Our Stages of Success (CFFL 0103)

Our Stages of Success Jack Butala: Our Stages of Success. Every Single month we give away a property for free. It's super simple to qualify. Two simple steps. Leave us your feedback for this podcast on iTunes and number two, get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening. Jack Butala: Jack Butala here for LandAcademy. Welcome to our Cash Flow From Land Show. In this episode, Jill and I talk about our stages of success, and how you can speed yours up learning from our mistakes. Jill, this is a cool show! Jill DeWit: Mm-hmm (affirmative). Jack Butala: Hey, before we get into it, as always, let's take a question from a caller. Jill DeWit: Okay. Nate from Minnesota called in and asked, by the way he called in 888-735-5045 and asked this question. Can you subdivide rural land? Jack Butala: Oh, my gosh. Jill DeWit: I know. Good question for you, because you've done this. Jack Butala: All right, so ... Jill DeWit: There are the answers, yes. Jack Butala: Your job in the next 45 minutes, your job Jill is to make sure that I don't sound preachy. Jill DeWit: I was going to say, or say to say stay awake. As I get into the ins and outs of subdividing rural land Jill, poke yourself. Every few minutes. Jack Butala: That's right. I talked to our producer earlier. He said "You know how you guys, you say you only have 6 callers? You should stop doing that." Jill DeWit: Oh, is that what he said? Oh, sorry. Jack Butala: Because people start to think you have 6 or 12 callers. The truth is this. Our show is doing incredibly well. It's doing way better than I ever thought, and it's a lot to fun to it. It's like I say, it's the best way to avoid real work that I can think of. In the middle of the day. Jill DeWit: Exactly. Jack Butala: Okay, so subdivisions. There's 2 types of subdivisions. This is a popular question among our members, because it's so incredibly profitable. There's 2 types of subdivisions. One was designed a long time ago to help farmers or ranchers break up big huge pieces of property into smaller pieces of property so they could give it to their brother in law, or their daughter, or whatever. You got a 360-acre ranch, you want to break it out into 40s and give it to people for Christmas, that kind of thing. That's the kind that we do and we love. The second kind is where you live. Where somebody really did ... Went through entitlements through municipalities. Hired a bunch of people, put roads in and sewers and all that. That's not so much for our group, however, ridiculously profitable. They're both incredibly profitable. If you're a very very young person, and you're looking for something to specialize in real estate, doing subdivisions, you cannot go wrong. Back to the first kind. Yes, you can subdivide land, in almost everywhere. It all comes down to the rules and regulations. Here in Arizona, and we've done it several times, you take a property like a 40-acre property, and you can just by rewriting the description. I'm not going to go into detail, because Jill needs to ... You can squeeze in a manicure right now if you feel. Jill DeWit: I sure could. Just get in, no it's all good. No, I like this. Jack Butala: You can take a 40-acre piece of property, and just by rewriting the descriptions, I'm not going to get into the detail, you can turn it into 3 tens, and let's say 3 fives. Is that math right? Jill DeWit: Mm-hmm (affirmative). Jack Butala: 3 tens, 30. Jill DeWit: Mm-hmm (affirmative). Jack Butala: Yeah. 40 acres. Jill DeWit: It would be funny if you did like ... 4 tens, a 5, a 2 1/2 and a 6. Jack Butala: You know how they say "They're not making land anymore. You better buy it." You just made some land. Jill DeWit: You just made some land. Jack Butala: Create some property. Jill DeWit: Yeah, you sure could. Jack Butala: Check, long before you do that, what you're really doing, look at it another way. That 40-acre property has an APN.