Buy Land for a Hundred Bucks-What’s the Catch? (CFFL 0048)

Buy Land for a Hundred Bucks-What's the Catch? Jack Butala: Buy Land for a Hundred Bucks-What's the Catch? Why We Can Afford to Give Land Away Every Month. Every single month we give away a property for free. It's super simple to qualify. Two simple steps. Leave us your feedback for this podcast on iTunes and number two, get the free ebook at landacademy.com, you don't even have to read it.  Thanks for listening. Jack Butala:                   Hey, this is Jack Butala for Land Academy. Welcome to our cash flow from land show. In this episode, Jill and I discuss the number one topic that gets asked about and discussed and addressed with our new land academy members. Is this for real or did you just get lucky flipping 15,000 properties? Jill DeWit:                            I'm sorry. Yeah, I was just a 15,000 odd one offs. Jack Butala:                   Do you ever get tired of addressing this? Jill DeWit:                            No, because especially the way you worded it, that cracks me up. All right, I have to tell you I just- Jack Butala:                   I do get a little tired of asking it. Jill DeWit:                            Oh no, I think it's great, because you know me, I drink the kool-aid, it's really funny for me, but I got to tell you, I was in our master inventory spreadsheet updating some numbers the other day. Sold a property on eBay, it's not our number one marketing tool, but it's one of our marketing tools, and it's interesting over the years, how pricing and things have changed with eBay, so it's still a good tool, almost now for advertising. Anyway, my point is I sold one on eBay on Sunday night and I was really happy and impressed with the price that it went for, and I went back and I looked, and I went, "We bought that property for $51. I'm not kidding." Jack Butala:                   I know which property you're talking about. Jill DeWit:                            Right, and I went, "Wow." Boy, that makes me feel good. It's so funny because they're not big numbers sometimes. I'm just selling, it's not big for me, because I'm kind of jaded here because I've done some big numbers. It's really good. Anyway, I only probably made how many times our profit, it's in the hundreds of percentage profit, but anyway we bought it for $51, so can you buy things for $100 all the time? Yes you can. You sure can. Jack Butala:                   We buy properties just so I can set this up properly, we buy properties for hundred dollars, five hundred dollars, a thousand bucks, a couple thousand, up to four grand usually, maybe sometimes a little bit more every single week. Jill DeWit:                            Yep. Jack Butala:                   We send out a bunch of mail. We do it very, very strategically and intelligently up front and consistently, and people send their offers back to us signed, and so we buy five acres for $500. What's interesting about that one deal that you brought up is that was one property and I know that deal intimately. It was 1100 property acquisition, which is why the price was so low, and we sell them for what, $900, $1,000, or some numbers around there very, very consistently. When that deal's done, probably will never be done, we will have cleared, I figure about a million and a half bucks, just in that one deal. Jill DeWit:                            You mean that deal won't be done because there's so many properties that were a part of that. Jack Butala:                   Yeah. It's just endless. Jill DeWit:                            Exactly. We just leak them out now and then. It's just a nice little thing. Jack Butala:                   Right. Jill DeWit:                            Yeah. It's fantastic. Jack Butala:                   Are we special that we can do this? No. Anybody can send these letters out, which is what land academy's all about. We have many, many, many people that's in successplan.com.