Land Business Expenses Line item by Line Item (725)

Land Business Expenses Line item by Line Item (725) Transcript: Steven Butala:                   Steve and Jill here. Jill DeWit:                            Hi. Steven Butala:                   Welcome to the Land Academy Show. I think it's Friday. Jill DeWit:                            I hope it's Friday. Steven Butala:                   Entertaining land investment talk. I'm Steven Jack Butala. Jill DeWit:                            I'm Jill DeWit, broadcasting from beautiful, sunny southern California. Steven Butala:                   Today Jill and I talk about, well, we finish what we started yesterday. Land business expenses, line item by line item. Jill DeWit:                            Because Jill got a little ahead of herself. That's the reality here. Sorry. Steven Butala:                   This wraps up the velocity of money week here on the Land Academy Show. Jill DeWit:                            Totally. Steven Butala:                   Before we get into the actual topic, or finish, I should say, let's take a question posted by one of our members on the landacademy.com online community. It's free. Jill DeWit:                            Cool. All right. Luke asks, "I got a deal to buy a lot made up of three parcels for $20,000. There's one smaller lot in the area for $20,000 listed no stream. Mine is on a creek and a paved road"- Steven Butala:                   Oh my gosh. Jill DeWit:                            "Power line and water hookup. The road is right on one side of the creek, and the majority of the land is on the other side." Steven Butala:                   Oh. This is great. Jill DeWit:                            "Bridge, anyone? Or, is that too much to ask for in a buyer? Could"- Steven Butala:                   Okay. Jill DeWit:                            "A bridge to three lots, could build a bridge to three lots and sell two to pay for it, and then some. Any thoughts?" Steven Butala:                   Yeah. So- Jill DeWit:                            This is a little- Steven Butala:                   This is a great deal. This is, not run to the bank, but this is a deal where you ... remember that property we had a while ago where you needed a boat to get to it? Jill DeWit:                            A whole moat. Pretty much. It was hilarious. Steven Butala:                   How fast did we sell that? Jill DeWit:                            It was hilarious. It was beautiful. Steven Butala:                   There are people, buyers and users out there, that want to get lost. Jill DeWit:                            Yeah. They want it- Steven Butala:                   Water- Jill DeWit:                            They won't want the bridge. Steven Butala:                   Water access only is, yeah. Jill DeWit:                            Yeah. Steven Butala:                   This is a buy it as is, sell it as is, and mark it. This is probably mark it the heck up. Not even double your money. This is so special- Jill DeWit:                            You got two water front properties. Steven Butala:                   Yeah. Jill DeWit:                            Because one of each side, by the way. Thank you. Steven Butala:                   There's limitless uses. I haven't told the story in a while. I bought a property that was the side of the Grand Canyon, literally. Rock climber. When it was subdivided, it eroded after that, and I couldn't keep that in the inventory. Rock climbers love to stick a plaque on the wall that says, "I climb on the rocks that I own." So, yeah. This is- Jill DeWit:                            Thank you for not being a rock climber. Sheesh. Could you imagine? Steven Butala:                   No. No, I can't. Jill DeWit:                            You come home on those funny shoes, and a bag. You have a pouch with the bag of powder hanging from your hip...