Staying Involved in a Professional Grade Land Investor Group (LA 1313)
Staying Involved in a Professional Grade Land Investor Group (LA 1313)
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 staying involved with a professional grade land investor group just like Land Academy.
Jill DeWit:
The value of this is-
Steven Butala:
Every role, every professional job I’ve ever had where I worked big company, small company, usually bigger companies more so, they have a thing called continuing education, which I’m a huge fan of, and that’s what the show is really about. We didn’t want to just throw out some program and then not support it. And so we supported it in a million ways by land investors site, doing a Thursday webinar, and I can list off all the stuff. We do this daily show so we’re big fans of continuing education and updating stuff as it happens.
Jill DeWit:
I completely agree with everything that you just said. Even for me, I see it a little bit different, which it’s like an alumni group. It’s like a fraternity. How about this? I see this as being with investors at your level and always wanting to be involved with investors at your level because there’s going to be times you help each other out. Hey, remember that deal we did back in 2000 and whatever? Do you want in on this one? I got one of those again and I need a money guy or whatever it is. There’s going to be something-
Steven Butala:
You’re going to run out of something. For us, it’s always money. And just now we have-
Jill DeWit:
Or expertise or something.
Steven Butala:
Endless capital to buy the… We both know that we’re good at buying property, really cheap. But when you spend $4 million in a month on acquisitions and then you’re rolling through them and they’re smoking deals, you start to bring in partners. And it’s good to be involved in a group, which is what this is, and have access to stuff like that.
Jill DeWit:
I want to talk more about this in a minute on the show here.
Steven Butala:
Oh, yeah.
Jill DeWit:
Thank you.
Steven Butala:
Before we get into it, let’s take a question posted… I got ahead. Posted by one of our members on the landinvestors.com online community. It’s free.
Jill DeWit:
John wrote, “I have a potential parcel acquisition that is bordered on one side by a railroad. The road has an access road that runs parallel with it as well. It’s a desert property in Northern Arizona. Is this a bad thing or does it even matter? Thanks.”
Steven Butala:
Jill?
Jill DeWit:
I think it’s great. I heard access road.
Steven Butala:
You got to be real careful on-
Jill DeWit:
Depending how big it is.
Steven Butala:
On utility access roads like in the mountains where there’s really large power lines coming out of a power plant. A lot of times there’s gates and stuff. This is not my first choice on property. And if you put a gun to my head and said, “Is railroad property good or bad?” I would say bad. I think there are some positives to it. Number one, it’s not out in the middle of nowhere, right? There is something there still, but in general, we’re experiencing… Here’s the reason I included this question. We are experiencing as a group, certainly Jill and I, but as a whole group, some of the best acquisitions we’ve ever done ever because of this COVID because people they need money. They’re in a situation where a life event happened, that COVID happened or probably some job related thing or where people are passing away, and they’re selling us their property. So I don’t think you have to sell.
Jill DeWit:
We could be pickier now, which is true. Bordered on one side by a railroad and it’s 40 acres, I’m not going to worry about it because I could be over here. 40 acres is pretty big with the railroad way over there. You know what I’m saying?
Steven Butala:
It’s not the railroad itself that’s noisy or anything. I don’t care about that. Railroad access road concerns me. It’s not a public road. Is it closed?
Jill DeWit:
Oh, I heard what you’re saying. You’re saying that’s the only access you have. Now, I’m concerned. Okay. I missed that part. Okay. I was just like, “There’s a railroad way over there.” I’m like, “I don’t care. That’s great.”
Steven Butala:
That’s actually good. If it’s adjacent to a railroad and you’ve got like a county road on the other side, that’s fantastic. That’s actually more positive than not. Today’s topic, staying involved with a professional grade land investor group. This is the meat of the show.
Jill DeWit:
How much easier is it to be not on an island and with no one to bounce things off of for almost everything that we do? And I mean, I’m talking personally us, not even just somebody who’s brand new. I personally, lean on our advanced group, I lean on you, I lean on my team.
Steven Butala:
Yeah. Look at us. We’re the first two members. Look at how much better we do together.
Jill DeWit:
And we’re the last two.
Steven Butala:
We will be.
Jill DeWit:
You’re looking at it right here. But I can imagine, like even being… We talked about doctors and other occupations and things yesterday and stuff. Just imagine being a doctor. I’m going to be doctor. I went through all the education. I learned everything I knew. I know how to do surgery. Now, I’m going to a remote island and I never talked to anybody else about it. I never know new technology. I never know what comes up. I never know new methods. I never know there’s a better way to do something. I never know all this. I never pick up a book. I never talked to somebody.
Steven Butala:
A new way to get customers even, a new way to get paid for doing surgery. In every profession you’re in, there’s new stuff that happens, especially with the way computers are. There’s new technology. That’s not how I saw this.
Jill DeWit:
That’s how I see it.
Steven Butala:
I mean, it’s good that you see it differently. If this doesn’t convince you, I don’t know what will and you know what I’m going to say. Every live event we have, people end up sitting next to each other, and we hear two years later that they are lifelong financial partners. One guy funds everything, one guy does the deals and they made $17 million together. They come to the next year and they say, “Oh yeah, last year I got stuck sitting in that guy and now we do everything together.” I probably have 30 examples of that and not just the live event, but they tell Jill. They sent an email. So either better together or you’re not. And what better way to do this than be in a professional group like this.
Jill DeWit:
Mm-hmm (affirmative). This topic is about again, our staff brought this up, like we haven’t shared in a while what really goes on behind the scenes with our group, how much we help each other, how beneficial it is, and you’re not alone. We throw that saying around you, “At the end, you’re not alone in your real estate ambition.” We really mean it. It’s kind of like even our weekly calls. I can’t imagine. I wish I had us. Gosh, I wish I had us 10 years ago, to bounce things off of. My life is easier. And again, even our advanced group, we have a WhatsApp channel that we all talk about and we all share notes. And some of it’s funny, some of it’s like, “Hey, have you been in this situation before?”
And even just our online community, I’m sure that’s why bigger pockets got started and is big as it is. We did our own land investors because we were like, “Hey, we need a land only way to communicate,” because it was just going in 18 different tangents and I couldn’t find my people in there. So that’s part of why too we made our own online community because like, “I need to be able to communicate with the people who are doing deals like I’m doing and understand what I’m going through.” So I guess I’m just talking about it, letting you know what’s here and it applies to everything. No matter what you do, you should be… In the restaurant business, you should be all talking with each other and sharing things.
Steven Butala:
And growing.
Jill DeWit:
Mm-hmm (affirmative).
Steven Butala:
If you’re not growing, you’re dying. I had a football coach say this all the time. “Tomorrow, you’re going to be a better football player or a worst one, but you’re not going to be the same.” And so in a lifetime long relationship like Jill and I, hopefully every day you grow and not die.
Jill DeWit:
Truth time. Some days are better than the others like everyone.
Steven Butala:
This is an original Steve saying, more education is always better. Always. I don’t care what it’s about, no matter how painful it is and how long it takes. You’re always going to come out of it better.
Jill DeWit:
I’m hardwired. I’m hardwired that way. I’m also hardwired that, which is very true, and I see this in our community that the more you give more you get and I really mean it because if you put it out there, like you’re the pro at whatever. Say you’re the pro at undoing title issues related to these types of someone passing on whatever it is, you can keep it to yourself and just be the only guy because I promise you, if you share and help other people, there’s a lot of people are going to say, “Can I just pay you to do that for me? And guess what? I got a little side business.” I’m just dreaming up stuff, but stuff comes back.
Steven Butala:
You buy a piece of property and you sell it. If you buy a piece of property for $8,000 and sell it for 16 and you tell people about it correctly from an informational standpoint, you will never be left alone again without having access to money.
Jill DeWit:
True. Boy, that’s a good one.
Steven Butala:
So then your job becomes to stay educated and involved in a group and using technology as it grows to become a better acquisition person.
Jill DeWit:
That’s what we do.
Steven Butala:
That’s what this group is for. And you can do every single one of those things with other people in our group. Everybody in our group is six months after you are right now, not everybody, but I’m 25 years after you are right now, but there’s tons of people in our group that are where you are right now. They’re six months ahead or a year ahead or two years ahead or five years ahead or four deals ahead or 40 deals ahead. There’s not a thing that you can ask in this group that isn’t going to get answered very directly and like truth time real.
Jill DeWit:
Mm-hmm (affirmative). You know what’s great too still? You want to be in the type of environment where no one’s intimidating and we’re not, because you know what? I’m here to tell you there’s even to this day and I know you will agree with me, there’s situations that come up I’m like, “Wow, I’ve never seen this one before.” It’s kind of funny.
Steven Butala:
Like how you have to hold land in Louisiana or Georgia or something.
Jill DeWit:
You know there’s things that always come out and always changing. Yeah. You just go with it and that’s why you have a group and you help each other. Happy you could join us today. Monday through Friday, you can find this right here on the Land Academy show.
Steven Butala:
Next Monday, join us for another interesting episode because you are not alone in your real estate ambition.
Jill DeWit:
Did you say everything you want to say about that? I just want to talk about that for a minute because we hadn’t.
Steven Butala:
These shows this week we’re very driven by customer service, which is good because I do want to answer people’s questions, but they’re like very, very, very basic, “Hey, is this a good or not? Is it okay? Is Land Academy okay or not?”
Jill DeWit:
Well sometimes, we just need to hear that and sometimes it’s good to be reminded. Don’t you remember? You know what? I’ll tell you. Truth time.
Steven Butala:
I love this truth time.
Jill DeWit:
Here’s my example. There are days, I’m not saying today’s one of them, I’m not saying today’s not one of them. We’re not necessarily on the same page, but we fake it well and we’ll be out-
Steven Butala:
Or not.
Jill DeWit:
Or not. And we’ll be out to dinner and one of us said something really nice because that’s just how we are for the other person. And someone will see it and say, “You guys are amazing. I cannot believe you’re like that with each other.” And you know what? It’s just a little reminder of, “Yeah, we are really good together.” So you know what? I think that’s what this week is, a little reminders of, “Damn, we are that good. We are that good together. We are that great of a group. We’re here for the right reasons.” And I appreciate you.
Steven Butala:
I appreciate you too sweetheart.
Jill DeWit:
Thank you very much. Thank you for tuning in. And we hope you find our content valuable and we do appreciate your support. If you haven’t already, please check out our YouTube channel and hit the subscribe button.
Steven Butala:
And your comments and suggestions really actually help us create the type of content that you’re here for. Hitting the like button seriously on your favorite episodes helps to support our channels algorithm engage your actual interest for future shows. It’s all about the data here.
We’re Steve and Jill.
Jill DeWit:
We’re Steve and Jill.
Steven Butala:
Information.
Jill DeWit:
And inspiration.
Steven Butala:
To buy undervalued property.
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