have a staff that is really patient about that stuff. Do you notice that? Well, you run that whole thing, so …

Jill DeWit:                           I do. And you know, we’re most patient with each other.

Jack Butala:                       They should just call this “The Jack And Jill Therapy Show.”

Jill DeWit:                           I know! So here’s my thing, so this whole “money well spent” topic is really not about money at all. It’s really time.

Jack Butala:                       Okay, so fast-forward through our age and our career. What should we spend money on, and what shouldn’t we spend money on? Should only ever spend money-

Jill DeWit:                           Oh, okay.

Jack Butala:                       -to make more money.

Jill DeWit:                           I like to spend money on experiences, not things.

Jack Butala:                       Yeah, but that’s not work.

Jill DeWit:                           Oh, okay, well, I wanted to talk fun, so that’s okay.

Jack Butala:                       Yeah, I don’t care. Absolutely, I don’t care about [crosstalk 00:13:29]

Jill DeWit:                           Stop that!

Jack Butala:                       I don’t care about material stuff at all.

Jill DeWit:                           True.

Jack Butala:                       I mean, you know, you can walk in and buy a TV for $500, or you could walk and buy or $5000.

Jill DeWit:                           Right.

Jack Butala:                       I will always choose the $500 TV.

Jill DeWit:                           Exactly. Isn’t that funny?

Jack Butala:                       But I will buy first-class ticket on an airplane.

Jill DeWit:                           Yeah, that’s true.

Jack Butala:                       Even if it’s the same numbers, $500 or $5000, I will-

Jill DeWit:                           And you’re going to arrive at the same time.

Jack Butala:                       Yeah. I will. What’s your thinking about that?

Jill DeWit:                           That was my whole point. You know, you’re not going to get there any faster, based on where you sit.

Jack Butala:                       I don’t know why that is.

Jill DeWit:                           I know.

Jack Butala:                       I guess everybody’s got their stuff.

Jill DeWit:                           I understand that. Everybody does have their stuff.

Jack Butala:                       Okay, let’s play that “Ask A Question” game. Ready?

Jill DeWit:                           Okay, ready.

Jack Butala:                       Business cards.

Jill DeWit:                           No.

Jack Butala:                       IT talent.

Jill DeWit:                           Yes.

Jack Butala:                       Office space.

Jill DeWit:                           No.

Jack Butala:                       Employee talent.

Jill DeWit:                           Yes.

Jack Butala:                       Educating employees.

Jill DeWit:                           Yes! [crosstalk 00:14:22] ding-ding-ding!

Jack Butala:                       Phone system.

Jill DeWit:                           Yes.

Jack Butala:                       I agree with that too. I disagreed with it for a while, but we put a new phone system in and it’s nice.

Jill DeWit:                           Thank you. I fought for that.

Jack Butala:                       [crosstalk 00:14:31] more money.

Jill DeWit:                           Yes, it is.

Jack Butala:                       I agree with you. I did not think … You know, that’s a battle you were right from the beginning.

Jill DeWit:                           I did.

Jack Butala:                       It’s such expensive …

Jill DeWit:                           Thank you.

Jack Butala:                       It’s worth it.

Jill DeWit:                           It is worth it. Sometimes you get what you pay for.

Jack Butala:                       What else? I mean honestly, everybody’s looking to us to say-

Jill DeWit:                           Computers.

Jack Butala:                       Yeah, you should got to spend some money on that.

Jill DeWit:                           Monitors, equipment.

Jack Butala:                       All that. You should always have multiple monitors.

Jill DeWit:                           Where you live.

Jack Butala:                       Comfortable workspace.

Jill DeWit:                           Where you live.

Jack Butala:                       Yeah, you know, that’s important for a lot of reasons, but if I were living by myself in a vacuum, it would be a heck of a lot less important than if I were with you and with children.

Jill DeWit:                           Thank you.

Jack Butala:                       I could live in an RV and be extremely happy.

Jill DeWit:                           What you drive.

Jack Butala:                       I’m not concerned about that as much any more. I have old, old, old classic cheap cars. That I’m really happy with.

Jill DeWit:                           I wouldn’t say “cheap” but we’ll them “old, classic cars.” They’re value. Know what, I want to say this is really good. This is the way you roll, Jack, and I didn’t know about this until you taught me. There’s a point where the car can’t go down any more. You know what I mean? So you know it’s, you’re going to get out what you put into the investment. And I kind of like that. You know, it hits a level where it’s not going to go lower.

Jack Butala:                       Yeah.

Jill DeWit:                           And so I think that makes sense, versus driving it off the lot, where we know what’s going to happen really fast.

Jack Butala:                       Yeah, if we have to talk about that.

Jill DeWit:                           And we know in five years it’s really going to be a lot less, you know, kind of thing. So I … Versus you have a classic car, and it’s taken care of, and it’s maintained, and the engine works great, and you don’t drive it a lot, you know-

Jack Butala:                       Yeah.

Jill DeWit:                           It’s maybe your daily driver, but you don’t drive it a whole lot.

Jack Butala:                       It’s the law of diminishing returns.

Jill DeWit:                           Thank you.

Jack Butala:                       That’s what’s that’s called.

Jill DeWit:                           Thank you. I appreciate that.

Jack Butala:                       Thank you. I think we beat this to death.

Jill DeWit:                           I think so too.

Jack Butala:                       Join us tomorrow, where we discuss how you can’t find good help any more. It’s kind of different than we just said.

Jill DeWit:                           Mm-hmm (affirmative). And we answer your question, should you have one, posted on jackjill.com, our online community. So please put some stuff there!

Jack Butala:                       You are not alone in your real estate ambition.

Jill DeWit:                           That was fun.

Jack Butala:                       It was.

Jill DeWit:                           I liked playing the “Do we spend money on a …” game, “Do we not spend money on a …” game. And you know what? It’s really funny, going into this show, I was thinking okay, I’m thinking like, we wrapped up with the business expenses and I was thinking, and life expenses, so I really thought that’s how the direction the show would go, but when you made the comment about time, I’m like, that’s the most important part. Because your time, whatever you spend your time on, to learn about, to make money, and go forward with, it comes back to the time. It’s what you choose.

Jack Butala:                       I read an article recently-

Jill DeWit:                           What if I chose to be a doctor, and I’m spending all my time in school, trying to be a doctor, it’s not really so much about the money. I mean, it is, that’s expensive, but it’s even more about my time.

Jack Butala:                       I just read an article with this exact topic, and it said, here’s a list of schools that have the highest return for your money. So you pay all this tuition, and then you graduate, or graduated from, a name-brand school, that were on the list, and here’s the schools that provide the greatest return.

Jill DeWit:                           All right.

Jack Butala:                       What do you think’s number one?

Jill DeWit:                           Is it like Harvard?

Jack Butala:                       Yeah, it is Harvard.

Jill DeWit:                           I’d say Harvard, Stanford, Columbia …

Jack Butala:                       Yeah.

Jill DeWit:                           I mean-

Jack Butala:                       It’s all the name-brand schools that we all bash.

Jill DeWit:                           Mm-hmm (affirmative).

Jack Butala:                       But it carries some version of, you know, and they looked at the first ten years out of school.

Jill DeWit:                           Mm-hmm (affirmative).

Jack Butala:                       And those name-brand schools, do you get a better education there? I doubt it. I honestly doubt it. Do you meet some high-powered people that are going to run stuff in life? Probably. And that’s where I think the value is.

Jill DeWit:                           Oh … The connections?

Jack Butala:                       The guy that you’re living in a dorm with the first couple years at Harvard’s probably going to be somebody. And so are you, probably. You know?

Jill DeWit:                           Isn’t that where Woz and … Where did Woz and Steve Jobs meet?

Jack Butala:                       I’m not sure about Steve Jobs, I know that Bill Gates left there. I know Zuckerberg left there. They didn’t graduate.

Jill DeWit:                           But they made connections there.

Jack Butala:                       Yeah, I mean, Steve Jobs was so connected, as a teenager, so connected and understood so well how to leverage investment banking capital, and private investment money.

Jill DeWit:                           Where’d he learn that?

Jack Butala:                       I don’t know.

Jill DeWit:                           Huh.

Jack Butala:                       I don’t know. I haven’t studied Steve Jobs the way I’ve studied Bill Gates.

Jill DeWit:                           Uh-huh (affirmative). Interesting.

Jack Butala:                       But it’s all time.

Jill DeWit:                           Mm-hmm (affirmative).

Jack Butala:                       In the beginning, and so Bill … Steve Jobs had this vision, he was smart enough to say, “You know what? I am not an IT programmer, so to speak. I’m going to use my time to find money, and use my time to find talent, and then just put it all together and manage it.” Manage it like it ended up being a crazy man, to his death.

Jill DeWit:                           Mm-hmm (affirmative).

Jack Butala:                       Versus Gates, where he said, “There’s a point of diminishing returns,” like we talked about.

Jill DeWit:                           Mm-hmm (affirmative).

Jack Butala:                       “And I’m going to, I’m no longer effective as a CEO, I’m a much better philanthroper.”

Jill DeWit:                           Mm-hmm (affirmative).

Jack Butala:                       Jill, you’re bored. I’m sorry.

Jill DeWit:                           No, it’s okay. No, I love it! Uh-huh (affirmative), uh-huh (affirmative).

Jack Butala:                       You’ve mastered that!

Jill DeWit:                           Uh-huh (affirmative). No, keep going. Keep on going, I want you to finish your point.

Jack Butala:                       No, that’s it.

Jill DeWit:                           Is there a point?

Jack Butala:                       Yeah, the point is, you know, you have to manage your time, and manage the resources that you have, incredibly well.

Jill DeWit:                           Mm-hmm (affirmative).

Jack Butala:                       And if you think …

Jill DeWit:                           I’m going to do that all the time.

Jack Butala:                       Oh my gosh.

Jill DeWit:                           On our call. “Uh-huh (affirmative). Yeah. Next!”

Jack Butala:                       “Welcome to my life.”

Jill DeWit:                           No, finish it! You have to … That was it?

Jack Butala:                       That’s it.

Jill DeWit:                           Oh, boy. Woo!

Jack Butala:                       [crosstalk 00:20:06] sit here for examples all day.

Jill DeWit:                           Let me save everyone here. “Share the thought!” [crosstalk 00:20:12]

Jack Butala:                       This is what she does. She says, “Oh, no, finish, finish! Mm-hmm (affirmative). Oh, no, no, I want to hear what, I’m genuinely … Mm-hmm (affirmative). I’m genuinely interested … Mm-hmm (affirmative).” That’s what goes on! That’s my whole life!

Jill DeWit:                           Well, that was a beautiful story. Thank you for your … Plus you’re, if you like these beautiful stories, subscribe on iTunes and you can hear more beautiful stories [crosstalk 00:20:34] there! We are Jack-

Jack Butala:                       Unfortunately for you, you can’t unsubscribe on iTunes, I don’t think.

Jill DeWit:                           Yeah, you can.

Jack Butala:                       Oh, can you?

Jill DeWit:                           Yeah, you can. Hey, we are Jack and Jill-

Jack Butala:                       Information-

Jill DeWit:                           -and Inspiration-

Jack Butala:                       -to buy undervalued property.

If you enjoyed the podcast, please review it in iTunes . Reviews are incredibly important for rankings on iTunes. My staff and I read each and every one.

If you have any questions or comments, please feel free to email me directly at jack@jackjill.com.

The JackJill Family of Companies include:

https://jackjill.com

https://offersacademy.com

https://offers2owners.com

https://titlemind.com

https://landinvestors.com

https://landacademy.com

https://landpin.com

https://parcelfact.com

I would like to think it’s entertaining and informative and in the end profitable.

And finally, don’t forget to subscribe to the show on iTunes.

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LA 1998 WP

How To Be Successful At Flipping Land (LA 1998)

In this podcast episode, learn how Jack and Jill successfully flip land. They emphasize the importance of experience and knowledge in the land flipping business, and highlight the value of learning from those who have been in the industry for a long time. They outline

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LA1997WP

Respond To Change in Real Estate 2024 (LA 1997)

Jack Butala and Jill DeWit explore the real estate market, discussing the anticipated stagnation in 2024 and offering valuable insights for investors. Jack shares three crucial strategies to thrive in this shifting market: increasing offer volume, recognizing the rise in rental demand, and predicting demographic

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No need to hire staff - we did it for you.

Land Academy PRO is the brainchild of founders Steven Jack Butala and Jill DeWit. Designed at the request of Land Academy members who are ready for a higher level, we’re excited to continue to provide the tools and support needed by professional investors.

Each level comes with a preset amount of included data, Concierge Mail service, and postage. For example, the Green level includes 6,000 units of completed-for-you mail completely out the door at no extra cost to you.

All levels include a PatLive introduction and preset script (we will set up your phone answering for you), use of Land Academy’s personal Transaction Team to manage your deal flow, an AirTable (CRM) base setup managed by our (and your!) Transaction Coordinator, personal consulting, regular office hours, and includes your Land Academy subscription cost.

If you’re making this a business, Land Academy PRO takes the work off of your plate so you can focus on the things that matter – like running your business.

Green

$10,060

per Month

Silver

$14,590

per Month

Gold

$19,120

per Month

Platinum

$23,650

per Month

Black

$28,180

per Month

Concierge Data+ (with data) Included mailers each month (data + concierge + mailer + postage). Our team will do your data for it and get it out the door.
6,000 mailers 9,000 mailers 12,000 mailers 15,000 mailers 18,000 mailers
PatLive introduction at no cost We will help you establish your first script and get PatLive set up on your behalf to answer your phones.
$500 value $500 value $500 value $500 value $500 value
Transaction Coordinator Use of our personal Transaction Coordinator team to manage your deals. Trained and ready to go!
$7,500 value $7,500 value $7,500 value $7,500 value $7,500 value
AirTable Ready-for-you CRM managed by your personal Land Academy Pro Transaction Coordinator
$100 value $100 value $100 value $100 value $100 value
Personal Consulting 1 on 1 personal consulting with our Transaction Coordinator each week.
- - $1,000 value $1,000 value $1,000 value
Regular Office Hours Regular office hours with Jack and Jill + our staff. Private for LA Pro Members Only. (Think Career Path Office Hours)
$2,500 value $2,500 value $2,500 value $2,500 value $2,500 value
ParcelFact ParcelFact is included in your LA Pro membership with unlimited pulls.
$150 value $150 value $150 value $150 value $150 value
FREE Career Path Access
$23,000 value $23,000 value $23,000 value $23,000 value $23,000 value
Land Academy No more separate charges - Land Academy is included with LA Pro Membership. This includes all education, tools, support, and future releases.
$300 value $300 value $300 value $300 value $300 value
Subtotal: $8,550 value $8,550 value $9,550 value $12,050 value $12,050 value
Mail Value: $7,500 value $11,250 value $15,000 value $18,750 value $22,500 value
Total Value: $39,050 $42,800 $47,550 $53,800 $57,550
Apply Now Apply Now Apply Now Apply Now Apply Now

Green

$10,060

per Month

Concierge Data+ (with data) Included mailers each month (data + concierge + mailer + postage). Our team will do your data for it and get it out the door.
6,000 mailers
PatLive introduction at no cost We will help you establish your first script and get PatLive set up on your behalf to answer your phones.
$500 value
Transaction Coordinator Use of our personal Transaction Coordinator team to manage your deals. Trained and ready to go!
$7,500 value
AirTable Ready-for-you CRM managed by your personal Land Academy Pro Transaction Coordinator
$100 value
Personal Consulting 1 on 1 personal consulting with our Transaction Coordinator each week.
-
Regular Office Hours Regular office hours with Jack and Jill + our staff. Private for LA Pro Members Only. (Think Career Path Office Hours)
$2,500 value
ParcelFact ParcelFact is included in your LA Pro membership with unlimited pulls.
$150 value
FREE Career Path Access
$23,000 value
Land Academy No more separate charges - Land Academy is included with LA Pro Membership. This includes all education, tools, support, and future releases.
$300 value
Subtotal: $8,550 value
Mail Value: $7,500 value
Total Value: $39,050
Apply Now

Silver

$14,590

per Month

Concierge Data+ (with data) Included mailers each month (data + concierge + mailer + postage). Our team will do your data for it and get it out the door.
9,000 mailers
PatLive introduction at no cost We will help you establish your first script and get PatLive set up on your behalf to answer your phones.
$500 value
Transaction Coordinator Use of our personal Transaction Coordinator team to manage your deals. Trained and ready to go!
$7,500 value
AirTable Ready-for-you CRM managed by your personal Land Academy Pro Transaction Coordinator
$100 value
Personal Consulting 1 on 1 personal consulting with our Transaction Coordinator each week.
-
Regular Office Hours Regular office hours with Jack and Jill + our staff. Private for LA Pro Members Only. (Think Career Path Office Hours)
$2,500 value
ParcelFact ParcelFact is included in your LA Pro membership with unlimited pulls.
$150 value
FREE Career Path Access
$23,000 value
Land Academy No more separate charges - Land Academy is included with LA Pro Membership. This includes all education, tools, support, and future releases.
$300 value
Subtotal: $8,550 value
Mail Value: $11,250 value
Total Value: $42,800
Apply Now

Gold

$19,120

per Month

Concierge Data+ (with data) Included mailers each month (data + concierge + mailer + postage). Our team will do your data for it and get it out the door.
12,000 mailers
PatLive introduction at no cost We will help you establish your first script and get PatLive set up on your behalf to answer your phones.
$500 value
Transaction Coordinator Use of our personal Transaction Coordinator team to manage your deals. Trained and ready to go!
$7,500 value
AirTable Ready-for-you CRM managed by your personal Land Academy Pro Transaction Coordinator
$100 value
Personal Consulting 1 on 1 personal consulting with our Transaction Coordinator each week.
$1,000 value
Regular Office Hours Regular office hours with Jack and Jill + our staff. Private for LA Pro Members Only. (Think Career Path Office Hours)
$2,500 value
ParcelFact ParcelFact is included in your LA Pro membership with unlimited pulls.
$150 value
FREE Career Path Access
$23,000 value
Land Academy No more separate charges - Land Academy is included with LA Pro Membership. This includes all education, tools, support, and future releases.
$300 value
Subtotal: $9,550 value
Mail Value: $15,000 value
Total Value: $47,550
Apply Now

Platinum

$23,650

per Month

Concierge Data+ (with data) Included mailers each month (data + concierge + mailer + postage). Our team will do your data for it and get it out the door.
15,000 mailers
PatLive introduction at no cost We will help you establish your first script and get PatLive set up on your behalf to answer your phones.
$500 value
Transaction Coordinator Use of our personal Transaction Coordinator team to manage your deals. Trained and ready to go!
$7,500 value
AirTable Ready-for-you CRM managed by your personal Land Academy Pro Transaction Coordinator
$100 value
Personal Consulting 1 on 1 personal consulting with our Transaction Coordinator each week.
$1,000 value
Regular Office Hours Regular office hours with Jack and Jill + our staff. Private for LA Pro Members Only. (Think Career Path Office Hours)
$2,500 value
ParcelFact ParcelFact is included in your LA Pro membership with unlimited pulls.
$150 value
FREE Career Path Access
$23,000 value
Land Academy No more separate charges - Land Academy is included with LA Pro Membership. This includes all education, tools, support, and future releases.
$300 value
Subtotal: $12,050 value
Mail Value: $18,750 value
Total Value: $53,800
Apply Now

Black

$28,180

per Month

Concierge Data+ (with data) Included mailers each month (data + concierge + mailer + postage). Our team will do your data for it and get it out the door.
18,000 mailers
PatLive introduction at no cost We will help you establish your first script and get PatLive set up on your behalf to answer your phones.
$500 value
Transaction Coordinator Use of our personal Transaction Coordinator team to manage your deals. Trained and ready to go!
$7,500 value
AirTable Ready-for-you CRM managed by your personal Land Academy Pro Transaction Coordinator
$100 value
Personal Consulting 1 on 1 personal consulting with our Transaction Coordinator each week.
$1,000 value
Regular Office Hours Regular office hours with Jack and Jill + our staff. Private for LA Pro Members Only. (Think Career Path Office Hours)
$2,500 value
ParcelFact ParcelFact is included in your LA Pro membership with unlimited pulls.
$150 value
FREE Career Path Access
$23,000 value
Land Academy No more separate charges - Land Academy is included with LA Pro Membership. This includes all education, tools, support, and future releases.
$300 value
Subtotal: $12,050 value
Mail Value: $22,500 value
Total Value: $57,550
Apply Now

Disclaimer: *We have a monthly “use it or lose it” policy with mail and data – Land Academy PRO is designed to keep you on-track and consistent.

To cancel, all packages require a 30 day notice to move you back down to regular Land Academy membership.

Office Hours Schedule

Scheduling a Career Path interview call is currently on hold and will resume closer to Fall 2024 as we approach Career Path 10.

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