Jack Thursday – State of the Union – Do We Care About Lumber Prices? (LA 1507)

Jack Thursday - State of the Union - Do We Care About Lumber Prices? (LA 1507) Transcript: Steven Butala: Steve and Jill here. Jill DeWit: Hey, hey, hey. Steven Butala: Welcome to the Land Academy Show. What the heck? Jill DeWit: I don't know. Steven Butala: Entertaining Land Investment Talk. I'm Steven Jack Butala. Jill DeWit: And I'm Jill DeWit, and I apparently had too much caffeine. Steven Butala: Yes, you have. Jill DeWit: Thank you. Steven Butala: Today is Jack Thursday. I'm going to do what our customer service people have requested. A State of the Union, real estate in 2021. For example, do we care about lumber prices? Jill DeWit: I have a lot of questions, don't worry. Steven Butala: Okay. Before we get into it, then, let's take a question posted by one of our members on the landinvestors.com online community. It's free. And if you're already a Land Academy member, please join us on Discord. Jill DeWit: Corey wrote, "Good evening." Steven Butala: Sorry. Jill DeWit: When posting a deal on Land Tank or sending a deal to someone for funding, what info about the property is good to include, so that no time is wasted, to get a quick "yes" or "no" answer for funding? Of course, I know that the [inaudible 00:01:06] are important, but what else should I include? I love this question, by the way. I am new and I haven't bought any land yet, but I'm sending offers to ten to a hundred acre properties, because I know that there are plenty of people here that will fund a deal if it's right. P.S. Jill, I had to leave this in here. I absolutely love listening on Clubhouse. Steven Butala: You snuck this in here. Jill DeWit: I totally. Steven Butala: Jill has a love affair with Clubhouse. Jill DeWit: This is not me making it up. Corey really put this in here and I'm like, oh I am putting the whole thing. Jill DeWit: He said Jill, I absolutely love listening on Clubhouse for someone that isn't a member yet. I feel like I'm breaking the law getting all the info for free that you guys talk about on there. Of course, the podcasts on this site are great too. Thanks, Corey. [inaudible 00:01:54] this is awesome. Okay. I need to know how the property is going, how the property will be sold, how fast it will be sold and what the game plan is. So let me give you an example. So Corey, you come up with a beautiful twenty-acre property and whatever county and whatever price let's just say. Say it's twenty-acre property for $20,000. So not only do you give me the property details. If there's anything pertinent, I want that I found that there is a well, they used to have a mobile on there. Jill DeWit: I've found out that it just got rezoned to this. Something unique or cooler, something that's making you want, why we're doing this deal about the actual property. Then the other thing I want you to do is tell me about you. You're selling me not only on the property, but you're selling me on you because you're coming to me to money and you should be saying, here's how great the property is and here's how great I am. And here's what I'm going to do with this. So I need information that says, I've been studying this for six months. I've got three brokers lined up champing at the bit. They think it's going to sell within 30 days at three times our money and how fast can I do it? And I can, and I've got the title agent ready to go. I can do this in two weeks. That's the information I need. Steven Butala: Let me state the obvious. Jill DeWit: Okay. Steven Butala: And put this sentence in there. I don't need anything from you guys except the money. Jill DeWit: Yep. Perfect. Steven Butala: [inaudible 00:03:36] We have not so much now anymore. We've had a lot big problems with that when we start started Land Tank and deal funding. Basically new people were just throwing a property in there. It's a great deal. I know it's a great deal and just handing it to us and expecting us to do work. Steven Butala: