Jill Friday – So Much Fun Looking at Our Properties (LA 1483)
Jill Friday – So Much Fun Looking at Our Properties (LA 1483)
Transcript:
Steven Butala:
Steve and Jill here.
Jill DeWit:
Hey.
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 sweet Scottsdale, Arizona.
Steven Butala:
Today, Jill and I talk about how it’s Jill Friday and how much fun we have looking at our properties right now.
Jill DeWit:
Kind of eating your words.
Steven Butala:
I thought you said never go look at your properties. You should never leave your desk.
Jill DeWit:
Yeah, you lose money.
Steven Butala:
Well, this is the way we do it, it’s kind of fun. 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. If you’re already a member, please join us on Discord.
Jill DeWit:
Of Land Academy. That’s right.
Steven Butala:
You will learn stuff. I learn stuff every day.
Jill DeWit:
Cool. Dave wrote, I’ve got several sellers lined up from my first mailing and I wonder which deed to create and mail to the notary for the transfer? The initial deal is from a seller who’s owned the property since the early 90s, and the county website says he purchased a quick claim deed following a public auction. I just told him I would send him a deed to sign without bothering to figure out what kind of create. How do you decide which deed to use? I use DeedPerfect.
Steven Butala:
Whatever it spits out.
Jill DeWit:
Yeah. For the most part. For the most part, hold on a moment.
Steven Butala:
DeedPerfect is a site that we own.
Jill DeWit:
Let’s just say, because most of the time, you do need to check and make sure, but usually most of the time it’s a normal transfer. Where’d you go? And it’s saying California. It’s a grant deed. Other places, it’s a special warranty deed. That’s usually what we’re doing. I’m not going to do another quick claim deed, that’s used for a certain situation. [inaudible 00:01:52] back up, Dave, first just kind of researching, it’s really easy to, research in google types of deeds and what they mean.
Steven Butala:
It’s very state specific.
Jill DeWit:
You need to first understand what is a warranty, what’s a quick claim deed, what’s a trust deed. There’s different kinds of deeds, treasurers deed. Just because they obtained the property that way, this is one of the mistakes that I made originally. I had a property, I’m looking at a treasurer’s deed, and I was brand spanking new at this. And I thought, okay, you always copy the same deed before. So I’m redoing it and I called it a treasurer’s deed. I’m not a treasurer, I don’t do a treasurer’s deed. So, you just need to understand what the deeds are, first of all, and who uses them.
Steven Butala:
Thank you for not asking me which one to use.
Jill DeWit:
Oh, you’re welcome.
Steven Butala:
I really appreciate that you don’t ask me that.
Jill DeWit:
I learned, I learned, like, oh, so I’m not a treasurer so you don’t use a treasure’s deed. That’s just how they bought it. Now, when I sell it, now it goes to a special warranty deed. Say if it’s that appropriate state, California might be a grant deed. So my cheat sheet, first of all is, I use DeedPerfect because for the 99% of normal transactions that you’re doing, the deed is universal and it can be found in deedperfect.com. And we made this site to solve this problem for everybody. If you’re a Land Academy member, it’s free. Everybody else is like a hundred bucks. Rocket Lawyer, and those guys are like 200 bucks, or it’s like a couple hundred bucks for one deed. Ours are $99, that’s it.
Steven Butala:
We got tired of doing our own deeds. We were doing so many deeds that we said, you know what, we need to build a site and we’re not going to pay Rocket Lawyer or whatever else. The way that those sites are set up, it’s not set up for what we do.
Jill DeWit:
It’s not to spit out a deed, I don’t know what it’s used for, to gather your information, to sell you other stuff I guess.
Steven Butala:
I don’t know.
Jill DeWit:
I just want a flippin deed.
Steven Butala:
That’s how all these tools that we have, Offers to Owners-
Jill DeWit:
I just need a deed, man.
Steven Butala:
Offers to Owners was created by us out of frustration with dealing with bulk mail companies that didn’t understand what the hell we were doing.
Jill DeWit:
And Mail Merge Drama.
Steven Butala:
Yeah. All these tools. DeedPerfect was created because we were so tired of doing our own deeds that we just wanted to put in some information into a website and have it kick the deed out for us.
Jill DeWit:
And it does. So you just go in and you fill in grantor, grantee, legal description. And then it just spits it out for you. And it also spits out the supporting documents, which for me is a nice sort of checklist. Some states have affidavit of property value, extra little documents that they need for the treasurer or the recorder or the assessor. P Corp, things like that, it spits all those extra things out for you. That’s what I say, Dave. Do a little, few minutes, google it, double check if you need to do anything special in this situation. And I’m guessing you don’t. And then go to DeedPerfect and you could create really easy, and you don’t have to sit and type and get the format right. By the way, the font size, the format, the actual font, everything like that is set up for you because some recorders have a very specific way that they want this done. And it’s all in there for you. Did I answer that?
Steven Butala:
Yeah, I mean, that’s always, this comes up all the time. It’s a good question.
Jill DeWit:
It’s a good question.
Steven Butala:
There’s some stuff that just never changes and it’s not good. And deed types is one of those things.
Jill DeWit:
Yeah, it doesn’t really change.
Steven Butala:
It’s been this way since the 1800s in this country, the deed drama.
Jill DeWit:
It’s interesting. My last point, if you screw it up, who cares. I know a lot of people like, it came back from the county, and I made a mistake. I don’t own it, I did this wrong. What am I going to do? Usually, there’s a quick fix, you can do a corrective deed, you can redo the deed depending what the situation is. This is why too I always say, have a great relationship with your seller. So in case you need to go back to him as I have.
Steven Butala:
Call a recorder.
Jill DeWit:
And a recorder too.
Steven Butala:
If you can speak their language and you’re really nice to them, they’ll tell you, oh yeah, this is how we do it and this is why. And the really good ones will, Jill, sometimes when we’re really new in an area, she’ll say, look, can I just send you this deed on the email, and you can just look at it and make sure it’s okay, and then I’ll get it signed and go through all the stuff because I want to make sure we’re doing it right for you. They’ll appreciate that.
Jill DeWit:
I call them. I usually call them and just say, I call them and say, here’s what I’m sending in, I have a two page document and I have this, this, and this. Am I missing anything? And my check’s made out to this in the amount of this. And they’re going to go perfect, done. Thank you. And then even as an extra insurance, I put a sticky note in there with my phone number and saying, in case I missed anything or I screwed anything up, please let me know, and they’ll call you.
Steven Butala:
They’re going to treat you how you treat them. So if you’re super nice to them-
Jill DeWit:
Super cool.
Steven Butala:
Let them know that you care, you want to do it right, it matters to you to do this correctly. I’ve gotten deeds from sellers, this is way before jail that were just handwritten. All just scribbly, can’t read it, and they’ve recorded it.
Steven Butala:
Today’s topic is Jill Friday. So much fun looking at our properties. This is the meat of the show.
Jill DeWit:
So I wanted to talk about this today because I wanted to clarify what Steven said a minute ago, what do you mean you left your desk? So we, for a couple reasons, all business related, well, not all business related, and fun related, have purchased a new rig to go out and look at stuff and just have some fun. So, we went out for the first time last weekend for four days and went to areas that happened to contain property that we own. So it was twofold. A, just get the heck out of the house, get away from the kids, get away from life and just be out in nature, have some fun. B, see if this is, so it’s threefold. B, see if we can handle this, are we these kind of people. And then C was, let’s look at some of our property, why not? And we had so much fun.
Steven Butala:
We’re going to make a show out of it.
Jill DeWit:
Yeah. So we’re going to use this for business for a couple reasons. I went out and took some extra pictures standing on, me standing on our property, which is kind of cool. And then we did some videos. And then just showing us out loving the land. This is what happened to me. So I’m out there going, I didn’t even know we were these people. I’m out there, we’re out rolling around in our RV, and it’s a class C, it’s 24 feet, it’s a Mercedes chassis kind of thing. We’re not roughing it folks. We’re not intense. We’re out there boondocking for part of it. One place we had hook ups, the other places we did not. And it was great. We had so much fun. I didn’t know that.
Jill DeWit:
And it was really an eye opener for me because we’re out there driving around at some of our properties and seeing how it’s being used by our buyers. And what a nice, easy, simple, inexpensive, happy life these people have created for themselves. Maybe they have built mobiles and put them on there. Some of them they built homes on there. There’s all kinds of different ways that they’re using these properties that we obtain and sold at a great price. A, it makes me rethink, wow, what are we doing, we’re over here. This is not a bad life. And then also, it made me rethink that our business model is awesome. I love it.
Steven Butala:
I do too. I love looking at land.
Jill DeWit:
I have such a sense of pride now too. Going out there and seeing people that bought property for me and having a nice life living off this property makes me feel awesome.
Steven Butala:
Me too.
Jill DeWit:
So I wanted everyone, I brought this up in the ladies group last week, and I brought this up a little bit I think in Career Path. I hope you enjoy and appreciate what you do as a business like I do, because you really are helping people. We’re buying property at a good price and selling it at a great price too. So these people can now afford to have the life they want and live wherever they want.
Steven Butala:
One of the people at Career Path yesterday said, she said, on the weekend, my husband and I just go look at land, not even our land. We love land. I’ve always been that way. When you couple that just innate interest in real estate and land specifically, and the fact that you understand numbers and math, and you’re a very logical candidate to be a Land Academy member or land investor, not necessarily a Land Academy member. I’ve always been that way.
Steven Butala:
I sold some property one time to a guy, this is long before Jill. We bought a ton of property from a nonprofit. Over the years, people would donate property when they pass away in their will to this nonprofit in Northern Arizona. And this guy, I posted it all on the internet, he called me and said, I want all of it. And I did end up selling all of it to him. And it turns out, none of it had access. But that’s what he wanted. He wanted to be not found. And so, he got one of those Jeep crawlers, and he’s like, I have never had so much fun in my life ever. Finding these properties with GPS coordinates and then just camping on it.
Jill DeWit:
Exactly. So it was awesome. I love it. And I can’t wait to go again. So that’s what we’re doing now. We’re thinking, all right, how far do we want to go?
Steven Butala:
The intention is to make a weekly show out of it on YouTube. We’ll get it all miked and camerad up.
Jill DeWit:
Half of it is comical.
Steven Butala:
Yeah. Us failing.
Jill DeWit:
Oh my gosh.
Steven Butala:
When I say us, I mean me.
Jill DeWit:
The first day. I have shared this, I will share it publicly now. The first day, we wanted to kill each other. Oh yeah. It was great. Who was driving the RV back because the other person was going to be left alongside the road.
Steven Butala:
First night we stayed in a hotel.
Jill DeWit:
Oh no, it wasn’t a hotel.
Steven Butala:
Jill said, I feel like I should be dyeing my hair because we just committed felonies.
Jill DeWit:
It was that kind of wood panels, you call this a towel, this is a washcloth motel.
Steven Butala:
I slept with my clothes on. It’s that bad. I don’t have any standards. I don’t have any cleanliness standards in life.
Jill DeWit:
With the car keys in his pocket because we couldn’t figure anything out. And we were like, this rig is awful. It’s brand new.
Steven Butala:
Nothing works in it. Nothing works. It turns out there was nothing wrong with the RV at all and everything wrong with us.
Jill DeWit:
It was great.
Steven Butala:
It’s brand new. We don’t ever buy anything new. I’ve had one new car in my entire life and then this thing. And we intentionally bought it brand new because it’s like, I call it Barbie’s dream camper because it’s all clean inside, it’s all Jillified.
Jill DeWit:
If you’re thinking about doing this, let me tell you the actual progression. Day one, you’re going to want to kill each other, send it back, it’s a stupid idea. Whose idea was this? We spent way too much money. Nothing works. We’re selling it, I don’t care if we give it back. Those are the emotions that go through your head. Then the next day.
Steven Butala:
You figure one thing out.
Jill DeWit:
The next day you wake up, you do start calling the dealer [inaudible 00:13:51]. You got the dealer and you got the warranty in your hand. And you’re working on this while you’re trying to solve a few things and you realize, oh, okay, that worked, because you got paperwork in your hand now you’re slowly figuring this out. Day three, you feel like a pro. And day four, you can’t wait to go out again.
Steven Butala:
Day four, you’re planning the next trip. It all starts with conquering one thing, like turning on the water.
Jill DeWit:
Like getting the fridge to work. This is a cheap TV anyway. I guess it needs power. Oh gosh. That was fun anyway. You’ll see. We’re going to document this better as we go along. It’ll be funny. My goodness. Happy you could join us today. Five days a week, you can find us right here on the Land Academy Show.
Steven Butala:
Please join us next for another interesting episode. You are not alone in your real estate ambition.
Jill DeWit:
When are we leaving, Saturday morning?
Steven Butala:
Yep.
Jill DeWit:
Okay, good. Oh, that’s tomorrow cameras.
Steven Butala:
We need some cameras. Oh, it is tomorrow, yeah.
Jill DeWit:
It is tomorrow. This is going to be good. I can’t wait. Thank you for tuning in. We hope you find our content valuable and we really do appreciate your support. If you haven’t already, please check out our YouTube channel. You might by now, who knows, see some RV images up there. We’ll see. It’ll be coming soon. And if not, hit the subscribe button and give us feedback on the shows you love.
Steven Butala:
We are Steve and Jill, information-
Jill DeWit:
… inspiration …
Steven Butala:
… to buy undervalued property.
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