Jill Friday – Three Ps and What Makes a Great Land Investor (LA 1488)

Jill Friday - Three Ps and What Makes a Great Land Investor (LA 1488) 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 Steven Jack Butala. Jill K DeWit: And I'm Jill Dewitt broadcasting from sweet Scottsdale, Arizona. Steven Jack Butala: Today. Jill and I talk about... Well, it's Jill Friday and her three P's and what makes a great land investor. Jill K DeWit: Versus a good one. I think I did a week or so ago on Clubhouse and people were trying to figure out, "Hey, what's the difference?" Really, it came to be who are these career path people because they look at it for them as great, great investors because they're really putting the money and the time and energy into making this a really a career kind of thing. And so people say, "Well, they're obviously great investors. What makes them stand out?" All right, I'm going to put some thought into this. What do I think is the difference here? And then you and I talked about it and I did the first two, three P's, and you came up with the 3rd P, which we'll share in a few minutes. Jill K DeWit: And I did this little talk on Clubhouse and it was really fun. It was an open discussion as Clubhouse always is. It was super fun. By the way too, I'd like to note, thank you for my pretty flowers. For those of you who are watching us on YouTube right now, you notice I put some pretty red roses behind me that Steven got me for, what was the occasion? Steven Jack Butala: For no reason at all because I like to. Jill K DeWit: These are really nice. Thank you. So now that they look so pretty behind us, we should make this a thing. Steven Jack Butala: Oh, this is Jill's way of getting flowers every single week. Jill K DeWit: You better believe it is. Steven Jack Butala: Which I have no problem with. Jill K DeWit: Thank you. Steven Jack Butala: If there's a subscription flower service. Jill K DeWit: I'm sure there is. It's called 800 flowers. You could probably have different color roses and stuff. Do you want me to just do it for you? Steven Jack Butala: No, no, no, I'll do it. I'll go do it. I mean, I wonder if Amazon's probably got a floral component to it. Before we get into it, let's take a question posted by one of our members on the landinvestors.com online community. It's free. If you're already a Land Academy member, please join us on Discord. It's a tremendous tool to get every question you've ever had about this answered. And if you're just a lurker, it's a great way to learn through other people's questions. I'm on there all the time all day. Jill K DeWit: Okay. So this is a lengthy one. I'm going to go through the whole thing here, but it's a great question that we have. Yes. Jill K DeWit: Greg wrote, "Hi everyone. Another fun story to share with the group and looking for any advice. I have a property in blank that has no legal access. The road doesn't quite make it there that I sold/I'm selling on a land contract. Of course, I told the guy I didn't think it had legal access, but he wanted to buy it anyway for a low price. That was a year ago. So a month ago, I get a letter from the Property Owners Association indicating that the parcel has trucks and trailers and all of stuff parked on it and apparently it's in the middle of this association and the road that almost leads there is owned by the Property Owners Association, the POA. The POA asked for all the stuff to be removed within 30 days and to stop trespassing or they would call the sheriff. I told the guy that I sold the place to, again, it was under land contract and he wasn't too happy and has missed his March payment. I fear he's going to back out of the contract and I understand why. So today, I get a letter in the mail from an attorney in the state saying that they represent the Property Owners Association and they go on to say that all the junk is still on the property.