Lease or Buy Primary Residence (JJ 678)
Lease or Buy Primary Residence (JJ 678)
Transcript:
Jack Butala: Jack and Jill here.
Jill DeWit: Hello.
Jack Butala: Welcome to the Jack Jill Show, entertaining real estate investment talk. I’m Jack Butala.
Jill DeWit: I am Jill DeWit, broadcasting from sunny, soon to be rainy, southern California.
Jack Butala: Today, Jill and I talk about leasing or buying your primary residence. Seems like a simple thing, but it really can trip you up.
Jill DeWit: Oh my goodness.
Jack Butala: At any point in your life.
Jill DeWit: It could sink the ship for some people.
Jack Butala: Have you heard of this term, “house poor?”
Jill DeWit: Yeah.
Jack Butala: I’ve known people that are just house poor. They purchase such an expensive house that they don’t have any money left for anything else.
Jill DeWit: I know.
Jack Butala: Including real estate investment.
Jill DeWit: Where did they get that advice? Where does that … I know people, too, they think that they’ve, for some reason in their heads, they have to sink every last dollar into it because, “Oh, it’s pay off some day.”
Jack Butala: Right, or it’s the best investment. Well, we’ll talk all about it.
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: Okay. Shea asks, “I haven’t done my first deal yet, so I apologize if my question seems naïve. I got a call regarding a property that is rural desert area. The lot in question is three acres and sits catty corner to a lot about the same size that is occupied. Like many people who actually make their home this far out from town, satellite images show that they have made full use of their property and have various outbuildings, derbies, I don’t know what … couple of broken down cars, and overall looks somewhat junky.”
Jack Butala: That’s a really nice way to put that. Congratulations, Shea.
Jill DeWit: Right?
Jack Butala: There’s a bunch of stuff everywhere.
Jill DeWit: “While I’ve seen worse, I’m concerned about its proximity to the property that I’m looking at making it unsellable. On a scale of one to 10, one being tidy and 10 being a rotting junk heap”-
Jack Butala: One being Jill, 10 being me.
Jill DeWit: What? No. No, no, no. “I’d call this one a strong seven. I guess what I’m asking is when you guys are faced with this situation, how do you approach it? What kinds of things do you look for? What would kill the deal? How do you address the issue with the seller if you already have a signed offer? I know every case is different and I’m actually buying this property at a discount, but I’m obviously concerned about my ability to resell it. Even at a discount, do people still want properties next to junky neighbors, or am I just opening myself up to a headache? Thanks in advance.”
This is a common, common, very good question.
Jack Butala: It’s a great new person question, and I have a to to say about it, but I’m gonna let you go first.
Jill DeWit: Oh, I was gonna let you go first.
Jack Butala: Oh, okay. This is an attribute, not a problem. The only reason that you wouldn’t buy property, let me put it this way. When you’re buying rural, vacant property, the more things that make it unique, or the more things that make it potentially livable, the better off you are. In this case, this guy may have, the neighbor may have taken a junky approach to this, but they figured out how to live there. They figured out what to do with electricity and power and sewer and water.
So, that’s-
Jill DeWit: And access.
Jack Butala: I look it at like that person’s done a lot of the work, albeit maybe not how we would go about it, they’ve done it.
So, that alone, because the person who’s gonna buy this property has probably taken the same approach to life, if you’re gonna sell it to a non-investor, you’re gonna sell it to the end user, they might have a bunch of crap that they want to put all over their property just like this guy.
Jill DeWit: Yeah. Who’s to say it’s gonna be a little house on the prairie gorgeous little cabin?
Jack Butala: Exactly.
Jill DeWit: We don’t know what they’re gonna do with it.
You know what I was gonna say, too, I don’t know if you thought about this, Jack, but three acres is bigger than you think it is.
Jack Butala: Yeah.
Jill DeWit: That’s-
Jack Butala: Three acres is 130,000 square feet.
Jill DeWit: Mm-hmm (affirmative). It’s-
Jack Butala: Your house that live in is probably about 1,200.
Jill DeWit: Right.
Jack Butala: So, go ahead.
Jill DeWit: No, that was it.
Jack Butala: It’s a lot of square footage. Then access. So, this person also figured out how to get to the property if somebody’s living there, so.
There’s two types of rural real estate. Ones that you can get to and ones that you can’t. Think of just a picture, a square, of a piece of property in the middle of the desert, which we often come up with. We often get signed purchase agreements back on. That’s not as desirable as this, so in a nutshell, the shorter answer is, I would buy it.
Jill DeWit: Yeah, you know what he just said, it’s at a discount, it’s a good price, so I wouldn’t have a problem with it.
Now, one more thing, though. If for some reason, Shea, this is just not sitting right with you, don’t do it. How do you get out of it? You just tell the seller that, “You know what? I did my research and it actually doesn’t meet my criteria, and thank you very much.” Let me tell you. Deals fall through all the time, and I’m talking, let me share one.
Jack Butala: I hope it’s probably the same one I’m thinking of.
Jill DeWit: I can say that even investors that go through the whole process of doing formal with, through a realtor, offer, you know what I mean? All signed, all everything through there, and you’re opened escrow like it was all that legal and legit, they could still change their mind and go, “You know what? Nevermind. We don’t want to do this.” And walk.
Jack Butala: Right.
Jill DeWit: So, I don’t like that because I hate it when it happens to me-
Jack Butala: It just happened.
Jill DeWit: Right. So, heres’ my thing. Do the right thing and do it quickly. Just say, don’t drag it out, and that’s fine. At least this person, it was only three days. It could’ve been five days, seven days, 10 days. We were gonna close in 10 days, they could’ve done it the day before we were gonna close, technically. But, so I’d say just tell the person quickly, “Thank you very much. I know you accepted my offer. Doesn’t meet my criteria after all. I’m sorry.”
Jack Butala: Well, don’t let this deal go to waste. Go to Deal Board, is it on Land Academy or Land Investors? Go on landinvestors.com-
Jill DeWit: Mm-hmm (affirmative).
Jack Butala: And go to the deal board that we’ve set up for members, if you’re a member-
Jill DeWit: Someone else might want it. It’s true.
Jack Butala: Somebody will buy this. If it’s out of your comfort level, then-
Jill DeWit: Pass it.
Jack Butala: Right.
Jill DeWit: Cool.
Jack Butala: Then one more notable point. There’s a few things that, if you actually visit a piece of property that you see that are a tremendous environmental concern, you need to get back in your car and leave.
Jill DeWit: Good point.
Jack Butala: It all has to do with EPA environmental concerns. Refrigerators are a big problem. If you remember with hurricane Katrina, the Freon in older refrigerators is really toxic. It’s an environmental protection agency issue, and while the EPA is largely bullying group of people who are wrong 95% of the time in my opinion, they’re probably right about this Freon thing. So, if you see old refrigerators all over the place and they’re just leaking, you gotta get out of there.
Anything that’s potential environmental hazard can really affect the acquisition of your property, so you want to stay away from that.
Jill DeWit: Good point.
Jack Butala: But an old car sitting there? No problem.
Jill DeWit: That’s true.
Jack Butala: Just my opinion.
Today’s topic: lease or buy your primary residence? This is the meat of the show. Everybody gets, since we’re real little children, most of the real estate training inadvertently by our parents’ decisions on what they do with their primary residence, with their house. Houses are so important. Everybody needs a place to live. So, this can be really good or not so good.
For instance, my parents purchased the primary residence, or residences that I lived in, and they did okay. They purchased them, they resold them. Jill’s parents did incredibly well for the her early children renting, just renting.
Jill DeWit: Yeah.
Jack Butala: Then made several good real estate deals, I guess, when you were probably out of the house?
Jill DeWit: First house they bought was when I was 18 years old.
Jack Butala: Mm-hmm (affirmative).
Jill DeWit: They bought it from a bank, and my mom went to real estate school so she could find the asset and buy it herself without the commission stuff. That was the best they knew how to do it back then.
Jack Butala: So, what do you think about that? You think that affected the rest of your real estate career, watching that?
Jill DeWit: Yeah.
Jack Butala: I do, too.
Jill DeWit: I think it did, too. Because the rate was so great where we were, and this is my first point on this whole topic is where are you in your life? You know what? I didn’t even think about my parents, so thank you for asking. Where my parents were in life was young kids, didn’t have a lot of money, whatever, saving was hard to do. My dad was different jobs, just trying to get going and building up and get on with a good airline back then took a lot of time. So, and it was expensive. So, they rented for, they found a very nice house in a very nice neighborhood in Orange County, California and rented til I was 18 years old.
Then they had a chunk of cash. Dad had got … and then too, I remember, they did it right, as far as I’m concerned. They saved up a chunk of cash so they could buy the right house, and then that set them up from there.
Jack Butala: This is the absolute right way too do this, by the way.
Jill DeWit: Mm-hmm (affirmative). Then from there, they went from selling that house, that was in Laguna Hills, to buying a big house in Grapevine, Texas, and that set them up. It kept getting better and better and better.
Jack Butala: Sure. Because they had the time and the resources and the maturity to make good decisions.
Jill DeWit: Well, then, and after that one transaction, I think, is when my dad figured out, wait a minute. You don’t have to be an agent to do this. So, they started buying and selling properties. My dad had his own, he had 10 or so properties in the Texas area that he bought himself, and he was his own landlord and rented them and did it all on his own. So, it was good. It really set the tone and I think they did it right.
Jack Butala: I’m a huge fan of renting your primary residence for a bunch of reasons. I just don’t think, I think the old school model that at least people our age are used to is people from the ’50s and ’60s and ’70s buying property for way, way less money than it’s worth. Where Jill and I live right now, a property could be purchased for $60,000 or $70,000 and it’s worth four or five million dollars right now.
Jill DeWit: I know.
Jack Butala: Those are commercial real estate margins.
Jill DeWit: It’s crazy.
Jack Butala: So, that’s fantastic. That’s great. But people, it’s just to show, people just don’t hold onto properties for 30 years anymore.
Jill DeWit: Right.
Jack Butala: Or even 15.
Jill DeWit: Right.
Jack Butala: There’s a lot of moving around. Most of it’s because job mobility, so the way to make money in real estate is not by paying a mortgage over 30 years anymore. While that was very viable at one point, and still could be viable today if you just know you’re gonna live there for 30 years, I think it’s better to buy property cheaper right up front so that you are purchasing an equity position, a positive equity position, right out of the box.
Jill DeWit: So, you’re saying, this is my thing. Wait, save up your money, pay cash for it-
Jack Butala: Yeah.
Jill DeWit: At the right price.
Jack Butala: Not cash, but-
Jill DeWit: Well-
Jack Butala: Don’t put 3% or 5% down on a property that where you’re just buying it retail out of the MLS with a real estate agent that’s already been all cleaned up.
Jill DeWit: Right.
Jack Butala: That’s one of my points.
My big point is if you’re part of this group, you already know how to make a tremendous amount of money in real estate. You’re already doing it on every single deal, or at least if you’re starting out, you’re learning how to do it. So, you don’t need. Here’s the real problem with buying a primary residence. What’s the first thing that everybody does? “Oh, let’s paint it. Let’s move this wall around. Let’s nest.” All that is is a massive distraction in what I think you should really be doing in life, whatever that is. I don’t know. You probably disagree. There’s something-
Jill DeWit: Jack-
Jack Butala: I am sure, you listener, are better than that. You are better than just moving walls around.
Jill DeWit: Massive distraction. Oh my God. I know that’s how you rank children, primary residence, wife, and children. Massive distraction.
Jack Butala: You know what?
Jill DeWit: Hold on a moment.
Jack Butala: Not you.
Jill DeWit: Oh. Thanks.
Jack Butala: But you’re right about the kids.
Jill DeWit: I know. I know. Oh my gosh. What do you think about, okay, I have a question. We’re just let that go. What do you think about leasing or buying based on the market?
Jack Butala: If you’re in a real down market, like we were in ’11, well, ’07, ’08, ’09, ’10, ’11-
Jill DeWit: Mm-hmm (affirmative).
Jack Butala: And you’re staring at a property that, and you have a good job and it didn’t really affect you-
Jill DeWit: You have cash in the bank.
Jack Butala: You have some money, a rational amount of money to put down, let’s say 20 or 30%, then I think you should maybe think about it. But then ultimately, probably not pull the trigger if you’re young. It’s just a distraction, Jill. It stops you from making the decision that you should be making, even at our age. What if there’s a fantastic …
Jill DeWit: Job opportunity?
Jack Butala: In France.
Jill DeWit: So, you rent it out. You don’t like that?
Jack Butala: No.
Jill DeWit: Oh. Well, I’m a fan, so, here’s my thing-
Jack Butala: Here’s what I love to do.
Jill DeWit: I think it’s-
Jack Butala: Buy a house-
Jill DeWit: All right.
Jack Butala: And sell it for 40 or 50 or 80 or $100,000 more. In some cases, a lot more immediately because that’s the business that we’re in.
Jill DeWit: Well, that’s true. But let’s just say you build up, let’s just okay. Let’s talk about this, then. What about the difference in your bank balance, okay? So, the first scenario is, you’re young, you’re starting out, you don’t have a big bank balance, so man, rent forever. There’s nothing wrong with that. Builds up your balance, builds your balance.
Now, say you’ve been doing this, now I have $300,000 in my bank balance, Jack. Now what different decisions would you tell me to make?
Jack Butala: Is it better to spend, let’s say a, you have 300 grand-
Jill DeWit: Mm-hmm (affirmative).
Jack Butala: You spend $200,000 on a house-
Jill DeWit: Mm-hmm (affirmative).
Jack Butala: Now I have $100,000 left.
Jill DeWit: Mm-hmm (affirmative).
Jack Butala: Now I’m gonna ask you.
Jill DeWit: Mm-hmm (affirmative).
Jack Butala: Or should I take $200,000, buy a house, resell it for 300, now I have that 300, I still have the 100, and then on and on and on. Is that use of that $200,000 better if you’re a proficient investor, or should you spend it on a house that live in?
Jill DeWit: No, I’m saying you’re not an investor. I’m saying somebody who’s not an investor, just somebody … What if I’m a doctor, and I’m very happy being a doctor, and I’ve actually been saving my money. I’m just asking this question because I’m-
Jack Butala: This is, yeah. Doctor is …
Jill DeWit: Well, yeah. I know. Let’s not go there. Maybe that was a bad example.
Jack Butala: If you’re an engineer.
Jill DeWit: You’re a fisherman. Auto mechanic.
Jack Butala: Yeah. Auto mechanic-
Jill DeWit: How about you’re an awesome auto mechanic.
Jack Butala: Auto mechanic marries a teacher.
Jill DeWit: Perfect.
Jack Butala: I think that’s a great example of-
Jill DeWit: And they don’t have kids.
Jack Butala: They don’t have kids.
Jill DeWit: They worked very hard. They’re 30 now.
Jack Butala: Mm-hmm (affirmative).
Jill DeWit: And they have $200,000 in the bank because they worked, they worked hard, and that’s, okay. Would you tell them to go spend 150 on a house-
Jack Butala: Yeah.
Jill DeWit: And pay cash for it?
Jack Butala: Pay cash, yes, I would.
Jill DeWit: And then have, that’s where I was going with that because I thought that’s how you felt-
Jack Butala: You should’ve been a lawyer.
Jill DeWit: And I do, too. Why?
Jack Butala: You just got me to say yes.
Jill DeWit: Oh, it’s not hard. Oh my gosh.
Jack Butala: It didn’t take long, either.
Jill DeWit: Yeah, no, no.
Jack Butala: It really took about eight minutes for you, Jill.
Jill DeWit: Watch me. I can get my way. Watch this. Just kidding.
Jack Butala: Completely make me unthink my whole concept on this.
Jill DeWit: No, because I wanted-
Jack Butala: What Jill’s, all kidding aside, what Jill’s saying is it’s circumstantial.
Jill DeWit: Yeah.
Jack Butala: One way is not right for everybody, but this show is for theoretically people who are interested in buying and selling real estate.
Jill DeWit: Theoretically.
Jack Butala: So.
Jill DeWit: But there might be people listening to us. Maybe three.
Jack Butala: Not anymore. Just heard their buttons all click off.
Jill DeWit: No, okay. But overall, though, my … if you came to right now and said, “Quick, answer this question: lease or buy?” You know what I’d say?
Jack Butala: Lease.
Jill DeWit: Yup. Me too.
Jack Butala: So would I.
Jill DeWit: Yeah.
Jack Butala: Absolutely, so would I. It’s not, if you just look at the money piece … Here’s another point. When you go to buy a house and you do it the traditional way, a primary residence, and you do it through the MLS and there’s agents and lenders involved, you’re spending tens of thousands of dollars, if not 100 grand on fees and furniture and upfront costs because you’re downgrading. You buy a house because you’re aspiring to buy a property in a neighborhood that you potentially can’t afford, probably because your friends did it or some awful reasons.
So, you’re spending … I see people deplete their cash. That’s what bothers me the most about it, is in that save up example, you’ve got a bunch of money saved up, just leave it alone. Or really invest it wisely in something that you’re taking all the risk out of it because you studied it, and that’s how you get ahead in life.
Jill DeWit: Mm-hmm (affirmative).
Jack Butala: Your primary residence doesn’t matter. It’s just an ego thing.
Jill DeWit: Remember the last time we went to [inaudible 00:16:40] where they talked about the upswings and downswings, the boom and the crashes-
Jack Butala: Yeah.
Jill DeWit: Of the real estate market, and what that person’s predictions were? Would you suggest people to start building up a little cash thing and sitting tight for three years and watching what happens so they could good?
Jack Butala: There’s money to be made-
Jill DeWit: Acquire?
Jack Butala: In a high market and in a low market. So, no, I don’t think sitting tight-
Jill DeWit: [crosstalk 00:17:02] about that.
Jack Butala: Watching TV is ever wise.
Jill DeWit: You know what? Okay.
Jack Butala: Does that answer it?
Jill DeWit: What did you say?
Jack Butala: Sitting tight.
Jill DeWit: Sitting tight, watching TV?
Jack Butala: I don’t think sitting tight and just riding it out and watching TV for a few years is ever the right answer.
Jill DeWit: Okay.
Jack Butala: But I think there’s always a reason to have more cash than less.
Jill DeWit: You know, the day trader in you just came out. Flip it. Buy it, flip it, quick, get out, same day. I know, I’m joking.
Jack Butala: That’s not …
Jill DeWit: It’s all-
Jack Butala: I have no day trader mentality, for the record.
Jill DeWit: No.
Jack Butala: That was Jill’s attempt at a joke.
Jill DeWit: It was. I’m sorry. But I do agree, though. Well, because you said there’s money to be made when it’s going up, and there’s money to be made when it’s going down, and it’s true. Because we just, we’re proving that right now over and over again as we’re working on House Academy. Buy it, don’t keep it that long, and sell it. There’s a lot of people that think, that’s, you know what? I think, for me, that’s the main thing here, Jack. I think that a lot of people think that you should buy these properties and plan on 20 years and you will, it will pan out.
Jack Butala: Boy, I’ll tell you, there’s dwindling number of markets where that’s gonna happen.
Jill DeWit: That’s what I’m saying. But I think the mentality out there, because we watched our parents do it.
Jack Butala: Yup.
Jill DeWit: That’s, I think, a lot of our parents bought a $30,000 Hallcraft house in 1970 or ’80 or who knows what, right? They at least doubled their money in a lot of places. So, I think that’s what a lot of people are going, “I’m gonna do that, too.”
Jack Butala: In a couple of days, we have a show called, why the same house, so if you picture that Hallcraft that Jill just said, why that house in Texas is $110,000 and why in California it’s $3.2 million.
Jill DeWit: Right.
Jack Butala: The exact same house in the same condition, and here’s a hint: it has nothing, nothing to do with the real estate itself or the land or any of these economic theories that you have. It has everything to do with, here’s a spoiler, how much money people have in that area.
Jill DeWit: Mm-hmm (affirmative). That’s true.
Jack Butala: So, Jill’s example of the old school model that it will go up is just not the case. I have too many examples starting with father’s last primary residence where he purchased it for $700,000 or $800,000, right on the water in Michigan, lived there for 15 or 20 years, and purchased for the same price. I mean, sold it for the same price.
Jill DeWit: Same price. Good example.
Jack Butala: So, he in effect rented that house.
Jill DeWit: Right.
Jack Butala: So, from himself. But here’s the bad news. Every time the roof started to leak or any kind of maintenance had to go on, he had to come out of pocket for it instead of paying rent.
Jill DeWit: Right.
Jack Butala: Sitting there, asking the landlord to fix it.
Jill DeWit: It’s true.
Jack Butala: So, there’s a lot of ways to cut it, and a lot of them are real estate specific. In that case, he could’ve avoided that if he purchased in a non-traditional way, the way that we purchase real estate, for $300,000 or $400,000, which is what he should’ve purchased it for.
Jill DeWit: That’s true. That’s very, very true. You’re right.
Jack Butala: So, leasing is not as evil, as a tenant, it’s not evil as we all think.
Jill DeWit: Mm-hmm (affirmative).
Jack Butala: Being a landlord is not always the best answer for your primary residence. Being a landlord and owning tons of property and renting them out, now that’s a good idea.
Jill DeWit: Can I add one more thing-
Jack Butala: It is a good, not being satirical. Of course.
Jill DeWit: One more thing that I find really interesting, too. It’s interesting in some markets how what you can lease a house for and what your mortgage payment would be are so different.
Jack Butala: Yeah.
Jill DeWit: So, if you really sit and do the math, I’ll tell you, southern California’s that way. You buy a $2 million, well, $2 million house, your mortgage is, what?
Jack Butala: Well, with taxes and everything, it’s general $5,000 for every million.
Jill DeWit: Okay.
Jack Butala: A month.
Jill DeWit: So, you’re paying $10,000-
Jack Butala: Yeah.
Jill DeWit: A month mortgage, right? But-
Jack Butala: Principal interest, and then some other stuff, but the taxes are atrocious.
Jill DeWit: Mm-hmm (affirmative).
Jack Butala: Taxes here are atrocious.
Jill DeWit: Right. So, that’s what your mortgage would be if you don’t put much down and all that good stuff. But those same homes will lease for half that.
Jack Butala: Or less, right.
Jill DeWit: Mm-hmm (affirmative).
Jack Butala: That’s a great point. So, you just have to really look at the deal and really sit yourself down and your spouse down and say, “Is this really what we want?”
Jill DeWit: Exactly. That’s true.
Jack Butala: Is it worth it?
Jill DeWit: And where are we in our life?
Jack Butala: Mm-hmm (affirmative). And where are we going, and …
Jill DeWit: Right.
Jack Butala: Well, you’ve done it again. You’ve spent another 20 minutes with us, listening to the Jack & Jill Show. Join us tomorrow where we discuss how to find a money partner.
Jill DeWit: And we answer your questions, should you have one. Post it on jackjill.com, our online community. Go there. It’s free.
Jack Butala: You are not alone in your real estate ambition. It’s a complicated topic that we just talked about.
Jill DeWit: I know, it’s true.
Jack Butala: And everybody’s really, I’m sure that half the listeners are saying, “You guys are off your rocker. You have to buy a house.”
Jill DeWit: Yeah, look at how much we made.
Jack Butala: The other half are saying, “I’m really happy I rented my whole life.”
Jill DeWit: I know. Tough one.
Jack Butala: It really, I bet, depending on their age, they have a lot of different, a very different opinion.
Jill DeWit: Mm-hmm (affirmative). Well, even cars. Leasing and buying cars. That, too. It used to be, I know, I remember, I used to … have you noticed a shift? It’s almost like I don’t see as many people or hear, maybe I just don’t hear it, about car leases as much as buying, but I don’t know. Everybody has a different opinion on it, and those depreciate so fast, I’m such a fan of just buying a used car, obviously.
Jack Butala: Yeah, for cash, me too.
Jill DeWit: Mm-hmm (affirmative).
Jack Butala: But if you’re a corporation and you have a fleet, then you should always lease them. There’s tax reasons, and that’s very complicated.
Jill DeWit: Oh, that’s true, too.
Jack Butala: Yeah, there’s big tax issues.
Jill DeWit: Well, you know what, okay. That brings up one thing that we didn’t talk about, too, and I’m gonna ask this last question. I know people that buy homes, even if they have the money in the bank, they will buy a house because they think that it’s better to write off the interest, not pay the whole thing, but-
Jack Butala: Yeah, I’ve heard that.
Jill DeWit: Buy only up to a certain percentage and make the payments on it because it could write off the interest, and I never, that one I can’t wrap my head around.
Jack Butala: That’s the result of a government ad campaign conspiracy quite some time ago.
Jill DeWit: Okay.
Jack Butala: Just like, milk is good for you.
Jill DeWit: Got it. Thank you very much. Okay.
Jack Butala: She ended it right there.
Jill DeWit: I did. Share the fun by subscribing on iTunes or wherever you’re listening, and why you’re at us, please rate us there.
We are Jack and Jill.
Jack Butala: We are Jack and Jill. Information-
Jill DeWit: And inspiration-
Jack Butala: To buy undervalued property.
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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.
