Decisions You Make Affect the Rest of Your Life (CFFL 0248)

Decisions You Make Affect the Rest of Your Life Jack Butala: Decisions You Make Affect the Rest of Your Life. 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: Jack Butala with Jill DeWit. Jill DeWit: Hello. Jack Butala: Welcome to our show. In this episode, Jill and I talk about how the decisions you make will affect the rest of your life. Great show today, Jill. Let's take a question posted by one of our members on SucessPlant.com, our free online community. Jill DeWit: Cool. All right, Chazz asked, "Does trying to get out of the game in case this happens, but I was wondering, what if I come across someone with multiple lots that wants to unload? Can they all be put on one deed, or would it be better to make them all separate, and just write one fat check when the notary meets to sign? Should I create a purchase agreement for each? Thanks, y'all." Jack Butala: Yeah, you know, this is a good question, and it comes up a lot. Not comes up a lot, it just comes up every once in a while, and it's worth explaining in very simple terms. The answer is yes. In fact, Jill and I do it all the time. We buy property, a ton of property on a single deed. Jill and I have literally purchased, done one deal with thousands of properties on one single document, and then you sell them off individually, and there's nothing wrong with that, it happens all the time. I think it gets confused because we use the car title analogy a lot, you know, and you certainly can't put, like, more than one car on a car title. They're all individual. Yes, the answer is ... Jill DeWit: That's my first choice, too. Jack Butala: Yeah, me too. Jill DeWit: Yeah, I mean, that's the thing. I mean, wouldn't it be great if you could? What if you're a dealer? I mean, I'm sure dealers have different things, but, you know, if I'm buying - Jack Butala: Maybe you can. Jill DeWit: Say if I'm a dealer and I'm buying ten Priuses, I don't want to do ten versions of the same thing, I just want to do one with the ten on there. Jack Butala: Right. Jill DeWit: Yeah, you can, and it's a great thing. As long as it's the same grantor, and the grantee, of course, is you. Jack Butala: That's the key, I guess, right, Jill? Jill DeWit: You just got to make sure the grantor is exactly, exactly, exactly the same. It can't be one that's husband and wife, and then one has just the husband. Then you have to do different deeds, but if it's all just - Jack Butala: That's a great point. Jill DeWit: - yeah, the same, the same seller, you know, and it's all worded the same and everything, it's just going to be great. Put 'em all on one deed. Knock yourself out. Hey, the recorders like it, too. You know, they only have to record the one, and you save money on it because you're only sending in the one form, and the notary's doing it once, so it's all much easier, and those are my first choice. I look for those now, by the way. When I sit and scan our acquisitions - Jack Butala: Yeah, me too. Which one's easiest. Jill DeWit: - with stuff going down, who's got multi things on there, okay, are they ... I look at who's, is it multiple units, do I want it, are they all alive? There's a few things that I look at really quick. Seriously. Jack Butala: I know, I agree. Absolutely. Jill DeWit: I scan for some issues and make sure, you know, and then I go, "All right, now let's look at it." Jack Butala: That's going to happen to you, listener. Jill DeWit: Mm-hmm (affirmative). Jack Butala: I mean, it can easily happen to you if you send a ton of mail out. We have multiple members. We have a couple members who joined the group and send out, you know, literally 25 000 letters in a week after they learn what they're doing,