How much Available Investment Capital is Really in Land Academy Group (LA 1457)

How much Available Investment Capital is Really in Land Academy Group (LA 1457) Transcript: Steven Butala: Steve and Jill here. Jill DeWit: Hi. Steven Butala: Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala. Jill DeWit: And I'm Jill DeWit, broadcasting from sweet Scottsdale, Arizona. Steven Butala: Today jill and I talk about how much available investment capital is really in this Land Academy group of ours. Lots. Jill DeWit: Yeah, that we know of, by the way. Steven Butala: I would actually say it's limitless for the right deals. Jill DeWit: Mm-hmm (affirmative). Steven Butala: It's limitless for great real estate deal. Jill DeWit: That's true. Steven Butala: Before we get into it... Jill DeWit: Well now you've answered the whole... did the whole show. Steven Butala: That is pretty much... you don't need to listen... Jill DeWit: There we go. Steven Butala: ...to the rest if you... Jill DeWit: Okay. Steven Butala: ...don't want to. Steven Butala: Before we get into it let's take a question posted by one of our members, LandInvestors.com. Our online community, it's free. And if you're a Land Academy member already, please join us on discord. Jill DeWit: Wouldn't it be funny. So did you hear the show yesterday? Yeah, it was three minutes long. Steven Butala: We should do that one time. See what people say. Jill DeWit: That would be funny. They would... I think they would think that's cute. Okay. So Chip wrote, "Hi land investors. I'm prepping for a mailer for large tracts of land that I will flip to a network of developers who focus on low density, large acreage land developments." Steven Butala: I love that. Jill DeWit: Mm-hmm (affirmative). Steven Butala: Low density, large acreage land developments are my favorite. Jill DeWit: Mm-hmm (affirmative) everybody wants that. Steven Butala: Yes. Jill DeWit: Does anyone have a template for a non-circumvent non-disclosure agreement. Steven Butala: An NDA. Jill DeWit: Right, or whatever it might be called. There you go. "The price point of these properties will be beyond my capabilities and quite a bit larger than many of the deals done within the group." Steven Butala: Well, this is a perfect question for this topic. Go ahead Jill. Jill DeWit: Gee, imagine how that happened. Jill DeWit: I know. Steven Butala: Honestly, it was just pure luck. Jill DeWit: Oh okay. "My plan is to either do a simultaneous close or simply sign the contract to the end, excuse me, end buyer. These developers form a new LLC for each land track," which is kind of normal for that. "My concern is that when I present these deals to the buyer, they or partner of theirs will go around me and directly to the seller and then steal slash kill the deal for me. Does anyone have any suggestions or a template document that I could use for some level of protection?" You want to go? Steven Butala: Yeah, this has happened to me, and it's going to happen to you. So you just have to accept that. Ask them for an NDA, because if they are big developers and they're very experienced and it sounds like they are because they're doing a new LLC for every deal, they're going to have one. And so especially they're going to have one, if they give it to you and you ask them to sign it and they say no, it's like, why do they have have it. They make other people do it. Jill DeWit: Right. Steven Butala: So it's not so much... I would actually get their NDA and then I would look out on the internet. I used to, when I was buying and selling long-term care facilities and brokering them, I would make them sign an open-ended agreement that says, look, you're going to pay me 2% of the transaction value of any deal I bring to you and I'm going to register each deal and you're going to sign it. Steven Butala: You're going to sign it. When I bring you the deal, you're going to sign that. Then you're going to pay me. After a while, they stop...