Jill Friday What Jill Looks at When Doing Deals – (LA 1523)

Jill Friday What Jill Looks at When Doing Deals - (LA 1523) Transcript: Jack Butala: Steve and Jill here. Jill Dewitt: Hello. Jack Butala: Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala. Jill Dewitt: And I'm Jill Dewitt, broadcasting from sweet Paradise Valley, Arizona. Jack Butala: Today is Jill Friday. It's called what Jill looks at when doing deals. Yesterday was my turn. I described how I see these deals correctly or incorrectly, but it works for me. Today's Jill's turn. Jill Dewitt: It's going to be fun because I think we have different ways, things that we look at first when the deal pops in. So this will be good. Jack Butala: 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. And if you're already a Land Academy member, join us on Discord. Jill Dewitt: Sandy wrote ... Okay, let me just see what I've got here. Is that the question, and then a response? Jack Butala: There is a discussion in Discord, yeah. Jill Dewitt: So, a little thing going on. Okay. So Sandy wrote, "One of the reasons I joined Land Academy was to find something better than DataTree. My last group concluded that there was nothing wrong with DataTree and that the problem had to be operator error." That's hilarious. Jack Butala: Let's see what the other member John says. Jill Dewitt: Okay. John wrote, "I have noticed in some states that there's a discrepancy between what DataTree says and what, say ParcelFact shows for both owner name and mailing address. One state in particular is a pain in the rear that I work with. I try to step back and say, if I'm mailing 10,000 records and 500 are busted, it's no fun spending that money on mail, but it's a small percentage. In one of the training videos in Land Academy, 2.0, Steven said that something like if 80% of your mail is right, you're doing great. We get 1000 free records each month. Why don't you do a RealQuest pull on a county that you have DataTree records on and compare? You may find it's better than where you're working." Jack Butala: I mean, John, you're exactly right. And no, it's not user error for the most part, Sandy. I don't know for sure, but probably not, because DataTree is real easy to use. Here's the deal. These data aggregators, DataTree, RealQuest, and TitlePro247 pull data from assessor databases. And there are some places in the country, I'm going to give you a real solid example of a place in the country, which is South Dakota, for whatever reason is not interested in playing this game. They're not interested in providing data, or the data that they do provide is pretty substandard. It's very difficult to use if you're used to, let's say using data in Texas or California or whatever else. Jill Dewitt: You said playing this game. It's like, they're not interested in doing their job correctly. It's kind of what it sounds like. Jack Butala: No, I actually- Jill Dewitt: It's like they're not interested in inputting the information correctly. Jack Butala: There's a part of my personality that really respects that. They're kind of just putting their figurative middle finger up. Jill Dewitt: In what way? I don't know. Jack Butala: Just like- Jill Dewitt: They don't fill it in, they don't provide much? Jack Butala: This is not a priority for us. Jill Dewitt: Data? Jack Butala: We love living here. Maybe we live on a cattle ranch. We don't need to assess this property down to the letter. They're just not interested in providing the data. Jill Dewitt: Yeah, we'll get it recorded when we feel like it. Jack Butala: I don't know. It's not good for us, but personally, I kind of respect some of these counties that are like, "Yeah, I'm not going to be here on Friday." Jill Dewitt: You know what? You're right, because there are some counties that say, "We only update all our records once a year at the end of the year.