3144 US Counties – Is There Enough Land for Investment? (CFFL 389)

3144 US Counties - Is There Enough Land for Investment? Jack Butala: 3144 US Counties - Is There Enough Land for Investment? Leave us your feedback for this podcast on iTunes and get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening. Jack Butala:                            Jack Butala with Jill DeWitt. Jill DeWit:                               Hello. Jack Butala:                            Welcome to our show today. In this episode Jill and I talk about 3,144 U.S. counties. Is there enough land for investment to go around? Jill DeWit:                               Well, I'll take this half. You take that half. Jack Butala:                            I love this topic. This is kind of a Jack show. Jill DeWit:                               Uh-huh (affirmative). Jack Butala:                            Before we get into it let's take a question posted by one of our members on the landacademy.com online community. It's free. Jill DeWit:                               Cool. All right, Gary asked, how do you handle land locked parcels that are great in every other way? Do you automatically pass on those deals? If not, how do you advertise them when you're selling? Jack Butala:                            Excellent question Gary. I haven't talked about access in a while. So, we judge and we talk about with our members all the time looking at property and going through their review process with the four A's, acreage. So, more is better. More acreage is better. Access, more is better. Attributes like, is it close to a river? Can you see the mountains? Is it close to a city? Or in some cases far from the city which we'll talk about in a second, and what's the fourth thing? Oh, affordability. The cheaper the better. You always want to buy undervalue. Always. Even if you're the end user. So, this is about access and here's the thing. We don't use the word landlocked, ever. We just don't because I don't even know what it means. Even after how many, 20 years in this business I'm not so sure what it means. In fact I don't think actually it exists in most places. Places like Arizona and California hae statues that say, you cannot reasonably withhold access to a property. An adjacent property owner cannot reasonably withhold access to another property. So, there's no such thing really, I'm going to get a million emails for saying this, but a million, no such thing as property that you cannot access. Jill DeWit:                               Right. Jack Butala:                            So, to answer your question if it's got the other three attributes in a big, big bad way you know, we kind of say, look, one of the, the property has to have one of the attributes knock it out of the park. Like it's oceanfront. Jill DeWit:                               Right. Jack Butala:                            Oh, but it doesn't have access. Well, but it's oceanfront. So you're going to really take a good look at that acquisition anyway. Jill DeWit:                               When you're new we always say you want like a three of the four. Let's be, let's be safe here. Jack Butala:                            Right. So, if a property doesn't have apparent, legal, or physical access, you know I, if it's got all the other stuff I'd buy it. We buy it anyway and we talk about it, it'll need to, you never want to withhold any information. Ever. If you know something that can materially affect the decision of a land buyer you put it in a posting. Jill DeWit:                               Yeah, because you don't want them coming back to you six months later when they see it and then you're in a pickle. You want to be really up front and honest. Jack Butala:                            How would I post this, personally? I would say, this property is awesome in these three ways. It's super cheap, it's got a lot of acreage, and it's whatever the attribute is.