Land Academy Show Steven Butala & Jill DeWit

Join hosts Jack Butala and Jill DeWit on this week’s episode of “The Land Academy Show” as they dive deep into the common challenge of dealing with land sellers who have unrealistic price expectations. From understanding the reasons behind inflated prices to strategic responses and effective negotiation techniques, this episode provides invaluable insights for anyone in the land investment business. Tune in as they share: real-world experiences, practical tips, and answers to questions from the Land Academy community.



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https://youtu.be/Wmm0hGTyXoM



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Join Jill DeWit and Land Academy Member Bei Zhang, as they share their real estate journey. They cover everything from their shared experiences, to Bei's inspiring career transition. Explore their philosophy of living like you're retired, while still working, with insights into business operations, goals, strategies and more. Hear personal stories, tips on balancing work with personal health, and reflections on their journey. Don't miss this engaging conversation packed with valuable insights for real estate enthusiasts and entrepreneurs!



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https://youtu.be/8O_y66uBWGQ



Thanks for listening, and finally, don’t forget to subscribe to the show on Apple Podcasts.

In this episode of The Land Academy Show, hosts Steven Jack Butala and Jill DeWit discuss the time it takes to make a million dollars with land compared to the stock market. They emphasize the importance of consistent and controlled growth in the land business, where doubling or tripling your money on each deal is more realistic and achievable. Steven and Jill compare the potential returns of investing in the stock market versus investing in land, highlighting how land can provide a much higher return on investment in a shorter period of time. They also stress the value of continued education and staying involved in the land business to maximize success. Tune in now and discover how to fast-track your financial goals!Transcript:Steven Jack Butala:I'm Steven Jack Butala.Jill DeWit:And I'm Jill DeWit, and this is the Land Academy Show.Steven Jack Butala:This is episode number 2,009 and we're talking about how long it takes to make a million bucks with land versus the stock market. Here's why? The Dow hit 40,000 today, this is when Jill and I were recording it, it's I guess May 16th. That just shocks me.Jill DeWit:Right.Steven Jack Butala:Everybody's celebrating.Jill DeWit:What's limit up and limit down? I can't remember any of it. You know what I'm talking about?Steven Jack Butala:Yeah, there's daily limits.Jill DeWit:Well, then they stop it. It can't go so high. Did they even bring that up today like we're pushing it or everything?Steven Jack Butala:No.Jill DeWit:Okay. I didn't even know.Steven Jack Butala:Because it wasn't-Jill DeWit:It wasn't-Steven Jack Butala:It wasn't a huge jump from the previous day.Jill DeWit:Astronomical.Steven Jack Butala:And my philosophical question to you Jill is ... There's a lot of celebration today. When in real estate do you celebrate when things are at the top of the market? Do you celebrate and jump around? Are you happy when the land is selling for the most it's ever sold for ever?Jill DeWit:Not really, no.Steven Jack Butala:How about houses? Do you love to go into a market and see people just hitting the top of the market with their remodel?Jill DeWit:Nope. No. I see where you're going with this and I understand your point. Okay. So everybody's high-fiving each other because it's the most expensive that it's ever been, yay. It's only good for one person who sold that stock at that time. Everybody else is going, "Oh, I blew it" kind of thing. That's it. So you're talking about our world and what really makes sense to us. What you can do consistently which is a lot of getting to second base I guess. First base, second base, I'm happy with that all day long. You know what? To me-Steven Jack Butala:I like getting to second base too.Jill DeWit:I know you also like a home run but we won't go there. Home runs happen once or twice a year for us, let's just say that. What happens more often than not, second and third base which is doubling my money and then a little bit more than doubling my money. There's just like oh my gosh, I can't believe I bought this for 20,000, sold it for 120. That's a home run. First base is I bought it for 20, sold it for 30, 35. It didn't go that great but who can complain about making 10 or 15 grand? This is all very consistent. And then second base to me is I bought it for 20 and I sold it for 40, 45. This is great. Third base is I sold it for 60 to 70. And then you know what home run is. I'm more happy with that. You never want to be the most expensive house on the block, I've always believed that.Steven Jack Butala:Here's some things-Jill DeWit:And you don't want to reset the market-Steven Jack Butala:Here's here some stuff-Jill DeWit:I don't believe in that.Steven Jack Butala:We're going to talk about today in a big picture. We're going to talk about the stock market versus land investing, and we're going to dabble a little bit in comparing those two. Also with owning a different business like a convenience store or a manufacturing facility.

Join Steven Jack Butala in episode 2006 as he interviews seasoned entrepreneur and Land Academy member, Steve Hodgdon. Steve shares his blueprint for land flipping success, spanning from early technology experiences to building a successful real estate lending business. He delves deep into the 2008 crash, digitization in real estate, advanced tools in the land business, and the "Loan to Own" strategy. The discussion also covers market trends, inflation, property management challenges, and risk management. Learn from real-life examples and gain valuable insights into sustaining a profitable land flipping business.



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https://youtu.be/vyEPn0mj8pE



Thanks for listening, and finally, don’t forget to subscribe to the show on Apple Podcasts.

Discover the inner workings of a successful land investor's week on The Land Academy Show! Join hosts Steven Jack Butala and Jill DeWit as they unpack the essentials of organization, self-discipline, and daily routines crucial for thriving in the land investing world. With decades of combined experience, they share practical insights applicable to both full-time investors and those with limited availability, offering actionable strategies to enhance productivity and achieve investment goals. Tune in now for expert advice and real-life examples that will elevate your land investment journey.



Transcript:



Steven Jack Butala:

I am Steven Jack Butala.



Jill K DeWit:

And I'm Jill DeWit and this is The Land Academy Show.



Steven Jack Butala:

This is episode number 2005 and today we are talking about a week in the life of a successful land investor.



Jill K DeWit:

This is going to be good.



Steven Jack Butala:

Yeah.



Steven Jack Butala:

So important.



Jill K DeWit:

It really is. This is going to be touched upon today, but further explained in the future in some things that we're preparing for.



Steven Jack Butala:

So I would argue that what we're going to talk about today, which is really organization and self-discipline and being an entrepreneur and a bunch of stuff like that ... And we'll get into a pretty good amount of detail. I think this is equally as important, probably more important than knowing how to buy and sell land.



Jill K DeWit:

Having a plan.



Steven Jack Butala:

Well and just executing your ... We're going to talk about a week in the life. So you can sit down and be the greatest planner in the world Monday through Friday, and if you don't execute it and have self-discipline about it's just not going to be as effective as you want.



Jill K DeWit:

Well, today for me is really about what should I be doing every day? What do I focus on? And here's the reality. The reason we're talking about this is a successful full-time land investor, and we're going to talk about it that way because so many people in Land Academy have come to us, started out with W2 jobs, left W2 jobs, and now they're in it and this is how to organize your life basically and organize your week. But everything we're talking about today can be applied even if you're like Jill and Jack, I only have maybe two to three hours a day to throw out this and that's okay. So you can shorten it. The process and the steps are the same and how you think about your day-to-day stuff is the same. You're going to have to get a little more efficient at it.



Steven Jack Butala:

Well, it's like everything. We can tell you how we do it very successfully. We can give you now, after 10 years of doing this, almost 10 years real core examples with people's first names on how they did it. In some cases more successful than us. But in the end you're going to apply it to your life.



Jill K DeWit:

Isn't that interesting? You just said 10 years of Land Academy. But gosh, 25 something years-



Steven Jack Butala:

30 for me.



Jill K DeWit:

There you go.



Steven Jack Butala:

It's 30 this year.



Jill K DeWit:

Oh my gosh. It's 15 almost for me. That's a lot.



Steven Jack Butala:

So we may or may not be qualified to talk about this stuff.



Jill K DeWit:

Yeah. There we go.



Steven Jack Butala:

You decide.



Jill K DeWit:

That's perfect.



Steven Jack Butala:

Each week on the show we answer a question from our Land Academy member Discord Forum, and take a deep dive into a land related topic by popular request from our Land Academy community. Let's take a question, Jill.

Join Steven Jack Butala and Jill K DeWit on episode 2,004 of the Land Academy Show as they delve into the five most frequently asked questions by new Land Academy members. From dispelling myths about land flipping to sharing real success stories, they tackle it all. Plus, get an exclusive look at a member's journey to half a million in revenue within their first year. Don't miss out on this insightful discussion packed with valuable insights for aspiring land investors!



Transcript:



Steven Jack Butala:

I'm Steven Jack Butala.



Jill K DeWit:

I'm Jill DeWit and this is the Land Academy Show.



Steven Jack Butala:

This is episode number 2,004, and today Jill and I are talking about the five most-asked questions by new Land-Academy members.



Jill K DeWit:

Is this your version, my version, or the team put them up? I'm just curious.



Steven Jack Butala:

What we'll do is reread-



Jill K DeWit:

I've got different questions like, "Are you guys married?" That's what I've just got to start with. This is why I'm asking.



Steven Jack Butala:

How do you answer that?



Jill K DeWit:

See, this is why I want to know. Let me tell you my top-five questions, and then you tell me yours.



Steven Jack Butala:

All right. Go ahead. We'll get to that, we will. Jill and I asked our staff to answer these questions and we'll be serious about it in a second, but I'd like to know your five.



Jill K DeWit:

Okay. "Are you guys married? Where the heck do you live? What do you mean you don't go see your property?"



Steven Jack Butala:

This is pretty accurate.



Jill K DeWit:

You like this? Exactly. "You made how much last year?"



Steven Jack Butala:

Yeah. Is this for real?



Jill K DeWit:

And, "Is this for real?" There we go, that's my five. What are your five?



Steven Jack Butala:

Jeez, my five are, "Is this for real?" Is number one. "What is all this? Can you please just tell me, let's cut to all the stuff. Stop horsing around on the show. What's the deal? Can you really buy land and resell it for more?"



Jill K DeWit:

That's your number one.



Steven Jack Butala:

That's at a cocktail party or from people that have been in the real-estate industry forever. I don't have five of them.



Jill K DeWit:

Oh, that was it.



Steven Jack Butala:

That's the main one like, "What's the deal? Is this for real?"



Jill K DeWit:

Yeah, it's so funny. From that cocktail party, it quickly goes to two things. It splits into, "Well, can I just give you some money?" "Yeah, thanks. No, I don't need that." Or, "Well, it's obviously easy if you idiots can do it."



Steven Jack Butala:

Yeah. I mean, here's a great example. Jill and I, we're doing our estate. We're finishing our estate planning, we're amending it, let's say, and we met with the lawyer that does it. He's like, "I looked you guys up before you got here, and I love land." This is probably a 70-plus-year-old guy who's probably got thousands and thousands of estates under his belt, and all he wants to do is talk about land. He doesn't care about our estate.



Jill K DeWit:

Exactly. Yeah, it's almost like it's like, "Eyes up here."



Steven Jack Butala:

That's a regular-



Jill K DeWit:

"Eyes off the plat map. My eyes are up here." That's a new thing. That's good. I'm more than just a plat map.



Steven Jack Butala:

I attribute that too and I was thinking about it. We are somewhat guilty of, Jill, making this sound easy.



Jill K DeWit:

Yeah, it's true. It happens all the time.



Steven Jack Butala:

You know what?