I Have 10 Thousand Dollars What Should I Invest In (LA 1664)

I Have 10 Thousand Dollars What Should I Invest In (LA 1664) Transcript: Steven Jack Butala: Steve and Jill here. Jill K DeWit: Hello. Steven Jack Butala: Welcome to the Land Academy Show, entertaining land investment talk. I'm Stephen Jack Butala. Jill K DeWit: And I'm Jill Dewitt broadcasting from the Valley of the Sun. Steven Jack Butala: Today Jill and I talk about, well, I have $10,000. What should I invest in? Jill K DeWit: This is so funny. So here's where this came from. We're sitting here thinking about out what's going on at the end of the year. We want this last week to be really valuable, some good information for you to ponder. And there's a lot of people on Facebook that have this exact thing. Like, Hey, I've got some money saved up. It's the end of the year. Going into 2022, what should I do? So I wrote down some real answers and some of them are like, what the heck? It's funny. So I will share those, and we'll talk about what we think you should do if you're in this situation. Steven Jack Butala: Before we get into the topic, let's take a question posted by one of our members on the landinvestors.com online community. It's free, and don't forget to subscribe on the Land Academy YouTube channel and comment on the shows you like. Jill K DeWit: We forgot to look that up. We don't know where we are right now, do we? Okay. Steven Jack Butala: I can look it up while we're- Jill K DeWit: Okay, got it. All right. While I'm talking? Steven Jack Butala: Sure. Jill K DeWit: You're good. Peter wrote, I got a call back on a piece of property that is largely in a flood zone, and some of it is in a regulated flood zone. The original offer price was $8,000 for three acres. And I was thinking about turning around with a revised offer of $1,000. What are the major considerations you all keep in mind when repricing an offer due to flood issues? Thanks for any thoughts. Steven Jack Butala: This is very, very, very common and not so specific to the flood issues, but stuff comes up. Jill K DeWit: Yeah. Steven Jack Butala: A deal comes back. You look it up. Usually on NeighborScoop. There's some flaws. Hopefully they're not fatal flaws like access. Jill K DeWit: Right. Steven Jack Butala: And so you go back to the seller with a revised offer. In my opinion, Jill's the one who does this, so she'll tell you the way she does it, but this is all how it's handled. And so if you just say all this property sucks, and I know we talked about 8,000, but I'm going to you a thousand because there's flood zone issues. That's not going to work. But if you make a little video, a screen video of you rolling through Google Earth, a screenshot video and narrating why and how the property, where it sits and why the flood issues have dramatically reduced the usability of the property when you price it at 8,000, they're going to take you seriously. And here's why, because whoever buys the property's going to have the same issues. So you're just kicking the can down the road. Jill K DeWit: I'm going to have to disagree. Steven Jack Butala: No, really? After all that? Jill K DeWit: I don't need no stinking video. Steven Jack Butala: Really? Jill K DeWit: No I don't. You know what? So here's- Steven Jack Butala: Throw Jack under the bus week actually. Jill K DeWit: No it's not. There's plenty times, Buddy, when you go, "Nope, this is what you do." This is my turn. Because you know what really, I am dealing. I'm on the front line a little more in this scenario. Not that you're not, and you haven't done this for decades, but. Jill K DeWit: So here's how it goes now. Number one, do you even really want it? So here's my thing. Is my buyer's pool going to be so darn small, and I'm going to be running around trying to make $3,000 off of my $1,000 when I can just move on. So there's really got to be some other redeeming quality for me to even care. If my 8,000 is now 1,000, now I'm scratching my head going,