Keeping up with Internet Technology in Real Estate Acquisitions and Internet Sales (LA 1002)

Keeping up with Internet Technology in Real Estate Acquisitions and Internet Sales (LA 1002) Transcript: Steven Butala:                   Steve and Jill here. Jill DeWit:                            Good day. Steven Butala:                   Welcome to The Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala. Jill DeWit:                            And I'm Jill DeWit, broadcasting from sunny southern California. Steven Butala:                   Today, Jill and I talk about keeping up with internet technology in real estate acquisitions and sales. Jill DeWit:                            Thank you. Steven Butala:                   That was take four, in case you wanted to know, and Jill's like, "Thank you for getting it right [inaudible 00:00:30]." Jill DeWit:                            I'm glad to do this topic, actually. This is important. You know what's funny? Surprisingly, being the chick here, this technology discussion is important to me. Steven Butala:                   Oh, man. Jill DeWit:                            Thank you. Steven Butala:                   Learning how to read from a homemade teleprompter's important to me today. Before we get into it, let's take a question posted by one of our LandInvestors.com online communities. It's free. Jill DeWit:                            If it was a homemade ... It's funny. Steven Butala:                   Here's what it is- Jill DeWit:                            If it was a homemade teleprompter, be our children holding up poster board. It's not that. Steven Butala:                   It's a medical monitor for people that are hooked up to stuff at home, like later in life, on a Chinese Glide Gear. I mean, it all works great, and it's not ultra-cheap, but it's not a $40,000 teleprompter like in a TV studio. I only remembered this because, like Jill said, I sent a list of equipment to somebody once ... Shit, recently. Because they asked me like, "What equipment do you guys use?" And I started thinking about it. I'm like, "How do I describe all this stuff? I taped it all together." Jill DeWit:                            There's a lot that, when you really look around this room, there's a lot that goes into this. It's pretty darn funny. Yep. Jill DeWit:                            Okay. The question is, Chris asks, "Hi, everyone. I'm about to send out my first mailer, and I'm scrubbing my list for unusable properties. I found several waterfront properties in eastern Tennessee that have oddly shaped parcels extending out into the lake. Is it possible that this is a mapping error, or are these actual properties that, perhaps, used to be dry land at some point? I have come across several of these in scrubbing this list and was hoping for some guidance." Steven Butala:                   This is a great question. And I love mapping, by the way. I personally love data. I'm not the biggest fan of sales, but I do love all the mapping that's involved in this. For some reason just as a little kid, I loved maps, and I still go on Google Earth and fly around in that flight simulator thing and all of it. Steven Butala:                   Maps, especially on the internet like on Google Earth and like on ParcelFact, the outline or the GPS coordinates on the Earth are not perfectly lined up inch by inch, because Earth is curved. That's one reason. Number two, you mentioned erosion with water. That's absolutely the case. When that partially was subdivided, there was more land than there is water. Steven Butala:                   So here's the what you do when this happens. You take the size of the property, let's say it's five acres, with a grain of salt. It might be a five-acre property originally. It might be four now. In some cases ... Jill and I bought a property one time in Washington state that was in a river that was under water a certain part of the year, and then it wasn't. Jill DeWit:                            I was thinking ...