Branding Yourself as a Real Estate Investor (CFFL 574)

Branding Yourself as a Real Estate Investor (CFFL 574) Transcript:  Jack Butala:                       Jack and Jill here. Jill DeWit:                           Good day. Jack Butala:                       Welcome to the show today. In this episode, Jill and I talk about branding yourself as a real estate investor. Before we get into it, let's take a question posted by one of our members on our landinvestors.com online community, it's free. Jill DeWit:                           Okay, Merritt asks, "I know Stripe seems to be the default," I'm gonna put in parentheses is a way of accepting credit card payments, that's what Stripe is, "but how are others setting up their accounts when they specifically ask you what you're selling and what kind of business you're in. I was thinking that being totally straight up with them would flag you as the get go as real estate transactions are prohibited, right? Are you coming up with a gray zone description such as 'tree and dirt collections in Northern Oregon'?" This is hilarious. "Or wholesale dirt and soil futures?" This is good stuff, man. That's another thing I want on my shirt. "I've seen so much conflicting information from investors, I want to come straight to the source." Seriously, "wholesale dirt and soil futures," Merritt, I want a shirt. That's awesome. Jack Butala:                       Wholesale dirt. Jill DeWit:                           "I buy and sell dirt and soil futures." Jack Butala:                       So, all kidding aside, we're gonna be serious just for a couple minutes here. This has been a massive problem in this industry since the very beginning. Jill DeWit:                           Of time. Jack Butala:                       Since the beginning of purchasing and selling real estate. Credit card processors don't like it, and we think we've found the answer. This is an incredibly timely question. So, we've negotiated a deal with Heartland Payment Systems, which is one of the largest credit card processors in the country. You probably don't know they're name because they're the company behind companies like Blue Pay and Stripe and things like that. Stripe and Blue Pay are just payment gateways, but the processors, it's all complicated and I don't want to get into it now. Jill DeWit:                           There's only a handful and the government won't let any more. Jack Butala:                       Exactly. Insurance is behind it all, and they see a real estate acquisition as a little bit riskier than purchasing a stereo, for example, online. Or anything else that you would buy online that gets shipped to you. So, Heartland has seen their way through it after, I think Jill and I have been working on this for a year. Jill DeWit:                           Yeah, at least. Jack Butala:                       So, we've asked them to set up people on their end specifically to process our members' requests without lying, without saying, "Yeah, we purchase and sell land and we process it online." So, reach out to us and we will give you, there's an actual, a procedure that you have to go through to apply, but the good news is that, you know, the procedure, they're all set up and they're ready to answer your questions and ready to deal with the whole thing. Jill DeWit:                           It's all property types, too, by the way. We're working fast to solve this for everybody. Jack Butala:                       It's solved. I received an email yesterday. I didn't tell you that. Jill DeWit:                           No, you didn't tell me that. Jack Butala:                       We have a- Jill DeWit:                           I just wrote myself a note, I'm like, "Is the deal ready? What can we do? All right." Jack Butala:                       There's a number that, there's like a serial number that you need, and you need to process it through one person to get it through the system. Again,