How Much Should I Diversify Land Acquisition Types (LA 990)

How Much Should I Diversify Land Acquisition Types (LA 990) Transcript: Steven Butala:                   Steve and Jill here. Jill DeWit:                            Hello. 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 sunny Southern California. Steven Butala:                   Today, Jill and I talk about how much should I diversify my land acquisition types, one of my favorite topics when I- Jill DeWit:                            I know. I have a bunch of notes here. Steven Butala:                   Awesome. Jill DeWit:                            This is going to be a good show. Steven Butala:                   Before we get into it ... I started in commercial real estate, so I didn't start in land. We still do deals in that space. Jill DeWit:                            Mm-hmm (affirmative). Steven Butala:                   Before we get into it though, let's take a question posted by one of our members on the landInvestors.com online community. It's free. Jill DeWit:                            What you're saying is we walk the walk. We don't just talk the talk. Right? Steven Butala:                   What does that mean? Jill DeWit:                            That means that we say diversify, and we diversify. That's the point. Steven Butala:                   I don't think there's much that we talk about ... I don't think there's much theory in any of these Land Academy, House Academy or any of it. I think it's all proven. Jill DeWit:                            Oh yeah. Yes. We've been there, done that. Steven Butala:                   We talk about attitude and some other stuff once in a while, and get a little bit nebulous, but the fact is, this is what we do. Jill DeWit:                            Sorry, I have a hair right in my eye here, so we'll find it. All right, Jason says, "Good afternoon. I need to find a real estate attorney to draw up an affidavit of heirship. The attorney needs to be in Orange County, California, probably in or near the Irvine area. If anyone knows of a good inexpensive lawyer they can recommend, please let me know. Thanks in advance." Jill DeWit:                            You know what's really cool about this? I said see stuff like this on Facebook all the time too. I'm glad people know to reach out and ask. Jill DeWit:                            All right. One of our members, [Steven 00:01:41] F says, "Hey, Jason. I use an attorney out of Riverside. I gave her a call, and she said she'd be happy to speak with you regarding your request. Riverside is the next county over, and she can do work in Irvine. Here's her cell number. Here's her name." Steven Butala:                   Her name is [Ricky Rivera 00:00:01:56]. Jill DeWit:                            Oversharing. Steven Butala:                   Her cell number is (951)719-5149. I included all this, I personally included it in the script today, because that's what Land Investors is. Jill DeWit:                            Yeah. Steven Butala:                   That's what we do here. We help each other. It's not just access to the data. It's not just education. It's not just advice on a show, or on and on and on, the stuff that goes on. Jill DeWit:                            Right. Steven Butala:                   In fact, I'm actually going to call this person too, because adverse possession property ... What this person is asking is ... What happened here is this ... I'm reading between the lines and it's a generalization, but I really think it can help listeners. Steven Butala:                   When you send out a bunch of mail, there's a lot of people that contact you that say, "I would love to sell you my property," whether it's a house or a piece of land, "but it's in my dad's name. He passed away two years ago, and I've been paying the taxes,