Land Business 401: Staff in Place and Partners Fund Acquisitions (LA 1332)

Land Business 401: Staff in Place and Partners Fund Acquisitions (LA 1332) Transcript: Steven Butala: Steve and Jill here. Jill DeWit: Hello. 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 hazy Southern California. Steven Butala: On fire Southern California. Jill DeWit: Yeah. I was going to say sunny. I'm like, shucks. I can't really say sunny because I can't see the sun right now. It's crazy. Steven Butala: Today Jill and I talk about your land business 401. Your staff's in place and your partners are now funding acquisitions. Why? Because you don't have any money left if you're doing everything right at this point in your career. You're spending half of your time looking for new people, which is way more hard, to work for you. Way harder than it. You're a recruiter. And number two, finding partners or using the partners that you have so that you can do more real estate deals. Jill DeWit: Because all your money is allocated. Steven Butala: How ironic is that? You do everything right, you don't have any money. Jill DeWit: Right. So this is the 400 level, so all week you've been doing like freshmen, sophomore, junior. Congratulation, 400 level. You're now a senior. Tomorrow's masters level. We'll get to that. So right now you're taking your final classes. You're kind of just, I look at it like I'm just learning the last little bits of information. Maybe some tweaks. Because I'm going out into the world. Steven 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. Jill DeWit: Mike wrote, "I have an accepted offer on a rural property and I'm trying to confirm access. If the county GIS parcel report shows a street address, can I assume there is legal access, even though the satellite view on Google maps does not show a road? I have some buyers that don't care how difficult it is to get to the property. They just want to know they can legally get there." Steven Butala: There's a 98% chance that what you're saying is true. Can you absolutely assume that there's legal access if it has an address? No, but that's a huge step in the right direction. What you want to do is take a look at a plat map that you can hopefully get from either it's either been scanned in online or ask the county to send you one, and you'll see on the plat map the property's either got straight lines. Straight, single lines. Think of it like lines in a road, or it's got dotted lines. If it has a dotted lines, those are the easements or that property that's the real estate, actual real estate that's been allocated. Maybe there's no road there at all. It's just raw land, but a road's supposed to be there. That is the definition of legal access. In my career, I don't want you to just take my word for it. In my career, I want you to go check. In my career I've never seen a property without a US post office address, if everything's correct on that, who doesn't have legal access. Jill DeWit: And for those of you who are members and you want to know, "Where can I get that quickly?" I jump into TitlePro, so just so everybody knows, as a Land Academy member, you have access to TitlePro 24/7, which is AgentPro 24/7, but expanded for title agents so it has everything you could possibly want in there, and I can go in and I can pull. I just did one today, a property report, and I get all kinds of information. More than what I want, but there's usually plat maps in there too. Steven Butala: It's a great question. Jill DeWit: Thank you. Steven Butala: That's a, I know you're going to be successful, probably already successful question. Jill DeWit: Thinking ahead about it. It's important, and I like that. Those are some of the ... Isn't that funny? That brings up a good topic too. You think that, who would want a property that I can't get there?