How the Holiday Season Affects the Land Business (CFFL 0035)

How the Holiday Season Affects the Land Business Jack Butala:                   Jack Butala for Land Academy. Welcome to our Cashflow from Land show. Today, Jill and I talk about how the holiday season affects the land business. Jill DeWit:                            It's beginning to look a lot like Christmas! Jack Butala:                   By the way, this is Jill's favorite time of year, so I have a lot of questions about that. It's not exactly my favorite time. Jill DeWit:                            I had to do that. Jack Butala:                   Before we get into all that, let's check in with how acquisitions are going. It's early December. What do you have on your plate? Jill DeWit:                            I have people giving me land every day. Jack Butala:                   You have people giving you land? Jill DeWit:                            Pretty much. Maybe it's a cashflow thing for them right now, but I've got people calling me back multiple times to say, "Hey, are we still on? Do yo want this?" I feel so bad because I'm just saying, "Yes, I do, bear with me. I can't get to it today." Jack Butala:                   Give us some raw ballpark numbers, because I want to talk about this holiday season thing. How many properties are in your list that you need to address or purchase or close? Give us a couple of properties that stick in your mind that you just ... you know what I'm saying. A couple of properties that you're just licking your lips over. Jill DeWit:                            Yeah. There's this one. It's Taos. It's not a big lot, but it's an awesome lot. Jack Butala:                   Taos, New Mexico. Jill DeWit:                            Taos, New Mexico. I just love that area myself. Here I am getting emotional about it. Don't worry, folks, I'm not buying it for me. I'm going to give it away, or I'm going to sell it or something. Jack Butala:                   I love Taos too, by the way. Jill DeWit:                            I do. Jack Butala:                   Of all the property, the thousands and thousands of properties that I've ever purchased all over the country, there are properties in Taos that I have kept. You know about that little list on the server. Jill DeWit:                            What little list? Jack Butala:                   There's a little list on the server of properties that I purchased and keep. Jill DeWit:                            Is that like you as a man, you have your own separate little cash bank account somewhere that nobody knows about? Jack Butala:                   What separate bank account? Jill DeWit:                            Thank you! "Hey, what's that in the corner?" "That's a safe. You don't need to know about that." Jack Butala:                   Anyway, what's on your list? What's on your acquisition list? Jill DeWit:                            This Taos one that I'm kind of excited about. Then, I have a new one that just came in. Jack Butala:                   Wait, what are you buying ... how much are you going to buy it for? Jill DeWit:                            Oh, a couple hundred bucks. I'm trying to remember off the top of my head the size. I think it's an acre. It's an an area that traditionally are acre lots, so I'm going to pick it up for ... Jack Butala:                   What's it worth? What's it worth in our silly world? Jill DeWit:                            In our silly world, if I really wanted to sit on it, if I wanted to do it all right, I could sell it for $2500. To sell an acre in Taos, that's nothing. Jack Butala:                   For cash. Jill DeWit:                            For cash. Jack Butala:                   We've got several terms properties over there, I know, too. We're making a couple hundred bucks a month on each. I know, this is probably even before you, I bought those for the same amount of money, $100 or $200,